Cascades' 2Q 2020 sales of $1,285 million grew by $10 million, or 1%, compared with the same period last year.
The Corporation generated an operating income before depreciation and amortization (OIBD) of $169 million in the 2Q 2020, down from $154 million in the 2Q 2019. On an adjusted basis, 2Q OIBD totaled $186 million in the current period, a new quarterly record for the Corporation.
On an adjusted basis, 2Q 2020 OIBD stood at $186 million, versus $156 million in the previous year.
For the 3-month periods ended June 30, 2020, the Corporation posted net earnings of $54 million, or $0.57 per share, compared to net earnings of $31 million, or $0.33 per share, in the same period of 2019. On an adjusted basis, the Corporation generated net earnings of $58 million in the 2Q 2020, or $0.61 per share, compared to net earnings of $26 million, or $0.28 per share, in the same period of 2019.
Founded in 1964, Cascades offers sustainable, innovative and value-added packaging, hygiene and recovery solutions.
