Seneca Foods Corp Earnings Per Share Disclosure
3. Earnings per Share
Earnings per share for fiscal years 2025, 2024 and 2023 are as follows (in thousands, except per share amounts):
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Fiscal Year: |
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2025 |
2024 |
2023 |
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Basic |
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Net earnings |
$ | 41,224 | $ | 63,318 | $ | 9,231 | ||||||
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Deduct preferred stock dividends |
23 | 23 | 23 | |||||||||
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Undistributed net earnings |
41,201 | 63,295 | 9,208 | |||||||||
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Earnings attributable to participating preferred shareholders |
48 | 72 | 30 | |||||||||
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Earnings attributable to common shareholders |
$ | 41,153 | $ | 63,223 | $ | 9,178 | ||||||
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Weighted average common shares outstanding |
6,912 | 7,318 | 7,796 | |||||||||
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Basic earnings per common share |
$ | 5.95 | $ | 8.64 | $ | 1.19 | ||||||
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Diluted |
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Earnings attributable to common shareholders |
$ | 41,153 | $ | 63,223 | $ | 9,178 | ||||||
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Add dividends on convertible preferred stock |
20 | 20 | 20 | |||||||||
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Earnings attributable to common stock on a diluted basis |
$ | 41,173 | $ | 63,243 | $ | 9,198 | ||||||
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Weighted average common shares outstanding - basic |
6,912 | 7,318 | 7,796 | |||||||||
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Additional shares to be issued under full conversion of preferred stock |
67 | 67 | 67 | |||||||||
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Total shares for diluted |
6,979 | 7,385 | 7,863 | |||||||||
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Diluted earnings per common share |
$ | 5.90 | $ | 8.56 | $ | 1.16 | ||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Jun 12, 2025 | Showing above |
| 2024 | Jun 13, 2024 | |
| 2023 | Jun 13, 2023 | |
| 2022 | Jun 10, 2022 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.