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What’s New at Seneca Foods?

Use our newsroom as a source to follow our innovative product announcements, learn about company acquisitions, upcoming events and more. We want our stakeholders to be able to access accurate information 24/7.

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Showing 1 - 7 of 82 results

Jul. 31, 2019 | Corporate

Seneca Foods Completes the Acquisition of Paradise, Inc.’s Fruit Business

“Paradise has a long history of providing high quality candied fruit products to their customers. We are very excited about this acquisition and the extension of product offerings it brings to our company. This business segment will be a complimentary fit within our maraschino business at our wholly own subsidiary Gray & Company,” stated Kraig Kayser, Seneca Foods' President and CEO.

Feb. 1, 2019 | Earnings Reports

Seneca Foods Reports Third Quarter Results for Fiscal Year 2019

Net sales increased 4.9% to $372.2 million for the quarter ended December 29, 2018, compared to net sales of $354.9 million for the third quarter of 2017. The gross margin percentage from continuing operations decreased from 8.1% to (0.4) % as compared to the prior third quarter. Cost increases and a $25.8 million LIFO charge all contributed to the lower gross margin percentage.

Dec. 7, 2018 | Corporate

Seneca Foods Names New Director

Seneca Foods today announced the appointment of a new director, Dr. Kathryn J. Boor effective January 1, 2019. She will replace Dr. Susan A. Henry who recently advised the Company that she will resign from the Seneca Foods Corporation Board of Directors effective December 31, 2018. Dr. Henry had served as a director of the Company since 2007.

Nov. 9, 2018 | Earnings Reports

Seneca Foods Reports Sales and Earnings for the Quarter and Six Months Ended September 29, 2018

“As we anticipated, we have sold the Modesto facility subsequent to the quarter end and are in the process of completing the orderly liquidation of the Modesto operations. We are expecting a third quarter pre-tax gain on the sale of the Modesto facility of approximately $53.9 million. Continuing operations results are lagging behind the prior year primarily due to higher steel and transportation costs,” stated Kraig Kayser, President and Chief Executive Officer.

Jul. 31, 2018 | Earnings Reports

Sales Increase of 22.4% or $62.7 Million for the Three Months Ended June 30, 2018

Seneca Foods reported a net loss for the fiscal first quarter of 2019 of $(8.8) million, or $(0.90) per diluted share, compared to a net loss of $(0.8) million, or $(0.09) per diluted share, in the fiscal first quarter of 2018. Net sales for the first quarter ended June 30, 2018, increased from the first quarter ended July 1, 2017, by 22.4%, to $343.4 million. The increase is attributed to a favorable sales volume variance of $56.8 million and a favorable sales mix and higher selling price variance of $5.9 million. The volume increase is primarily attributable to the Pacific Coast Producers sale of fruit which contributed $55.8 million to net sales.

Showing 1 - 7 of 82 results