High Liner Q3 Adjusted EBITDA Nearly Triples on Tariff Refunds; Umios Deal Set for Dec. 15 Vote
High Liner Foods said third-quarter sales rose 15.8% to $288.0 million as volume climbed 5.9%. Adjusted EBITDA jumped 173% to $41.5 million, but most of the gain came from $21.8 million in refunds of IEEPA tariffs the company paid earlier. The results come two weeks after High Liner agreed to be acquired by Tokyo-listed Umios Corp., and one day before the company set a Dec. 15 shareholder vote on the deal.
The Nova Scotia-based frozen seafood...
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