Seneca Foods Reports Financial Results for the Fourth Quarter 2017 and for the Twelve Months Ended March 31, 2017

Topic: Financial - May 25, 2017

Seneca Foods Corporation 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.

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