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What’s New at Seneca Foods?

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

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Showing 1 - 49 of 121 results

Aug. 6, 2026 | Earnings Reports

Seneca Foods Reports Sales and Earnings for the Three Months Ended June 27, 2026

"We started fiscal 2027 on a very strong note, with increased sales versus the same period last year driven by our Green Giant Frozen acquisition, steady private label growth, and timing related to our Co-pack business. As high-cost inventory from the short pack of 2024 is now behind us, gross margin expanded 100bp year-over-year on a FIFO basis, despite the impact of a non-cash charge related to the bargain purchase of the Green Giant Frozen business." Paul Palmby, President and Chief Executive Officer of Seneca Foods

Nov. 5, 2025 | Earnings Reports

Seneca Foods Reports Sales and Earnings for the Quarter and Six Months Ended September 27, 2025

“We are very pleased with our unit volumes and net sales for the quarter, up 10.2% and 8.1%, respectively. We are also enjoying a near budget harvest for most crops this year, a welcome change from last year’s poor crop, and delivering more normalized costs and inventory levels in order to support customer demand,” stated Paul Palmby, President and Chief Executive Officer of Seneca Foods Corporation. “Net earnings were better than we had budgeted but FIFO gross margin was slightly lower than last year, reflecting continued sell-through of the higher cost 2024 inventory.”

Feb. 6, 2025 | Earnings Reports

Seneca Foods Reports Sales and Earnings for the Quarter and Nine Months Ended December 28, 2024

“We are pleased with the continued unit volume sales growth experienced in the third quarter, up over 16% compared to last year. However, margins remain pressured versus last year due to the poor 2024 pack season, driven by historic rainy weather in our primary growing areas,” stated Paul Palmby, President and Chief Executive Officer of Seneca Foods.

Nov. 6, 2024 | Earnings Reports

Seneca Foods Reports Sales and Earnings for the Quarter and Six Months Ended September 28, 2024

“Second quarter results reflect continued positive volume momentum in our core business, as case volumes were up 9.9% in the first six months year-over-year when excluding co-pack business, which has been negatively impacted by the timing of purchases compared to last year,” stated Paul Palmby, President and Chief Executive Officer of Seneca Foods.

Feb. 8, 2024 | Earnings Reports

Seneca Foods Reports Sales and Earnings for the Quarter and Nine Months Ended December 30, 2023

“Third quarter results continued a strong fiscal 2024 for the Company. Decreasing LIFO charges compared to last year as a result of moderating inflation had a positive impact on reported net earnings. Additionally, we are well along with the integration of the Green Giant shelf stable business that we acquired during the quarter and remain pleased with the positive impact the business is delivering; we are excited about the potential for this iconic brand.” - Paul Palmby, President and Chief Executive Officer of Seneca Foods.

Nov. 9, 2023 | Earnings Reports

Seneca Foods Reports Sales and Earnings for the Quarter and Six Months Ended September 30, 2023

“The Company continued its strong performance through the first half of fiscal 2024 with net sales and FIFO EBITDA exceeding fiscal 2023 results for the same period. Net earnings continue to reflect non-cash LIFO charges driven by higher costs but have significantly moderated from the same period in fiscal 2023” Paul Palmby, President and Chief Executive Officer of Seneca Foods Corporation. “

Nov. 8, 2023 | Corporate

Seneca Foods Announces Purchase of Assets Related to the Green Giant

“We are excited to add the iconic Green Giant brand and shelf-stable products to our portfolio of canned vegetable offerings. Having co-manufactured much of this product for B&G Foods for many years, we have long admired the strength of the brand in the market and look forward to its continued success.” Paul Palmby, President and CEO of Seneca Foods Corporation.

Feb. 9, 2023 | Corporate

Seneca Foods Announces Michael Wolcott as Chief Financial Officer

FAIRPORT, N.Y. February 9, 2023 -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced that it will appoint the current Vice President of Finance, Michael Wolcott, to Senior Vice President of Finance and Chief Financial Officer (“CFO”) effective April 1, 2023. As CFO, Mr. Wolcott will oversee the Company’s finance organization and be responsible for all financial and accounting matters, including tax, treasury, internal audit, and investor relations. Mr.

Feb. 8, 2023 | Earnings Reports

Seneca Foods Reports Sales and Earnings for the Nine Months Ended December 31, 2022

“Third quarter results delivered solid sales and earnings growth despite persistent inflationary pressures that led to another large non-cash LIFO charge. Cost increases, particularly for raw materials and labor, have necessitated pricing actions to minimize the impact of inflation on our results. Additionally, our team has worked diligently to mitigate the supply chain challenges we have faced.” - Paul Palmby, CEO

Nov. 9, 2022 | Earnings Reports

Seneca Foods Reports Sales and Earnings for the Six Months Ended October 1, 2022

“Inflation continues to have an impact on our reported earnings as a non-cash pre-tax LIFO charge of $29.2 million was incurred in the 3 months ended October 1, 2022,” said Paul Palmby, President and Chief Executive Officer of Seneca Foods. “However, through cost mitigation and needed pricing advances reflecting the reality of persistent inflationary pressure, we have been able to minimize the impact on our results. In addition, with a successful raw product pack season, inventory levels are sufficient to fully support customer needs.”

Feb. 10, 2022 | Earnings Reports

Seneca Foods Reports Sales and Earnings for the Nine Months Ended January 1, 2022

“The Company delivered a solid performance in the third quarter of fiscal 2022 despite a large LIFO charge to the quarter and year to date being caused by higher input costs. Total net sales are down compared to prior year, which was expected given the 2020 COVID-19 related pantry loading and the Truitt divesture that happened during fiscal 2021. We remain focused on mitigating supply chain, labor and inflation related impacts.” - Paul Palmby, CEO

Nov. 12, 2021 | Earnings Reports

Seneca Foods Reports Sales and Earnings for the Six Months Ended October 2, 2021

“We are pleased with the Company’s performance in the second quarter. A comparative perspective to the prior year remains a challenge given the 2020 COVID-19 pantry loading and the Truitt divestiture that happened in fiscal year 2021. However, as expected, our net sales performance has remained on level to pre-pandemic levels. Quarterly and year-to-date reported earnings were strong even considering a large LIFO charge that is being driven by higher input costs. ” - Paul Palmby, CEO

Nov. 12, 2021 | Corporate

Seneca Foods Names New Director

MARION, N.Y. November 12, 2021 -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced the Board of Directors (the “Board”) of Seneca Foods Corporation (the “Company”) has appointed Kraig H. Kayser as a member of the Board effective November 10, 2021

Aug. 11, 2021 | Earnings Reports

Seneca Foods Reports Results for the First Quarter of Fiscal 2022

"Overall, the first quarter of 2022 was as we expected. A comparison to prior year is difficult as COVID-driven panic buying commenced last year. However, for the first quarter of 2022 we achieved very respectable earnings per common share of $1.56. With the exception of last year, this is our highest first quarter earnings per common share in many years.” - Paul Palmby, CEO

Jun. 11, 2021 | Earnings Reports

Seneca Reports Results for the Quarter and Fiscal Year Ended March 31, 2020

“Fiscal 2021 was a year of contrasts. While increased pandemic demand for our products led to record financial performance, it was overshadowed by the suffering and loss from the virus by many of our employees, their families and our communities. Our results speak for themselves but it was the dedication and hard work of our plant employees who truly made the difference through these difficult times.” - Paul Palmby, Chief Executive Officer

Mar. 10, 2021 | Corporate

Results of Modified Dutch Auction Tender Offer

“We believe our shares are undervalued, and we saw a tender offer as an opportunity to enhance value for our shareholders based upon the then current share price of our common stock,” said Seneca Chief Executive Officer Paul Palmby. “We believe the undersubscribed tender offer is clear evidence that shareholders share our view.”

Feb. 8, 2021 | Corporate

Seneca Commences Cash Tender Offer to Purchase its Class A Common Stock

The Company is conducting a “modified Dutch auction”, which allows stockholders to indicate how much stock and at what price within the specified offer range they wish to tender their stock. The offer allows purchase up to $75 million in value of its Class A common stock, par value $0.25 per share, at a price not greater than $46.00 nor less than $40.00 per Class A Share to the seller in cash, less any applicable withholding taxes and without interest.

Feb. 3, 2021 | Earnings Reports

Seneca Foods Reports Third Quarter Results for FY 2021

"Our results for the quarter reflect the gain on sale of our prepared foods business as well as continued strong sales in our core business. I remain humbled by the dedication of all of our loyal employees during the pandemic as we continue to help do our part in meeting customer needs with our products." - Paul Palmby, President and CEO

Nov. 4, 2020 | Earnings Reports

Seneca Foods Reports Sales and Earnings for the Second Quarter

Net sales increased 5.5% to $390.3 million while gross margin percentage increased from 6.5% to 12.5% as compared to the prior year three months due to higher selling prices and higher sales volume in the second quarter of 2021.

Sep. 1, 2020 | Corporate

CEO Kraig Kayser to Retire; Paul Palmby Named to Succeed Him

“We would like to thank Kraig for his many contributions to the Company. The Board has tremendous respect for Kraig’s leadership and the performance Seneca Foods has achieved under his direction. As we look forward to a smooth transition we note that Paul understands both our history and vision for the future and has the skills and perspective needed to build upon our solid foundation and take Seneca Foods to the next level.” - The Seneca Board

Jul. 2, 2020 | Earnings Reports

Seneca Foods Reports Sales and Earnings for the Quarter and Twelve Months Ended March 31, 2020

“During Fiscal 2020 we completed two years of restructuring that included plant consolidations, divestitures including exiting the canned fruit business. As expected, the Company improved its margins when compared to the prior year. In addition, we had an unexpected sales lift in the last month of the fiscal year as consumers pantry loaded as a result of the coronavirus pandemic,” stated Kraig Kayser, President and Chief Executive Officer.

Jun. 12, 2020 | Corporate

Timing of Annual Report

As a result of the impacts of COVID-19 pandemic on the business and employees of Seneca Foods, we will be relying on the Securities and Exchange Commission’s Order under Section 36 of the Securities Exchange Act of 1934 Modifying Exemptions From the Reporting and Proxy Delivery Requirements for Public Companies dated March 25, 2020 (Release No. 34-88465) to delay the filing of our Annual Report on Form 10-K for the fiscal year ended March 31, 2020.

Apr. 8, 2020 | Corporate

Response to COVID-19

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

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.

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.

Jun. 29, 2018 | Earnings Reports

Seneca Foods Reports Financial Results for the Fourth Quarter 2018 and for the Twelve Months Ended March 31, 2018

Seneca Foods reported a net loss for the fiscal year ended March 31, 2018 of $(13.8) million, or $(1.41) per diluted share, compared to net earnings of $15.9 million, or $1.60 per diluted share, in the fiscal year ended March 31, 2017. A significant portion of the net earnings decrease was attributable to non-recurring restructuring charges related to the Modesto plant closing of $10.0 million which occurred in the current year.

Modesto

Feb. 16, 2018 | Corporate

Seneca Foods to Close its Modesto, California Facility

Seneca announced today that it will close its plant in Modesto, California, due to challenging economic conditions. The facility is primarily used for packaging and warehousing of the Company’s peach and fruit cocktail products. The Company expects this plant closure to improve its long-term financial condition and reduce leverage.

Showing 1 - 49 of 121 results