Algoma Central Corporation (T:ALC)
Business Focus: Inland Water Freight
| Sector: Industrials | Industry: Marine Freight & Logistics |
| Company Contact | |
| Address: | 63 Church St Suite 600 ST. CATHARINES ON L2R 3C4 |
| Tel: | N/A |
| Website: | https://www.algonet.com |
| IR: | See website |
| Key People | ||
| Gregg A. Ruhl President, Chief Executive Officer, Director | Suhail Modak Vice President - Technical and Operations | Peter D. Winkley Chief Financial Officer, Executive Vice President |
| J. Wesley Newton Executive Vice President - Strategy and Business Development | Steve Wright Executive Vice President - Operations and Technical | Christopher A. L. Lazarz Vice President - Corporate Finance |
| Charlie Bungard Vice President - Operations | Cathy Smith Vice President of Human Resources | Mario Battista Vice President - Information Systems and Security | Jeffrey M. Derosario Vice President - Commercial |
| Business Overview |
| Algoma Central Corporation is a Canada-based marine shipping company. The Company owns and operates a fleet of dry and liquid bulk carriers', serving markets throughout the Great Lakes St. Lawrence Seaway and internationally. Its Domestic Dry-Bulk segment includes the Company's 18 Canadian dry-bulk carriers. This segment serves industrial sectors, including iron and steel producers, aggregate producers, cement and building material producers, salt producers and agricultural product distributors. The Product Tankers segment fleet consist of seven product tankers employed in Canadian flag service and one international tanker operating in Canada. Its Ocean Self-Unloaders segment consists of eight ocean-going self-unloading vessels and a 25% interest in a ninth selfunloader. Its Global Short Sea Shipping segment, which consists of the Company's NovaAlgoma joint ventures, focuses on niche marine transportation markets featuring specialized equipment or services. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Algoma Central Corporation revenues increased 6% to C$721.2M. Net income decreased 31% to C$82.9M. Revenues reflect Domestic Dry-Bulk segment increase of 13% to C$408.2M, Product Tankers segment increase of 11% to C$132.2M. Net income was offset by Impairment of Fixed Assets decrease from C$14.8M (income) to C$0K, Net earnings from investments in joint v decrease of 33% to C$23.6M (earnings). |
| Employees: | 1,600 as of Dec 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $925.72M as of Dec 31, 2023 |
| Annual revenue (TTM): | $721.22M as of Dec 31, 2023 |
| EBITDA (TTM): | $140.58M as of Dec 31, 2023 |
| Net annual income (TTM): | $82.87M as of Dec 31, 2023 |
| Free cash flow (TTM): | $2.60M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $344.54M as of Dec 31, 2023 |
| Shares outstanding: | 39,523,062 as of Apr 11, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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