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 |