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High Liner Foods Inc (TSE:HLF)
TSX:HLF
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.32Last Year’s EPS
0.33Same Quarter Last Year
Based on 1 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 08, 2018
|% Change Since: 21.70%
|Next Earnings Date:Aug 14, 2018
Earnings Call Sentiment|Neutral
The earnings call reflected a balanced outlook with positive developments in adjusted EBITDA growth, dividend increase, and successful refinancing efforts. However, these were offset by declines in sales volume, continued market challenges, and consumer pullback, creating a mixed overall picture.Company Guidance
During High Liner Foods' Q3 2024 earnings call, the company reported several key financial metrics and strategic initiatives. The company experienced a 6.9% decrease in sales volume, down by 4.2 million pounds to 56.8 million pounds, and an 11.9% decline in sales to $228.9 million, reflecting challenging market conditions. Despite these declines, adjusted EBITDA increased by 7.5% to $21.5 million, supported by lower raw material costs and normalized inventory levels. Gross profit as a percentage of sales improved by 200 basis points to 21.1%, from 19.1% in Q3 2023. The company successfully refinanced its Term Loan B, resulting in interest savings, and reported net debt decreased by $10.3 million to $239.6 million. High Liner Foods increased its dividend by 13.3% and plans to expand its share buyback program, reflecting confidence in its financial resilience and strategy. As part of its focus on growth, the company is leveraging product innovation and strategic distribution gains in both retail and food service sectors to drive recovery amidst ongoing market headwinds.Adjusted EBITDA Growth
Increased adjusted EBITDA by 7.5% or $1.5 million for the quarter, and gross profit as a percentage of sales grew by 200 basis points.
Dividend Increase
Increased dividend by 13.3%, marking the fifth consecutive year of dividend increases.
Term Loan B Refinancing
Completed refinancing of Term Loan B ahead of schedule, resulting in interest savings and demonstrating confidence from the lender community.
Growth in Alternative Species
Continued growth in Southern Blue Whiting in both U.S. and Canada, supporting value-based consumer demand.
Net Debt Reduction
Net debt decreased by $10.3 million to $239.6 million, with the lowest levels seen in more than 10 years.
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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 |
|---|---|---|---|
| Nov 08, 2024 | C$13.04 | C$13.22 | +1.38% |
| Aug 07, 2024 | C$12.75 | C$13.17 | +3.29% |
| May 14, 2024 | C$12.86 | C$12.67 | -1.48% |
| Feb 21, 2024 | C$11.52 | C$12.33 | +7.03% |
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 Feb 26, 2025, TBA Not Confirmed.
What is High Liner Foods Inc (TSE:HLF) earnings time?
High Liner Foods Inc (TSE:HLF) earnings time is at Feb 26, 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 2024 (Q4) is 0.32.
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