|Clearwater Seafoods Inc. - CLR.t operates a modern fleet with innovative harvesting practices, designed to ensure seafood products are as fresh and pristine as the moment they were caught.|
Clearwater logistics experts and network of importers and distributors around the globe provide reliable and consistent supply 365 days of the year.
2017 sales and adjusted EBITDA were $621.0 million and $108.6 million versus 2016 comparative results of $611.6 million and $120.9 million.
- Fourth quarter 2017 sales and adjusted EBITDA1 were $174.8 million and $28.5 million versus 2016 comparative results of $165.7 million and $29.5 million.
- Inventory declined $12.6 million for 2017 compared to $22.0 million increase in 2016.
- On February 21st, the Department of Fisheries and Oceans Canada (“DFO“) announced their decision to award an Arctic surf clam harvesting licence. In 2018, we will be making necessary adjustments to the Clam business to protect the hundreds of remaining jobs in the fishery and long-term shareholder value while we continue to pursue our legal options.
- The Board declared a quarterly dividend of $0.05 per share payable on April 2, 2018 to shareholders of record as of March 15, 2018. On February 15, 2018 Clearwater announced the approval of a dividend reinvestment plan (“DRIP”).