Clearwater Seafoods announced its fourth quarter and 2015 financial results on Tuesday reporting record fourth quarter sales and adjusted EBITDA of CAD 165.5 million ($126.9 million/€113.1 million) and CAD 39 million ($29.9 million/€26.7 million), respectively.
Fourth quarter sales grew 38 percent and adjusted EBITDA 51 percent. Excluding the acquisition of Macduff, sales and adjusted EBITDA growth was 16 percent and 34 percent, respectively.
The company attributed the growth to the acquisition of Macduff, strong market demand in all regions, higher selling prices in home currencies and higher average exchange rates for the US dollar.
