SENEA
Seneca Foods Corporation110.67
-0.92-0.82%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
762.52MP/E (TTM)
12.82Basic EPS (TTM)
8.63Dividend Yield
0%Recent Filings
10-Q
Q3 FY2026 results
Seneca Foods posted Q3 FY2026 net sales of $508.3M, up 1.1% y/y, with operating income jumping to $60.0M from $25.7M amid a LIFO credit that boosted gross margin to 16.4% from 9.8%. Diluted EPS hit $6.48, verified against 6.9M shares. Vegetable segment drove gains via pricing and mix, while lower revolver use slashed interest to $4.1M from $7.8M; $114.2M operating cash flow funded $27.0M capex and $94.0M debt paydown, leaving $33.3M cash and $448.6M revolver availability. Debt stands at $257.7M. Crop yields improved. Rising raw material costs loom.
10-Q
Q2 FY2026 results
Seneca Foods posted solid Q2 FY2026 results for the quarter ended September 27, 2025, with net sales up 8.1% y/y to $460.0M on higher volumes, especially canned vegetables at $377.3M; operating income jumped to $41.5M from $24.7M while gross margin expanded to 13.4% from 10.1%, fueled by a $7.7M LIFO credit. Diluted EPS rose to $4.29 from $1.90, confirmed against 6,925K shares with minor preferred dilution. Debt plunged after paying off $81M Term Loan A-1, leaving $261M total with $448M revolver availability; OCF hit $83M YTD yet FCF not disclosed in the 10-Q. Cash sits at $18.1M. Volumes beat costs. Weather still threatens crop yields.
8-K
Annual meeting elects directors
Seneca Foods elected Kathryn J. Boor, John P. Gaylord, and Paul L. Palmby as directors at its August 7, 2025 Annual Meeting; each will serve until 2028. Shareholders ratified Deloitte & Touche LLP as independent auditors for the fiscal year ending March 31, 2026, with overwhelming support (2.38M for, 1K against). Board refresh complete.
10-Q
Q1 FY2026 results
Seneca Foods posted Q1 FY2026 net sales of $297.5M, down 2.4% y/y from $304.7M on lower volumes yet steady 14.1% gross margin thanks to a hefty $11.8M LIFO credit. Operating income slipped to $23.2M from $25.4M while net earnings climbed 18% y/y to $14.9M, or $2.14 diluted EPS, fueled by slashed interest expense to $5.4M from $10.3M after paying off Term Loan A-1. Operating cash flow hit $53.7M, free cash flow $42.4M (derived), with revolver at $10.4M and $389.1M available. Debt sits low. Inventory builds seasonally. Crop yields lurk as a risk.
10-K
FY2025 results
Seneca Foods posted FY2025 net sales of $1,578,887 thousand, up 8.3% y/y from $1,458,603 thousand, driven by canned vegetables surging 9.1% y/y to $1,314,315 thousand. Q4 sales hit $345,839 thousand, edging up 12.3% y/y from $307,983 thousand yet dipping sequentially from Q3's $502,856 thousand peak amid seasonal slowdowns. Gross margins eroded sharply in Q4 to $15,529 thousand from Q3's $49,110 thousand and prior year's $20,778 thousand, squeezing net earnings to a slim $601 thousand versus Q4 2024's $2,247 thousand loss. Revolver debt plunged to $1 million by quarter-end from Q3's $42,196 thousand, signaling robust liquidity. Q4 decelerated momentum. Excess capacity pressures prices.
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