Seneca Foods Cp B (SENEB) 36.83 $SENEB
Seneca Foods Reports Earnings of $13.8 Million or $1.38 per Diluted Share for the Fourth Quarter of Fiscal Year 2016
GlobeNewswire - Wed Jun 08, 3:58PM CDT
Seneca Foods Corporation (NASDAQ:SENEA) (NASDAQ:SENEB) reported that net earnings for the fiscal fourth quarter of 2016 was $13.8 million, or $1.38 per diluted share, compared to $2.8 million, or $0.26 per diluted share, in the fiscal fourth quarter of 2015. Net sales for the fourth quarter ended March 31, 2016, increased from the fourth quarter ended March 31, 2015, by 9.3%, to $303.7 million. The increase is attributable to increased sales volume of $52.4 million partially offset by lower selling prices/less favorable sales mix of $26.7 million.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods posts 3Q profit
Automated Insights - Tue Feb 02, 4:15PM CST
MARION, N.Y. (AP) _ Seneca Foods Corp. (SENEA) on Tuesday reported fiscal third-quarter net income of $31.1 million.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Reports Net Earnings of $6.5 Million for the Quarter Ended September 26, 2015
GlobeNewswire - Mon Nov 02, 3:15PM CST
Seneca Foods Corporation (NASDAQ:SENEA) (NASDAQ:SENEB) reported for the second quarter of 2016, net earnings of $6.5 million, or $0.65 per diluted share, compared to a net loss of $0.6 million, or $(0.05) per diluted share, in the fiscal second quarter of 2016. Net sales for the second quarter ended September 26, 2015 increased from the second quarter ended September 27, 2014 by 0.3%, or $1.0 million to $313.2 million. The increase is attributable to a favorable sales mix and higher selling prices of $4.0 million partially offset a by a sales volume decrease of $2.9 million.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Completes the Acquisition of Gray & Company
GlobeNewswire - Mon Nov 02, 8:30AM CST
Seneca Foods Corporation (the "Company"
(NASDAQ:SENEA) (NASDAQ:SENEB) and Gray & Company announced today that Seneca has completed the acquisition of Gray & Company. This business, based in Hart, Michigan, is the world's leading provider of maraschino cherries and one of the largest providers of glace or candied fruit products. Its product suite is sold via branded and private label items to the retail, club stores, foodservice and industrial markets.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Obituary: Jack Leppert, Former President of S.S. Pierce, Division of Seneca Foods Corporation, Was a Leader in the Foodservice Distribution Business
GlobeNewswire - Wed Sep 16, 11:24AM CDT
John D. "Jack" Leppert passed away Monday, September 14 at the Sunset Village Retirement Community in Sylvania, Ohio. He was 93 years old.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Reports Net Earnings of $3.0 Million for the Quarter Ended June 27, 2015
GlobeNewswire - Fri Jul 31, 3:15PM CDT
Seneca Foods Corporation (NASDAQ:SENEA) (NASDAQ:SENEB) reported for the first quarter of 2016, net earnings of $3.0 million, or $0.29 per diluted share, compared to a net loss of $0.1 million, or $(0.01) per diluted share, in the fiscal first quarter of 2015. Net sales for the first quarter ended June 27, 2015 decreased from the first quarter ended June 28, 2014 by 5.7%, or $13.8 million to $226.3 million. The decrease is attributable to a sales volume decrease of $16.6 million partially offset by a favorable sales mix and higher selling prices of $2.8 million. A major portion of the lower sales was due to a $7.7 million reduction in Canned Vegetable sales.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Reports Earnings of $2.8 Million or $0.26 per Diluted Share for the Fourth Quarter of Fiscal Year 2015
GlobeNewswire - Tue Jun 09, 3:15PM CDT
Seneca Foods Corporation (Nasdaq:SENEA) (Nasdaq:SENEB) reported that net earnings for the fiscal fourth quarter of 2015 was $2.8 million, or $0.26 per diluted share, compared to a loss of $(1.0) million, or $(0.09) per diluted share, in the fiscal fourth quarter of 2014. Net sales for the fourth quarter ended March 31, 2015, decreased from the fourth quarter ended March 31, 2014, by 5.4%, to $277.9 million. The decrease is attributable to decreased sales volume of $25.0 million partially offset by higher selling prices/more favorable sales mix of $9.2 million.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Announces Termination of Definitive Agreement With Pacific Coast Producers
GlobeNewswire - Thu May 28, 10:00AM CDT
Seneca Foods Corporation (Nasdaq:SENEA) (Nasdaq:SENEB) and Pacific Coast Producers announced today that the asset purchase agreement between the two companies has been terminated, and that Pacific Coast Producers will not be acquiring the Modesto, California facility and associated business from Seneca Foods. Both companies received a "second request" letter from the Department of Justice on Tuesday, May 26. In light of the delay associated with the request, both companies agreed that it was in our mutual best interests to terminate the agreement, and focus our efforts on upcoming production season. Dan Vincent, CEO of Pacific Coast Producers, and Kraig Kayser, CEO of Seneca Foods jointly said "it is a discouraging outcome given the many very real challenges facing our industry; however our immediate priority must be to focus on the pack as the harvest is just weeks away."
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Announces Definitive Agreement with Pacific Coast Producers
GlobeNewswire - Mon Mar 23, 10:00AM CDT
Seneca Foods Corporation (Nasdaq:SENEA) (Nasdaq:SENEB) and Pacific Coast Producers announced today that they have entered into an Asset Purchase Agreement whereby Pacific Coast Producers will acquire Seneca's Modesto, California fruit processing facility, and its related business. The transaction is expected to close in the next 60-75 days after meeting customary closing conditions. This transaction does not involve any of the other fruit processing facilities owned by Seneca Foods.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Nasdaq stocks posting largest volume increases
AP - Tue Mar 10, 5:08PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
HTBX: 0.66 (-0.01), FCCY: 11.83 (-0.16), PCO: 0.54 (+0.03), BBNK: 29.80 (-0.21), WBB: 19.50 (+0.10), ANAT: 111.40 (+1.28), EXA: 14.94 (+0.43), REPH: 7.95 (-0.24), SENEB: 36.83 (-1.02), CLMT: 4.53 (+0.10), CART: 5.90 (-0.16), MERU: 1.62 (-0.01), SENEA: 38.32 (+0.36), PBSK: 17.86 (+0.16)
Seneca Foods Announces Expanded Share Repurchase Program
GlobeNewswire - Tue Mar 10, 3:15PM CDT
Seneca Foods Corporation (Nasdaq:SENEA) (Nasdaq:SENEB) announced today that its Board of Directors has authorized an expanded share repurchase program. The Company had previously announced a share repurchase program. Under this previously announced program, the Company still has available 584,814 shares to be repurchased as of March 6, 2015. The new program permits the Company to buy up to a total of 2,500,000 common shares, whether Class A or Class B shares, in open market or privately negotiated transactions at the discretion of management.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Reports Net Earnings of $7.8 Million for the Quarter Ended December 27, 2014
GlobeNewswire - Mon Feb 02, 3:15PM CST
Seneca Foods Corporation (Nasdaq:SENEA) (Nasdaq:SENEB) reported for the third quarter of 2015, net earnings of $7.8 million, or $0.71 per diluted share, compared to net earnings of $6.8 million, or $0.61 per diluted share, in the fiscal third quarter of 2014. Net sales for the third quarter ended December 27, 2014 decreased from the third quarter ended December 28, 2013 by 4.5%, or $21.5 million to $456.2 million. The decrease is attributable to a sales volume decrease of $32.3 million partially offset by favorable sales mix and higher selling prices of $10.8 million. A major portion of the lower sales was due to a $12.4 million reduction in Canned Fruit sales as a result of the second short pack in a row. During the quarter ended December 27, 2014, the Company recorded a gain of $5.0 million related to a contractual payment received in connection with the closing of a Midwest plant which is included in other operating income in the Unaudited Condensed Consolidated Statements of Net Earnings.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Reports Net Loss of $0.6 Million for the Quarter Ended September 27, 2014
GlobeNewswire - Thu Oct 23, 3:16PM CDT
Seneca Foods Corporation (Nasdaq:SENEA) (Nasdaq:SENEB) reported for the second quarter of 2015, a net loss of $0.6 million, or $(0.05) per diluted share, compared to net earnings of $6.6 million, or $0.59 per diluted share, in the fiscal second quarter of 2014. Net sales for the second quarter ended September 27, 2014 decreased from the second quarter ended September 28, 2013 by 7.3%, or $24.5 million to $312.2 million. The decrease is attributable to a sales volume decrease of $36.0 million partially offset by favorable sales mix and higher selling prices of $11.5 million. A major portion of the lower sales was due to a timing issue. This year's sale of certain commodities under the General Mills Alliance fell in third quarter, versus the second quarter last year, due to cooler weather conditions.
GIS: 72.46 (+0.44), SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Reports Earnings of $13.8 Million or $1.38 per Diluted Share for the Fourth Quarter of Fiscal Year 2016
GlobeNewswire - Wed Jun 08, 3:58PM CDT
Seneca Foods Corporation (NASDAQ:SENEA) (NASDAQ:SENEB) reported that net earnings for the fiscal fourth quarter of 2016 was $13.8 million, or $1.38 per diluted share, compared to $2.8 million, or $0.26 per diluted share, in the fiscal fourth quarter of 2015. Net sales for the fourth quarter ended March 31, 2016, increased from the fourth quarter ended March 31, 2015, by 9.3%, to $303.7 million. The increase is attributable to increased sales volume of $52.4 million partially offset by lower selling prices/less favorable sales mix of $26.7 million.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods posts 3Q profit
Automated Insights - Tue Feb 02, 4:15PM CST
MARION, N.Y. (AP) _ Seneca Foods Corp. (SENEA) on Tuesday reported fiscal third-quarter net income of $31.1 million.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Reports Net Earnings of $6.5 Million for the Quarter Ended September 26, 2015
GlobeNewswire - Mon Nov 02, 3:15PM CST
Seneca Foods Corporation (NASDAQ:SENEA) (NASDAQ:SENEB) reported for the second quarter of 2016, net earnings of $6.5 million, or $0.65 per diluted share, compared to a net loss of $0.6 million, or $(0.05) per diluted share, in the fiscal second quarter of 2016. Net sales for the second quarter ended September 26, 2015 increased from the second quarter ended September 27, 2014 by 0.3%, or $1.0 million to $313.2 million. The increase is attributable to a favorable sales mix and higher selling prices of $4.0 million partially offset a by a sales volume decrease of $2.9 million.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Completes the Acquisition of Gray & Company
GlobeNewswire - Mon Nov 02, 8:30AM CST
Seneca Foods Corporation (the "Company"
(NASDAQ:SENEA) (NASDAQ:SENEB) and Gray & Company announced today that Seneca has completed the acquisition of Gray & Company. This business, based in Hart, Michigan, is the world's leading provider of maraschino cherries and one of the largest providers of glace or candied fruit products. Its product suite is sold via branded and private label items to the retail, club stores, foodservice and industrial markets. SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Obituary: Jack Leppert, Former President of S.S. Pierce, Division of Seneca Foods Corporation, Was a Leader in the Foodservice Distribution Business
GlobeNewswire - Wed Sep 16, 11:24AM CDT
John D. "Jack" Leppert passed away Monday, September 14 at the Sunset Village Retirement Community in Sylvania, Ohio. He was 93 years old.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Reports Net Earnings of $3.0 Million for the Quarter Ended June 27, 2015
GlobeNewswire - Fri Jul 31, 3:15PM CDT
Seneca Foods Corporation (NASDAQ:SENEA) (NASDAQ:SENEB) reported for the first quarter of 2016, net earnings of $3.0 million, or $0.29 per diluted share, compared to a net loss of $0.1 million, or $(0.01) per diluted share, in the fiscal first quarter of 2015. Net sales for the first quarter ended June 27, 2015 decreased from the first quarter ended June 28, 2014 by 5.7%, or $13.8 million to $226.3 million. The decrease is attributable to a sales volume decrease of $16.6 million partially offset by a favorable sales mix and higher selling prices of $2.8 million. A major portion of the lower sales was due to a $7.7 million reduction in Canned Vegetable sales.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Reports Earnings of $2.8 Million or $0.26 per Diluted Share for the Fourth Quarter of Fiscal Year 2015
GlobeNewswire - Tue Jun 09, 3:15PM CDT
Seneca Foods Corporation (Nasdaq:SENEA) (Nasdaq:SENEB) reported that net earnings for the fiscal fourth quarter of 2015 was $2.8 million, or $0.26 per diluted share, compared to a loss of $(1.0) million, or $(0.09) per diluted share, in the fiscal fourth quarter of 2014. Net sales for the fourth quarter ended March 31, 2015, decreased from the fourth quarter ended March 31, 2014, by 5.4%, to $277.9 million. The decrease is attributable to decreased sales volume of $25.0 million partially offset by higher selling prices/more favorable sales mix of $9.2 million.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Announces Termination of Definitive Agreement With Pacific Coast Producers
GlobeNewswire - Thu May 28, 10:00AM CDT
Seneca Foods Corporation (Nasdaq:SENEA) (Nasdaq:SENEB) and Pacific Coast Producers announced today that the asset purchase agreement between the two companies has been terminated, and that Pacific Coast Producers will not be acquiring the Modesto, California facility and associated business from Seneca Foods. Both companies received a "second request" letter from the Department of Justice on Tuesday, May 26. In light of the delay associated with the request, both companies agreed that it was in our mutual best interests to terminate the agreement, and focus our efforts on upcoming production season. Dan Vincent, CEO of Pacific Coast Producers, and Kraig Kayser, CEO of Seneca Foods jointly said "it is a discouraging outcome given the many very real challenges facing our industry; however our immediate priority must be to focus on the pack as the harvest is just weeks away."
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Announces Definitive Agreement with Pacific Coast Producers
GlobeNewswire - Mon Mar 23, 10:00AM CDT
Seneca Foods Corporation (Nasdaq:SENEA) (Nasdaq:SENEB) and Pacific Coast Producers announced today that they have entered into an Asset Purchase Agreement whereby Pacific Coast Producers will acquire Seneca's Modesto, California fruit processing facility, and its related business. The transaction is expected to close in the next 60-75 days after meeting customary closing conditions. This transaction does not involve any of the other fruit processing facilities owned by Seneca Foods.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Nasdaq stocks posting largest volume increases
AP - Tue Mar 10, 5:08PM CDT
NEW YORK (AP) — A look at the 10 biggest volume gainers on Nasdaq at the close of trading:
HTBX: 0.66 (-0.01), FCCY: 11.83 (-0.16), PCO: 0.54 (+0.03), BBNK: 29.80 (-0.21), WBB: 19.50 (+0.10), ANAT: 111.40 (+1.28), EXA: 14.94 (+0.43), REPH: 7.95 (-0.24), SENEB: 36.83 (-1.02), CLMT: 4.53 (+0.10), CART: 5.90 (-0.16), MERU: 1.62 (-0.01), SENEA: 38.32 (+0.36), PBSK: 17.86 (+0.16)
Seneca Foods Announces Expanded Share Repurchase Program
GlobeNewswire - Tue Mar 10, 3:15PM CDT
Seneca Foods Corporation (Nasdaq:SENEA) (Nasdaq:SENEB) announced today that its Board of Directors has authorized an expanded share repurchase program. The Company had previously announced a share repurchase program. Under this previously announced program, the Company still has available 584,814 shares to be repurchased as of March 6, 2015. The new program permits the Company to buy up to a total of 2,500,000 common shares, whether Class A or Class B shares, in open market or privately negotiated transactions at the discretion of management.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Reports Net Earnings of $7.8 Million for the Quarter Ended December 27, 2014
GlobeNewswire - Mon Feb 02, 3:15PM CST
Seneca Foods Corporation (Nasdaq:SENEA) (Nasdaq:SENEB) reported for the third quarter of 2015, net earnings of $7.8 million, or $0.71 per diluted share, compared to net earnings of $6.8 million, or $0.61 per diluted share, in the fiscal third quarter of 2014. Net sales for the third quarter ended December 27, 2014 decreased from the third quarter ended December 28, 2013 by 4.5%, or $21.5 million to $456.2 million. The decrease is attributable to a sales volume decrease of $32.3 million partially offset by favorable sales mix and higher selling prices of $10.8 million. A major portion of the lower sales was due to a $12.4 million reduction in Canned Fruit sales as a result of the second short pack in a row. During the quarter ended December 27, 2014, the Company recorded a gain of $5.0 million related to a contractual payment received in connection with the closing of a Midwest plant which is included in other operating income in the Unaudited Condensed Consolidated Statements of Net Earnings.
SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
Seneca Foods Reports Net Loss of $0.6 Million for the Quarter Ended September 27, 2014
GlobeNewswire - Thu Oct 23, 3:16PM CDT
Seneca Foods Corporation (Nasdaq:SENEA) (Nasdaq:SENEB) reported for the second quarter of 2015, a net loss of $0.6 million, or $(0.05) per diluted share, compared to net earnings of $6.6 million, or $0.59 per diluted share, in the fiscal second quarter of 2014. Net sales for the second quarter ended September 27, 2014 decreased from the second quarter ended September 28, 2013 by 7.3%, or $24.5 million to $312.2 million. The decrease is attributable to a sales volume decrease of $36.0 million partially offset by favorable sales mix and higher selling prices of $11.5 million. A major portion of the lower sales was due to a timing issue. This year's sale of certain commodities under the General Mills Alliance fell in third quarter, versus the second quarter last year, due to cooler weather conditions.
GIS: 72.46 (+0.44), SENEB: 36.83 (-1.02), SENEA: 38.32 (+0.36)
