Seneca Foods-B | 10-Q: FY2026 Q2 Revenue: USD 460.02 M

Revenue: As of FY2026 Q2, the actual value is USD 460.02 M.

EPS: As of FY2026 Q2, the actual value is USD 4.29.

EBIT: As of FY2026 Q2, the actual value is USD 43.38 M.

Segment Revenue

• Vegetable Segment: Net sales for the three months ended September 27, 2025, were $422.2 million, compared to $390.4 million for the same period in 2024. For the six months ended September 27, 2025, net sales were $692.5 million, compared to $669.4 million in 2024.
• Fruit and Snack Segment: Net sales for the three months ended September 27, 2025, were $27.8 million, compared to $26.4 million for the same period in 2024. For the six months ended September 27, 2025, net sales were $49.4 million, compared to $48.1 million in 2024.

Operational Metrics

• Operating Income: For the three months ended September 27, 2025, operating income was $41.5 million, compared to $24.7 million for the same period in 2024. For the six months ended September 27, 2025, operating income was $64.7 million, compared to $50.1 million in 2024.
• Net Earnings: For the three months ended September 27, 2025, net earnings were $29.7 million, compared to $13.3 million for the same period in 2024. For the six months ended September 27, 2025, net earnings were $44.6 million, compared to $26.0 million in 2024.

Cash Flow

• Operating Cash Flow: For the six months ended September 27, 2025, cash provided by operating activities was $83.0 million, compared to $125.9 million for the same period in 2024.
• Free Cash Flow: Net cash used in investing activities was - $18.6 million for the six months ended September 27, 2025, compared to - $19.9 million for the same period in 2024.

Unique Metrics

• LIFO Impact: The LIFO credit decreased the cost of products sold by $7.7 million for the three months ended September 27, 2025, and by $19.5 million for the six months ended September 27, 2025.

Future Outlook and Strategy

• Core Business Focus: The company plans to manage costs by locking in prices through short-term supply contracts and advance grower purchase agreements, and by implementing cost-saving measures. It also aims to offset rising input costs by raising sales prices to customers, although increases may lag behind rising input costs.
• Non-Core Business: The company is exploring strategic acquisitions to leverage existing capabilities and further build upon its existing business. It may also utilize its Receivables Purchase Program to manage short-term liquidity and provide working capital flexibility as needed.