Clearwater Reports 2016 Results and Positive Outlook for 2017
SEAFOODNEWS.COM [SeafoodNews] - March 8, 2017
HALIFAX -- Today Clearwater Seafoods reported its full year results for 2016, including sales growth of 21 percent over 2015. Sales for the full year were listed at $611.6 million, compared to 504.9 million from 2015.
Earnings before interest, taxes, depreciation and amortization (EBITDA) was $120.9 million for 2016, compared to $109.7 million for 2015. This marks Clearwater's seventh consecutive year of top and bottom line growth.
Sales and adjusted EBITDA were positively impacted by strong sales prices for scallops...
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