Seneca Foods Corp. (SENEB) news stock charts
Seneca Foods Corp. (SENEB) Investment Summary:
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 - CL B (SENEB:NASDAQ)
Snapshot of SENECA FOODS CORP - CL B (SENEB)
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OPEN
$28.64
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PREVIOUS CLOSE
$28.64
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DAY HIGH
$28.64
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DAY LOW
$28.64
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52 WEEK HIGH
06/29/09 - $33.71
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52 WEEK LOW
03/25/09 - $19.73
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MARKET CAP
303.3M
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AVERAGE VOLUME 10 D
520.0
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EPS TTM
$3.96
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SHARES OUTSTANDING
2.2M
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SENEB Does Not Pay Dividends
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P/E TTM
7.2x
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| K = Thousands M = Millions B = Billions | ||
Key developments for SENECA FOODS CORP - CL B (SENEB)
Seneca Foods Corp. Presents at Bank of America Merrill Lynch Consumer Conference in 2010, Mar-10-2010. Venue: The New York Palace Hotel, New York, New York, United States.
Seneca Foods Corp. reported unaudited consolidated earnings results for the third quarter and nine months ended December 26, 2009. For the quarter, the companys reported net earnings were $18.6 million, or $1.52 per diluted share, versus $13.8 million or $1.13 per diluted share in the quarter ended December 27, 2008. Excluding a non-cash after-tax LIFO charge of $2.6 million and $11.3 million, net earnings per diluted share were $1.73 and $2.05 during the quarters ended December 26, 2009 and December 27, 2008, respectively. Sales decreased 3.5% to $447.0 million compared to the third quarter of fiscal 2009 and from $463,322 of previous year period. The decrease in sales is attributable to sales volume reduction of $19.0 million partially offset by increased selling prices/improved sales mix of $2.7 million. Operating income was $32.422 million against $27.571 million for the same period last year. Earnings before income taxes were $30.416 million compared to $23.876 million for the comparable period last year. The effect of the LIFO inventory valuation method on third quarter pre-tax results was to reduce operating earnings by $3,967,000 and $17,320,000, for the three month periods ended December 26, 2009 and December 27, 2008, respectively. For the nine months ended December 26, 2009, net earnings increased to $42.1 million, or $3.44 per diluted share, compared to $16.1 million or $1.32 per diluted share in the prior year. Excluding a non-cash after-tax LIFO charge of $8.7 million and $27.2 million, net earnings per diluted share were $4.16 and $3.54 during the nine months periods ended December 26, 2009 and December 27, 2008, respectively. Net sales for the nine months ended December 26, 2009 increased from last year by $5.3 million, or 0.5%, to $1,000.8 million from $995,453 of previous year period. The increase in sales is attributable to increased selling prices/improved sales mix of $48.3 million partially offset by a sales volume reduction of $43.0 million. Pre-tax results for the nine months ended December 27, 2008 included a $0.2 million gain on the sale of unused equipment and a $0.9 million plant restructuring charge primarily related to a Voluntary Workforce Reduction Program at plant in Modesto, California. EBITDA was $90.005 million against $54.903 million of previous year period. FIFO EBITDA was $103.401 million compared to $96.795 million for the same period last year. Operating income was $74.037 million against $38.913 million for the same period last year. Earnings before income taxes were $66.848 million compared to $27.855 million for the comparable period last year.
Seneca Foods Corp. announced that they will report Q3, 2010 results on February 01, 2010.
Seneca Foods Corp. financial resources
SENEB Competitors
| Company | Last | Change |
| Del Monte Foods Co | $14.09 USD | -0.31 |
| Dole Food Co Inc | $12.40 USD | +0.25 |
| Hansen Natural Corp | $42.93 USD | +0.73 |
| HJ Heinz Co | $47.36 USD | -0.14 |
| Hain Celestial Group Inc/The | $17.46 USD | -0.06 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | SENEB | Industry Range |
| Price/Earnings | 7.5x |
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| Price/Sales | 0.2x |
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| Price/Book | 1.0x |
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| Price/Cash Flow | 5.4x |
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| TEV/Sales | NM | Not Meaningful |
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SENEB |
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SENEB transactions
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Target | |
| No transactions in the last 6 months. | ||
More Recent Financial News About Seneca Foods Corp.
Seneca Foods to Present at the Bank of America Merrill Lynch 2010 Consumer Conference
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Seneca Foods to Present at the Bank of America Merrill Lynch 2010 Consumer Conference
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Seneca Foods Corporation Announces Third Quarter Earnings Teleconference
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Seneca Foods Corporation Retains ICR for Investor Relations Services
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Seneca Foods Reports Strong Earnings of $18.6 million or $1.52 per Diluted Share for the Third Quarter of Fiscal 2010
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Seneca Foods Corporation Retains ICR for Investor Relations Services
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Seneca Foods Corporation Announces Addition to Board of Directors
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