trending Market Intelligence /marketintelligence/en/news-insights/trending/cPDhPuLQ3FUwcL2KKNXxpQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Clearwater Seafoods swings to profit in fiscal Q1

PODCAST

Episode 5: The Future of Work - The World of Workforce Experience and Productivity

Blog

Needham & Company is Now Available in the S&P Global Market Intelligence Aftermarket Research Collection

Blog

The State of Green Business 2021: Positive Impact

Blog

European subscription OTT video 5-year outlook


Clearwater Seafoods swings to profit in fiscal Q1

Clearwater Seafoods Inc. said its normalized net income for the fiscal first quarter ended April 2 came to 15 Canadian cents per share, compared with a loss of 41 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was C$9.2 million, compared with a loss of C$22.6 million in the year-earlier period.

The normalized profit margin increased to 7.9% from negative 30.0% in the year-earlier period.

Total revenue grew 54.2% year over year to C$116.2 million from C$75.4 million, and total operating expenses climbed 38.8% on an annual basis to C$102.8 million from C$74.1 million.

Reported net income came to C$14.5 million, or 24 cents per share, compared to a loss of C$31.4 million, or a loss of 57 cents per share, in the prior-year period.