Seneca Foods

Avaya ENGAGE® 2024 Announces Guest Speakers for its May 13-15 Conference at the Colorado Convention Center in Downtown Denver

Retrieved on: 
Wednesday, April 10, 2024
Technology, VoIP, Mobile, Wireless, Telecommunications, Internet, Hardware, Constellation, Education, The Weather Channel, AI, School, Doctor of Philosophy, Autodesk, Sleep, Motorola Solutions, Silicon, Private sector, Southwest Airlines, Veteran, American Heart Association, Personality, Woman, Time (magazine), Dean, Ohio State University, Robotics, Thrive Global, Today, Michigan State University, Book, Dream, Seneca Foods, HuffPost, Multimedia, Student, Organization, University of Washington, University, Weather, Comcast, Delgado Community College, Colorado Convention Center, Innovation Hub, Emmy Awards, Engineering, Network equipment provider

View the full release here: https://www.businesswire.com/news/home/20240410336298/en/

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240410336298/en/
    Emcee & Main Stage Presenter, Katie Linendoll: Technology Expert and Emmy Award-Winning TV Personality.
  • In 2016, she launched Thrive Global, a leading behavior change technology company with the mission of improving productivity and health outcomes.
  • She has been named to Time Magazine's list of the world’s 100 most influential people and the Forbes Most Powerful Women list.
  • Avaya ENGAGE 2024 general session keynotes will be an entertaining and informative feature of the event.

Seneca Foods Reports Sales and Earnings for the Quarter and Nine Months Ended December 30, 2023

Retrieved on: 
Thursday, February 8, 2024
Giant, Seneca Foods, Green Giant, Cryptocurrency

Net sales for the nine months ended December 30, 2023 totaled $1,150.6 million compared to $1,178.3 million for the nine months ended December 31, 2022.

Key Points: 
  • Net sales for the nine months ended December 30, 2023 totaled $1,150.6 million compared to $1,178.3 million for the nine months ended December 31, 2022.
  • Gross margin as a percentage of net sales for the nine months ended December 30, 2023 is 14.6% as compared to 10.0% for the nine months ended December 31, 2022.
  • Gross margin as a percentage of net sales is 12.2% for the three months ended December 30, 2023 as compared to 11.4% for the three months ended December 31, 2022.
  • Reported net earnings were $17.7 million and $21.1 million for the three months ended December 30, 2023 and December 31, 2022, respectively.

B&G Foods Reports Financial Results for Third Quarter 2023

Retrieved on: 
Wednesday, November 8, 2023
Retail, Supermarket, Food, Beverage, Giant, Cream, Cream of Wheat, Sale, Le Sueur, Seneca Foods, Back to Nature, ATM, Green Giant, Farm, EBITDA, Equity, Seager Wheeler's Maple Grove Farm, GAAP, Acquisition, Senior, Transport, Ortega, Webcast, Clabber Girl, B&G Foods, Crisco, Forecasting, Debt-to-GDP ratio, Beauty salon, Financial services, Security (finance), Grocery store, Pharmaceutical industry, Bookkeeping, Cryptocurrency, Video game

Net sales of Back to Nature, which the Company divested on January 3, 2023, and therefore not part of the Company’s fiscal 2023 results, were $10.2 million during the third quarter of 20222.

Key Points: 
  • Net sales of Back to Nature, which the Company divested on January 3, 2023, and therefore not part of the Company’s fiscal 2023 results, were $10.2 million during the third quarter of 20222.
  • Base business net sales for the third quarter of 2023 decreased $15.6 million, or 3.0%, to $502.7 million from $518.3 million for the third quarter of 2022.
  • For additional information regarding B&G Foods’ non-GAAP financial measures, see “About Non-GAAP Financial Measures and Items Affecting Comparability” below.
  • ET today, November 8, 2023 to discuss third quarter 2023 financial results.

B&G Foods Sells Green Giant U.S. Shelf-Stable Product Line to Seneca Foods Corporation

Retrieved on: 
Wednesday, November 8, 2023
Supermarket, Retail, Other Retail, Food, Beverage, Giant, BGS, Le Sueur, Green Giant, B&G Foods, Seneca Foods, Sale, NYSE, Grocery store

B&G Foods, Inc. (NYSE: BGS) announced today that it has sold its Green Giant U.S. shelf-stable vegetable product line to Seneca Foods Corporation.

Key Points: 
  • B&G Foods, Inc. (NYSE: BGS) announced today that it has sold its Green Giant U.S. shelf-stable vegetable product line to Seneca Foods Corporation.
  • In connection with the sale, B&G Foods, which will retain ownership of the Green Giant trademarks, will license the Green Giant brand name to Seneca Foods.
  • “We believe that Seneca Foods, the long-time, primary co-manufacturer for the Green Giant U.S. shelf-stable product line, is the right owner for the U.S. shelf-stable product line.
  • We continue to believe in the power of the iconic Green Giant brand and the sale will allow our Green Giant team to focus on Green Giant frozen, Green Giant Canada and the Le Sueur brand.”
    B&G Foods intends to use the net proceeds from the sale for the repayment of long-term debt.

Seneca Foods Reports Sales and Earnings for the Three Months Ended July 1, 2023

Retrieved on: 
Wednesday, August 9, 2023
Seneca Foods

FAIRPORT, N.Y., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the three months ended July 1, 2023.

Key Points: 
  • FAIRPORT, N.Y., Aug. 09, 2023 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the three months ended July 1, 2023.
  • Net sales for the first quarter of fiscal 2024 totaled $298.7 million compared to $265.2 for the first quarter of fiscal 2023.
  • The year-over-year increase of $33.5 million was mainly due to higher selling prices partially offset by lower sales volumes.
  • Gross margin as a percentage of net sales is 18.5% for the three months ended July 1, 2023 as compared to 8.6% for the three months ended July 2, 2022.

Fortrea Holdings and PHINIA Set to Join S&P SmallCap 600

Retrieved on: 
Wednesday, June 28, 2023
S&P, BorgWarner, Seneca Foods, BWA, LH, Labcorp, NASD, MUFG Americas Holdings Corporation, El Pollo Loco, FTRE, NYSE, Bookkeeping

S&P 500 constituent Laboratory Corporation of America Holdings (NYSE:LH) is spinning off Fortrea Holdings in a transaction expected to be completed on July 3.

Key Points: 
  • S&P 500 constituent Laboratory Corporation of America Holdings (NYSE:LH) is spinning off Fortrea Holdings in a transaction expected to be completed on July 3.
  • Seneca Foods is no longer representative of the small-cap market space.
  • PHINIA Inc. (NYSE: PHIN) will replace El Pollo Loco Holdings Inc. (NASD:LOCO).
  • S&P 500 constituent BorgWarner Inc. (NYSE:BWA) is spinning off PHINIA in a transaction expected to be completed on July 5.

Seneca Foods Reports Sales and Earnings for the Quarter and Twelve Months Ended March 31, 2023

Retrieved on: 
Tuesday, June 13, 2023
Seneca Foods, Investment, Environment, Cryptocurrency

FAIRPORT, N.Y., June 13, 2023 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the fourth quarter and twelve months ended March 31, 2023.

Key Points: 
  • FAIRPORT, N.Y., June 13, 2023 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the fourth quarter and twelve months ended March 31, 2023.
  • Net sales for the twelve months ended March 31, 2023 totaled $1,509.4 million compared to $1,385.3 million for the twelve months ended March 31, 2022.
  • Gross margin as a percentage of net sales for the twelve months ended March 31, 2023 was 9.0% as compared to 10.7% in the prior year.
  • Gross margin as a percentage of net sales for the three months ended March 31, 2023 was 5.3% as compared to 8.0% in the prior year.

Seneca Foods Reports Sales and Earnings for the Nine Months Ended December 31, 2022

Retrieved on: 
Wednesday, February 8, 2023
Growth, Seneca Foods

FAIRPORT, N.Y., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the third quarter and nine months ended December 31, 2022.

Key Points: 
  • FAIRPORT, N.Y., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the third quarter and nine months ended December 31, 2022.
  • Gross margin as a percentage of net sales for the three months ended December 31, 2022 was 11.4% as compared to 10.1% in the prior year.
  • Additionally, our team has worked diligently to mitigate the supply chain challenges we have faced.”
    Net sales for the nine months ended December 31, 2022 totaled $1,178.3 million compared to $1,052.9 million for the nine months ended January 1, 2022.
  • Gross margin as a percentage of net sales for the nine months ended December 31, 2022 was 10.0% as compared to 11.5% in the prior year.

Coalition of Steel Canned Food Companies Donates Food to Floridians Affected by Hurricane Ian

Retrieved on: 
Tuesday, November 22, 2022
Can Manufacturers Institute, CMI, Environment, Crown Holdings, Tropical Storm Ian, Smithson–McCall Farm, Food, Red Gold, Electricity, Culture, Bush's Beans 200, Steel, Seneca Foods, Vegetable, Multimedia, Convenience food, Online shopping, Publix

WASHINGTON, Nov. 22, 2022 /PRNewswire/ -- The Canned Good Coalition, developed by steel food manufacturers and canned food companies to promote the infinite recyclability and food waste abatement of the steel food can, donated near 80,480 pounds of fruits, vegetables and beans in steel cans to those that were affected by the devastation from Hurricane Ian.

Key Points: 
  • WASHINGTON, Nov. 22, 2022 /PRNewswire/ -- The Canned Good Coalition, developed by steel food manufacturers and canned food companies to promote the infinite recyclability and food waste abatement of the steel food can, donated near 80,480 pounds of fruits, vegetables and beans in steel cans to those that were affected by the devastation from Hurricane Ian.
  • Canned food companies that donated product include Bush Beans, McCall Farms, Pacific Coast Producers, Red Gold and Seneca Foods.
  • The Canned Good Coalition of canned food companies and steel food packaging manufacturers have teamed up with retailers, such as Publix, to raise awareness around inherent sustainability benefits of the steel food can.
  • The Canned Good Campaign is a growing coalition effort championed by steel food can manufacturers and canned food companies, in association with the Can Manufacturers Institute (CMI), to promote the sustainable benefits of the steel food can.

Seneca Foods Reports Sales and Earnings for the Quarter and Twelve Months Ended March 31, 2022

Retrieved on: 
Friday, June 10, 2022
Seneca, Company, LIFO, Seneca Foods, FIFO, Sale, Vegetable, GLOBE, Nasdaq, GAAP, NASDAQ, Russell, Online gambling, Video game, Grocery store

MARION, N.Y., June 10, 2022 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the fourth quarter and twelve months ended March 31, 2022.

Key Points: 
  • MARION, N.Y., June 10, 2022 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the fourth quarter and twelve months ended March 31, 2022.
  • Net sales for the twelve months ended March 31, 2022 totaled $1,385.3 million as compared to $1,467.6 million for the twelve months ended March 31, 2021.
  • Gross margin as a percentage of net sales for the twelve months ended March 31, 2022 was 10.7% as compared to 15.8% for the twelve months ended March 31, 2021.
  • Net earnings for the twelve months ended March 31, 2022 were $51.0 million or $5.79 per diluted share as compared to $126.1 million or $13.72 per diluted share for the twelve months ended March 31, 2021.