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 | Peter D. Winkley Chief Financial Officer, Vice President - Finance | Wayne A. Smith Senior Vice President - Commercial |
Algis J. Vanagas Senior Vice President - Technical | Dennis McPhee Vice President - Sales and Traffic | Karen A. Watt Vice President - Human Resources |
J. Wesley Newton Legal Counsel, Assistant Secretary | Thomas G. Siklos Vice President of Algoma Central Properties Inc. |
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 nine months ended 30 September 2019, Algoma Central Corporation revenues increased 11% to C$398.9M. Net income decreased 18% to C$20.4M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Depreciation of property, plant, equipme increase of 80% to C$50.8M (expense), Interest Capitalized on vessels under c decrease of 83% to C$827K (income). |
Employees: | 2,000 as of Dec 31, 2017 |
Reporting Currency: | Canadian Dollars |
Enterprise value: | $727.56M as of Sep 30, 2019 |
Annual revenue (TTM): | $548.47M as of Sep 30, 2019 |
EBITDA (TTM): | $115.44M as of Sep 30, 2019 |
Net annual income (TTM): | $46.37M as of Sep 30, 2019 |
Free cash flow (TTM): | -$174.14M as of Sep 30, 2019 |
Net Debt Last Fiscal Year: | $363.28M as of Sep 30, 2019 |
Shares outstanding: | 38,156,815 as of Nov 21, 2019 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |