Here are the 10-Q quarterly reports from Seneca Foods Corp 12 PFD (SENEM) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow SENEM and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full SENEM filings page.
Seneca Foods Corporation reported second-quarter net sales of $492.6 million for the three months ended September 26, 2026, up 7.1% from $460.0 million a year earlier. Six-month sales rose 18.5% to $897.8 million from $757.5 million, driven by higher volume and selling prices/product mix, particularly in canned and frozen vegetables.
Six-month net earnings were $48.7 million, compared with $44.6 million, and diluted earnings per share were $7.12 versus $6.43. Quarterly net earnings were $29.2 million versus $29.7 million. Gross margin was 12.5% for the quarter and 12.2% for six months, compared with 13.4% and 13.7% a year earlier; Seneca attributed the GAAP declines mainly to prior-year LIFO credits versus current-period charges, while stating gross margin increased excluding LIFO effects.
Six-month operating cash flow was $81.1 million, compared with $83.0 million. Seneca used cash on hand for $100.0 million of voluntary prepayments on Amended Term Loan A-2; cash and cash equivalents were $10.7 million as of September 26, 2026. It finalized the Green Giant U.S. frozen business purchase price without adjustment and received $1.7 million of contingent consideration.
Seneca Foods Corporation, a major U.S. producer of packaged fruits and vegetables, reported strong fiscal first quarter 2027 results for the period ended June 27, 2026. Net sales rose to $405.2 million, up 36.2 percent year over year, driven mainly by higher canned and frozen vegetable volumes plus modest pricing and mix benefits. Net earnings increased to $19.5 million from $14.9 million, with basic earnings per share of $2.88. Gross margin declined on a GAAP basis to 11.8 percent from 14.1 percent because the prior-year quarter benefited from a larger LIFO credit; excluding the LIFO impact, management characterizes gross margin as steady year over year. On a FIFO basis, adjusted net earnings were $17.2 million and FIFO EBITDA was $38.0 million.
Operating cash flow strengthened to $109.1 million, supported by earnings and working capital movements, allowing Seneca Foods to reduce term debt and finance obligations to a combined carrying value of $217.1 million and end the quarter with $86.9 million of cash. Long term debt, excluding current portion, fell to $185.4 million, and the revolving credit facility remained largely undrawn with $398.6 million of availability. The company also voluntarily prepaid $50.0 million on its Amended Term Loan A-2 during the quarter and a further $50.0 million in July 2026, repurchased 9,900 Class A shares for $1.4 million, and continues to emphasize seasonal working capital needs, input cost inflation, weather risk, and labor and commodity volatility as important business drivers.
Seneca Foods delivered much stronger results for the quarter and nine months ended December 27, 2025. Quarterly net sales edged up to $508.3 million from $502.9 million, but profit expanded sharply, with net earnings rising to $44.8 million from $14.7 million and diluted EPS increasing to $6.48 from $2.10.
Gross margin improved to 16.4% from 9.8% for the quarter and to 14.8% from 10.9% year-to-date, helped by favorable LIFO inventory credits, lower per-unit production costs in the latest pack, and modest pricing/mix gains. Interest expense was cut roughly in half, as average borrowings on the revolving credit facility declined and the company fully repaid its Term Loan A-1.
For the nine months, net sales grew to $1.27 billion from $1.23 billion and net earnings more than doubled to $89.4 million. Cash from operations was $114.2 million, supporting $27.0 million of capital spending, $8.7 million of share repurchases, and meaningful term-debt reduction, while long-term debt decreased to $242.7 million and cash ended at $33.3 million.