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: | 1-902-4217100 |
| Website: | https://www.highlinerfoods.com |
| 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 | |
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