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Seneca Foods Corporation (SENE) investor relations material
Seneca Foods Corporation Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary5 Nov, 2025
Executive summary
Net sales for the quarter ended September 27, 2025, increased 8.1% year-over-year to $460.0 million, driven primarily by higher sales volume across most product categories.
Net earnings for the quarter more than doubled to $29.7 million from $13.3 million in the prior year, with diluted EPS rising to $4.29 from $1.90.
Gross margin improved to 13.4% from 10.1% year-over-year, mainly due to a LIFO credit that reduced cost of products sold.
Operating income for the quarter was $41.5 million, up from $24.7 million a year ago.
Financial highlights
Six-month net sales rose 3.7% year-over-year to $757.5 million, with net earnings up 71.8% to $44.6 million.
Six-month gross margin increased to 13.7% from 11.7% in the prior year.
Interest expense for the quarter decreased to $4.7 million from $9.0 million, reflecting lower average borrowings and interest rates.
Adjusted net earnings (FIFO basis) for the quarter were $24.0 million, compared to $24.6 million last year.
EBITDA for the quarter was $55.7 million, with FIFO EBITDA at $48.0 million.
Outlook and guidance
Management expects improved crop yields and less challenging growing conditions to result in a larger and lower-cost seasonal pack for fiscal 2026.
The company believes existing operations and liquidity sources will satisfy cash requirements for at least the next twelve months.
What is the strategic intent for the new RPA?
Explain the LIFO credit's underlying drivers.
How does the new can line mitigate steel cost risk?
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Next Seneca Foods Corporation earnings date
Q3 20265 Feb, 2026
Next Seneca Foods Corporation earnings date
Q3 20265 Feb, 2026
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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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