Cascades cuts financial outlook for Q1, shares trade lower

Signage for Cascades is seen in Drummondville, Que., on Friday, March 27, 2026. THE CANADIAN PRESS/Christinne Muschi

KINGSEY FALLS — Cascades Inc. has cut its financial outlook for its first quarter after being hit by weather disruptions in the U.S. and heightened volatility in transportation and fuel surcharges that increased operating costs.

The company says it also saw a decrease in consumer confidence and spending, resulting in lower packaging volumes, and that inefficiencies in operations also weighed on performance.

Cascades now expects consolidated adjusted earnings before interest, taxes, depreciation and amortization to be in the range of $115 million to $120 million for its first quarter. The outlook is down from earlier expectations for between $130 million to $142 million.

It says the revised outlook largely reflects lower results for its packaging segment, while results from its tissue segment will be slightly below the earlier range.

Shares in the company were down 39 cents at $10.68 in trading on the Toronto Stock Exchange.

Cascades is scheduled to report its first-quarter results before markets open on May 7.

This report by The Canadian Press was first published April 10, 2026.