High Liner Foods Inc. announced that it will invest $6.6 million to further modernize and expand its manufacturing facility in Newport News, Va., increasing production to meet customer demand for products from its leading U.S. foodservice brands. As part of this expansion, High Liner will create 57 new jobs to support the expanded production capabilities. The company acquired Icelandic Group's U.S. and Asian operations, including the 240,000-square-foot Newport News facility, in December 2011. The Newport News expansion project includes new equipment and systems to expand production and process capabilities, while also improving efficiencies. High Liner also operates processing facilities in Malden, MA, Portsmouth, NH, and Lunenburg, Nova Scotia.

High Liner Foods Inc. announced earnings results for the first quarter ended March 30, 2013. For the quarter, the company reported sales of $275,162,000 against $287,6580,000 for the same period a year ago. Adjusted EBITDA was $21,298,000 against $31,529,000 for the same period a year ago. Net income was $5,264,000 or $0.34 per diluted share against $1,728,000 or $0.11 per diluted share for the same period a year ago. Adjusted net income was $9,786,000 or $0.63 per diluted share against $14,009,000 or $0.91 per diluted share for the same period a year ago. The decrease in Adjusted EBITDA resulted from lower sales volume, higher distribution, production expenses and lower margins on some commodity products as declines in commodity selling prices outpaced input cost declines, and increased marketing costs.

The Board of Directors of High Liner Foods Inc. approved a quarterly dividend of CAD 0.18 per common share payable on June 15, 2013 to shareholders of record on June 1, 2013. This represents a 20% increase from the CAD 0.15 per-share quarterly dividend paid on March 15, 2013, reflecting the Board's continued confidence in the company's operations, and the fifth dividend increase over the last 11 quarters.