Trade Seneca Foods A - SENEA CFD

Seneca Foods A Company profile

About Seneca Foods Corp

Seneca Foods Corporation is a provider of packaged fruits and vegetables. The Company operates its business through three segments: the packaging and sale of fruit and vegetables, the packaging and sale of prepared food products, and the packaging and sale of snack products. The Company’s product offerings include canned, frozen and bottled produce and snack chips. Its products are sold under private label, as well as national and regional brands that the Company owns or licenses, including Seneca, Libby’s, Aunt Nellie’s, READ, Green Valley and CherryMan. The Company’s facilities consist of approximately 22 packaging plants located throughout the United States, over two can manufacturing plants, over three seed packaging operations, a farming operation and a logistical support network. Its food packaging operations are primarily supported by plant locations in New York, Michigan, Oregon, Wisconsin, Washington, Idaho, Illinois, and Minnesota.

Financial summary

BRIEF: For the nine months ended 01 January 2022, Seneca Foods Corp revenues decreased 9% to $1.05B. Net income applicable to common stockholders decreased 60% to $44.3M. Revenues reflect Prepared Foods segment decrease from $71.9M to $0K, Canned Vegetables segment decrease of 6% to $860.7M. Net income also reflects (Income) loss from equity investment increase from $752K to $7.8M (expense).

Equity composition

Common Class B $.25 Par, 06/11, 10M auth., 2,162,922 issd. Insiders owns 39.57%. Com. Cl. A$.25 Par, 20M auth., 9,553,965 issd. less 13,500 Shs in Treas @257K, Insiders owns 20.10% Pref. Cl.A 10%, 807,240 issd. 6%, 200K issd.; 2003 Particng, 313,304 issd. Particng, 102,047 issd. 2006 Participating 1,025,220 issd.9/95 2/1split,11/864/1 y/split

3736 S Main St
MARION
NEW YORK 14505
US