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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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Members of the media or company shareholders are invited to contact us for more information.Nov. 6, 2019 | Earnings Reports
Seneca Foods Reports Sales and Earnings for the Quarter and Six Months Ended September 28, 2019
“Our financials continue to show improvement compared to the prior year. I am pleased with our year-to-date results and that our restructuring efforts from the prior year are having a favorable impact,” stated Kraig Kayser, President and Chief Executive Officer.
Aug. 7, 2019 | Earnings Reports
Seneca Foods Reports Sales and Earnings for the Quarter Ended June 29, 2019
“During the first quarter, we began to see improved results from our extensive restructuring undertaken last year. We expect the improvements to continue as the year progresses.” stated Kraig Kayser, President and Chief Executive Officer.
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.
Jun. 13, 2019 | Earnings Reports
Seneca Foods Reports Financial Results for the Fourth Quarter of 2019 and for the Twelve Months Ended March 31, 2019
Net sales increased 3.2% to $1,199.6 million, compared to the prior year. Gross margin percentage from continuing operations decreased from 7.0% to 3.3% as compared to the prior year twelve months. Cost increases and a $40.5 million LIFO charge all contributed to the lower gross margin percentage.
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.