Category: Businesses

Consistent Strong Financial Performance is Underpinned by Governance Improvements Initiated Years Ago Sealaska’s board of directors set out to improve its own performance a number of years ago through training, self-assessment and a gap analysis. Purposeful change often takes time and discipline. The board has experienced dramatic and intentional change over the last six years. … Continued

JUNEAU, Alaska – Sealaska topped its 2018 results with another record year in 2019, reporting net income of $77.8 million, $12.6 million over the previous year. Revenue of $700 million in 2019 was the largest in Sealaska’s nearly 50-year history. Its 2019 Annual Report features financial successes, as well as achievements in community impact, ocean … Continued

An investment in Alaska-based food company Barnacle is Sealaska’s latest step toward building a business portfolio that aligns with the twin goals of economic prosperity and environmental protection. Barnacle, the first food business to manufacture and create products with bull kelp, celebrates local ingredients, creates markets and jobs, and invites customers into what makes Alaska … Continued

Sealaska will show another year of record net income for 2019. In December we told shareholders that we estimate 2019 net income to be nearly $77.6 million based on management’s expectations, estimates and projections and feel we will be very close to that estimate as we close our annual financial audit over the next few … Continued

Sealaska Construction Solutions, LLC (SCS) is a recent recipient of the Malmstrom Air Force Base multiple award task order contract (MATOC). One of eight awardees, SCS will compete for design-build, bid-build construction projects under the contract vehicle, which has a $90M ceiling value. Work will take place at the air base and Missile Wing at … Continued

As we near the end of 2019, Sealaska can look back and be proud of another successful year due to our business growth. Sealaska expects to meet and exceed its record net income of $65.2 million in 2018. Please note, Sealaska’s final 2019 audited financials will be published in May 2020. Sealaska achieved a $100 … Continued

As the new chief financial officer, Carrie Rorem leads Sealaska’s finance and information technology departments. In this role, she oversees the company’s financial management, its accounting and internal control systems, and the company’s budget and financial matters.  Carrie supports the success of the company’s businesses through creative problem-solving, strategic insight, and analysis that supports informed … Continued

In 2018, Sealaska businesses continued to achieve record growth that allowed us to make some of the most significant philanthropic and financial investments for our communities in our corporation’s history. All indications from the 2019 performance expect us to see that trend continue (** please see forward-looking statements in the annual report). Now that we … Continued

Alaska Business magazine ranked Sealaska #11 in the 2019 Alaska Business Top 49ers listing, a 46 percent change in revenue. View the 2019 Top 49ers list here. Each year, Alaska Business recognizes the Top 49 Alaskan-owned and -operated businesses, based on gross revenue. The Top 49ers list is published each October. Sealaska’s consolidated continuing operations … Continued

The Haa Aaní, LLC (HAL) board convened its quarterly meeting in September in Ketchikan and later traveled to Prince of Wales Island for a closer look at operations there. The board reviewed active timber harvest operations, second-growth forests, and silviculture programs (designed to improve forest health). They also drove through miles of lands within Sealaska’s … Continued