Ad blocking detected

Thank you for visiting We have detected you cannot see ads being served on our site due to blocking. Unfortunately, due to the high cost of data, we cannot serve the requested page without the accompanied ads.

If you have installed ad-blocking software, please disable it (sometimes a complete uninstall is necessary). Private browsing Firefox users should be able to disable tracking protection while visiting our website. Visit Mozilla support for more information. If you do not believe you have any ad-blocking software on your browser, you may want to try another browser, computer or internet service provider. Alternatively, you may consider the following if you want an ad-free experience.

Canadian Insider Ultra Club
$500/ year*
Daily Morning INK newsletter
+3 months archive
Canadian Market INK weekly newsletter
+3 months archive
30 publication downloads per month from the PDF store
Top 20 Gold, Top 30 Energy, Top 40 Stock downloads from the PDF store
All benefits of basic registration
No 3rd party display ads

* Price is subject to applicable taxes.

Paid subscriptions and memberships are auto-renewing unless cancelled (easily done via the Account Settings Membership Status page after logging in). Once cancelled, a subscription or membership will terminate at the end of the current term.

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
Tel: 1-902-6346228
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