Tree Frog Forestry News

Cascades Continues its Solid Performance in the Third Quarter of 2019

By Cascades Inc.
Cision Newswire
November 8, 2019
Category: Business & Politics
Region: Canada East, Canada

KINGSEY FALLS, QC — Cascades reports its unaudited financial results for the three-month period ended September 30, 2019. Sales of $1,264 million compared with $1,275 million in Q2 2019 (-1%) and $1,175 million in Q3 2018 (+8%). …Adjusted (excluding specific items) operating income of $88 million compared with $84 million in Q2 2019 (+5%) and $76 million in Q3 2018 (+16%). …Mr. Mario Plourde, President and CEO, commented: “Cascades delivered solid consolidated third quarter 2019 results, as demonstrated by the 24.9% OIBD margin realized by the Containerboard segment. 

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