Seneca Foods Corp

For the period ended Jun 28, 2025. Filed Aug 7, 2025.

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.

Jun 28, 2025 · Filed Aug 7, 2025

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

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Contents

Seneca Foods Corporation

Quarterly Report on Form 10-Q

Table of Contents

PART I. FINANCIAL INFORMATION
	Item 1. Financial Statements
		Condensed Consolidated Balance Sheets (Unaudited)	1
		Condensed Consolidated Statements of Net Earnings (Unaudited)	2
		Condensed Consolidated Statements of Comprehensive Income (Unaudited)	2
		Condensed Consolidated Statements of Cash Flows (Unaudited)	3
		Condensed Consolidated Statements of Stockholders' Equity (Unaudited)	4
		Notes to Condensed Consolidated Financial Statements (Unaudited)	5
	Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations	16
	Item 3. Quantitative and Qualitative Disclosures about Market Risk	23
	Item 4. Controls and Procedures	23
PART II. OTHER INFORMATION
	Item 1. Legal Proceedings	24
	Item 1A. Risk Factors	24
	Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	24
	Item 3. Defaults Upon Senior Securities	24
	Item 4. Mine Safety Disclosures	24
	Item 5. Other Information	24
	Item 6. Exhibits	24
SIGNATURES	25

CONDENSED CONSOLIDATED BALANCE SHEETS

	June 28, 2025	June 29, 2024	March 31, 2025
Assets
Current assets:
Cash and cash equivalents	$12,072	$5,544	$42,685
Restricted cash	-	7,431	7,705
Accounts receivable, net of allowance for credit losses of $67, $72 and $71, respectively	99,817	96,448	96,330
Inventories	614,435	841,847	603,955
Refundable income taxes	506	597	672
Other current assets	5,485	3,815	4,307
Total current assets	732,315	955,682	755,654
Property, plant and equipment, net	325,492	307,654	324,768
Right-of-use assets operating, net	10,953	13,841	10,004
Right-of-use assets finance, net	12,318	18,660	13,224
Pension assets	76,316	52,254	75,733
Other assets	1,950	21,034	2,046
Total assets	$1,159,344	$1,369,125	$1,181,429
Liabilities and Stockholders' Equity
Current liabilities:
Accounts payable	$85,755	$62,460	$43,580
Note payable	-	13,921	-
Deferred revenue	8,313	5,061	11,140
Accrued vacation	13,220	11,823	12,942
Accrued payroll	11,587	8,425	10,926
Income taxes payable	6,251	7,842	1,686
Other accrued expenses	28,801	32,538	28,592
Current portion of long-term debt, finance and lease obligations	24,419	107,440	105,692
Total current liabilities	178,346	249,510	214,558
Long-term debt	259,497	473,065	253,822
Operating lease obligations	6,997	8,925	6,924
Finance lease obligations	7,559	11,231	8,377
Finance obligation	16,739	-	17,421
Deferred income tax liability, net	32,517	24,161	32,282
Other liabilities	13,517	13,287	15,022
Total liabilities	515,172	780,179	548,406
Commitments and contingencies
Stockholders' equity:
Preferred stock	346	351	346
Common stock	3,051	3,050	3,051
Additional paid-in capital	102,426	100,469	102,376
Treasury stock, at cost	(214,443)	(206,747)	(210,669)
Accumulated other comprehensive loss	(7,836)	(25,380)	(7,836)
Retained earnings	760,628	717,203	745,755
Total stockholders' equity	644,172	588,946	633,023
Total liabilities and stockholders’ equity	$1,159,344	$1,369,125	$1,181,429

ContentsView on SEC.gov

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