Last C$20.94 CAD
Change Today -0.24 / -1.13%
Volume 41.0K
HLF On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 4:00 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

high liner foods inc (HLF) Snapshot

Open
C$21.34
Previous Close
C$21.18
Day High
C$21.37
Day Low
C$20.94
52 Week High
08/7/14 - C$25.49
52 Week Low
08/27/13 - C$17.26
Market Cap
679.6M
Average Volume 10 Days
80.2K
EPS TTM
C$1.19
Shares Outstanding
30.7M
EX-Date
08/28/14
P/E TM
17.6x
Dividend
C$0.42
Dividend Yield
1.84%
Current Stock Chart for HIGH LINER FOODS INC (HLF)

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high liner foods inc (HLF) Details

High Liner Foods Incorporated processes and markets frozen seafood in North America. The company offers a range of frozen seafood products, including raw fillets and shellfish, cooked shellfish, and value-added products, such as sauced, glazed, and breaded and battered seafood, as well as seafood entrees. It produces breaded cheese sticks and breaded chicken. The company offers its products under the High Liner, FPI, Mirabel, Sea Cuisine, Fisher Boy, Viking, Icelandic Seafood, Samband of Iceland, and American Pride Seafoods brands. It is also involved in the scallop processing business. High Liner Foods Incorporated sells its products directly, as well as through distributors to retail and club stores, hotels, restaurants, and health care and educational organizations. The company was founded in 1899 and is headquartered in Lunenburg, Canada.

1,540 Employees
Last Reported Date: 02/19/14
Founded in 1899

high liner foods inc (HLF) Top Compensated Officers

Chief Executive Officer, Director and Member ...
Total Annual Compensation: $620.8K
President and Chief Operating Officer
Total Annual Compensation: $407.9K
President of Canadian Operations and Chief Op...
Total Annual Compensation: $336.9K
Executive Vice President of Global Procuremen...
Total Annual Compensation: $298.1K
Compensation as of Fiscal Year 2013.

high liner foods inc (HLF) Key Developments

High Liner Foods Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Year 2014

High Liner Foods Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported sales increased by $30.6 million, or 14.9%, to $235.5 million compared to $204.9 million (the American Pride Acquisition added $32.1 million in sales). Sales in domestic currency increased in the second quarter of 2014 by $36.0 million, or 17.4%, to $242.6 million compared to $206.6 million (excluding $32.1 million in sales from the American Pride Acquisition, sales in domestic currency increased in the second quarter of 2014 by $3.9 million, or 1.9%). Adjusted EBITDA decreased in the second quarter of 2014 by $2.6 million, or 13.5%, to $16.7 million compared to $19.3 million (the American Pride Acquisition added $0.3 million in Adjusted EBITDA). Net income decreased by $4.7 million, or 47.5%, to $5.2 million or $0.17 per diluted share compared to $9.9 million or $0.32 per diluted share for the same period a year ago. Adjusted net income was decreased by $1.7 million, or 18.5%, to $7.5 million or $0.24 per diluted share compared to $9.2 million or $0.30 per diluted share for the same period a year ago. The $4.7 million decrease in net income also reflects: higher financing costs resulting from higher average debt levels and less favourable changes in the valuation of an embedded derivative and interest rate swaps; a $1.6 million increase in stock-based compensation expense; and a lower effective income tax rate. For the six months, the company reported sales increased by $58.1 million, or 12.1%, to $538.2 million compared to $480.1 million (the American Pride Acquisition added $73.5 million in sales). Sales in domestic currency increased in the first half of 2014 by $70.2 million, or 14.6%, to $552.7 million compared to $482.5 million (excluding $73.5 million in sales from the American Pride Acquisition, sales in domestic currency decreased in the first half of 2014 by $3.3 million, or 0.7%). Adjusted EBITDA increased by $3.3 million, or 8.1%, to $43.9 million compared to $40.6 million (the American Pride Acquisition added $2.6 million in Adjusted EBITDA). Net income increased by $2.0 million, or 13.2%, to $17.1 million or $0.55 per diluted share compared to $15.1 million or $0.49 per diluted share for the same period a year ago. Adjusted net income increased by $2.3 million, or 12.1%, to $21.3 million or $0.68 per diluted share compared to $19.0 million or $0.61 per diluted share for the same period a year ago. Net cash flows provided by operating activities decreased by $19.9 million in the second quarter of 2014 to $22.7 million compared to $42.6 million in the same period last year, due to increased net non-cash working capital requirements in 2014, less favourable results from operations, higher finance costs and higher income tax payments, partially offset by lower capital expenditures. The company also reported that as it previously disclosed its strategic goals for 2014 are profitable growth, supply chain optimization and succession planning, and are making progress on initiatives related to achieving these goals. The American Pride integration, which started after Lent, is on track to be completed by the end of this year.

High Liner Foods Inc. Approves Quarterly Dividend, Payable on September 15, 2014

The Board of Directors of High Liner Foods Inc. approved a quarterly dividend of CAD 0.105 per share on the company's common shares payable on September 15, 2014 to holders of record on September 2, 2014.

High Liner Foods Inc., Q2 2014 Earnings Call, Aug 12, 2014

High Liner Foods Inc., Q2 2014 Earnings Call, Aug 12, 2014

 

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HLF

Industry Average

Valuation HLF Industry Range
Price/Earnings 18.1x
Price/Sales 0.6x
Price/Book 3.0x
Price/Cash Flow 17.8x
TEV/Sales 0.3x
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