ALLETE is well-positioned as a reliable provider of competitively-priced energy in the upper Midwest, and has a strategic investment in the American Transmission Company. ALLETE's Minnesota Power electric utility serves 144,000 residents, 16 municipalities and some of the nation's largest industrial customers. Other businesses include BNI Coal in North Dakota, ALLETE Clean Energy, a developer of energy projects with limited environmental impact, and ALLETE Properties, which owns 10,000 acres of real estate in northeast Florida. Would you like to work for a company with Boundless Opportunities? Then your future may be at ALLETE! We have career opportunities at various locations throughout northern, eastern and central Minnesota, Western Wisconsin, and North Dakota.

Type
Public
HQ
Duluth, US
Founded
1906
Size (employees)
1,963 (est)+3%
Website
allete.com
Allete was founded in 1906 and is headquartered in Duluth, US

Allete Office Locations

Allete has offices in Duluth, Bismarck, Saint Michael and Salem
Duluth, US (HQ)
30 W Superior St
Saint Michael, US
12270 43rd St Ne
Bismarck, US
1637 Burnt Boat Dr

Allete Data and Metrics

Allete Financial Metrics

Allete's revenue was reported to be $365.6 m in Q1, 2017
USD

Revenue (Q1, 2017)

365.6 m

Gross profit (Q1, 2017)

330.4 m

Gross profit margin (Q1, 2017), %

90%

Net income (Q1, 2017)

49 m

EBIT (Q1, 2017)

72.6 m

Market capitalization (25-Jul-2017)

3.6 b

Cash (31-Mar-2017)

81.8 m
Allete's current market capitalization is $3.6 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

1 b1.1 b1.5 b1.3 b

Revenue growth, %

12%31%(10%)

Cost of goods sold

71.2 m77.9 m302.3 m144.7 m

Gross profit

947.2 m1.1 b1.2 b1.2 b

Gross profit Margin, %

93%93%80%89%

Operating expense total

864.3 m948 m1.3 b1.1 b

EBIT

154.1 m18.9 m210.7 m223.5 m

EBIT margin, %

15%2%14%17%

Interest expense

50.3 m54.8 m64.9 m(70.3 m)

Pre tax profit

133.4 m162.2 m166.8 m

Income tax expense

28.7 m36.7 m25.3 m19.8 m

Net Income

104.7 m125.5 m141.5 m155.8 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

260.7 m288.9 m320 m323.3 m462.5 m333.8 m314.8 m349.6 m365.6 m

Cost of goods sold

31.2 m52.3 m149.8 m33.3 m33.4 m46.4 m35.2 m

Gross profit

288.8 m271 m312.7 m300.5 m281.4 m303.2 m330.4 m

Gross profit Margin, %

90%84%68%90%89%87%90%

EBIT

28.2 m60.8 m56.4 m39.5 m85.2 m66.8 m42.2 m53.4 m72.6 m

EBIT margin, %

11%21%18%12%18%20%13%15%20%

Net Income

50.7 m92.3 m40.1 m62.4 m122.7 m46.4 m71.2 m111.5 m49 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

97.3 m145.8 m97 m27.5 m

Accounts Receivable

96.3 m103 m121.2 m122.5 m

Inventories

59.3 m80.5 m117.1 m

Current Assets

307 m418.8 m371 m294.5 m

PP&E

2.6 b3.3 b

Total Assets

3.5 b4.4 b4.9 b4.9 b

Accounts Payable

99.9 m134.1 m88.8 m74 m

Total Debt

1.1 b1.4 b1.6 b1.6 b

Current Liabilities

230.2 m416 m275.4 m399.5 m

Total Liabilities

3 b

Retained Earnings

489.1 m530.1 m573.3 m625.9 m

Total Equity

1.3 b1.6 b1.8 b1.9 b

Debt to Equity Ratio

0.8 x0.9 x0.9 x0.8 x

Debt to Assets Ratio

0.3 x0.3 x0.3 x0.3 x

Financial Leverage

2.6 x2.7 x2.7 x2.6 x
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

83.6 m150.5 m72.1 m60.6 m103 m97 m91.9 m107.2 m81.8 m

Accounts Receivable

78.9 m82.4 m111.8 m103.9 m110.7 m124.8 m113.6 m108.1 m122.8 m

Inventories

75.3 m71.6 m102.7 m107.8 m119.1 m116 m110.4 m107.4 m

Current Assets

293.5 m357.8 m390 m330.6 m403.3 m379.3 m354.3 m361.6 m360.6 m

PP&E

3 b3.1 b3.3 b

Total Assets

3.9 b4.1 b4.6 b4.7 b4.9 b4.9 b4.9 b4.9 b4.9 b

Accounts Payable

93.2 m92.7 m98.9 m94.8 m125 m58.8 m64.8 m72.6 m59.2 m

Current Liabilities

213.4 m286.8 m402 m401 m317.7 m224.2 m271.6 m404.3 m364.6 m

Retained Earnings

497.7 m518.6 m545.1 m543 m578.8 m593.5 m592.8 m607.3 m648 m

Total Equity

1.4 b1.5 b1.8 b1.8 b1.8 b1.9 b1.9 b1.9 b2 b

Financial Leverage

2.7 x2.7 x2.6 x2.6 x2.7 x2.6 x2.6 x2.6 x2.5 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

104.7 m125.5 m141.5 m155.8 m

Depreciation and Amortization

116.6 m135.7 m165.9 m190.6 m

Accounts Receivable

(8.6 m)(3.5 m)1.1 m(4.7 m)

Inventories

10.5 m(18 m)(22 m)13.3 m

Accounts Payable

1.1 m10.9 m(19.3 m)6.5 m

Cash From Operating Activities

16.5 m48.5 m(48.8 m)

Purchases of PP&E

(328.5 m)(572.8 m)(286.8 m)(265.6 m)

Long-term Borrowings

(54.8 m)
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

50.7 m92.3 m40.1 m62.4 m122.7 m46.4 m71.2 m111.5 m49 m

Depreciation and Amortization

66 m99.5 m38.4 m78.7 m120.7 m46.8 m94.2 m141.8 m49.2 m

Accounts Receivable

21 m16.9 m7.8 m17.3 m11.6 m(4.2 m)6.5 m10.6 m100 k

Inventories

(12.9 m)(9.2 m)(8.8 m)(13.4 m)(24.1 m)1.1 m6.7 m9.7 m(6.3 m)

Accounts Payable

(11 m)(1.2 m)(14 m)(25.6 m)(4.2 m)1.3 m600 k(11.3 m)

Purchases of PP&E

(333.9 m)(467.8 m)(88.2 m)(140.5 m)(208.2 m)(42.4 m)(74.8 m)(119.5 m)(36.7 m)

Long-term Borrowings

(3.4 m)(81.8 m)(26.6 m)(32.1 m)(50.7 m)(26.3 m)
USDY, 2017

Revenue/Employee

186.2 k

Financial Leverage

2.5 x

Allete Market Value History

Allete Online and Social Media Presence

Allete Company Life and Culture

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