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Members of the media or company shareholders are invited to contact us for more information.Feb. 6, 2020 | Corporate
Seneca Foods and CraftAg Enterprises announce the formation of a joint-venture, CraftAg, LLC, a vertically integrated seed-to-sale hemp company
The newly formed CraftAg, LLC will process hemp in Sunnyside, WA, at a facility that was previously owned by Seneca and used as a pear and apple cannery. The repurposed 270k square foot facility has already begun processing the 2019 crop of Aromahemp™, and is ideally located in the heart of the Yakima Valley, a region well-suited for growing specialty crops such as hemp.
Feb. 5, 2020 | Earnings Reports
Seneca Foods Reports Third Quarter Results for Fiscal Year 2020
Gross margin percentage from continuing operations income increased from 2.7% to 9.3% as compared to the prior year nine months. Higher sales volume, lower cost increases and a decrease in the LIFO charge all contributed to the higher gross margin percentage.
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.