May 7 (Reuters) - Cascades Inc CAS.TO :
* CASCADES ANNOUNCES A CONTINUATION OF SOLID RESULTS FOR THE FIRST QUARTER OF 2020
* Q1 ADJUSTED EARNINGS PER SHARE C$0.42
* Q1 EARNINGS PER SHARE C$0.24
* Q1 SALES C$1.313 BILLION VERSUS REFINITIV IBES ESTIMATE OF C$1.3 BILLION
* Q1 EARNINGS PER SHARE ESTIMATE C$0.31 -- REFINITIV IBES DATA
* CASCADES- EXPECT Q2 PERFORMANCE TO BE RESULT OF COMBINATION OF TAILWINDS AND HEADWINDS IN DIFFERENT BUSINESS SEGMENTS
* CASCADES- Q2 TISSUE RESULTS WILL REFLECT ELEVATED RAW MATERIAL PRICES DUE TO HIGHER WHITE RECYCLED GRADE FIBRE COSTS, GREATER USE OF VIRGIN PULP
* CASCADES- CONTAINERBOARD MARGINS ARE ALSO EXPECTED TO BE IMPACTED BY HIGHER OCC PRICES IN Q2
* CASCADES- REDUCED PLANNED CAPITAL EXPENDITURES TO A RANGE OF $175 TO $200 MILLION FOR THE YEAR