Seneca Foods Corp

Listed Company

SENEBCIK 0000088948NasdaqAcceleratedCanned, Fruits, Veg, Preserves, Jams & JelliesNew YorkFY ends Mar 31

Period

FY 2025

Revenue

—

Net Income

$41.22M

Total Assets

$1.18B

Equity

$633.02M

Shares Out

11.74M

Op. Cash Flow

$335.48M

Business

Seneca Foods Corp is a processor and packager of fruits and vegetables, operating manufacturing, can production, seed and farming operations and a logistical support network. It offers canned, frozen and jarred produce and snack chips sold under company-owned and licensed brands, private labels, co-pack agreements and to foodservice and industrial customers. The company manages two primary reportable segments—Vegetable and Fruit/Snack—with non-food operations including can and seed sales and other services. Its products are distributed nationwide through grocery, mass merchandiser, club and discount channels, foodservice distributors, industrial customers, government programs and export markets.

Summary from filing dated 2025-06-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31	FY 2021 2021-03-31
Net sales	1,579	1,459	1,509	1,385	1,468
Cost of products sold	1,429	1,270	1,405	1,244	1,235
Selling, general, and administrative expense	75	81	81	76	80
Other operating (income) expense, net	−3	−222,000	2	1	−29
Total costs and expenses	1,501	1,351	1,488	1,321	1,287
Operating income	78	107	21	64	181
Interest expense, net of interest income of $967, $699 and $528, respectively	33	34	14	—	—
Other non-operating income	−10	−10	−7	−9	3
Earnings before income taxes	54	83	14	60	160
Income taxes	13	20	5	14	34
Net earnings	41	63	9	46	126
Basic (in dollars per share)	5.95	8.64	1.19	5.28	13.82
Diluted (in dollars per share)	5.9	8.56	1.16	5.24	13.72
Basic (in shares)	7	7	8	8,707	9,088
Diluted (in shares)	7	7	8	8,774	9,158

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-03-31	FY 2024 2024-12-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31
Cash and cash equivalents	43	—	4	5	11
Restricted cash	8	—	7	7	—
Accounts receivable, net of allowance for credit losses of $71 and $53, respectively	96	—	80	97	119
Inventories	604	—	873	671	410
Refundable income taxes	672,000	—	0	7	4
Other current assets	4	—	3	2	5
Total current assets	756	—	967	794	555
Property, plant and equipment, net	325	—	305	301	268
Right-of-use assets operating, net	10	—	20	23	34
Right-of-use assets finance, net	13	—	20	34	35
Pension assets	76	—	52	59	53
Other assets	2	—	19	1	2
Total assets	1,181	—	1,384	1,213	947
Accounts payable	44	—	40	69	88
Note payable	0	—	9	0	—
Deferred revenue	11	—	8	10	8
Accrued vacation	13	—	12	11	12
Accrued payroll	11	—	16	17	17
Income taxes payable	2	—	3	0	0
Other accrued expenses	29	—	33	23	23
Current portion of long-term debt, finance and lease obligations	106	—	30	26	26
Total current liabilities	215	—	151	156	173
Operating lease obligations	7	7	14	17	23
Finance lease obligations	8	8	12	17	20
Deferred income tax liability, net	32	—	24	32	33
Other liabilities	15	—	14	4	5
Total liabilities	548	—	801	658	363
Commitments and Contingencies	—	—	—	—	—
Preferred stock	346,000	—	351,000	351,000	644,000
Common stock	3	—	3	3	3
Additional paid-in capital	102	—	100	99	99
Treasury stock, at cost	−211	—	−200	−169	−129
Accumulated other comprehensive loss	−8	—	−25	−20	−26
Retained earnings	746	—	705	641	637
Total stockholders' equity	633	—	583	555	579
Total liabilities and stockholders equity	1,181	—	1,384	1,213	947

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31	FY 2021 2021-03-31
Depreciation and amortization	45	43	41	37	—
Non-cash lease expense	5	7	12	17	—
LIFO charge	35	22	132	42	—
Deferred income tax expense	2	−6	−4	7	17
Gain on the sale of assets	−3	−2	−3	−2	−32
Provision for restructuring and impairments	0	567,000	4	284,000	182,000
Stock-based compensation expense	175,000	246,000	76,000	120,000	—
Pension expense	26,000	354,000	1	206,000	—
401(k) match stock contribution	3	2	2	1	1
Accounts receivable	−17	17	22	−27	24
Inventories	234	−224	−399	−103	68
Other assets	2	−91,000	−3	−1	4
Accounts payable	3	−29	−18	14	—
Accrued expenses and other	−10	11	−14	−11	—
Income taxes	−2	10	−2	3	−4
Net cash provided by (used in) operating activities	335	−83	−213	30	183
Additions to property, plant and equipment	−37	−37	−71	−53	−71
Proceeds from the sale of assets	5	8	6	8	74
Increase in non-current deposits	−3	−19	0	0	—
Net cash used in investing activities	−35	−47	−65	−45	2
Borrowings under revolving credit facility	461	784	777	399	—
Repayments under revolving credit facility	−698	−727	−617	−379	—
Borrowings under term loans and note payable	12	133	174	0	—
Payments on term loans and finance obligation	−20	−19	−6	−4	—
Payments on finance leases	−5	−8	−9	−8	−6
Purchase of treasury stock	−12	−33	−41	−39	−4
Payment of debt issuance costs	−2	0	0	—	—
Preferred stock dividends	−23,000	−23,000	−23,000	−23,000	−23,000
Net cash (used in) provided by financing activities	−262	130	279	−34	−136
Net increase (decrease) in cash, cash equivalents and restricted cash	39	−403,000	1	−49	49
Cash paid for interest, net of capitalized interest	34	33	11	4	5
Cash paid for income taxes, net	13	15	9	3	23
Exchange of note payable for finance obligation and non-current deposits for property, plant and equipment	21	0	0	—	—
Right-of-use assets obtained in exchange for lease obligations	3	6	10	20	6
Right-of-use assets derecognized upon early lease termination	8	2	4	2	2
Assets acquired from exercise of finance lease purchase options, net of accumulated depreciation	3	7	0	0	—
Property, plant and equipment purchased on account	38,000	307,000	1	1	19,000

Filings

Filing historySign up free to browse every 10-K, 10-Q, 8-K, and proxy this filer has submitted to the SEC.Sign up free · Upgrade to Pro

Material Events

Material EventsTrack every 8-K filing and material event — AI-summarized, timelined, and alertable.Sign up free · Upgrade to Pro

Insiders

Insider ActivitySee executive buy/sell windows and insider trade activity over rolling 30/90/365-day windows.Sign up free · Upgrade to Pro

Institutional Holders

Institutional HoldersSee which funds hold this stock and track position changes quarter over quarter.Sign up free · Upgrade to Pro