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 | |
Disclaimer :: Use of this site is subject to, and your continued use
constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is
strictly prohibited. Canadianinsider.com is operated by INK Research Corp (INK). INK provides general information.
INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion;
however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion
expressed herein is subject to change without notice. Read more...Insider information is based on filings made on the System
for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site
you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other
parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you
acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a
securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for
themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not
assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment.
Users should always consult with and obtain advice from their professional licensed financial advisor, including
their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment
or trading securities do so with caution. Users should perform full due diligence and investigate any security
fully before making an investment or before the execution of a security trade based upon information learned
through INK. Investors should obtain annual reports and other company information to complete their own due
diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision
made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this
website. On this site, there may be third party content, content from authors or links to third-party sites or
pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible
for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored
content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored
content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site
or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI®
is a registered trade-mark owned by the Alberta Securities Commission.Read less
Company fundamental and
price data sourced from © Thomson Reuters Limited. All rights reserved. Republication or redistribution of
Thomson Reuters content, including by framing or similar means, is prohibited without the prior written consent
of Thomson Reuters. Thomson Reuters is not liable for any errors or delays in Thomson Reuters content, or for
any actions taken in reliance on such content. 'Thomson Reuters' and the Thomson Reuters logo are trademarks of
Thomson Reuters and its affiliated companies. US Quotes data provided by IEX.
Interactive technical study charts by TradingView. Copyright © 2019 INK Research Corp. All rights reserved. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.