{"url":"https://newsforagent.com/news/2026-11-11/high-liner-foods-q3-adjusted-ebitda","markdown_url":"https://newsforagent.com/news/2026-11-11/high-liner-foods-q3-adjusted-ebitda.md","title":"High Liner Foods Q3 Adjusted EBITDA Rises to $41.5 Million","headline":"High Liner Foods Q3 Adjusted EBITDA Reaches $41.5 Million on $21.8 Million in Tariff Recoveries","description":"High Liner Foods posted Q3 sales of $288.0 million and adjusted EBITDA of $41.5 million, including $21.8 million in tariff recoveries.","section":"Earnings & Results","published_at":"2026-11-11T22:30:49+00:00","modified_at":"2026-11-11T22:30:49+00:00","author":"News Desk","key_takeaways":["High Liner Foods reported Q3 sales of $288.0 million, up 15.8% from $248.6 million a year earlier.","Adjusted EBITDA was $41.5 million versus $15.2 million, including $21.8 million in tariff recoveries.","The company expects 2026 adjusted EBITDA growth excluding tariff recoveries, with the Umios acquisition pending."],"companies":[{"name":"High Liner Foods","is_primary":true,"profile_url":"https://akta.pro/company-profiles/0006k1j/high-liner-foods","website":"http://www.highlinerfoods.com"}],"source":{"publisher":"TradingView","title":"High Liner Foods Incorporated (HLF) Q3 Adjusted EBITDA Rose to $41.5M, Including $21.8M in Tariff Recoveries","url":"https://www.tradingview.com/news/tradingview:8416739718d87:0-high-liner-foods-incorporated-hlf-q3-adjusted-ebitda-rose-to-41-5m-including-21-8m-in-tariff-recoveries/"},"other_sources":[],"tags":["Earnings & Results","High Liner Foods"],"body_markdown":"High Liner Foods reported third-quarter sales of $288.0 million, up 15.8% from $248.6 million a year earlier, and adjusted EBITDA of $41.5 million versus $15.2 million, including $21.8 million in tariff recoveries, according to [TradingView](https://www.tradingview.com/news/tradingview:8416739718d87:0-high-liner-foods-incorporated-hlf-q3-adjusted-ebitda-rose-to-41-5m-including-21-8m-in-tariff-recoveries/). The company said it expects 2026 adjusted EBITDA growth excluding tariff recoveries.\n\n## High Liner's Q3 Sales and Profit Gains\n\nGross profit was $71.9 million versus $46.3 million, a figure that included the tariff recoveries; excluding them, gross profit rose approximately $3.8 million year over year. Net income was $26.6 million versus $4.8 million, a result that also benefited from an insurance recovery and other items. Higher volume and inflation-linked pricing lifted sales, the report said.\n\n[High Liner Foods](https://akta.pro/company-profiles/0006k1j/high-liner-foods) is a North American value-added frozen seafood processor and marketer founded in 1899 and listed on the TSX. It sells branded frozen seafood including High Liner, Sea Cuisine, Mrs. Paul's and Van de Kamp's through retail anchors such as Kroger and Costco and a foodservice channel serving operators and distributors.\n\nThe board approved a quarterly cash dividend of CAD $0.175 per share, payable December 15 to holders of record December 1, 2026.\n\n## High Liner's Umios Offer and Dividend\n\nThe results arrive amid the pending Umios acquisition, following an announced cash offer of CAD $27.00 per share. Shareholder, court and regulatory approvals and closing are expected in the first quarter of 2027.\n\n## High Liner's Earlier Cost and Product Moves\n\nIn April 2026, High Liner announced a reduction of about 9% of its North American workforce, roughly 35 employees, in response to margin pressures from inflation, tariffs and rising input costs, according to akta.pro [company records](https://akta.pro/company-data). In March 2026, the company launched its Sea Cuisine Skillet Meals line at Seafood Expo North America 2026, with a U.S. launch in June 2026 and broader North American distribution to follow, the same records show.\n\nIn February 2026, the Sea Cuisine brand partnered with Guinness to launch Guinness Battered Fish Strips and Shrimp, distributed through 1,500 Kroger stores and Costco warehouses in the United States.\n\n## High Liner's Union Deal in Nova Scotia\n\nUnifor members at High Liner Foods in Lunenburg, Nova Scotia, ratified a new collective agreement with 80% support, [Newswire](https://akta.pro/news-signals) reported on November 10, 2026. The deal includes general wage increases of 3.5% in the first year and 3% in the second and third years, plus improvements to sick days and safety allowances.\n\n## What Comes Next for High Liner\n\nHigh Liner said it expects 2026 adjusted EBITDA growth excluding tariff recoveries. The Umios acquisition remains subject to shareholder, court and regulatory approvals, with closing expected in the first quarter of 2027.\n","publisher":{"name":"News for Agent","url":"https://newsforagent.com"}}