Cascade announced year-end results on Monday. Our recent Fool by Numbers will walk you through the impressive fourth quarter that saw growth in sales and earnings of 10% and 24%, respectively. Full-year results weren't as uplifting, as sales advanced 6% and earnings grew 8%, but the overall news was enough to send the shares to new highs for the year.
Given the essentially flat domestic sales growth, what must have lifted the hearts of investors was Cascade's huge international growth. Sales in the company's Chinese operations rose 47%, along with a 152% jump in operating profit during the fourth quarter. Sales growth was strong in Europe and in the Asia Pacific regions, as well.
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At recent prices, investors may be better off waiting until growth in the company's core North American operations start picking up some steam. Current trends have continued to lift Cascade to new heights, and China will increasingly influence future results. Still, though, the company is a play on economically sensitive industries, and investors can expect stock price volatility resulting from fluctuations in Cascade's core markets.
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Fool contributor Ryan Fuhrmann has no financial interest in any company mentioned. The Fool has an ironclad disclosure policy. Feel free to email him with feedback or to discuss any companies mentioned further.