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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
Tel: N/A
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