Last $19.03 USD
Change Today 0.00 / 0.00%
Volume 0.0
HLNFF On Other Exchanges
Symbol
Exchange
Toronto
OTC US
As of 8:10 PM 12/8/14 All times are local (Market data is delayed by at least 15 minutes).

high liner foods inc (HLNFF) Snapshot

Open
$19.03
Previous Close
$19.03
Day High
$19.03
Day Low
$19.03
52 Week High
07/14/14 - $23.35
52 Week Low
12/8/14 - $19.03
Market Cap
625.3M
Average Volume 10 Days
31.6
EPS TTM
--
Shares Outstanding
30.7M
EX-Date
11/27/14
P/E TM
--
Dividend
$0.43
Dividend Yield
1.95%
Current Stock Chart for HIGH LINER FOODS INC (HLNFF)

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high liner foods inc (HLNFF) 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 (HLNFF) 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 (HLNFF) Key Developments

High Liner Foods Inc. Declares Quarterly Dividend, Payable on December 15, 2014; Announces Executive Changes; Announces Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 27, 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 December 15, 2014 to holders of record on December 1, 2014. The company announced that Frank van Schaayk joined the company's Board of Directors. Mr. van Schaayk has extensive food industry experience, including the past twenty-two years in various management roles at McCain Foods where he most recently held the title Regional President of the Americas until recently retiring. The company also shared that Mario Marino, President and COO of its Canadian Operations, has announced his intention to retire and will step down from his position in April 2015. He will remain with the company in an advisory role until the end of 2015. Mr. Marino has added tremendous value to High Liner Foods during his 34 year tenure with the company. A succession plan is in place for Mr. Marino and following a transition period, his position will be filled internally by Jeff O'Neill, who currently holds the position Vice President Sales and Marketing, Retail, Canadian Operations. The company announced unaudited consolidated earnings and operating results for the third quarter and nine months ended September 27, 2014. For the quarter, the company reported sales were USD 246.55 million against USD 216.49 million a year ago. Adjusted EBITDA was USD 18.978 million against USD 22.055 million a year ago. Net income was USD 7.572 million against USD 7.444 million a year ago. Adjusted net income was USD 8.39 million against USD 10.37 million a year ago. Diluted earnings per share were USD 0.24 against USD 0.24 a year ago. Adjusted diluted earnings per share were USD 0.27 against USD 0.33 a year ago. Net cash flows used in operating activities decreased by USD 9.2 million in the third quarter of 2014 to USD 4.0 million compared to net cash provided by operating activities of USD 5.2 million in the same period last year, due to increased net non-cash working capital requirements and less favorable results from operations, partially offset by lower finance costs and income tax payments. For the nine months, the company reported sales were USD 784.72 million against USD 696.55 million a year ago. Adjusted EBITDA was USD 62.9 million against USD 62.66 million a year ago. Net income was USD 24.66 million against USD 22.59 million a year ago. Adjusted net income was USD 29.71 million against USD 29.34 million a year ago. Diluted earnings per share were USD 0.79 against USD 0.72 a year ago. Adjusted diluted earnings per share were USD 0.95 against USD 0.94 a year ago. For the quarter, the company reported sales volume of 70.1 million of pounds against 62.7 million of pounds a year ago. For the nine months, the company reported sales volume of 231 million of pounds against 206.9 million of pounds a year ago.

High Liner Foods Inc., Q3 2014 Earnings Call, Nov 07, 2014

High Liner Foods Inc., Q3 2014 Earnings Call, Nov 07, 2014

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.

 

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HLNFF

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Valuation HLNFF Industry Range
Price/Earnings 18.0x
Price/Sales 0.6x
Price/Book 3.0x
Price/Cash Flow 17.7x
TEV/Sales 0.2x
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