Vancouver / CA. (pbh) Premium Brands Holdings Corporation, a leading producer, marketer and distributor of branded specialty food products, announces record fourth quarter and 2019 sales and adjusted ebitda, a 10 percent dividend increase, three new business investments and guidance for 2020. Highlights:
- Record fourth quarter revenue of USD 959.1 million representing a 13.7 percent or USD 115.2 million increase
as compared to the fourth quarter of 2018 - Organic sales volume growth of 7.4 percent
- Record fourth quarter adjusted Ebitda of USD 75.1 million
- Steady progress on the execution of an exciting pipeline of new growth opportunities in fresh
seafood, artisan sandwiches, premium dry cured meats and meat snacks, with many of these
categories being well positioned to become billion dollar platforms in the coming years - For the year, U.S. based sales increased by 34.7 percent to USD 1.4 billion
- The investment of USD 32.8 million for the acquisitions of Inform Brokerage and Bavarian Meats as
well as the purchase of a 16.67 percent interest in Italy based, La Felinese Salumi - Subsequent to the quarter, the Company increased its quarterly dividend by 10.0 percent to USD 0.5775
per share or USD 2.31 per share annually, from USD 0.525 per share or USD 2.10 per share annually. This
represents the sixth consecutive year of double digit dividend growth
For additional information please read Premium Brands’ PDF file below (285 KB).
20200315-PBC-Q4-2019.