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.

Type
Public
HQ
Duluth, US
Founded
1906
Size (employees)
2,017 (est)+3%
Website
allete.com
Allete was founded in 1906 and is headquartered in Duluth, US
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Allete Office Locations

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

Allete Financials

Allete's revenue was reported to be $1.34 b in FY, 2016 which is a 9.9% decrease from the previous period.
USD

Net income (Q1, 2018)

51 m

Market capitalization (21-May-2018)

3.8 b

Closing share price (21-May-2018)

74.8
Allete's current market capitalization is $3.8 b.
Annual
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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

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%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

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
Quarterly
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
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

104.7 m125.5 m141.5 m155.8 m

Depreciation and Amortization

116.6 m135.7 m165.9 m190.6 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
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

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 m51 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

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

Accounts Payable

3.9 m100 k(11 m)(1.2 m)(14 m)(25.6 m)(4.2 m)1.3 m600 k(11.3 m)(12.6 m)(2.6 m)
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