Seneca Foods

OverviewSuggest Edit

Seneca Foods Corporation is a fully integrated food processor capable of producing an exceptional portfolio of quality food products more efficiently, and with fewer imperfections. The company's vegetable plants are strategically located throughout key growing regions, which means field are freshly harvested and produce is collected and stored at the peak of ripeness to maximize quality and flavor. In addition to its core business of packaged fruit and vegetables, the company's product portfolio includes snack chips, sauces, gravies, and natural coloring agents.
TypePublic
Founded1949
HQMarion, NY, US
Websitesenecafoods.com
Employee Ratings3.9
Overall CultureC

Latest Updates

Employees (est.) (Mar 2020)2,900(-14%)
Job Openings108
Revenue (FY, 2021)$1.5 B(+10%)
Share Price (May 2022)$58
Cybersecurity ratingDMore
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Key People/Management at Seneca Foods

Paul L. Palmby

Paul L. Palmby

President and Chief Executive Officer
Timothy Benjamin

Timothy Benjamin

Chief Financial Officer
Carl A. Cichetti

Carl A. Cichetti

Senior Vice President Technology and Planning
Dean E. Erstad

Dean E. Erstad

Senior Vice President of Sales and Marketing
John D. Exner

John D. Exner

General Counsel
Cynthia L. Fohrd

Cynthia L. Fohrd

Senior Vice President and Chief Administrative Officer
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Seneca Foods Office Locations

Seneca Foods has offices in Marion, Baraboo, Berlin, Blue Earth and in 24 other locations
Marion, NY, US (HQ)
3736 S Main St
Baraboo, WI, US
801 Sauk Ave
Berlin, WI, US
W1102 Buttercup Ct
Blue Earth, MN, US
710 E 7th St
Cambria, WI, US
437 Williams St
Cambria, WI, US
801 W Commerce St
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Seneca Foods Financials and Metrics

Seneca Foods Revenue

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Seneca Foods's revenue was reported to be $1.47 b in FY, 2021 which is a 9.9% increase from the previous period.
USD

Revenue (Q2, 2022)

372.3m

Gross profit (Q2, 2022)

42.7m

Gross profit margin (Q2, 2022), %

11.5%

Net income (Q2, 2022)

11.7m

EBIT (Q2, 2022)

21.8m

Market capitalization (27-May-2022)

512.9m

Closing stock price (27-May-2022)

58.0

Cash (2-Oct-2021)

11.3m

EV

723.0m
Seneca Foods's current market capitalization is $512.9 m.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

1.2b1.3b1.5b

Revenue growth, %

11%10%

Cost of goods sold

1.2b1.2b1.2b

Gross profit

39.5m141.9m232.2m
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Revenue

264.9m370.0m393.0m288.2m390.3m484.4m235.0m372.3m

Cost of goods sold

245.8m345.9m340.7m239.6m341.4m406.7m201.4m329.5m

Gross profit

19.2m24.1m52.3m48.6m48.9m77.7m33.6m42.7m

Gross profit Margin, %

7%7%13%17%13%16%14%11%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

11.5m10.7m59.8m

Accounts Receivable

84.1m109.8m92.2m

Inventories

501.7m411.6m343.1m

Current Assets

603.2m551.6m516.3m
Quarterly
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

5.7m52.3m126.1m

Depreciation and Amortization

31.2m30.9m32.4m

Inventories

142.3m90.1m68.5m

Accounts Payable

(31.1m)(13.5m)(65.9m)
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022

Net Income

1.1m5.7m31.1m20.7m38.8m111.3m14.1m25.8m

Depreciation and Amortization

7.4m14.7m22.6m7.9m16.1m24.3m8.6m17.7m

Inventories

8.2m(73.5m)8.6m(12.2m)(139.1m)704.0k(71.5m)(265.0m)

Accounts Payable

16.4m160.6m52.1m23.4m177.8m(45.1m)42.0m215.2m
USDFY, 2019

Revenue/Employee

352.8k

Debt/Equity

0.7 x

Debt/Assets

0.4 x

Financial Leverage

2 x
Show all financial metrics

Seneca Foods Operating Metrics

FY, 2019FY, 2020FY, 2021

Facilities

292929

Countries

909090

Facility Space, sq. ft.

10.98 k10.54 k10.12 k

Seneca Foods Acquisitions / Subsidiaries

Company NameDateDeal Size
Paradise Fruit CompanyApril 16, 2019$9.4 m
Diana FruitFebruary 17, 2016
Gray & CompanyNovember 02, 2015
Independent FoodsJanuary 15, 2015
Lebanon Valley Cold StorageAugust 10, 2010
Unilink, LLCAugust 06, 2010
Signature FruitAugust 01, 2006
Chiquita Processed FoodsMarch 06, 2003
Cannacan Inc.
Dundee Insurance Company, Inc.
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Seneca Foods Revenue Breakdown

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Seneca Foods revenue breakdown by business segment: 79.9% from Canned vegetables, 7.0% from Frozen, 6.0% from Fruit Products and 7.1% from Other

Seneca Foods Cybersecurity Score

Cybersecurity ratingPremium dataset

D

60/100

SecurityScorecard logo

Seneca Foods Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Seneca Foods Online and Social Media Presence

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Seneca Foods Company Culture

  • Overall Culture

    C

    67/100

  • CEO Rating

    D-

    57/100

  • Compensation

    B+

    77/100

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Seneca Foods News and Updates

Seneca Foods Reports Sales and Earnings for the Six Months Ended October 2, 2021

MARION, N.Y., Nov. 12, 2021 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the second quarter and six months ended October 2, 2021.

Seneca Foods Reports Sales and Earnings for the Quarter and Twelve Months Ended March 31, 2021

MARION, N.Y., June 11, 2021 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the fourth quarter and twelve months ended March 31, 2021.

Seneca Foods Announces Final Results of Modified Dutch Auction Tender Offer

MARION, N.Y., March 10, 2021 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) (“Seneca” or the “Company”), one of North America's leading providers of packaged fruits and vegetables with facilities located throughout the United States, today announced the final results of its mo…

Seneca Foods Commences Cash Tender Offer to Purchase Up to $75 Million in Value of its Class A Common Stock

MARION, N.Y., Feb. 08, 2021 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) (“Seneca” or the “Company”), one of North America's leading providers of packaged fruits and vegetables with facilities located throughout the United States, today announced the commencement of a tender…

Seneca Foods Reports Sales and Earnings for the Quarter and Nine Months Ended December 26, 2020

MARION, N.Y., Feb. 03, 2021 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the third quarter and nine months ended December 26, 2020.

Seneca Foods Reports Sales and Earnings for the Quarter and Six Months Ended September 26, 2020

MARION, N.Y., Nov. 04, 2020 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the second quarter and six months ended September 26, 2020.
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Seneca Foods Blogs

[$$] Companies Are Finding More Accounting Flubs

[$$] Companies Are Finding More Accounting Flubs Anonymous (not verified) Thu, 09/20/2018 - 16:19 [$$] Companies Are Finding More Accounting Flubs

Form 8-K Modesto Sale Agreement

Form 8-K Modesto Sale Agreement alwolcott Thu, 08/16/2018 - 08:20 Filing date Thu, 08/16/2018 - 08:10 PDF document 8-KModestoSaleAgreement.pdf URL to View Documents https://www.sec.gov/Archives/edgar/data/88948/000143774918015743/0001437749-18-…

Seneca Foods: Fiscal 1Q Earnings Snapshot

Seneca Foods: Fiscal 1Q Earnings Snapshot Anonymous (not verified) Wed, 08/01/2018 - 05:03 Seneca Foods: Fiscal 1Q Earnings Snapshot

Form 10-Q (FY 2019, First Quarter)

Form 10-Q (FY 2019, First Quarter) Administrator Tue, 07/31/2018 - 16:58 Filing date Tue, 07/31/2018 - 16:25 PDF document 10QFY1973118.pdf XBRL documents senea-20180630.xml senea-2018…

Form 8-K Earnings Release (FY 2019, First Quarter)

Form 8-K Earnings Release (FY 2019, First Quarter) alwolcott Tue, 07/31/2018 - 16:33 Filing date Tue, 07/31/2018 - 16:25 PDF document 8-kearningsQ1FY19.pdf URL to View Documents https://www.sec.gov/Archives/edgar/data/88948/000143774918014104/0001437749-18-…

Sales Increase of 22.4% or $62.7 Million for the Three Months Ended June 30, 2018

Sales Increase of 22.4% or $62.7 Million for the Three Months Ended June 30, 2018 alwolcott Tue, 07/31/2018 - 16:28 Earnings Reports Jul. 31, 2018 Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the first quart…

Seneca Foods Frequently Asked Questions

  • When was Seneca Foods founded?

    Seneca Foods was founded in 1949.

  • Who are Seneca Foods key executives?

    Seneca Foods's key executives are Paul L. Palmby, Timothy Benjamin and Carl A. Cichetti.

  • How many employees does Seneca Foods have?

    Seneca Foods has 2,900 employees.

  • What is Seneca Foods revenue?

    Latest Seneca Foods annual revenue is $1.5 b.

  • What is Seneca Foods revenue per employee?

    Latest Seneca Foods revenue per employee is $506.1 k.

  • Who are Seneca Foods competitors?

    Competitors of Seneca Foods include General Mills, Kellogg and Nisshin Seifun Group.

  • Where is Seneca Foods headquarters?

    Seneca Foods headquarters is located at 3736 S Main St, Marion.

  • Where are Seneca Foods offices?

    Seneca Foods has offices in Marion, Baraboo, Berlin, Blue Earth and in 24 other locations.

  • How many offices does Seneca Foods have?

    Seneca Foods has 30 offices.