Last C$6.95 CAD
Change Today 0.00 / 0.00%
Volume 351.2K
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As of 3:59 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

cascades inc (CAS) Snapshot

Open
C$6.91
Previous Close
C$6.95
Day High
C$6.97
Day Low
C$6.89
52 Week High
04/4/14 - C$7.60
52 Week Low
09/4/13 - C$5.07
Market Cap
654.3M
Average Volume 10 Days
290.6K
EPS TTM
C$0.32
Shares Outstanding
94.1M
EX-Date
05/22/14
P/E TM
21.7x
Dividend
C$0.16
Dividend Yield
2.30%
Current Stock Chart for CASCADES INC (CAS)

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cascades inc (CAS) Details

Cascades Inc., together with its subsidiaries, is engaged in the production, conversion, and marketing of packaging and tissue products primarily in Canada, the United States, and Europe. It operates in four segments: Containerboard, Boxboard Europe, Specialty Products, and Tissue Papers. The company manufactures coated boxboards and folding cartons; manufactures containerboards and boxboards, as well as converts corrugated and folding carton products; and provides graphic art and printing plate services. It also offers industrial packaging products, including roll headers and paperboard packaging products for rolls of newspaper; roll edges; laminated paperboard for use in specialty containers and furniture backing; honeycomb paperboards; uncoated paperboard partitions for beer, wine, and glass container producers; and uncoated recycled paperboards for packaging converters and industrial users of headers and wrappers. In addition, the company provides consumer product packaging products comprising polystyrene foam food trays for the packaging of meat, poultry and seafood; plates and bowls; decking boards; outdoor furnishings; egg filler flats and beverage carry trays; and flexible films for packaging products, as well as markets coin wrappers to the numismatic industry. Further, it offers backing for vinyl flooring; specialized kraft paper, such as butcher paper, paper for envelopes, paper for asphalt coating, and paper that withstands grease or moisture; de-inked pulp for the production of tissue and fine paper; uncoated fine paper for copying, business forms, and envelopes; and inked kraft pulp, as well as provides warehousing services, and various services to recover and process discarded materials. Additionally, the company provides bathroom and facial tissues, paper towels and napkins, paper hand towels, parent rolls, industrial wipes, and other related products. Cascades Inc. was founded in 1964 and is headquartered in Kingsey Falls, Canada.

12,200 Employees
Last Reported Date: 03/28/14
Founded in 1964

cascades inc (CAS) Top Compensated Officers

Chief Executive Officer and President
Total Annual Compensation: C$559.3K
Co-Founder, Executive Chairman of the Board a...
Total Annual Compensation: C$598.0K
Chief Financial Officer and Vice-President
Total Annual Compensation: C$315.7K
Chief Executive Officer of Containerboard Gro...
Total Annual Compensation: C$458.1K
Chief Executive Officer of Tissue Papers Grou...
Total Annual Compensation: C$401.4K
Compensation as of Fiscal Year 2013.

cascades inc (CAS) Key Developments

Cascades, Inc. to Cease its Kraft Paper Manufacturing Activities in the East Angus (Québec) Plant by October 3, 2014

Cascades Inc. announced that it will cease its Kraft paper manufacturing activities in the East Angus (Québec) plant because of unfavorable market conditions and the failure of discussions concerning the plant's transfer and turnaround. Close to 175 employees will be affected by the closure, which will come into effect by October 3, 2014. By closing the plant, Cascades is withdrawing from the Kraft paper sector definitively. To assist the employees affected by the shutdown, Cascades will do everything in its power to relocate personnel to other units. It will work with the union and the governments to reduce the impact of the announcement on the workers and the community.

Cascades Announces Successful Completion of Notes Offering and Purchase of 7 3/4% Senior Notes Due 2017 and 7 3/4% Senior Notes Due 2016

Cascades Inc. announced that it has completed its previously announced offering of USD 550 million aggregate principal amount of 5.50% Senior Notes due 2022 (USD Notes) and CAD 250 million aggregate principal amount of 5.50% Senior Notes due 2021 (CAD Notes and, together with the USD Notes). The company also announced that, in accordance with its previously announced tender offer for any and all of its outstanding 7 3/4% Senior Notes due 2017 (2017 Notes) and 7 3/4% Senior Notes due 2016 (2016 Notes and, together with the 2017 Notes, Existing Notes), Cascades has purchased approximately USD 293.7 million aggregate principal amount of 2017 Notes and CAD 147.7 million aggregate principal amount of 2016 Notes tendered as of 5:00 p.m. on June 18, 2014 (Consent Payment Deadline). Approximately USD 206.3 million aggregate principal amount of 2017 Notes and CAD 52.3 million aggregate principal amount of 2016 Notes remain outstanding, which may be validly tendered and accepted for purchase during the remainder of the tender period. Cascades also received sufficient consents to approve the proposed amendments to the indenture, dated as of December 3, 2009, pursuant to which the 2017 Notes were issued, and the indenture, dated as of December 3, 2009, pursuant to which the 2016 Notes were issued, that, among other modifications, eliminate substantially all of the restrictive covenants and certain events of default and amend related provisions in the Indentures. Cascades and the trustee for each of the 2017 Notes and the 2016 Notes have entered into supplemental indentures implementing these amendments. The tender offer will expire at 9:00 a.m., New York City time, on July 3, 2014 (Expiration Time).

Cascades, Inc. Announces Senior Notes Due 2017 and Senior Notes Due 2016

Cascades Inc. announced that it has issued notices of redemption for any and all of its 7 3/4% senior notes due 2017 and 7 3/4% senior notes due 2016 that remain outstanding after the consummation of its previously announced offer to purchase and consent solicitation relating to the notes set to expire at 9:00 a.m., New York City time, on July 3, 2014. For each series of notes, the redemption date is July 21, 2014, and the redemption price is 103.875% of the principal amount plus accrued and unpaid interest to, but not including, July 21, 2014. The company will use the proceeds of its previously completed private offering of 5.50% senior notes due 2022 and 5.50% senior notes due 2021 to fund the redemption.

 

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Industry Analysis

CAS

Industry Average

Valuation CAS Industry Range
Price/Earnings 42.3x
Price/Sales 0.2x
Price/Book 0.6x
Price/Cash Flow 37.3x
TEV/Sales NM Not Meaningful
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