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BRIEF-Cascades Q3 Adjusted Earnings Per Share C$0.30

Published 2019-11-08, 06:36 a/m
BRIEF-Cascades Q3 Adjusted Earnings Per Share C$0.30

Nov 8 (Reuters) - Cascades Inc CAS.TO :

* CASCADES CONTINUES ITS SOLID PERFORMANCE IN THE THIRD QUARTER OF 2019; POSITIVE OUTLOOK IN TISSUE SUPPORTED BY OPERATIONAL IMPROVEMENTS AND RECENT STRATEGIC INITIATIVES

* Q3 ADJUSTED EARNINGS PER SHARE C$0.30

* Q3 EARNINGS PER SHARE C$0.74

* Q3 SALES C$1.264 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$1.25 BILLION

* Q3 EARNINGS PER SHARE ESTIMATE C$0.33 -- REFINITIV IBES DATA

* CASCADES - BENEFITED FROM FAVOURABLE RAW MATERIAL PRICING, CUSTOMARY SEASONAL DEMAND LEVELS ACROSS PLATFORMS IN QUARTER

* CASCADES- EUROPEAN BOXBOARD PERFORMANCE EXPECTED TO SLIGHTLY FALL SEQUENTIALLY BUT IMPROVE YOY DUE TO LOWER RAW MATERIAL COSTS, MODEST RECOVERY IN VOLUME

* CASCADES - ANTICIPATE STABLE RESULTS IN SPECIALTY PRODUCTS YEAR-OVER-YEAR AND SLIGHT DECREASE SEQUENTIALLY IN QUARTER

* CASCADES - EXPECT Q4 TO IMPROVE YOY

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