High Liner Foods Incorporated (T:HLF)
Business Focus: Seafood Product Preparation & Packaging
| 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 | ||
| Paul A. Jewer President, Chief Executive Officer, Director | Johanne Mcnally-Myers Executive Vice President of Human Resources | 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 13 weeks ended 30 March 2024, High Liner Foods Inc revenues decreased 16% to $277M. Net income increased 20% to $16.6M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income reflects Seafood products segment income increase of 21% to $26.1M. Dividend per share increased from $0.10 to $0.11. |
| Employees: | 1,202 as of Dec 30, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $766.65M as of Mar 30, 2024 |
| Annual revenue (TTM): | $1,399M as of Mar 30, 2024 |
| EBITDA (TTM): | $133.10M as of Mar 30, 2024 |
| Net annual income (TTM): | $46.80M as of Mar 30, 2024 |
| Free cash flow (TTM): | $207.00M as of Mar 30, 2024 |
| Net Debt Last Fiscal Year: | $328.48M as of Mar 30, 2024 |
| Shares outstanding: | 34,670,276 as of May 6, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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