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 three months ended 31 March 2019, Algoma Central Corporation revenues increased 19% to C$71.9M. Net loss increased from C$9.1M to C$22.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Higher net loss reflects Foreign currency (loss) gain decrease from C$8.3M (income) to C$2.1M (expense), Net (Loss) Earnings of Joint Ventures decrease from C$1.9M (earnings) to C$1.2M |
| Employees: | 2,000 as of Dec 31, 2017 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $747.69M as of Mar 31, 2019 |
| Annual revenue (TTM): | $519.57M as of Mar 31, 2019 |
| EBITDA (TTM): | $97.90M as of Mar 31, 2019 |
| Net annual income (TTM): | $37.29M as of Mar 31, 2019 |
| Free cash flow (TTM): | -$44.31M as of Mar 31, 2019 |
| Net Debt Last Fiscal Year: | $236.40M as of Mar 31, 2019 |
| Shares outstanding: | 38,406,215 as of Apr 10, 2019 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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