S&W Seed Company

More than 35 years ago, a group of cattleman, were looking to develop the very best alfalfa hay forage for their herd. They enlisted the expertise of the leading breeders and agronomist to develop varieties that would provide superior traits, while maximizing yield. Over the last 35 years, S&W’s breeders have developed the leading, university verified, non-dormant alfalfa seed varieties available anywhere in the world. In addition, due to the soil conditions around the base of the former Tulare Lake where much of their production took place, S&W developed varieties that would withstand the rigors of the highly saline conditions of the former lakes rim. As farmers in the region began to recognize the capabilities of these recently developed varieties, S&W began selling the seed to farmers throughout the region, as well as other areas of the world that had similar soil challenges, such as the Middle East. As the original owners transitioned their ownership in the company, the company elected to go public, enlisting famed agronomist Mark Grewal to lead the company going forward. Since going public in 2010, S&W has dramatically opened new markets, expanded acreage dedicated to the production of alfalfa, and expanded its research and development focus to expand not only its non-dormant varieties, but dormant and biotech varieties as well. The company acquired Imperial Valley Seed in October 2012 to expand production in the Imperial Valley growing region of California, and in April 2013 acquired Seed Genetics International, expanding its production capabilities into Australia. With worldwide sales and distribution through both a direct sales force as well as dealer-distributors, the company is dedicated to providing the world’s farmers with the very best alfalfa seed varieties to maximize their yields and profits, while providing cattle and dairyman the highest quality alfalfa hay on the market, just as they have for the past 35 years ago.
Type
Public
HQ
Fresno, US
Founded
2010
Size (employees)
69 (est)+8%
S&W Seed Company was founded in 2010 and is headquartered in Fresno, US

S&W Seed Company Office Locations

S&W Seed Company has an office in Fresno
Fresno, US (HQ)
380 7108 N Fresno St

S&W Seed Company Metrics

S&W Seed Company Financial Metrics

Revenue (2016)

$96 m

Revenue growth (2015-16), %

18%

Gross profit

$18.4 m

Gross profit margin (2016), %

19%

Net income (2016)

$365.2 k

Cash (30-Jun-2016)

$6.9 m
S&W Seed Company's revenue was reported to be $96 m in FY, 2016 which is a 18.3% increase from the previous period.
FY, 2014FY, 2015FY, 2016

Revenue

$51.5 m$81.2 m$96 m

Revenue growth, %

58%18%

Cost of goods sold

$41.6 m$64.6 m$77.7 m

Gross profit

$10 m$16.6 m$18.4 m

Gross profit Margin, %

19%20%19%

Operating expense total

$8.9 m$14.2 m$16.3 m

EBIT

$2.4 m$2 m

EBIT margin, %

3%2%

Interest expense

$653.3 k

Pre tax profit

($4 m)($2 m)

Income tax expense

$87.1 k($846 k)

Net Income

$373.1 k($3.2 m)$365.2 k
FY, 2014FY, 2015FY, 2016

Cash

$1.2 m$3.5 m$6.9 m

Accounts Receivable

$24.3 m$26.7 m$27.6 m

Inventories

$230.9 k$797.2 k$1.2 m

Current Assets

$55.4 m$56.9 m$57.6 m

PP&E

$10.4 m$11.5 m$13.1 m

Goodwill

$4.9 m$9.6 m$10.3 m

Total Assets

$89.3 m$122.3 m$127 m

Accounts Payable

$15 m$13.7 m$14.3 m

Current Liabilities

$33.1 m$42.5 m$41.4 m

Preferred Stock

Additional Paid-in Capital

$55.1 m$62.1 m$78.3 m

Retained Earnings

($1.8 m)($5 m)($4.6 m)

Total Equity

$51.5 m$51.9 m$67.8 m

Financial Leverage

1.7 x2.4 x1.9 x
FY, 2014FY, 2015FY, 2016

Net Income

$373.1 k($3.2 m)$365.2 k

Depreciation and Amortization

$1.3 m$2.2 m$3.2 m

Accounts Receivable

($11 m)($4.4 m)($1 m)

Inventories

($2.1 m)$21.3 m$3.6 m

Accounts Payable

($4.9 m)($11.2 m)$767.3 k

Cash From Operating Activities

($17.9 m)$11.1 m$6.7 m

Purchases of PP&E

($434.4 k)($1.6 m)($2.6 m)

Cash From Investing Activities

($764.1 k)($31.2 m)($3.9 m)

Long-term Borrowings

($746.8 k)($2.5 m)($2.1 m)

Interest Paid

$556 k$1.5 m$2.1 m

Income Taxes Paid

$777.8 k$210.1 k$452.9 k

S&W Seed Company Company Life

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