Seneca Foods Corp

For the period ended Sep 28, 2024. Filed Nov 6, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 28, 2024 · Filed Nov 6, 2024

SENEB$148.31-2.5%Stored close · as of Nov 4, 2026

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Contents

Condensed Consolidated Statements of Net Earnings (Unaudited)

SENECA FOODS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF NET EARNINGS

(In thousands, except per share data)

(Unaudited)

	Three Months Ended		Six Months Ended
	September 28, 2024	September 30, 2023	September 28, 2024	September 30, 2023
Net sales	$425,465	$407,475	$730,192	$706,139
Costs and expenses:
Cost of products sold	382,594	349,357	644,630	592,732
Selling, general, and administrative expense	18,068	21,031	35,548	40,880
Plant restructuring	180	9	376	149
Other operating income, net	(56)	(1,346)	(484)	(1,543)
Total costs and expenses	400,786	369,051	680,070	632,218
Operating income	24,679	38,424	50,122	73,921
Other income and expenses:
Other non-operating income	(1,402)	(1,338)	(2,805)	(2,675)
Interest expense, net	9,013	7,185	19,358	13,758
Earnings before income taxes	17,068	32,577	33,569	62,838
Income taxes	3,765	7,798	7,605	14,948
Net earnings	$13,303	$24,779	$25,964	$47,890
Earnings per share:
Basic	$1.92	$3.32	$3.74	$6.36
Diluted	$1.90	$3.29	$3.70	$6.30
Weighted average common shares outstanding:
Basic	6,915	7,445	6,938	7,521
Diluted	6,982	7,512	7,005	7,588

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.