Earnings Call Summary | HIGH LINER FOODS INC(HLNFF.US) Q1 2024 Earnings Conference
Earnings Call Summary | HIGH LINER FOODS INC(HLNFF.US) Q1 2024 Earnings Conference
The following is a summary of the High Liner Foods, Inc. (HLNFF) Q1 2024 Earnings Call Transcript:
以下是High Liner Foods, Inc.（HLNFF）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
High Liner Foods reported a 15.9% decrease in Q1 2024 revenue down to $277 million.
Gross profit also declined by 4.2% to $65.5 million, although gross margin increased 280 basis points to 23.6%.
Adjusted EBITDA rose by 9.6% to $34.2 million with a rise in net cash flows from operating activities to $17.5 million.
Net debt was lowered to $244.7 million, a decrease of $5.2 million by the end of Q1 2024.
High Liner Foods報告稱，2024年第一季度收入下降了15.9％，至2.77億美元。
毛利率也下降了4.2％，至6,550萬美元，儘管毛利率增長了280個點子至23.6％。
調整後的息稅折舊攤銷前利潤增長9.6％，至3,420萬美元，經營活動產生的淨現金流增加至1,750萬美元。
淨負債降至2.447億美元，到2024年第一季度末減少了520萬美元。
Business Progress:
業務進展：
A 13% decrease in sales volume was observed due to factors including a reduced contract manufacturing, a highly competitive retail environment, and an overall soft market within the foodservice.
They maintained their US retail market share while seeing volume growth in their premium Sea Cuisine and C. Wirthy brands.
Planning is underway to enhance promotional activities to strengthen their market position.
Exploring merger and acquisition opportunities to foster growth and sustainable seafood supply is a priority for High Liner.
Despite challenging circumstances, they are on track to deliver year-over-year adjusted EBITDA growth for 2024, aiming to maintain margins amidst rising raw material costs.
由於合同製造減少、零售環境競爭激烈以及餐飲服務整體市場疲軟等因素，銷售量下降了13％。
他們保持了在美國的零售市場份額，同時其優質海鮮和C. Wirthy品牌的銷量有所增長。
正在計劃加強促銷活動，以鞏固其市場地位。
探索併購機會以促進增長和可持續的海鮮供應是High Liner的首要任務。
儘管處境艱難，但他們有望在2024年實現經調整的息稅折舊攤銷前利潤同比增長，目的是在原材料成本上漲的情況下保持利潤率。
More details: HIGH LINER FOODS INC IR
更多詳情： 高線食品公司
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。