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Seneca Foods Corporation (SENE) investor relations material

Seneca Foods Corporation Q1 2026 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q1 2026 earnings summary7 Aug, 2025

Executive summary

  • Net sales for the quarter ended June 28, 2025, were $297.5 million, down 2.4% year-over-year due to lower sales volumes, partially offset by higher prices and favorable product mix.

  • Net earnings increased to $14.9 million from $12.7 million in the prior year quarter, driven by a larger LIFO credit and lower interest expense.

  • Operating income was $23.2 million, a decrease from $25.4 million year-over-year, with gross margin relatively flat at 14.1%.

Financial highlights

  • Gross margin was 14.1% compared to 14.0% in the prior year quarter, benefiting from an $11.8 million LIFO credit.

  • EBITDA for the quarter was $37.0 million; FIFO EBITDA was $25.2 million, reflecting the LIFO adjustment.

  • Cash provided by operating activities was $53.7 million, up from $50.3 million year-over-year.

  • Net cash used in investing activities was $11.2 million, primarily for capital expenditures.

  • Net cash used in financing activities was $80.8 million, mainly due to term loan repayments and treasury stock purchases.

Outlook and guidance

  • Management expects working capital needs to rise as the seasonal pack progresses, with inventory replenishment following a lower prior year pack.

  • The company believes existing operations and liquidity sources will meet cash requirements for at least the next twelve months.

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Frequently asked questions

Seneca Foods Corporation is a U.S.-based company that specializes in providing packaged fruits and vegetables, serving both domestic and international markets. The company offers a broad range of products including canned, frozen, and jarred produce, as well as snack chips. These products are available under private labels and various national and regional brands, such as Seneca, Libby’s, Aunt Nellie’s, and Green Valley. Additionally, Seneca Foods engages in contract packing of canned and frozen vegetables and offers services like can and seed sales, and trucking and aircraft operations. The company is headquartered in Fairport, New York, and its shares are listed on the NASDAQ.

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