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Algoma Central Corporation (T:ALC)

Business Focus: Inland Water Freight

Sector:  Industrials Industry:  Marine Freight & Logistics
 
See Regulatory Filings on SEDAR
Company Contact
Address: 63 Church St Suite 600
ST. CATHARINES ON L2R 3C4
Tel: N/A
Website: www.algonet.com
IR: See website
Key People
Duncan N. R. Jackman
Independent Chairman of the Board
Fredrik Hanson
Vice President - Administration and Finance
Gregg A. Ruhl
President, Chief Executive Officer
Peter D. Winkley
Chief Financial Officer
Mario Battista
Senior Vice President - Finance and Process Innovation
J. Wesley Newton
Senior Vice President - Corporate Development, General Counsel
Brad Tiffin
Senior Vice President, Operations and Technical
Christopher Lazarz
Vice President - Corporate Finance
Bruce Partridge
Vice President, Commercial
Steve Wright
Vice President, Engineering
   
Business Overview
Algoma Central Corp is a Canada-based company, which owns and operates the Canadian flag fleet of dry and liquid bulk carriers operating on the Great Lakes-St. Lawrence Waterway. It operates through the following segments: Domestic Dry-Bulk, Product Tankers and Ocean Shipping. Its Domestic Dry-Bulk marine transportation segment includes the ownership and management of the operational and commercial activities of the Company's domestic dry-bulk fleet vessel, which includes over 20 vessels. Its Domestic Dry-Bulk segment also includes a diversified ship repair and steel fabricating facility active in the Great Lakes and St. Lawrence regions of Canada and the operational management of vessels owned by other ship owners. Its Product Tankers marine transportation segment includes direct ownership and management of the operational and commercial activities of over five Canadian flag tanker vessels. Its Ocean Shipping marine transportation segment includes the ownership of over two ocean-going
Financial Overview
For the three months ended 31 March 2020, Algoma Central Corporation revenues increased 18% to C$85.1M. Net loss increased 4% to C$23.6M. Revenues reflect Ocean Self-unloaders segment increase of 55% to C$36.4M, Domestic Dry-Bulk segment increase of 18% to C$21.1M. Higher net loss reflects Interest Expense on Borrowings increase of 23% to C$4.6M (expense), Interest Capitalized on vessels under c decrease of 79% to C$99K (income).
Employees: 1,600 as of Dec 31, 2019
Reporting Currency: Canadian Dollars
Enterprise value: $717.43M as of Mar 31, 2020
Annual revenue (TTM): $581.15M as of Mar 31, 2020
EBITDA (TTM): $131.39M as of Mar 31, 2020
Net annual income (TTM): $23.33M as of Mar 31, 2020
Free cash flow (TTM): -$63.09M as of Mar 31, 2020
Net Debt Last Fiscal Year: $352.05M as of Mar 31, 2020
Shares outstanding: 37,800,943 as of May 7, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization