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.