07:36 AM EDT, 05/08/2025 (MT Newswires) -- Cascades (CAS.TO) on Thursday reported a first-quarter profit on slightly higher sales, even as both came in below expectations.

The packaging company said adjusted earnings, which excludes most one-time items, was $0.13 per share, compared with $nil per share in the prior-year period. The result was a cent below the consensus analyst estimate of $0.14 per share, according to Capital IQ.

Quarterly sales of $1.15 billion was above the $1.11 billion generated in the previous corresponding quarter, but just missed the $1.17 billion expected.

"Our first quarter performance was driven by lower volumes across our businesses as uncertainty regarding tariffs led to a deterioration in consumer and business sentiment beginning in mid-February, resulting in lower sales and profitability levels sequentially," said Chief Executive Hugues Simon. "Results were similarly impacted by usual higher seasonal energy costs, increased operational costs due to lower production, and higher transportation costs."

Cascades will pay a regular quarterly dividend of $0.12 per share on June 5.