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Seneca Foods Corp

SENEA · Consumer Staples

Last earnings Aug 9, 2023

Key results

Net incomequarter

$ 33,138

Twelve Months Ended March 31, March 31, EBITDA and FIFO EBITDA: 2023 2022 Net earnings $ 33,138 $ 51,007 Income tax expense 12,232 15,224 Interest expense, net of interest income 14,325 5,641 Depreciation and amortization 40,941 36,523 Operating lease amortization 11,636 16,680 Interest amortization (270 ) (242 ) EBITDA 112,002 124,833 LIFO charge 100,034 35,821 FIFO EBITDA $ 212,036 $ 160,654 Forward-Looking Information This release contains forward-looking statements as that term is used in the Private Securities Litigation Reform Act of 1995.

SEC original ↗Seneca Foods Corp — Earnings release (8-K exhibit)EX-99Jun 13, 2023

Operating incomequarter

$1.7 million

Note 3: The Company had net other operating income of $1.7 million for the twelve months ended March 31, 2023, which was driven primarily by gains on the sale of the Company s western trucking fleet and an aircraft, along with a favorable true-up of the supplemental early retirement plan accrual.

SEC original ↗Seneca Foods Corp — Earnings release (8-K exhibit)EX-99Jun 13, 2023

AI analysis

Q4 FY2023 · reported Jun 13, 2023

Based on: Earnings release + parent 8-K — transcript not held

Operating income · Q4 FY2023
$1.7M
EX-99 · Jun 13, 2023
Net income · Q4 FY2023
$ 33,138
EX-99 · Jun 13, 2023

Headline figures

MetricQ4 FY2023Prior qtrYear ago
Net income$ 33,138——
Operating income$1.7 million——

EX-99 · Jun 13, 2023

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

These charges were partially offset by a net gain on the sale of assets and a gain from debt forgiveness on an economic development loan.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

Seneca Foods Reports Sales and Earnings for the Quarter and Twelve Months Ended March 31, 2023

Based on: Earnings release + parent 8-K — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

These charges were partially offset by a net gain on the sale of assets and a gain from debt forgiveness on an economic development loan.

SEC original ↗Seneca Foods Corp — Earnings release (8-K exhibit)EX-99Jun 13, 2023

Risks & headwinds

Forward-looking statements are subject to known and unknown risks, uncertainties, and other important factors that could cause actual results to differ materially from those expressed.

SEC original ↗Seneca Foods Corp — Earnings release (8-K exhibit)EX-99Jun 13, 2023

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

British American Tobacco (BTI) Consumer StaplesJBS N.V. (JBS) Consumer StaplesAltria (MO) Consumer StaplesCostco (COST) Consumer StaplesSanfilippo John B & Son Inc. (JBSS) Consumer StaplesPhilip Morris International (PM) Consumer StaplesDollar General (DG) Consumer StaplesFEMSA (FMX) Consumer Staples
Documents

Filings

30 documents

Earnings releases

3 documents

Presentations

0 documents

No presentations for Seneca Foods Corp are held in this edition of the library.

Transcripts

0 documents

No transcripts for Seneca Foods Corp are held in this edition of the library.

See also the earnings calendar for every tracked company’s next earnings date.