High Liner Foods Incorporated (T:HLF)
Business Focus: Seafood Product Preparation & Packaging
| Sector: Consumer Non-Cyclicals | Industry: Food Processing |
| Company Contact | |
| Address: | 100 Battery Point, PO Box 910 LUNENBURG NS B0J 2C0 |
| Tel: | 1-902-6346228 |
| Website: | https://www.highlinerfoods.com |
| IR: | See website |
| Key People | ||
| Paul A. Jewer Interim Chief Executive Officer, Chief Financial Officer | Johanne Mcnally-Myers Executive Vice President of Human Resources | Timothy Rorabeck Executive Vice President, Corporate Affairs and General Counsel | Anthony Rasetta Chief Commercial Officer |
| Business Overview |
| High Liner Foods Incorporated is a Canada-based value-added frozen seafood company. The Company is a processor and marketer of value-added frozen seafood, producing a range of products from breaded and battered items to seafood entrees, which are sold to North American food retailers and foodservice distributors. In addition, it is a supplier of commodity products in the North American market. The Company's retail channel includes grocery and club stores, and its products are sold throughout the United States and Canada under the High Liner, Fisher Boy, Mirabel, Sea Cuisine and Catch of the Day labels. The foodservice channel includes sales of seafood that is usually eaten outside the home and its branded products are sold through distributors to restaurants and institutions under the High Liner, Mirabel, Icelandic Seafood and FPI labels. It owns and operates over three food-processing plants located in Lunenburg, Nova Scotia, Portsmouth, New Hampshire, and Newport News, Virginia. |
| Financial Overview |
| For the fiscal year ended 30 December 2023, High Liner Foods Inc revenues increased 1% to $1.08B. Net income decreased 42% to $31.7M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Seafood products segment income decrease of 28% to $60.3M. Dividend per share increased from $0.32 to $0.41. |
| Employees: | 1,202 as of Dec 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $765.23M as of Dec 30, 2023 |
| Annual revenue (TTM): | $1,476M as of Dec 30, 2023 |
| EBITDA (TTM): | $129.46M as of Dec 30, 2023 |
| Net annual income (TTM): | $43.27M as of Dec 30, 2023 |
| Free cash flow (TTM): | $201.09M as of Dec 30, 2023 |
| Net Debt Last Fiscal Year: | $336.42M as of Dec 30, 2023 |
| Shares outstanding: | 34,732,076 as of Apr 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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