Latest Seneca Foods (SENEB) Headlines Seneca Fo
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Posted On: 03/13/2014 2:21:47 AM
Latest Seneca Foods (SENEB) Headlines
Seneca Foods Reports Net Sales Increase of $25.0 Million for the Quarter Ended December 28, 2013
PR Newswire - Wed Jan 29, 3:15PM CST
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported for the third quarter of 2014, net earnings of $6.8 million, or $0.61 per diluted share, compared to $14.8 million, or $1.32 per diluted share, in the fiscal third quarter of 2013. Net sales for the third quarter ended December 28, 2013 increased from the third quarter ended December 29, 2012 by 5.5%, or $25.0 million to $477.7 million. The increase is attributable to favorable sales mix and higher selling prices of $18.3 million and a sales volume increase of $6.7 million.
Seneca Foods Enters into a Purchase Agreement with Allens
PR Newswire - Tue Dec 17, 7:00AM CST
Seneca Foods Corporation (the "Company") (NASDAQ: SENEA, SENEB) today confirmed that it has entered into an Asset Purchase Agreement (the "Purchase Agreement") to acquire substantially all the operating assets of Allens, Inc. ("Allens") for a purchase price of approximately $148.0 million, subject to a working capital adjustment, plus the assumption of certain liabilities. The transaction is expected to be consummated through a court-supervised process under Section 363 of the U.S. Bankruptcy Code and is subject to an auction and Bankruptcy Court approval. On October 28, 2013, Allens filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Western District of Arkansas in Fayetteville, Arkansas. The Purchase Agreement with the Company will serve as the "stalking-horse bid" in the auction process. Allens will be seeking Bankruptcy Court approval of Seneca's Asset Purchase Agreement as the stalking horse bid and certain bid procedures at a hearing in the near future.
3 Stocks Near 52-Week Lows Worth Buying
Sean Williams, The Motley Fool - Motley Fool - Tue Oct 29, 3:13PM CDT
Just as we examine companies each week that may be rising past their fair value , we can also find companies potentially trading at bargain prices. While many investors would rather have nothing to do with companies wallowing at 52-week lows, I...
Seneca Foods Reports Net Sales increase of $19.0 Million for the Quarter Ended September 28, 2013
PR Newswire - Wed Oct 23, 3:15PM CDT
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported for the second quarter of 2014, net earnings of $6.6 million, or $0.59 per diluted share, compared to $14.5 million, or $1.22 per diluted share, in the fiscal second quarter of 2013. Net sales for the second quarter ended September 28, 2013 increased from the second quarter ended September 29, 2012 by 6.0%, or $19.0 million to $336.6 million. The increase is attributable to a sales volume increase of $26.9 million partially offset by a less favorable sales mix and lower selling prices of $7.9 million. $15.0 million of the sales volume increase can be attributed to sales from the Green Giant Alliance which took place in the Company's third quarter during the prior year.
Seneca Foods Reports Net Sales increase of $1.1 Million for the Three Months Ended June 29, 2013
PR Newswire - Thu Aug 01, 3:15PM CDT
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported net earnings for the fiscal quarter ended June 29, 2013 of $1.3 million, or $0.12 per diluted share, compared to $8.2 million, or $0.67 per diluted share for the same period in the prior year. In the first quarter of fiscal 2014, net sales increased $1.1 million, or 0.5% to $232.1 million. The increase in net sales is attributable to higher sales volume of $12.5 million partially offset by lower selling prices/unfavorable sales mix of $11.4 million.
Report: Canned sweet corn big business in Wis.
By M.L. JOHNSON - AP - Thu Jul 11, 9:54AM CDT
MILWAUKEE (AP) — Food manufacturing plays an important role in the Wisconsin economy, with sweet corn alone accounting for hundreds of jobs and $130 million in spending, according to a study released Wednesday by the University of Wisconsin-Whitewater.
Seneca Foods Reports Earnings of $41.4 Million or $3.57 per Diluted Share for Fiscal Year 2013
PR Newswire - Thu May 23, 3:15PM CDT
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported that net earnings for the fiscal year ended March 31, 2013, increased 267.9% to $41.4 million, or $3.57 per diluted share, compared to $11.3 million, or $0.92 per diluted share, in the fiscal year ended March 31, 2012. Net sales for the fiscal year ended March 31, 2013, increased from the fiscal year ended March 31, 2012 by 1.5%, to $1,276.3 million. The increase is attributable to increased selling prices and improved sales mix of $34.3 million partially offset by a sales volume reduction of $15.8 million.
Second Harvest Heartland Announces 2013 Hunger Heroes
PR Newswire - Tue Apr 02, 1:41PM CDT
Second Harvest Heartland, a member of Feeding America and one of the nation's largest food banks, is pleased today to announce the recipients of its fourth annual Hunger Hero award, an award created to honor and recognize organizational partners who make a compassionate and transformational impact on those who are hungry in the heartland.
Seneca Foods Reports Net Earnings Increase of $24.1 Million for the Nine Months Ended December 29, 2012
PR Newswire - Thu Jan 31, 3:44PM CST
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported net earnings for the fiscal nine months ended December 29, 2012 of $37.5 million, or $3.19 per diluted share, compared to $13.4 million, or $1.10 per diluted share for the same period in the prior year. In the first nine months of fiscal 2013, net sales increased $14.0 million, or 1.4% to $1,001.4 million. The increase is attributable to higher selling prices and a more favorable sales mix of $32.0 million partially offset by a sales volume decrease of $18.0 million.
Seneca Foods Completes the Acquisition of Independent Foods LLC
PR Newswire - Tue Jan 15, 3:45PM CST
Seneca Foods Corporation (the "Company") (NASDAQ: SENEA, SENEB) announced today that it completed the acquisition of Independent Foods, LLC. This business, based in Sunnyside, Washington, is a processor of canned pears, apples and cherries in the United States. Its product suite is sold via branded and private label items to the retail, foodservice and industrial markets.
Nasdaq stocks posting largest percentage decreases
AP - Wed Dec 26, 12:30PM CST
NEW YORK (AP) — A look at the 10 biggest percentage decliners on Nasdaq at 1 p.m.:
Seneca Foods Reports Net Sales Increase of $25.0 Million for the Quarter Ended December 28, 2013
PR Newswire - Wed Jan 29, 3:15PM CST
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported for the third quarter of 2014, net earnings of $6.8 million, or $0.61 per diluted share, compared to $14.8 million, or $1.32 per diluted share, in the fiscal third quarter of 2013. Net sales for the third quarter ended December 28, 2013 increased from the third quarter ended December 29, 2012 by 5.5%, or $25.0 million to $477.7 million. The increase is attributable to favorable sales mix and higher selling prices of $18.3 million and a sales volume increase of $6.7 million.
Seneca Foods Enters into a Purchase Agreement with Allens
PR Newswire - Tue Dec 17, 7:00AM CST
Seneca Foods Corporation (the "Company") (NASDAQ: SENEA, SENEB) today confirmed that it has entered into an Asset Purchase Agreement (the "Purchase Agreement") to acquire substantially all the operating assets of Allens, Inc. ("Allens") for a purchase price of approximately $148.0 million, subject to a working capital adjustment, plus the assumption of certain liabilities. The transaction is expected to be consummated through a court-supervised process under Section 363 of the U.S. Bankruptcy Code and is subject to an auction and Bankruptcy Court approval. On October 28, 2013, Allens filed a petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Western District of Arkansas in Fayetteville, Arkansas. The Purchase Agreement with the Company will serve as the "stalking-horse bid" in the auction process. Allens will be seeking Bankruptcy Court approval of Seneca's Asset Purchase Agreement as the stalking horse bid and certain bid procedures at a hearing in the near future.
3 Stocks Near 52-Week Lows Worth Buying
Sean Williams, The Motley Fool - Motley Fool - Tue Oct 29, 3:13PM CDT
Just as we examine companies each week that may be rising past their fair value , we can also find companies potentially trading at bargain prices. While many investors would rather have nothing to do with companies wallowing at 52-week lows, I...
Seneca Foods Reports Net Sales increase of $19.0 Million for the Quarter Ended September 28, 2013
PR Newswire - Wed Oct 23, 3:15PM CDT
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported for the second quarter of 2014, net earnings of $6.6 million, or $0.59 per diluted share, compared to $14.5 million, or $1.22 per diluted share, in the fiscal second quarter of 2013. Net sales for the second quarter ended September 28, 2013 increased from the second quarter ended September 29, 2012 by 6.0%, or $19.0 million to $336.6 million. The increase is attributable to a sales volume increase of $26.9 million partially offset by a less favorable sales mix and lower selling prices of $7.9 million. $15.0 million of the sales volume increase can be attributed to sales from the Green Giant Alliance which took place in the Company's third quarter during the prior year.
Seneca Foods Reports Net Sales increase of $1.1 Million for the Three Months Ended June 29, 2013
PR Newswire - Thu Aug 01, 3:15PM CDT
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported net earnings for the fiscal quarter ended June 29, 2013 of $1.3 million, or $0.12 per diluted share, compared to $8.2 million, or $0.67 per diluted share for the same period in the prior year. In the first quarter of fiscal 2014, net sales increased $1.1 million, or 0.5% to $232.1 million. The increase in net sales is attributable to higher sales volume of $12.5 million partially offset by lower selling prices/unfavorable sales mix of $11.4 million.
Report: Canned sweet corn big business in Wis.
By M.L. JOHNSON - AP - Thu Jul 11, 9:54AM CDT
MILWAUKEE (AP) — Food manufacturing plays an important role in the Wisconsin economy, with sweet corn alone accounting for hundreds of jobs and $130 million in spending, according to a study released Wednesday by the University of Wisconsin-Whitewater.
Seneca Foods Reports Earnings of $41.4 Million or $3.57 per Diluted Share for Fiscal Year 2013
PR Newswire - Thu May 23, 3:15PM CDT
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported that net earnings for the fiscal year ended March 31, 2013, increased 267.9% to $41.4 million, or $3.57 per diluted share, compared to $11.3 million, or $0.92 per diluted share, in the fiscal year ended March 31, 2012. Net sales for the fiscal year ended March 31, 2013, increased from the fiscal year ended March 31, 2012 by 1.5%, to $1,276.3 million. The increase is attributable to increased selling prices and improved sales mix of $34.3 million partially offset by a sales volume reduction of $15.8 million.
Second Harvest Heartland Announces 2013 Hunger Heroes
PR Newswire - Tue Apr 02, 1:41PM CDT
Second Harvest Heartland, a member of Feeding America and one of the nation's largest food banks, is pleased today to announce the recipients of its fourth annual Hunger Hero award, an award created to honor and recognize organizational partners who make a compassionate and transformational impact on those who are hungry in the heartland.
Seneca Foods Reports Net Earnings Increase of $24.1 Million for the Nine Months Ended December 29, 2012
PR Newswire - Thu Jan 31, 3:44PM CST
Seneca Foods Corporation (NASDAQ: SENEA, SENEB) reported net earnings for the fiscal nine months ended December 29, 2012 of $37.5 million, or $3.19 per diluted share, compared to $13.4 million, or $1.10 per diluted share for the same period in the prior year. In the first nine months of fiscal 2013, net sales increased $14.0 million, or 1.4% to $1,001.4 million. The increase is attributable to higher selling prices and a more favorable sales mix of $32.0 million partially offset by a sales volume decrease of $18.0 million.
Seneca Foods Completes the Acquisition of Independent Foods LLC
PR Newswire - Tue Jan 15, 3:45PM CST
Seneca Foods Corporation (the "Company") (NASDAQ: SENEA, SENEB) announced today that it completed the acquisition of Independent Foods, LLC. This business, based in Sunnyside, Washington, is a processor of canned pears, apples and cherries in the United States. Its product suite is sold via branded and private label items to the retail, foodservice and industrial markets.
Nasdaq stocks posting largest percentage decreases
AP - Wed Dec 26, 12:30PM CST
NEW YORK (AP) — A look at the 10 biggest percentage decliners on Nasdaq at 1 p.m.:
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