Cascades Inc. reports its unaudited financial results for the three-month period ended December 31, 2019. 4Q sales of $1,227 million increased by $31 million, or 3%, compared with the same period last year.
For the 3-month period ended December 31, 2019, Cascades posted a net loss of $26 million, or $0.27 per share, compared with a net loss of $67 million, or $0.71 per share, for the same period in 2018.
On an adjusted basis, Cascades generated net earnings of $29 million in the 4Q 2019, or $0.30 per share, compared with a break even net earnings of $0 million, or $0.00 per share, for the same period in 2018.
Founded in 1964, Cascades offers sustainable, innovative and value-added solutions for packaging, hygiene and recovery needs.
