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What’s New at Seneca Foods?
Use our newsroom as a source to follow our product announcements, learn about company acquisitions, financial filings and more. We want our stakeholders to be able to access accurate information 24/7.
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Members of the media or company shareholders are invited to contact us for more information.Aug. 11, 2021 | Earnings Reports
Seneca Foods Reports Results for the First Quarter of Fiscal 2022
"Overall, the first quarter of 2022 was as we expected. A comparison to prior year is difficult as COVID-driven panic buying commenced last year. However, for the first quarter of 2022 we achieved very respectable earnings per common share of $1.56. With the exception of last year, this is our highest first quarter earnings per common share in many years.” - Paul Palmby, CEO
Jun. 11, 2021 | Earnings Reports
Seneca Reports Results for the Quarter and Fiscal Year Ended March 31, 2020
“Fiscal 2021 was a year of contrasts. While increased pandemic demand for our products led to record financial performance, it was overshadowed by the suffering and loss from the virus by many of our employees, their families and our communities. Our results speak for themselves but it was the dedication and hard work of our plant employees who truly made the difference through these difficult times.” - Paul Palmby, Chief Executive Officer
Mar. 10, 2021 | Corporate
Results of Modified Dutch Auction Tender Offer
“We believe our shares are undervalued, and we saw a tender offer as an opportunity to enhance value for our shareholders based upon the then current share price of our common stock,” said Seneca Chief Executive Officer Paul Palmby. “We believe the undersubscribed tender offer is clear evidence that shareholders share our view.”
Feb. 8, 2021 | Corporate
Seneca Commences Cash Tender Offer to Purchase its Class A Common Stock
The Company is conducting a “modified Dutch auction”, which allows stockholders to indicate how much stock and at what price within the specified offer range they wish to tender their stock. The offer allows purchase up to $75 million in value of its Class A common stock, par value $0.25 per share, at a price not greater than $46.00 nor less than $40.00 per Class A Share to the seller in cash, less any applicable withholding taxes and without interest.
Feb. 3, 2021 | Earnings Reports
Seneca Foods Reports Third Quarter Results for FY 2021
"Our results for the quarter reflect the gain on sale of our prepared foods business as well as continued strong sales in our core business. I remain humbled by the dedication of all of our loyal employees during the pandemic as we continue to help do our part in meeting customer needs with our products." - Paul Palmby, President and CEO
Nov. 4, 2020 | Earnings Reports
Seneca Foods Reports Sales and Earnings for the Second Quarter
Net sales increased 5.5% to $390.3 million while gross margin percentage increased from 6.5% to 12.5% as compared to the prior year three months due to higher selling prices and higher sales volume in the second quarter of 2021.
Sep. 1, 2020 | Corporate
CEO Kraig Kayser to Retire; Paul Palmby Named to Succeed Him
“We would like to thank Kraig for his many contributions to the Company. The Board has tremendous respect for Kraig’s leadership and the performance Seneca Foods has achieved under his direction. As we look forward to a smooth transition we note that Paul understands both our history and vision for the future and has the skills and perspective needed to build upon our solid foundation and take Seneca Foods to the next level.” - The Seneca Board