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 | ||
| Rodney W. Hepponstall President, Chief Executive Officer, Director | Paul A. Jewer Chief Financial Officer, Executive Vice President | 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 26 weeks ended 01 July 2023, High Liner Foods Inc revenues increased 6% to $583.5M. Net income decreased 41% to $19.8M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net income was offset by Business acquisition, integration and ot increase from $8.8M (income) to $5.6M (expense), Interest Exp-Net of Capitalized Interest increase of 92% to $12.9M (expense). |
| Employees: | 1,174 as of Dec 31, 2022 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $877.56M as of Jul 1, 2023 |
| Annual revenue (TTM): | $1,490M as of Jul 1, 2023 |
| EBITDA (TTM): | $134.66M as of Jul 1, 2023 |
| Net annual income (TTM): | $55.12M as of Jul 1, 2023 |
| Free cash flow (TTM): | -$59.53M as of Jul 1, 2023 |
| Net Debt Last Fiscal Year: | $458.18M as of Jul 1, 2023 |
| Shares outstanding: | 35,119,661 as of Jul 1, 2023 |
| 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
US Quotes Data provided by IEX. Additional price data powered by Twelve Data. Company fundamental sourced from © Refinitiv. Click for restrictions. © Refinitiv. All rights reserved. Republication or redistribution of Refinitiv, including by framing or similar means, is prohibited without the prior written consent of Refinitiv. Refinitiv is not liable for any errors or delays in Refinitiv content, or for any actions taken in reliance on such content.
Interactive technical study charts by TradingView. Copyright © 2023 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.