What’s New at Seneca Foods?
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Apr. 8, 2020 | Corporate
Our mission at Seneca Foods Corporation is to feed the world safe and nutritious products that are valued and enjoyed by families everywhere. This mission is supported by our vision which is to continue to grow as a leader in the food industry by remaining deeply rooted in our Fundamental Beliefs and through a shared commitment to those we serve.
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
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
“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
“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
“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.