Q1 2026 High Liner Foods Inc Earnings Call Transcript

May 14, 2026 / 02:00 PM GMT

Release Date Price: €8.15 (-1.21%)

Transcript

Key Points

Positve

High Liner Foods Inc (HLNFF) reported strong top-line growth in Q1 2026, with sales increasing by 24.8% to $334.9 million.
Sales volume increased by 10.6% to 73 million pounds, driven by the timing of the Lenten period, new contract manufacturing business, and a USDA contract.
The company successfully executed its Lent promotional strategy, resulting in share gains in U.S. Retail and strengthening its market position.
High Liner Foods Inc (HLNFF) saw growth in its premium brands, including SeaQuisine and newly acquired brands from ConAgra, contributing positively to the quarter.
Net cash flows from operating activities increased significantly, resulting in a $25 million inflow compared to a $10.6 million outflow in the same period last year.

Negative

Despite strong sales growth, gross profit as a percentage of sales decreased by 380 basis points to 19.9%, impacted by higher raw material costs and supply chain challenges.
Adjusted EBITDA decreased by 8.7% to $29.3 million, reflecting increased distribution and SG&A expenses.
Net income decreased by 47.7% to $8 million, with diluted earnings per share dropping to $0.27 from $0.51 in the prior year.
The company faced significant operational pressures due to higher-than-expected demand, impacting profitability and delaying margin improvement initiatives.
High Liner Foods Inc (HLNFF) is dealing with global supply constraints, particularly in key whitefish species, affecting fill rates and operational efficiency.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HLF.TO - High Liner Foods Inc
Q1 2026 High Liner Foods Inc Earnings Call
May 14, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Good morning, ladies and gentlemen.

Thank you for standing by. Welcome to the Highliner Foods Incorporated conference call for results of the first quarter of 2026. At this time, all participant lines are in the listen-only mode.

Following management's prepared remarks, we will conduct a question-and-answer session. Instructions will be provided at that time for you to queue up for questions. If anyone has any difficulties hearing the conference, please press star key followed by zero for operator assistance at any time.

This conference call is being recorded today, Thursday, May 14th, 2026 at 10 a.m. Eastern time for replay purposes.

And I would like to turn the call over to Matt McDonald, Vice

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