{"id":1542,"date":"2024-08-12T06:32:21","date_gmt":"2024-08-12T10:32:21","guid":{"rendered":"https:\/\/www.packagingindustrynews.com\/?p=1542"},"modified":"2024-08-12T06:32:21","modified_gmt":"2024-08-12T10:32:21","slug":"cascades-registers-c1-18bn-in-revenue-for-q2-2024","status":"publish","type":"post","link":"https:\/\/www.packagingindustrynews.com\/?p=1542","title":{"rendered":"Cascades registers C$1.18bn in revenue for Q2 2024\u00a0"},"content":{"rendered":"


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Cascades offers sustainable and value-added packaging, hygiene, and recovery solutions. Credit: JHVEPhoto via Shutterstock. <\/figcaption><\/figure>\n<\/p><\/div>\n

Canadian packaging company Cascades has announced a modest sales growth in the second quarter (Q2) of fiscal year 2024, with revenues reaching C$1.18bn ($859.31m), up from C$1.16bn in Q2 2023.\u00a0<\/p>\n

Sales increased from C$1.10bn in the previous quarter of fiscal year 2024.\u00a0<\/p>\n

However, the company\u2019s operating income saw a significant decline, dropping to C$34m from C$64m in Q2 2023.\u00a0<\/p>\n

The company\u2019s net earnings per common share stood at C$0.01, a stark contrast to the net earnings per common share of C$0.22 in Q2 2023 and the net loss per common share of $0.20 in Q1 2024.\u00a0<\/p>\n

Cascades\u2019 net debt increased to C$2,093m as of 30 June 2024, compared with C$2,020m as of 31 March 2024.\u00a0<\/p>\n

The improvement in the second quarter of 2024 was attributed to stronger performances across all three business segments.\u00a0<\/p>\n

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