Last C$16.40 CAD
Change Today -0.07 / -0.43%
Volume 4.2K
ALC On Other Exchanges
Symbol
Exchange
OTC US
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As of 4:10 PM 12/19/14 All times are local (Market data is delayed by at least 15 minutes).

algoma central corp (ALC) Snapshot

Open
C$16.46
Previous Close
C$16.47
Day High
C$16.47
Day Low
C$16.40
52 Week High
12/5/14 - C$17.44
52 Week Low
02/4/14 - C$14.65
Market Cap
638.2M
Average Volume 10 Days
9.0K
EPS TTM
C$1.01
Shares Outstanding
38.9M
EX-Date
11/13/14
P/E TM
16.2x
Dividend
C$0.28
Dividend Yield
1.71%
Current Stock Chart for ALGOMA CENTRAL CORP (ALC)

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algoma central corp (ALC) Details

Algoma Central Corporation owns and operates a fleet of dry-bulk carriers and product tankers operating on the Great Lakes-St. Lawrence Waterway. The company operates in four segments; Domestic Dry-Bulk, Product Tankers, Ocean Shipping, and Real Estate. The Domestic Dry-Bulk segment owns and manages 18 self-unloading carriers and 6 gearless bulk carriers in the Great Lakes, St. Lawrence Seaway, and Atlantic Canada to carry various dry bulk products, such as grain, coal and coke, iron ore, salt, and aggregates. This segment also offers ship repair and steel fabrication services. The Product Tankers segment operates seven Canadian flagged tanker vessels to carry petroleum products on the Great Lakes, the St. Lawrence Seaway and Atlantic Canada regions; and one product tanker operates in international markets. The Ocean Shipping segment owns two ocean-going dry-bulk self-unloading vessels; and holds interests in four other self-unloading vessels that trade worldwide. The Real Estate segment is involved in the development, rental, and management of a shopping centre, commercial plazas, a hotel, office buildings, and an apartment building in Sault Ste. Catharines and Waterloo, Ontario. The company was formerly known as Algoma Central Railway and changed its name to Algoma Central Corporation in 1990. Algoma Central Corporation was founded in 1899 and is headquartered in Sault Ste. Marie, Canada.

2,000 Employees
Last Reported Date: 02/25/14
Founded in 1899

algoma central corp (ALC) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: C$454.3K
Chief Financial Officer and Vice President of...
Total Annual Compensation: C$232.8K
Senior Vice President of Commercial
Total Annual Compensation: C$266.8K
Senior Vice President of Technical
Total Annual Compensation: C$266.8K
Vice President of Real Estate
Total Annual Compensation: C$212.5K
Compensation as of Fiscal Year 2013.

algoma central corp (ALC) Key Developments

Algoma Central Corp. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Reports Impairment on Parts and Spares for the Third Quarter of 2014

Algoma Central Corp. reported earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported revenues of $163,950,000 compared to $146,947,000 for the same period in 2013. Most of the increase in revenue was from the Domestic Dry-Bulk segment as a result of strong customer demand and high fleet utilization. The other three segments reported revenues that were similar in both periods. Segment earnings after income taxes were $25,879,000 compared to $29,831,000 for the third quarter in 2013. The decrease was due to an impairment recorded in the quarter relating to a decline in value of major vessel parts and spares and to costs associated with two incidents in the quarter in the Domestic Dry-Bulk segment. Combined, these factors resulted in a $6,433,000 reduction in the Domestic Dry-Bulk segment earnings. Net earnings and basic earnings per share were $24,367,000 and $0.63, respectively, compared to $28,328,000 and $0.73, respectively, for the same period last year. For the nine months, Revenue was $354,021,000 compared to $342,634,000 for the first nine months of 2013. The increase was driven primarily by the Domestic Dry- Bulk segment due to strong customer demand and high fleet utilization. Segment earnings after income taxes were $22,209,000 for the 2014 nine month period compared to $24,573,000 for the first nine months of 2013, reflecting the second quarter results that were below expectations resulting primarily from the poor operating conditions in April and early May and to the third quarter factors mentioned above. These items were partially offset by stronger first quarter results related to lower spending on winter maintenance. The net earnings and basic earnings per share were $17,448,000 and $0.45, respectively, compared to $19,074,000 and $0.49, respectively, for the same period last year. The net earnings for 2014 include a lower net gain on foreign currency translation of $913,000 compared to $2,344,000 for the same period in 2013. The company reported impairment on parts and spares of $2,940,000 for the third quarter ended September 30, 2014.

Algoma Central Corp., Q3 2014 Earnings Call, Nov 06, 2014

Algoma Central Corp., Q3 2014 Earnings Call, Nov 06, 2014

Algoma Central Corporation Authorizes Payment of Quarterly Cash Dividend, Payable on December 1, 2014

The Board of Directors of Algoma Central Corporation has authorized payment of a quarterly cash dividend to shareholders of $0.07 per common share. The cash dividend is payable on December 1, 2014 to shareholders of record on November 17, 2014.

 

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ALC Competitors

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Industry Analysis

ALC

Industry Average

Valuation ALC Industry Range
Price/Earnings 17.1x
Price/Sales 1.2x
Price/Book 1.1x
Price/Cash Flow 7.3x
TEV/Sales 0.4x
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