SENEA Seneca Foods Corp. featured news, full reports, and detailed charts
Seneca Foods Corp. (SENEA) Wrap Up:
SENECA FOODS CORPORATION (the “Company”) was organized in 1949 and incorporated under the laws of the State of New York. In the spring of 1995, the Company initiated a 20-year Alliance Agreement with the Pillsbury Company, which was acquired by General Mills Operations, Inc. (“GMOI”) that created the Company’s most significant business relationship. Under the Alliance Agreement, the Company packs canned and frozen vegetables carrying GMOI’s Green Giant brand name. Since the onset of the Alliance Agreement, vegetable production has been the Company’s dominant line of business. In fiscal 1999, the Company sold its fruit juice business and its applesauce and industrial flavors business. As a result of these divestitures, the Company’s only non-vegetable food products are a line of fruit and chip products. On August 18, 2006, the Company completed the acquisition of the sole membership interest in Signature Fruit Company L.L.C. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f06%2f14%2f0000088948-07-000018.html#FIS_BUSINESS"Seneca Foods Corp. (SENEA:NASDAQ)
Snapshot of Seneca Foods Corp. (SENEA)
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OPEN
$22.00
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PREVIOUS CLOSE
$22.00
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DAY HIGH
$22.74
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DAY LOW
$22.00
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52 WEEK HIGH
06/29/09 - $34.40
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52 WEEK LOW
12/2/08 - $16.00
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MARKET CAP
192.3M
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AVERAGE VOLUME 3 mo
78.5K
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DILUTED EPS TTM
$3.27
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SHARES OUTSTANDING
8.5M
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SENEA Does Not Pay Dividends
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P/E TTM
7.0x
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| K = Thousands M = Millions B = Billions | ||
SENEA Top Compensated Officers
Executives, Board Directors
Key developments for Seneca Foods Corp. (SENEA)
Seneca Foods Corporation reported unaudited consolidated earnings results for the second quarter and six months ended September 26, 2009. The company reported that sales increased 2.5% to $323.2 million compared to last year. The increase in sales is attributable to increased selling prices/improved sales mix of $15.8 million partially offset by reduced sales volume of $8.0 million. Net earnings were $12.4 million or $1.02 per diluted share against $4.4 million or $0.36 per diluted share in the quarter ended September 27, 2008. Excluding a non-cash after-tax LIFO charge of $3.1 million and $9.3 million, net earnings per diluted share were $1.27 and $1.11 during the quarters ended September 26, 2009 and September 27, 2008, respectively. Earnings before income taxes was $19.9 million against $7.4 million last year. Earnings applicable to common stock was $10.8 million or $1.02 per diluted share against $2.7 million or $0.36 per diluted share last year. The company reported that net sales for the six months increased from last year by $21.6 million, or 4.1%, to $553.7 million. The increase in sales is attributable to increased selling prices/improved sales mix of $45.8 million partially offset by a sales volume reduction of $24.2 million. Net earnings increased to $23.5 million or $1.92 per diluted share compared to $2.3 million or $0.19 per diluted share in the prior year. Excluding a non-cash after-tax LIFO charge of $6.1 million and $16.0 million, net earnings per diluted share were $2.42 and $1.49 during the six months periods ended September 26, 2009 and September 27, 2008, respectively. Pre-tax results for six months ended September 27, 2008 included a $0.3 million gain on the sale of unused equipment. Earnings before income taxes was $36.4 million against $3.9 million last year. Earnings applicable to common stock was $17.6 million or $1.92 per diluted share against $1.4 million or $0.19 per diluted share last year.
Seneca Foods Corp. announced that it has increased the size of its Board of Directors from eight to nine members and has appointed John P. Gaylord to fill the newly created independent director position on the Board and to serve until the 2010 annual meeting of shareholders and until his successor is elected and qualified. Mr. Gaylord has served since 1992 as President of Jacintoport Terminal Company.
Seneca Foods Corp., Q2 2010 Earnings Call, Nov-06 2009
SENEA Competitors
| Company | Last | Change |
| Del Monte Foods Co | $10.73 USD | -0.09 |
| Dole Food Company Inc | $12.09 USD | -0.41 |
| Hansen Natural Corp | $35.42 USD | +0.31 |
| HJ Heinz Company | $42.23 USD | +0.22 |
| Hain Celestial Group Inc | $18.62 USD | +0.42 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | SENEA | Industry Range |
| Price/Earnings | 6.9x |
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| Price/Sales | 0.2x |
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| Price/Book | 0.9x |
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| Price/Cash Flow | 4.8x |
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| TEV/Sales | NM | Not Meaningful |
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SENEA |
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SENEA transactions
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| No transactions in the last 6 months. | ||