Seneca Foods (SENE) Q4 2026 earnings summary

Executive summary

• Net sales increased 5.1% year-over-year to $1.66 billion, driven by higher volumes and improved pricing across core product categories.

• Gross margin rose to 13.9% from 9.5% year-over-year, aided by a $22.3 million LIFO credit and improved crop yields.

• Net earnings surged to $114.7 million from $41.2 million, with basic EPS at $16.75 versus $5.95 in the prior year.

• Acquisition of the Green Giant U.S. frozen business expanded the vegetable segment and contributed to results.

Financial highlights

• Operating income increased to $148.4 million from $77.8 million year-over-year.

• Interest expense declined to $18.1 million from $33.2 million due to lower borrowings and rates.

• EBITDA reached $214.6 million, with FIFO EBITDA at $192.3 million.

• Cash provided by operating activities was $224.5 million, down from $335.5 million, reflecting changes in working capital.

• Capital expenditures totaled $44.3 million, and $63.2 million was used for the Green Giant acquisition.

Outlook and guidance

• Management expects existing operations and liquidity sources to satisfy cash requirements for at least the next twelve months.

• No material impact anticipated from recent tax legislation; ongoing monitoring of commodity and input costs.