Cascades Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
February 25, 2021 at 06:00 am EST
Cascades Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced sales was CAD 1,284 million compared to CAD 1,227 million a year ago. Operating income was CAD 109 million compared to operating loss of CAD 1 million a year ago. Net income was CAD 73 million compared to net loss of CAD 26 million a year ago. Basic earnings per share from continuing operations was CAD 0.72 compared to basic loss per share from continuing operations of CAD 0.27 a year ago. For the full year, sales was CAD 5,157 million compared to CAD 4,996 million a year ago. Operating income was CAD 366 million compared to CAD 261 million a year ago. Net income was CAD 198 million compared to CAD 72 million a year ago. Basic earnings per share from continuing operations was CAD 2.04 compared to CAD 0.77 a year ago. Diluted earnings per share from continuing operations was CAD 2.02 compared to CAD 0.75 a year ago.