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 LUNENBURG NS B0J 2C0 |
| Tel: | 1-902-6346228 |
| Website: | https://www.highlinerfoods.com |
| IR: | See website |
| Key People | ||
| Rodney W. Hepponstall President, Chief Executive Officer, Director | Paul A. Jewer Chief Financial Officer, Executive Vice President | Timothy Rorabeck Executive Vice President, Corporate Affairs & General Counsel |
| Ron Van Der Giesen Chief Supply Chain Officer | Anthony Rasetta Chief Commercial Officer | |
| Business Overview |
| High Liner Foods Incorporated is primarily 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. 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 full prescribing information (FPI) labels. It owns and operates over three food-processing plants located in Lunenburg, Nova Scotia (N.S.), Portsmouth, New Hampshire and Newport News, Virginia. |
| Financial Overview |
| For the 39 weeks ended 01 October 2022, High Liner Foods Inc revenues increased 27% to $819.4M. Net income increased 24% to $43.6M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was partially offset by Distribution expenses increase of 25% to $45.9M (expense), Other Non Operating I/E decrease from $7.9M (income) to $0K. |
| Employees: | 1,102 as of Jan 1, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $823.22M as of Oct 1, 2022 |
| Annual revenue (TTM): | $1,404M as of Oct 1, 2022 |
| EBITDA (TTM): | $127.03M as of Oct 1, 2022 |
| Net annual income (TTM): | $68.15M as of Oct 1, 2022 |
| Free cash flow (TTM): | -$76.95M as of Oct 1, 2022 |
| Net Debt Last Fiscal Year: | $418.41M as of Oct 1, 2022 |
| Shares outstanding: | 34,936,108 as of Oct 1, 2022 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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