--- title: "Seneca Foods-B | 10-Q: FY2026 Q3 Revenue: USD 508.35 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/275032248.md" datetime: "2026-02-05T21:20:23.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/275032248.md) - [en](https://longbridge.com/en/news/275032248.md) - [zh-HK](https://longbridge.com/zh-HK/news/275032248.md) generator: "portal-rs" --- # Seneca Foods-B | 10-Q: FY2026 Q3 Revenue: USD 508.35 M Revenue: As of FY2026 Q3, the actual value is USD 508.35 M. EPS: As of FY2026 Q3, the actual value is USD 6.48. EBIT: As of FY2026 Q3, the actual value is USD 62.77 M. #### Net Sales - **Three Months Ended December 27, 2025, vs. December 28, 2024** - Total net sales for Seneca Foods Corporation increased by $5.4 million, or 1.1%, to $508.3 million in 2025 from $502.9 million in 2024, driven by an $11.2 million increase from selling prices and product mix, partially offset by a $5.8 million decrease from lower sales volume. - Net sales for canned vegetables were $430.2 million in 2025 and $426.2 million in 2024. - Frozen vegetables net sales were $29.3 million in 2025 and $26.9 million in 2024. - Fruit products net sales decreased by $0.9 million to $34.6 million in 2025 from $35.5 million in 2024, primarily due to lower sales volume. - Snack products net sales decreased by $1.3 million to $3.4 million in 2025 from $4.7 million in 2024, due to lower sales volume. - Other category net sales increased by $1.3 million to $10.8 million in 2025 from $9.5 million in 2024. - **Nine Months Ended December 27, 2025, vs. December 28, 2024** - Total net sales for Seneca Foods Corporation increased by $32.8 million, or 2.7%, to $1,265.8 million in 2025 from $1,233.0 million in 2024, due to higher sales volume contributing $16.5 million and a $16.3 million increase from higher selling prices and product mix. - Net sales for canned vegetables were $1,054.9 million in 2025 and $1,031.2 million in 2024. - Frozen vegetables net sales were $97.1 million in 2025 and $91.4 million in 2024. - Fruit products net sales decreased by $1.2 million to $75.4 million in 2025 from $76.6 million in 2024, mainly due to lower sales volume. - Snack products net sales increased by $0.3 million to $11.9 million in 2025 from $11.6 million in 2024. - Other category net sales increased by $4.2 million to $26.5 million in 2025 from $22.2 million in 2024. #### Gross Margin - **Three Months Ended December 27, 2025, vs. December 28, 2024**: Gross margin was 16.4% in 2025 compared to 9.8% in 2024, partly due to a LIFO credit and lower FIFO per unit costs for finished goods from the current year’s seasonal pack. - **Nine Months Ended December 27, 2025, vs. December 28, 2024**: Gross margin was 14.8% in 2025 compared to 10.9% in 2024, driven by increased net sales and a LIFO credit. #### Operating Income - **Three Months Ended December 27, 2025, vs. December 28, 2024**: Operating income increased to $59.9 million in 2025 from $25.7 million in 2024, representing 11.8% of net sales in 2025 compared to 5.1% in 2024. - **Nine Months Ended December 27, 2025, vs. December 28, 2024**: Operating income increased to $124.7 million in 2025 from $75.8 million in 2024, representing 9.8% of net sales in 2025 compared to 6.1% in 2024. #### Segment Earnings Before Income Taxes (FIFO Basis) - **Three Months Ended December 27, 2025, vs. December 28, 2024** - Vegetable segment earnings were $48.4 million in 2025 compared to $23.9 million in 2024. - Fruit and Snack segment earnings were $6.3 million in 2025 compared to $3.9 million in 2024. - Other segment earnings were $1.3 million in 2025 compared to $2.5 million in 2024. - **Nine Months Ended December 27, 2025, vs. December 28, 2024** - Vegetable segment earnings were $77.8 million in 2025 compared to $62.0 million in 2024. - Fruit and Snack segment earnings were $12.8 million in 2025 compared to $9.4 million in 2024. - Other segment earnings were $4.4 million in 2025 compared to $4.5 million in 2024. #### LIFO Impact on Earnings Before Income Taxes - **Three Months Ended December 27, 2025, vs. December 28, 2024**: A LIFO credit of - $2.6 million was recorded in 2025, compared to a LIFO charge of $10.9 million in 2024. - **Nine Months Ended December 27, 2025, vs. December 28, 2024**: A LIFO credit of - $22.1 million was recorded in 2025, compared to a LIFO charge of $23.0 million in 2024. #### Selling, General, and Administrative Expense - **Three Months Ended December 27, 2025, vs. December 28, 2024**: These expenses increased by $1.0 million, remaining relatively flat as a percentage of net sales at 4.6% in 2025 compared to 4.5% in 2024, due to routine workforce-related costs. - **Nine Months Ended December 27, 2025, vs. December 28, 2024**: These expenses increased by $4.7 million, remaining relatively flat as a percentage of net sales at 5.0% in 2025 compared to 4.7% in 2024, due to routine workforce-related costs. #### Other Operating (Income) Expense, Net - **Three Months Ended December 27, 2025, vs. December 28, 2024**: A net operating income of $0.1 million was reported in 2025, primarily from asset sales, compared to a net operating expense of $0.8 million in 2024, mainly from asset disposals. - **Nine Months Ended December 27, 2025, vs. December 28, 2024**: A net operating income of $0.4 million was reported in 2025, primarily from asset sales, compared to a net operating expense of $0.7 million in 2024, mainly from asset disposals and minimal restructuring charges. #### Other Non-Operating Income - **Three Months Ended December 27, 2025, vs. December 28, 2024**: Totaled $2.8 million in 2025 and $1.5 million in 2024, consisting of non-service related pension amounts. - **Nine Months Ended December 27, 2025, vs. December 28, 2024**: Totaled $6.6 million in 2025 and $4.3 million in 2024, consisting of non-service related pension amounts. #### Interest Expense, Net - **Three Months Ended December 27, 2025, vs. December 28, 2024**: Decreased to $4.1 million in 2025 from $7.8 million in 2024, primarily due to lower average borrowings and a lower weighted average interest rate on the revolving credit facility. - **Nine Months Ended December 27, 2025, vs. December 28, 2024**: Decreased to $14.2 million in 2025 from $27.2 million in 2024, primarily due to lower average borrowings and a lower weighted average interest rate on the revolving credit facility. #### Cash Flow (Nine Months Ended December 27, 2025, vs. December 28, 2024) - Net cash provided by operating activities was $114.2 million in 2025 compared to $243.6 million in 2024. - Net cash used in investing activities was - $26.5 million in 2025, compared to - $28.9 million in 2024. - Net cash used in financing activities was - $104.7 million in 2025, compared to - $213.7 million in 2024. #### Unique Metrics and Strategic Summary - **Seasonal Pack Impact**: The fiscal year 2026 seasonal pack benefited from improved crop yields and less challenging growing conditions, leading to a larger pack size and lower per unit costs compared to the prior year. A strong cash position minimized the use of the revolving credit facility. - **Receivables Purchase Program (RPA)**: On August 12, 2025, Seneca Foods Corporation entered into an RPA with Wells Fargo Bank, N.A. to sell accounts receivable at a discount for cash, with an outstanding purchase limit of $50.0 million, aimed at managing liquidity and working capital flexibility. As of December 27, 2025, $0.2 million of receivables had been sold under the program. - **Liquidity and Debt Management**: Seneca Foods Corporation believes its operations and existing liquidity sources will satisfy cash requirements for at least the next twelve months, and the Company was in compliance with all covenants for its Revolver and Amended Term Loan A-2 as of December 27, 2025. ### Related Stocks - [SENEB.US](https://longbridge.com/en/quote/SENEB.US.md) ## Related News & Research - [Is Seneca Foods (SENE.A) Using ESOP Share Plans to Redefine Its Long-Term Capital Strategy?](https://longbridge.com/en/news/295954484.md) - [Tom Lee Sees ETH 'Easily' Hitting $10,000, Says BitMine Could Buy More Than 5%](https://longbridge.com/en/news/296958709.md) - [Anxious investors hope for clarity on Warsh's Fed plan at Jackson Hole](https://longbridge.com/en/news/297022365.md) - [Nike Stock Drop Hits Founder’s Net Worth: Phil Knight Nears Exit of Top 100 Richest](https://longbridge.com/en/news/296957879.md) - [Why Brinker International (EAT) Is Up 5.5% After Strong Q4 Earnings And 2027 Revenue Guidance](https://longbridge.com/en/news/297045967.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**