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Clearwater Seafoods Inc (CLR.TO)

CLR.TO on Toronto Stock Exchange

10.51CAD
22 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Clearwater reports qtrly earnings per share $0.13
Wednesday, 8 Mar 2017 09:26am EST 

Clearwater Seafoods Inc : Clearwater reports 2016 full year results and positive outlook for 2017 . Clearwater Seafoods- Inventory levels increased during Q3, Q4 2016 to higher than anticipated levels following successful harvesting in clam fleet . Qtrly earnings per share $0.13 . Clearwater Seafoods Inc qtrly adjusted earnings per share $0.01 . Q4 sales C$165.7 million versus C$165.5 million .Clearwater Seafoods Inc - "Global demand for seafood is outpacing supply, creating favorable market dynamics for vertically integrated producers".  Full Article

Clearwater Qtrly adjusted earnings per share $0.02
Thursday, 4 Aug 2016 10:38am EDT 

Clearwater Seafoods Inc : Clearwater reports second quarter results supporting positive outlook for 2016 . Qtrly earnings per share $0.16 . Qtrly adjusted earnings per share $0.02 . Clearwater Seafoods Inc says Q2 sales and adjusted EBITDA of $140.2 million and $27.5 million representing growth rates of 20% and 24% respectively . Clearwater Seafoods Inc says Board of Directors approved and declared a dividend of $0.05 per share ."Supply of wild seafood is limited and is expected to continue to lag behind growing global demand".  Full Article

Clearwater Seafoods announces $35 mln bought deal public offering
Tuesday, 31 May 2016 08:01am EDT 

Clearwater Seafoods Inc : Announces $35 million bought deal public offering and concurrent $15 million non-brokered private placement . Offering 2.5 million common shares from treasury of company, at a price of $13.90 per share .Net proceeds of offering and concurrent placement will be used for repayments on revolving debt facilities.  Full Article

Clearwater Seafoods Inc posts Q1 adj. earnings $0.04/shr
Tuesday, 17 May 2016 08:37am EDT 

Clearwater Seafoods Inc : Clearwater reports record first quarter results supporting positive outlook for 2016 . Q1 sales of $116.2 million, up 54 pct . Q1 sales and gross margin helped by strong market demand in all regions as well as higher selling prices . Qtrly earnings per share $0.24 . Qtrly adjusted earnings per share $0.04 . "global demand for seafood is outpacing supply" ."supply of wild seafood is limited and is expected to continue to lag behind growing global demand".  Full Article

Clearwater Seafoods Inc announces Chief Financial Officer succession
Thursday, 3 Mar 2016 08:16am EST 

Clearwater Seafoods Inc:Says Bob Wight will retire later this year.Teresa Fortney will be appointed Vice President Finance and Chief Financial Officer, effective March 24.  Full Article

Clearwater Seafoods Inc to acquire Macduff Shellfish Group
Friday, 9 Oct 2015 07:43am EDT 

Clearwater Seafoods Inc:Says deal expected to be accretive in 2016 to adjusted earnings of cad $0.17 on a per share basis.clearwater seafoods to acquire macduff shellfish group, one of europe's leading wild shellfish companies.Deal for gbp 94.4 mln.Deal includes approximately £4 million in seasonal working capital debt for a total of £98.4 million.Says there may be additional consideration paid in the future dependent upon on the future performance of macduff.For the year ended september 30, 2015 macduff is expected to generate approximately £52 million of sales.Entered into agreement with beaton family and change capital partners to acquire 100% shares of macduff shellfish group limited.Says will finance the cash portion of the acquisition from existing loan facilities.For the year ended september 30, 2015 macduff is expected to generate £9.2 million of adjusted ebitda.Macduff will be acquired for cash consideration of £71.4 mln, unsecured deferred consideration obligation of £27 mln.Transaction is expected to be accretive to adjusted ebitda in 2016 by up to cad $0.38 per share.Financing with unsecured deferred consideration obligation of £27 million that includes contingent consideration component.  Full Article

Clearwater Seafoods Inc declares quarterly dividend
Tuesday, 4 Aug 2015 09:45am EDT 

Clearwater Seafoods Inc:Says that it has approved and declared a quarterly dividend of C$0.04 per share.Says this is payable on Sept. 2, 2015 to shareholders of record as of Aug. 19, 2015.  Full Article

Clearwater Seafoods Inc announces closing of $46 million bought deal financing and concurrent $15 million non-brokered private placement
Tuesday, 30 Jun 2015 10:53am EDT 

Clearwater Seafoods Inc:Completes issuance to public, on a bought deal basis, of an aggregate of 3,755,900 common shares.Says shares were offered at a price of $12.25 per Share for gross proceeds to Clearwater of approximately $46 million.Syndicate of investment dealers was led by Cormark Securities Inc. and included Beacon Securities Limited and Scotia Capital Inc.Completed a non-brokered private placement with certain existing shareholders for approximately $15 million, resulting in total gross proceeds from the offering of approximately $61 million.Net proceeds of the offering will be used for growth opportunities and general working capital and, pending use of such proceeds, will be invested in accordance with the Company's investment policy guidelines as approved by the Company's board of directors.Net proceeds may be used to repay balances on revolving credit facilities of the Company or Clearwater Seafoods Limited Partnership outstanding from time to time.  Full Article

Clearwater Seafoods Incorporated declares quarterly dividend
Thursday, 30 Apr 2015 03:32pm EDT 

Clearwater Seafoods Incorporated:Declared a quarterly dividend of C$0.04 per share.Payable on May 28 to shareholders of record as of May 13.  Full Article

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BRIEF-Clearwater reports qtrly earnings per share $0.13

* Clearwater reports 2016 full year results and positive outlook for 2017