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.
Contact UsMembers of the media or company shareholders are invited to contact us for more information.
Feb. 8, 2021 | Corporate
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
"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
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
“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
Aug. 5, 2020 | Earnings Reports
“During the first quarter, we continued to see improved results from our extensive restructuring undertaken over the last few years. In addition, pantry loading due to the COVID-19 pandemic helped drive our sales.” -Kraig Kayser, President and CEO
Jul. 2, 2020 | Earnings Reports
“During Fiscal 2020 we completed two years of restructuring that included plant consolidations, divestitures including exiting the canned fruit business. As expected, the Company improved its margins when compared to the prior year. In addition, we had an unexpected sales lift in the last month of the fiscal year as consumers pantry loaded as a result of the coronavirus pandemic,” stated Kraig Kayser, President and Chief Executive Officer.
Jun. 12, 2020 | Corporate
As a result of the impacts of COVID-19 pandemic on the business and employees of Seneca Foods, we will be relying on the Securities and Exchange Commission’s Order under Section 36 of the Securities Exchange Act of 1934 Modifying Exemptions From the Reporting and Proxy Delivery Requirements for Public Companies dated March 25, 2020 (Release No. 34-88465) to delay the filing of our Annual Report on Form 10-K for the fiscal year ended March 31, 2020.