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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
LUNENBURG NS B0J 2C0
Tel: 1-902-4217100
Website: 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 39 weeks ended 28 September 2019, High Liner Foods Inc revenues decreased 11% to $720.6M. Net income decreased 24% to $13.3M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income also reflects Business acquisition, integration and decrease of 86% to $1.2M (income), Selling and General increase of 9% to $69.8M (expense).
Employees: 482 as of Dec 29, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $758.76M as of Sep 28, 2019
Annual revenue (TTM): $1,277M as of Sep 28, 2019
EBITDA (TTM): $84.91M as of Sep 28, 2019
Net annual income (TTM): $16.56M as of Sep 28, 2019
Free cash flow (TTM): $89.60M as of Sep 28, 2019
Net Debt Last Fiscal Year: $412.34M as of Sep 28, 2019
Shares outstanding: 35,142,443 as of Sep 28, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization