ALLETE is a 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.

Company Growth (employees)
Type
Public
HQ
Duluth, US
Founded
1906
Size (employees)
1,963 (est)
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 Financials and Metrics

Allete Financials

Allete's revenue was reported to be $1.3 b in FY, 2016
USD

Revenue (Q3, 2017)

362.5 m

Net income (Q3, 2017)

44.9 m

EBIT (Q3, 2017)

69 m

Market capitalization (13-Nov-2017)

3.9 b

Cash (30-Sep-2017)

104.4 m

EV

5.3 b
Allete's current market capitalization is $3.9 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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

251 m296.5 m260.7 m288.9 m320 m323.3 m462.5 m333.8 m314.8 m349.6 m365.6 m353.3 m362.5 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%
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

164.5 m44.6 m83.6 m150.5 m72.1 m60.6 m103 m97 m91.9 m107.2 m81.8 m84.2 m104.4 m

Accounts Receivable

79.9 m97.4 m78.9 m82.4 m111.8 m103.9 m110.7 m124.8 m113.6 m108.1 m122.8 m120.1 m136.7 m

Inventories

64.7 m68.9 m75.3 m71.6 m102.7 m107.8 m119.1 m116 m110.4 m107.4 m

Current Assets

369 m269.4 m293.5 m357.8 m390 m330.6 m403.3 m379.3 m354.3 m361.6 m360.6 m346.5 m387.9 m
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

71.7 m33.8 m50.7 m92.3 m40.1 m62.4 m122.7 m46.4 m71.2 m111.5 m49 m85.9 m130.8 m

Depreciation and Amortization

86.3 m32.2 m66 m99.5 m38.4 m78.7 m120.7 m46.8 m94.2 m141.8 m49.2 m97.9 m147.4 m

Accounts Receivable

8.2 m2.9 m21 m16.9 m7.8 m17.3 m11.6 m(4.2 m)6.5 m10.6 m100 k2.4 m(9.6 m)

Inventories

5.1 m(6.5 m)(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)800 k5.3 m
Y, 2017

EV/EBIT

77.5 x

Financial Leverage

2.4 x
Show all financial metrics

Allete Market Value History

Allete's Web-traffic and Trends

Allete Online and Social Media Presence

Allete Company Life and Culture

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