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Jamieson Wellness Inc. (T:JWEL)

Business Focus: Special Foods & Wellbeing Products

Sector:  Consumer Non-Cyclicals Industry:  Food Processing
 
Company Contact
Address: 1 Adelaide Street East, Suite 2200
TORONTO ON M5C 2V9
Tel: 1-416-7055437
Website: https://investors.jamiesonwellness.com
IR: See website
Key People
Michael Pilato
President, Chief Executive Officer, Director
Christopher Snowden
Chief Financial Officer, Corporate Secretary
Regan Stewart
Chief Operations and People Officer
Don Bird
Executive Vice President, USA and Global Strategic Partners
Joel Scales
Executive Vice President - Jamieson Worldwide, Global Strategy and eCommerce
Paul Galbraith
Senior Vice President, Managing Director
John Doherty
Chief Science and Innovation Officer
   
Business Overview
Jamieson Wellness Inc. is a Canada-based company, which is principally engaged in the manufacturing, development, distribution, sales and marketing of branded and customer branded health products for humans, including vitamins, herbal and mineral nutritional supplements. The Company's Jamieson brand is available in more than 45 countries globally. It also offers a variety of vitamins, minerals and supplements (VMS) products to consumers with its youtheory, Progressive, Smart Solutions, Iron Vegan and Precision brands. Its product portfolio is specifically curated to help maintain overall health with daily multivitamins for all age groups, letter vitamins, digestive, heart health and immune support formulas. It offers a variety of products to support women's hormone health and beauty from within, and proteins and other sports nutrition products for those with active lifestyles. Its manufacturing facilities are located in Windsor, Ontario, Toronto, Ontario and Irvine, California.
Financial Overview
For the fiscal year ended 31 December 2023, Jamieson Wellness Inc revenues increased 24% to C$676.2M. Net income decreased 9% to C$47.9M. Revenues reflect Jamieson Brands segment increase of 26% to C$551.2M, Strategic partner segment increase of 16% to C$125M. Dividend per share increased from C$0.64 to C$0.72. Basic Earnings per Share excluding Extraordinary Items decreased from C$1.29 to C$1.14.
Employees: 1,226 as of Dec 31, 2022
Reporting Currency: Canadian Dollars
Enterprise value: $1,511M as of Dec 31, 2023
Annual revenue (TTM): $676.17M as of Dec 31, 2023
EBITDA (TTM): $146.86M as of Dec 31, 2023
Net annual income (TTM): $47.88M as of Dec 31, 2023
Free cash flow (TTM): -$7.38M as of Dec 31, 2023
Net Debt Last Fiscal Year: $426.12M as of Dec 31, 2023
Shares outstanding: 41,434,460 as of Feb 15, 2024
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization