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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
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
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