Cascades Inc. (CAS) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning. My name is Sylvie, and I will be your conference operator today. At this time, I would like to welcome everyone to Cascade 4th Quarter 2025 Financial Results Conference Call. Note that all lines are currently in the listen-only mode. After the speaker's remarks, there will be a question and answer session. I will now pass the call over to Jennifer Aitken, Director of Investor Relations for Cascad. Ms. Aitken, you may begin. Thank you, operator. Good morning, everyone, and thank you for joining our fourth quarter 2025 conference call. We will begin with an overview of our operational and financial results, followed by some concluding remarks, after which we will begin the question period. Today's speakers will be Hugues Simon, President and CEO, and Alan Hogg, CFO. Before turning over the call, I would like to highlight that certain statements made during this call will discuss historical and forward-looking matters. The accuracy of these statements is factors that can have a material impact on actual results. These risks are listed in our public filings. These statements, the investor presentation, and the press release also include data that are not measures of performance under IFRS. Please refer to our Q4 2025 investor presentation. This presentation, along with our fourth quarter press release, is found in the investor section of our website. If you have any questions, please contact us after the session. I will now turn over the call to our CEO, Hugues Simon, who will begin with a review of our Q4 performance. Hugues? Thank you, Jennifer, and good morning, everyone. Our four-quarter consolidated performance was in line with our projections. Forecasted sales and adjusted EBITDA levels both decreased marginally from Q3 levels, expecting usual softer ...