Cascades reports Q4, 2024 net loss of $13 million

By Cascades Inc.
Cision Newswire
February 20, 2025
Category: Finance & Economics
Region: Canada, Canada East

KINGSEY FALLS, Quebec — Cascades reported its unaudited financial results for the three-month period and fiscal year ended December 31, 2024. Q4 2024 Highlights include: Sales of $1,211 million (compared with $1,201 million in Q3 2024 and $1,138 million in Q4 2023); net loss of $13 million (compared to earnings of $1 million in Q3, 2023 and net loss of $57 million in Q4, 202). …On an adjusted basis, the Corporation posted net earnings of $25 million in the fourth quarter of 2024, compared to net earnings of $5 million in the same period of 2023. On an annual basis, Cascades reported full year 2024 sales of $4,701 million (compared with $4,638 million in 2023), Operating income of $95 million (compared with $40 million in 2023); Net loss per common share of ($0.31) (compared with ($0.76) in 2023).

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