SENEA

Shares of Seneca Foods Corporation SENEA have gained 13.1% since the company reported results for the quarter ended March 31, 2026, outperforming the S&P 500 Index’s 3.9% rise during the same period. Over the past month, the stock advanced 17.3%, while the S&P 500 gained 1.4%. Seneca delivered significantly improved fiscal fourth-quarter and full-year results. Fourth-quarter fiscal 2026 net sales increased 13.9% year over year to $393.8 million from $345.8 million, primarily due to higher sales volume. Net earnings surged to $25.3 million from $0.6 million in the prior-year quarter, while diluted earnings per share (EPS) climbed to $3.69 from $0.09. Operating income rose sharply to $23.7 million from $1.9 million. For fiscal 2026, net sales grew 5.1% to $1.66 billion from $1.58 billion, driven by higher sales volume, as well as improved pricing and product mix. Full-year net earnings surged to $114.7 million from $41.2 million, while diluted EPS increased to $16.59 from $5.90. A key highlight of the quarter was the substantial improvement in profitability. Gross margin expanded to 11.2% of net sales in the fourth quarter of fiscal 2026 from 4.5% a year earlier. For the full fiscal year, gross margin improved to 13.9% from 9.5%. Management attributed the improvement largely to more normalized pack costs during calendar 2025, which supported stronger operating performance. Operating income for fiscal 2026 increased 90.8% to $148.4 million from $77.8 million, reflecting the benefit of stronger margins and sales growth. Earnings before income taxes climbed to $149.1 million from $54.5 million. SENEA also reported adjusted net earnings of $97.9 million for fiscal 2026, up 45.8% from $67.1 million in fiscal 2025. EBITDA increased 56.7% to $214.6 million from $136.9 million. FIFO EBITDA increased 12.2% to $192.3 million from $171.4 million, underscoring the improvement in underlying operating performance. Seneca also benefited from lower interest expense. Net interest expense fell 45.4% to $18.1 million for fiscal 2026 from $33.2 million in fiscal 2025, supporting earnings growth. Seneca Foods Corp. price-consensus-eps-surprise-chart | Seneca Foods Corp. Quote President and chief executive officer Paul Palmby said that SENEA finished fiscal 2026 with increases in unit volume and improved gross margins, supported by more normalized pack costs. Palmby also highlighte...

Seneca Foods (SENEB) reported fiscal Q1 earnings late Thursday of $3.69 per diluted share, up from $

FAIRPORT, N.Y. (AP) — FAIRPORT, N.Y. (AP) — Seneca Foods Corp. (SENEA) on Thursday reported net income of $25.3 million in its fiscal fourth quarter. The Fairport, New York-based company said it had net income of $3.69 per share. Earnings, adjusted for non-recurring gains, were $3.67 per share. The fruit and vegetable company posted revenue of $393.8 million in the period. For the year, the company reported profit of $114.7 million, or $16.59 per share. Revenue was reported as $1.66 billion. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SENEA at https://www.zacks.com/ap/SENEA

(Corrects quarter in headline and first paragraph) Seneca Foods (SENEB) reported fiscal Q4 earnin

FAIRPORT, N.Y., June 11, 2026 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the fourth quarter and twelve months ended March 31, 2026. Executive Summary (vs. year-ago, year-to-date results): Net sales for the twelve months ended March 31, 2026 totaled $1,659.7 million compared to $1,578.9 million for the twelve months ended March 31, 2025. The year-over-year increase of $80.8 million was due to higher sales volume, complemented by higher selling prices and product mix. Gross margin as a percentage of net sales is 13.9% for the twelve months ended March 31, 2026, as compared to 9.5% for the twelve months ended March 31, 2025. “We completed fiscal 2026 with increases in unit volume as well as improving gross margins driven by more normalized pack costs in calendar 2025. Furthermore, we are pleased to report record full-year FIFO diluted EPS of $14.15,” stated Paul Palmby, President and Chief Executive Officer of Seneca Foods. “Additionally, we are thrilled with our acquisition of the U.S. Green Giant Frozen business. Not only does this transaction reunite this iconic canned and frozen brand, but it significantly increases our footprint and scale in the frozen category.” Executive Summary (vs. year-ago, fourth quarter results): Net sales for the fourth quarter of fiscal 2026 totaled $393.8 million compared to $345.8 million for the fourth quarter of fiscal 2025. The year-over-year increase of $48.0 million was primarily driven by the impact of higher sales volume. Gross margin as a percentage of net sales is 11.2% for the three months ended March 31, 2026, as compared to 4.5% for the three months ended March 31, 2025. About Seneca Foods Corporation Seneca Foods is one of North America’s leading providers of packaged fruits and vegetables, with facilities located throughout the United States. Its high quality products are primarily sourced from more than 1,100 American farms and are distributed to approximately 55 countries. Seneca holds a large share of the market for retail private label, food service, restaurant chains, international, contracting packaging, industrial, chips and cherry products. Products are also sold under the highly regarded brands of Aunt Nellie’s®, CherryMan®, Green Giant®, Green Valley®, Libby’s®, READ®, and Seneca labels, including Seneca snack chips. Seneca’s common stock is t...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Completed the divestiture of the Green Giant U.S. frozen business to Seneca Foods, marking a major step in simplifying the portfolio toward higher-margin, shelf-stable categories. Acquired College Inn and Kitchen Basics broth brands, which management views as a superior strategic fit that leverages the growth of the fresh store perimeter. Base business net sales grew 2.8% in Q1, driven by a 9.1% surge in Spices & Flavor Solutions and a recovery in the Frozen & Vegetables segment's profitability. Management is actively removing direct costs associated with divested brands and restructuring central overhead to eliminate stranded costs and rightsize the organization. The portfolio shift from low-margin frozen vegetables to more stable broth and stock businesses is expected to improve overall EBITDA and margin profiles. Performance attribution for the quarter includes a recovery from prior-year trade inventory reductions and strong volume growth in club and foodservice channels. Updated fiscal 2026 guidance assumes the addition of College Inn and Kitchen Basics while accounting for the loss of one week of operations compared to the 53-week fiscal 2025. Management expects base business net sales trends to be flat to slightly down for the remainder of the year following a strong Q1 start against a low prior-year base. The pending divestiture of Green Giant Canada is expected to close in Q2, which management anticipates will be relatively neutral to adjusted EBITDA but will further reduce leverage. A primary financial risk factor is the price of soybean oil and crude oil; management indicated they will evaluate pricing actions if these input costs remain at current elevated levels. Long-term strategy focuses on returning the core business to a 1% growth algorithm while reducing net leverage below 5.5x through divestitures and excess cash flow. The Board of Directors reduced the quarterly dividend by 50% to $0.095 per share to rebalance cash flow toward debt repayment in the current high-interest-rate environment. Q1 results included a $36.3 million noncash loss on the sale of the Green Giant U.S. frozen business and $5.8 million in noncash impairments of property, plant, and equipment. Net leverage was reduced to a...

This article first appeared on GuruFocus. Release Date: March 03, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. B&G Foods Inc (NYSE:BGS) announced the divestiture of the Green Giant US frozen business to Seneca Foods Corporation, which is expected to result in a more focused and profitable portfolio. The acquisition of the Collage Inn and Kitchen Basics broth and stock businesses from Del Monte Foods is anticipated to enhance margins and cash flows. The spices and flavor solutions business unit experienced a 4.2% increase in net sales during Q4, driven by growth in fresh food and proteins. Cost of goods sold as a percentage of net sales improved by approximately 120 basis points due to productivity efforts. Net cash provided by operating activities was strong in Q4 2025, amounting to $95.4 million, compared to $80.3 million in Q4 2024. B&G Foods Inc (NYSE:BGS) reported a net loss of $15.2 million for Q4 2025, primarily due to pre-tax non-cash impairment charges. The company's net sales for Q4 2025 decreased by $12 million or 2.2% compared to Q4 2024, largely due to divestitures. Tariffs negatively impacted gross profit and adjusted gross profit by approximately $4.4 million during Q4 2025. Selling, general, and administrative expenses increased by $3.7 million or 7.3% in Q4 2025 compared to Q4 2024. The Green Giant US frozen business, which was divested, was only marginally profitable for B&G Foods Inc (NYSE:BGS). Warning! GuruFocus has detected 8 Warning Signs with BGS. Is BGS fairly valued? Test your thesis with our free DCF calculator. Q: Can you explain the factors that allowed B&G Foods to maintain sales despite a challenging consumer environment? A: Casey Keller, CEO, mentioned that while there was a modest improvement in Q4 sales, the company has seen progress in certain brands and businesses, such as spices and seasonings, Canadian business, and food service. These areas have shown resilience and growth, contributing to a gradual improvement in U.S. food retail consumption. The company expects further improvement in 2026, aiming for a long-term growth target of 1%. Q: How is B&G Foods planning to support its brands in 2026 compared to previous years? A: Casey Keller, CEO, stated that the company plans to maintain a similar level of spending on brand support in 2026 as in 2025, with a focus o...

Shares of Seneca Foods Corporation SENEA have gained 1.2% since the company reported its earnings for the quarter ended Dec. 27, 2025. This compares to the S&P 500 Index’s 0.5% rise over the same time frame. Over the past month, the stock gained 6.3% against the S&P 500’s 0.9% decline. Seneca reported third-quarter fiscal 2026 net sales of $508.3 million, up 1.1% from $502.9 million in the prior-year quarter. The increase was driven by favorable selling prices and product mix, partially offset by lower sales volume. Net earnings rose sharply to $44.8 million, or $6.48 per diluted share, from $14.7 million, or $2.10 per diluted share a year ago. Operating income rose 133.7% to $59.9 million from $25.7 million in the year-ago quarter, reflecting a significant expansion in gross margin to 16.4% from 9.8%. On a year-to-date basis, net sales for the nine months ended Dec. 27, 2025, increased 2.7% to $1.27 billion from $1.23 billion in the comparable prior-year period. Net earnings for the nine-month period climbed 120.1% to $89.4 million, or $12.89 per diluted share, from $40.6 million, or $5.81 per diluted share, in the prior year. Segment-wise, the Vegetable business generated fiscal third-quarter earnings before income taxes of $48.4 million, up 102.7% from $23.9 million a year ago, while the Fruit and Snack segment contributed $6.3 million, up 62.3% from $3.9 million in the prior-year quarter. Revenue growth in the quarter was primarily driven by pricing and product mix, partially offset by lower sales volumes. Canned and frozen vegetables posted a combined increase, benefiting from an $8.9 million favorable impact from pricing and mix, partly offset by a $2.5 million decline due to lower volumes. Fruit products and snack products experienced modest sales declines, largely attributable to lower volumes. For the nine-month period, canned and frozen vegetables recorded a combined $29.4 million sales increase, reflecting both higher volumes and improved pricing and mix. Fruit products saw a slight decrease, while snack products were relatively stable year over year. Seneca Foods Corp. price-consensus-eps-surprise-chart | Seneca Foods Corp. Quote The significant improvement in profitability was driven by margin expansion. Gross margin for the quarter rose to 16.4% from 9.8% in the prior-year period. The company recorded a LIFO credit of $2.6 million in the quarte...

FAIRPORT, N.Y. (AP) — FAIRPORT, N.Y. (AP) — Seneca Foods Corp. (SENEA) on Thursday reported profit of $44.8 million in its fiscal third quarter. The Fairport, New York-based company said it had net income of $6.48 per share. Earnings, adjusted for non-recurring gains, came to $6.19 per share. The fruit and vegetable company posted revenue of $508.3 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SENEA at https://www.zacks.com/ap/SENEA

FAIRPORT, N.Y., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the third quarter and nine months ended December 27, 2025. Executive Summary (vs. year-ago, year-to-date results): Net sales for the nine months ended December 27, 2025 totaled $1,265.8 million compared to $1,233.0 million for the nine months ended December 28, 2024. The year-over-year increase of $32.8 million was driven by higher sales volume and the impact of higher selling prices and product mix. Gross margin as a percentage of net sales is 14.8% for the nine months ended December 27, 2025, as compared to 10.9% for the nine months ended December 28, 2024. “The third quarter delivered record sales and near-record FIFO profitability, driven by an excellent holiday selling season and more normalized costs following a poor 2024 harvest season,” stated Paul Palmby, President and Chief Executive Officer of Seneca Foods Corporation. “Strong operating results and necessary reductions in working capital have driven robust cash flow and continued decreases in net debt.” Executive Summary (vs. year-ago, third quarter results): Net sales for the third quarter of fiscal 2026 totaled $508.3 million compared to $502.9 million for the third quarter of fiscal 2025. The year-over-year increase of $5.4 million was driven by the impact of selling prices and product mix, partially offset by lower sales volume. Gross margin as a percentage of net sales is 16.4% for the three months ended December 27, 2025, as compared to 9.8% for the three months ended December 28, 2024. About Seneca Foods Corporation Seneca Foods is one of North America’s leading providers of packaged fruits and vegetables, with facilities located throughout the United States. Its high quality products are primarily sourced from more than 1,100 American farms and are distributed to approximately 55 countries. Seneca holds a large share of the market for retail private label, food service, restaurant chains, international, contracting packaging, industrial, chips and cherry products. Products are also sold under the highly regarded brands of Libby’s®, Green Giant®, Aunt Nellie’s®, Green Valley®, CherryMan®, READ®, and Seneca labels, including Seneca snack chips. Seneca’s common stock is traded on the Nasdaq Global Select Market under the symbols “SENEA” and “SENEB”. SENEA is...

The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even companies that have no revenue, no profit, and a record of falling short, can manage to find investors. Sometimes these stories can cloud the minds of investors, leading them to invest with their emotions rather than on the merit of good company fundamentals. While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away. So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Seneca Foods (NASDAQ:SENE.A). Now this is not to say that the company presents the best investment opportunity around, but profitability is a key component to success in business. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. The market is a voting machine in the short term, but a weighing machine in the long term, so you'd expect share price to follow earnings per share (EPS) outcomes eventually. That means EPS growth is considered a real positive by most successful long-term investors. It certainly is nice to see that Seneca Foods has managed to grow EPS by 20% per year over three years. As a general rule, we'd say that if a company can keep up that sort of growth, shareholders will be beaming. Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. EBIT margins for Seneca Foods remained fairly unchanged over the last year, however the company should be pleased to report its revenue growth for the period of 8.3% to US$1.6b. That's a real positive. In the chart below, you can see how the company has grown earnings and revenue, over time. To see the actual numbers, click on the chart. Check out our latest analysis for Seneca Foods While it's always good to see growing profits, you should always remember that a weak balance sheet could come back to bite. So check Seneca Foods' balance sheet strength, before getting too excited. It should give investors a sense of security owning shares in a company if insiders also own shares, creating a close alignment their interests....

Shares of Seneca Foods Corporation SENEA have gained 4.6% since the company reported results for the quarter ended Sept. 27, 2025, even as the S&P 500 Index slipped 0.6% over the same span. In the past month, Seneca shares lost 5.6%, against a 1.6% rise in the S&P 500. Seneca turned in a much stronger quarter than a year ago on both the top and bottom lines. Net sales for the second quarter of fiscal 2026 rose 8.1% to $460 million from $425.5 million, driven primarily by higher volumes and, to a lesser extent, favorable pricing and mix. Gross margin expanded sharply to 13.4% of sales from 10.1%, while operating income jumped 68% to $41.5 million from $24.7 million, lifting operating margin to 9% from 5.8%. Net earnings surged 123.6% to $29.7 million from $13.3 million, with diluted earnings per share (EPS) climbing 125.8% to $4.29 from $1.90. EBITDA rose 44.6% to $55.7 million from $38.5 million, driven by higher earnings and lower interest expense. On a non-GAAP basis, adjusted net earnings for the quarter edged down 2.6% to $23.9 million from $24.6 million, and FIFO EBITDA decreased 10.2% to $47.9 million from $53.5 million. For the six-month period, net sales increased 3.7% to $757.5 million from $730.2 million, while diluted EPS rose 73.8% to $6.43 from $3.70. The six-month FIFO EBITDA declined 18.4% to $73.2 million from $89.7 million, reflecting the sell-through of higher-cost inventory from 2024. Canned and frozen vegetables remain the core of the business and led the quarter’s growth. Net sales of canned vegetables rose about 7.4% year over year to $377.3 million from $351.3 million, while frozen vegetable sales increased 14.8% to $44.9 million from $39.1 million. Fruit products were up 2.1% to $22.8 million from $22.3 million, snack products grew about 22.9% to $4.9 million from $4 million, and the “other” category—which includes items such as seed, cans and ends and certain ancillary revenues — increased around 15% to $10.1 million from $8.8 million. On a segment basis (reported on a FIFO basis), second-quarter net sales were $422.2 million for the Vegetable segment, $27.8 million for Fruit/Snack, and $10.1 million for Other. Vegetable earnings before income taxes were $25.5 million, while Fruit/Snack and Other contributed $3.7 million and $1.9 million, respectively. These figures reconcile to total FIFO earnings before income taxes of $31 million,...