Clearwater Reports Third Quarter 2019 Results
Clearwater achieved record year-to-date sales of $449.2 million. Year-over-year adjusted EBITDA growth was 5.6%.
Sales for third quarter and year-to-date grew 6.7% and 3.9% respectively, as compared to the same periods of 2018. Strong harvest conditions, landings and available supply in scallops, clam and langoustines were partially offset by competitive market conditions for scallops, particularly in smaller sizes and FAS shrimp.
Adjusted EBITDA for third quarter and year-to-date was $34.5 million and $84.8 million respectively, as compared to $30.7 million...
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