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High Liner Foods Inc (TSE:HLF)
TSX:HLF
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.74Last Year’s EPS
0.79Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 6.10%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
High Liner Foods demonstrated strong operational performance with increased sales volume and adjusted EBITDA, along with effective cash flow management. However, the company faced challenges in the foodservice segment and a decrease in net income, along with currency impacts. Despite these challenges, strategic investments and reduced net debt indicate a positive outlook.Company Guidance
During the High Liner Foods fourth quarter 2024 conference call, numerous metrics were highlighted that reflect the company's performance and guidance. The company reported a 1.3% increase in volume over Q4 2023 and an 8.7% rise in adjusted EBITDA year-over-year. For fiscal 2024, High Liner Foods generated $90.6 million in free cash flow from operating activities. The fourth quarter sales volume increased by 0.8 million pounds to 60.4 million pounds, while sales decreased slightly by $2.1 million to $235 million. Gross profit improved by $2.3 million to $51 million, with gross profit as a percentage of sales rising to 21.7%. Adjusted net income surged by 71.2% to $12.5 million. Net debt was reduced by $16.7 million to $233.2 million, with a net debt to adjusted EBITDA ratio of 2.3 times. Looking forward, the company plans to maintain financial flexibility to invest in strategic growth while managing potential macroeconomic headwinds such as tariffs, with a continued focus on volume growth and profitability.Increase in Sales Volume and Adjusted EBITDA
Sales volume increased by 1.3% to 60.4 million pounds in Q4 2024, with an 8.7% increase in adjusted EBITDA compared to the fourth quarter of the previous year.
Strong Free Cash Flow
High Liner Foods generated a total of $90.6 million in free cash flow from operating activities for the full fiscal year of 2024.
Decreased Net Debt
Net debt at the end of Q4 2024 decreased by $16.7 million to $233.2 million compared to $249.9 million at the end of fiscal 2023.
Strategic Investments in Aquaculture
Investment of approximately $6 million in Norcod and $10 million in Andfjord to support sustainable aquaculture growth.
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TSE:HLF Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:HLF Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | C$15.58 | C$16.55 | +6.23% |
| Nov 08, 2024 | C$12.91 | C$13.08 | +1.32% |
| Aug 07, 2024 | C$12.62 | C$13.03 | +3.25% |
| May 14, 2024 | C$12.72 | C$12.53 | -1.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does High Liner Foods Inc (TSE:HLF) report earnings?
High Liner Foods Inc (TSE:HLF) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is High Liner Foods Inc (TSE:HLF) earnings time?
High Liner Foods Inc (TSE:HLF) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:HLF EPS forecast?
TSE:HLF EPS forecast for the fiscal quarter 2025 (Q1) is 0.74.
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