Ad blocking detected

Thank you for visiting CanadianInsider.com. We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Club
$299/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads
JOIN THE CLUB

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

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
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