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High Liner Foods Incorporated (T:HLF)

Business Focus: Seafood Product Preparation & Packaging

Sector:  Consumer Non-Cyclicals Industry:  Food Processing
See Regulatory Filings on SEDAR
Company Contact
Address: 100 Battery Point,
PO Box 910
Tel: 1-902-4217100
IR: See website
Key People
Robert L. Pace
Chairman of the Board
Rodney Hepponstall
President, Chief Executive Officer, Director
Paul A. Jewer
Chief Financial Officer, Executive Vice President
Peter Brooks Brown
President and Chief Operating Officer '€“ U.S. Operations
Mario P. Marino
President and Chief Operating Officer - Canadian Operations
Joanne E. Brown
Executive Vice President - Human Resources
Paul W. Snow
Executive Vice President - Global Procurement, Pleasantville, Nova Scotia, Canada
Timothy Rorabeck
Vice President, Corporate Affairs and General Counsel
Business Overview
High Liner Foods Incorporated is a Canada-based company, which is engaged in the processing and marketing of frozen seafood products. The Company produces a range of products from breaded and battered items to seafood entrees, which are sold to North American food retailers and foodservice distributors. The Company operates through Canadian Operations and U.S. operations. The Company offers its products under Foodservice and Retail brand. The retail channel includes grocery and club stores and its products are sold throughout the United States, Canada and Mexico under the High Liner, Fisher Boy, Mirabel, Sea Cuisine and C. Wirthy & Co. labels. The foodservice channel includes sales of seafood that are sold through distributors to restaurants and institutions under the High Liner, Icelandic Seafood1, Mirabel and FPI labels. It owns and operates three food-processing plants located in Nova Scotia, New Hampshire and Virginia.
Financial Overview
For the 26 weeks ended 27 June 2020, High Liner Foods Inc revenues decreased 13% to $434.4M. Net income increased 12% to $17.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net Income benefited from Selling and General decrease of 22% to $35.2M (expense), Finance costs decrease of 9% to $10.4M (expense), Impairment of property.
Employees: 690 as of Dec 28, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $750.05M as of Jun 27, 2020
Annual revenue (TTM): $1,171M as of Jun 27, 2020
EBITDA (TTM): $107.76M as of Jun 27, 2020
Net annual income (TTM): $16.29M as of Jun 27, 2020
Free cash flow (TTM): $18.31M as of Jun 27, 2020
Net Debt Last Fiscal Year: $441.68M as of Jun 27, 2020
Shares outstanding: 35,082,443 as of Jun 27, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization