Net sales were $1.8 billion in the second quarter of 2022, up from $1.7 billion in the prior year quarter. Unfavorable foreign currency translation impacted sales by $95 million and $11 million of lower sales was due to divestitures. Higher average selling prices contributed $208 million to sales. Shipments (in tons, excluding divestitures) improved approximately one percent while sales declined $1 million due to the net effect of higher sales volume and a slightly unfavorable change in mix. Other sales improved $17 million driven by higher machine part sales. Segment operating profit was $257 million in the second quarter of 2022 compared to $232 million in the prior year quarter.
Cascades Inc. (TSX: CAS), a leader in the recovery and manufacturing of green packaging and tissue products, is proud to have received a Food Innovation Award from the Food Processing Council of Quebec (Conseil de la transformation alimentaire du Québec, or CTAQ), in the Packaging category, for its northbox ® product, a new recyclable, insulated box.
Cascades has developed northbox, a recyclable thermal box that ensures e-shipment temperature-sensitive product to your customer’s door. (CNW Group/Cascades Inc.)
The northbox ® is an isothermal container made entirely of recycled materials, that is ideal for shipping temperature-sensitive products by mail. It was designed with the objective of being recyclable at the end of its lifecycle—a first in North America. With its thermal performance and eco-friendly features, northbox ® meets the needs of high-growth markets, notably e-commerce, for prepared and ready-to-cook meals.
Each year, the CTAQ recognizes the avant-gardism of technologies and Quebec products that stand out in the industry. For the 2017 contest, a Packaging category was added for the first time and included evaluation criteria such as technological innovation, product conservation and sustainable development. The prize awarded to Cascades recognizes the company’s continuous efforts to develop innovative packaging solutions.
“The northbox ® is the fruit of a remarkable team effort, our culture of innovation and more than 50 years of expertise in eco-packaging design. This packaging solution was developed entirely by Cascades in collaboration with our customers, which made it possible to meet their specific needs in a high‑growth market. We are motivated and equipped to meet this kind of challenge,” affirmed Luc Langevin, President and Chief Operating Officer of Cascades Specialty Products Group.