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PREMIUM BRANDS HOLDINGS CORPORATION REPORTS THIRD QUARTER 2021 RESULTS , DECLARES FOURTH QUARTER DIVIDEND , AND ANNOUNCES CLOSING OF TWO ACQUISITIONS VANCOUVER , B.C. , November 4 , 2021. Premium Brands Holdings Corporation ( TSX : PBH ) , a leading producer , marketer and distributor of branded specialty food products , announced today its results for the third quarter of 2021 . HIGHLIGHTS 1 • • • • • • Record third quarter revenue of $ 1.3 billion representing a 21.9 % , or $ 240.7 million , increase as compared to the third quarter of 2020 Record third quarter adjusted EBITDA¹ of $ 122.6 million representing a 31.1 % , or $ 29.1 million , increase as compared to the third quarter of 2020 Record third quarter adjusted EPS¹ of $ 1.33 per share representing a 24.3 % , or $ 0.26 per share increase as compared to the third quarter of 2020 Clearwater Seafood , which is accounted for using the equity method , continued to generate significantly improved results posting quarterly sales and EBITDA of $ 158.4 million and $ 40.1 million , respectively , as compared to $ 133.7 million and $ 25.4 million , respectively in the third quarter of 2020 The Company declared a quarterly dividend of $ 0.635 per share for the fourth quarter of 2021 While conditions in many of the Company's selling channels have returned to normal , its customers in the airline and cruise line channels , as well as in certain segments of the foodservice channel , continue to be impacted by pandemic related challenges Subsequent to the quarter , the Company completed the acquisitions of Maid - Rite Specialty Foods , a Pennsylvania based leading manufacturer of customized cooked and raw protein solutions for retail and foodservice customers across Canada and the U.S ; and Westmorland Fisheries , a New Brunswick based leading processor , distributor and marketer of lobster products which it sells to retail , foodservice and distribution customers around the world Also , subsequent to the quarter , the Company increased its revolving senior credit facility by US $ 250.0 million to approximately $ 1.5 billion , extended the facility's maturity date to November 1 , 2026 , and linked the interest rates associated with the facility to the Company's performance relative to certain environmental and social objectives set by the Company The Company reports its financial results in accordance with International Financial Reporting Standards as issued by the International Accounting Standards Board ( IFRS ) . Adjusted EBITDA and adjusted EPS are non - IFRS financial measures . Reconciliations and explanations for all non - IFRS measures are included in the Non - IFRS Financial Measures section of this press release . CONFERENCE CALL The Company will hold a conference call to discuss its third quarter 2021 results today at 10:30 a.m. PDT ( 1:30 p.m. EDT ) . An investor presentation that will be referenced on the conference call is available here or on the Company's website at http://www.premiumbrandsholdings.com . Access to the call may be obtained by calling the operator at ( 833 ) 300-9218 / ( 647 ) 689-4551 ( Conference ID : 2949817 ) up to ten minutes prior to the scheduled start time . For those who are unable to participate , a recording of the conference call will be available through to 8:59 p.m. PST on November 18 , 2021 at ( 855 ) 859-2056 / ( 404 ) 537-3406 ( passcode : 2949817 ) . Alternatively , a recording of the conference call will be available at the Company's website at http://www.premiumbrandsholdings.com .