What’s New at Seneca Foods?
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May. 25, 2017 | Earnings Reports
Seneca Foods Reports Financial Results for the Fourth Quarter 2017 and for the Twelve Months Ended March 31, 2017
Seneca Foods reported net earnings for the fiscal year ended March 31, 2017, of $12.6 million, or $1.27 per diluted share, compared to $54.5 million, or $5.42 per diluted share, in the fiscal year ended March 31, 2016. A significant portion of the net earnings decrease was attributable to a non-recurring pre-tax gain of $24.3 million which occurred in the prior year.
Apr. 4, 2017 | Corporate
Seneca Foods and David J. Truitt have entered into a Share Purchase Agreement whereas the Company has acquired David’s 50% ownership interest in Truitt Bros., Inc., (“TBI”) and directly related holdings. The effective date of the transaction is April, 1, 2017. With this transaction the Company will now own 100% of TBI which they will retain as a wholly owned subsidiary. David Truitt and the existing management team will continue to operate the TBI business after this transaction. The remaining terms of the Share Purchase Agreement are currently not being disclosed.
Jan. 25, 2017 | Earnings Reports
Sales Increase of 0.8% or $7.9 Million and Net Earnings of $14.3 Million for the Nine Months Ended December 31, 2016
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported net earnings for the fiscal nine months ended December 31, 2016 of $14.3 million, or $1.43 per diluted share, compared to net earnings of $40.6 million, or $4.04 per diluted share for the same period in the prior year.
Jan. 23, 2017 | Technology
Seneca Foods and Valspar debut industry-leading valPure® can linings in flagship Libby’s® brand canned vegetables.
Seneca Foods today announced its continued commitment to food safety education by partnering with The Valspar Corporation, adding their valPure® logo to many of its canned vegetable labels. valPure®, Valspar’s brand of non-BPA* can lining technologies, provides superior protection for food while addressing consumers’ desire to avoid materials of concern. The valPure® lining has been evaluated using Safety by Design, a process modeled on pharmaceutical development, ensuring a safe and sustainable solution. As the first major canned vegetable processor to switch to BPA non-intent linings, Seneca has updated its labels to provide greater transparency of the materials used in place of BPA.
Nov. 7, 2016 | Earnings Reports
Seneca Foods Reports a Sales Increase of 14.1% or $44.0 Million and a Net Earnings of $6.1 Million for the Quarter Ended October 1, 2016
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported for the second quarter of 2017, net earnings of $6.1 million, or $0.62 per diluted share, compared to net earnings of $6.5 million, or $0.65 per diluted share, in the fiscal second quarter of 2016.
Aug. 4, 2016 | Corporate
Seneca Foods, Monsanto Announce Long-term Tolling Agreement to Drive Efficiencies in Vegetable Large Seed Processing
Monsanto Company (NYSE: MON) and Seneca Foods Corporation (NASDAQ: SENEA, SENEB) announced today a 10-year tolling agreement for vegetable large seed processing operations in the United States.
Jul. 29, 2016 | Earnings Reports
Seneca Foods Reports a Sales Increase of 11.6% or $26.4 million and a Net Loss of $0.1 Million for the Quarter Ended July 2, 2016
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported for the first quarter of 2017, a net loss of $(0.1) million, or $(0.01) per diluted share, compared to net earnings of $3.0 million, or $0.29 per diluted share, in the fiscal first quarter of 2016.