Geopolitics Alpha

High Liner Foods Incorporated (HLF) Q3 Adjusted EBITDA Rose to $41.5M, Including $21.8M in Tariff Recoveries

Published . Updated .

Key takeaways

  • Q3 sales rose 15.8% to $288.0M from $248.6M a year earlier.
  • Exposed: CAT, DE, WMT, NKE, XLI
  • Market reaction: price tracking starts with the next trading session.

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High Liner Foods Incorporated (HLF) Q3 Adjusted EBITDA Rose to $41.5M, Including $21.8M in Tariff Recoveries

Q3 sales rose 15.8% to $288.0M from $248.6M a year earlier. Adjusted EBITDA was $41.5M versus $15.2M, including $21.8M in tariff recoveries; the company expects 2026 Adjusted EBITDA growth excluding tariff recoveries.Material DetailsContext by AI AnalystThese results arrive amid

Directly affected

  • HLF Herbalife+17.4% 7d

    Named in this report.

Indirectly affected

  • XLI Industrial Select Sector SPDR+0.5% 30d

    Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.

  • XRT SPDR S&P Retail ETF

    SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story.

  • QQQ Invesco QQQ-9.8% 30d

    Invesco QQQ: it holds the big tech and AI names. Linked by “ai” (AI and big tech) in this story.

  • CAT Caterpillar-27.9% 30d

    Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • DE Deere+0.1% 30d

    Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • WMT Walmart+20.2% 30d

    Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • NKE Nike+8.2% 30d

    Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story.

  • MSFT Microsoft+4.0% 30d

    Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “ai” (AI and big tech) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
HLF-4.18%+0.93%baseafter closeafter closeafter closeafter close
XLI-4.94%-1.22%baseafter closeafter closeafter closeafter close
XRT-1.37%+0.47%baseafter closeafter closeafter closeafter close
QQQNo price data for this ticker———————
CAT-8.01%-0.49%baseafter closeafter closeafter closeafter close
DE-4.00%-0.02%baseafter closeafter closeafter closeafter close
WMT+1.59%-0.08%baseafter closeafter closeafter closeafter close
NKE+3.21%+4.04%baseafter closeafter closeafter closeafter close
MSFTNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

High Liner Foods Incorporated (HLF) Q3 Adjusted EBITDA Rose to $41.5M, Including $21.8M in Tariff Recoveries TradingView

Source: TradingView

The price since 11 Nov 2026: Caterpillar (CAT) versus the S&P 500

CompanyWhenMoveStatus
Caterpillar (CAT)three days earlier-0.49%final price
Caterpillar (CAT)five days earlier-8.01%final price
Deere (DE)three days earlier-0.02%final price
Deere (DE)five days earlier-4.00%final price
HLFthree days earlier+0.93%final price
HLFfive days earlier-4.18%final price
Nike (NKE)three days earlier+4.04%final price
Nike (NKE)five days earlier+3.21%final price
Walmart (WMT)three days earlier-0.08%final price
Walmart (WMT)five days earlier+1.59%final price
Select Sector Spdr Tr (XLI)three days earlier-1.22%final price
Select Sector Spdr Tr (XLI)five days earlier-4.94%final price
Spdr Series Trust (XRT)three days earlier+0.47%final price
Spdr Series Trust (XRT)five days earlier-1.37%final price

Trades by members of Congress and officials in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Caterpillar (CAT)

Companies carried with this story

  • CAT Caterpillar

    Caterpillar (CAT) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “High Liner Foods Incorporated (HLF) Q3 Adjusted EBITDA Rose to $41.5M, Including $21.8M in Tariff Recoveries.” Reason on file: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

  • DE Deere

    In “High Liner Foods Incorporated (HLF) Q3 Adjusted EBITDA Rose to $41.5M, Including $21.8M in Tariff Recoveries,” Deere (DE) is linked, with no stored direction, medium confidence. Reason on file: Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

  • WMT Walmart

    Walmart (WMT) is linked, with no stored direction, medium confidence in the 11 Nov 2026 story “High Liner Foods Incorporated (HLF) Q3 Adjusted EBITDA Rose to $41.5M, Including $21.8M in Tariff Recoveries.” Reason on file: Walmart (variety stores): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

  • NKE Nike

    For “High Liner Foods Incorporated (HLF) Q3 Adjusted EBITDA Rose to $41.5M, Including $21.8M in Tariff Recoveries,” Nike (NKE) is linked, with no stored direction, medium confidence. Reason on file: Nike (rubber and plastics footwear): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

  • XLI Select Sector Spdr Tr

    For “High Liner Foods Incorporated (HLF) Q3 Adjusted EBITDA Rose to $41.5M, Including $21.8M in Tariff Recoveries,” Select Sector Spdr Tr (XLI) is linked, with no stored direction, medium confidence. Reason on file: Industrial Select Sector SPDR: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

  • XRT Spdr Series Trust

    For “High Liner Foods Incorporated (HLF) Q3 Adjusted EBITDA Rose to $41.5M, Including $21.8M in Tariff Recoveries,” Spdr Series Trust (XRT) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Retail ETF: it holds companies hit by import costs and trade rules. Linked by “tariff” (tariffs and trade) in this story

Caterpillar (CAT)

“High Liner Foods Incorporated (HLF) Q3 Adjusted EBITDA Rose to $41.5M, Including $21.8M in Tariff Recoveries” (11 Nov 2026) reaches Caterpillar (CAT) through this story.

The link for Caterpillar (CAT) is this: Caterpillar (construction machinery and equip): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

Also listed, Deere (DE): Deere (farm machinery and equipment): importers and exporters pay or lose sales when tariffs change. Linked by “tariff” (tariffs and trade) in this story

Price levels for Caterpillar (CAT)

CAT traded between 550.88 and 770.00 across 20 sessions. The latest close on file is 584.51. DE traded between 625.97 and 697.00 across 20 sessions. The latest close on file is 687.60. WMT traded between 108.59 and 130.92 across 20 sessions. The latest close on file is 129.23.

A simple score for Caterpillar (CAT)

46 out of 100

“High Liner Foods Incorporated (HLF) Q3 Adjusted EBITDA Rose to $41.5M, Including $21.8M in Tariff Recoveries” scores 46 out of 100. The score uses 1 sources, and 6 linked companies.