Seneca Foods Files 10-Q for Q3 2025

TL;DR

Seneca Foods 10-Q filed. Financials for Q3 2025 period ending Dec 28, 2024 are in.

AI Summary

Seneca Foods Corp. reported its third quarter and nine-month results for the period ending December 28, 2024. The company's financial performance for this period is detailed in its 10-Q filing. Specific financial figures and operational details for the quarter and year-to-date are available within the document.

Why It Matters

This filing provides investors and stakeholders with an update on Seneca Foods' financial health and operational performance, crucial for understanding the company's current standing and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing (10-Q) and does not inherently indicate new or elevated risks.

Key Numbers

• 20241228 — Fiscal Year End (The reporting period concluded on this date.)
• 20250206 — Filing Date (The date the 10-Q was officially submitted to the SEC.)

Key Players & Entities

• Seneca Foods Corp. (company) — Filer of the 10-Q
• 2024-12-28 (date) — End of the reporting period
• 20250206 (date) — Filing date
• NY (location) — State of incorporation and business address
• 315 926 8100 (phone_number) — Business phone number

FAQ

Key Financial Figures

• $0.25 — hich Registered Common Stock Class A, $0.25 Par SENEA NASDAQ Global Select Mark
• $0.025 — ertible Common Common Par $0.25 Par $0.025 Par $0.025 Par $0.25 Par $0.25 Shar

Filing Documents

• senea20241228_10q.htm (10-Q) — 1515KB
• ex_770246.htm (EX-31.1) — 13KB
• ex_770247.htm (EX-31.2) — 13KB
• ex_770248.htm (EX-32) — 7KB
• 0001437749-25-003030.txt ( ) — 6865KB
• senea-20241228.xsd (EX-101.SCH) — 55KB
• senea-20241228_cal.xml (EX-101.CAL) — 62KB
• senea-20241228_def.xml (EX-101.DEF) — 338KB
• senea-20241228_lab.xml (EX-101.LAB) — 314KB
• senea-20241228_pre.xml (EX-101.PRE) — 375KB
• senea20241228_10q_htm.xml (XML) — 1270KB

FINANCIAL INFORMATION

PART I. FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements Condensed Consolidated Balance Sheets (Unaudited) 1 Condensed Consolidated Statements of Net Earnings (Unaudited) 2 Condensed Consolidated Statements of Comprehensive Income (Unaudited) 2 Condensed Consolidated Statements of Cash Flows (Unaudited) 3 Condensed Consolidated Statements of Stockholders' Equity (Unaudited) 4 Notes to Condensed Consolidated Financial Statements (Unaudited) 5

Management's Discussion and Analysis of Financial Condition and Results of Operations

Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations 16

Quantitative and Qualitative Disclosures about Market Risk

Item 3. Quantitative and Qualitative Disclosures about Market Risk 24

Controls and Procedures

Item 4. Controls and Procedures 24

OTHER INFORMATION

PART II. OTHER INFORMATION

Legal Proceedings

Item 1. Legal Proceedings 25

Risk Factors

Item 1A. Risk Factors 25

Unregistered Sales of Equity Securities and Use of Proceeds

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 25

Defaults Upon Senior Securities

Item 3. Defaults Upon Senior Securities 25

Mine Safety Disclosures

Item 4. Mine Safety Disclosures 25

Other Information

Item 5. Other Information 25

Exhibits

Item 6. Exhibits 25

SIGNATURES

SIGNATURES 26 Table of Contents SENECA FOODS CORPORATION CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands) (Unaudited) December 28, 2024 December 30, 2023 March 31, 2024 Assets Current assets: Cash and cash equivalents $ 5,306 $ 7,168 $ 4,483 Restricted cash 7,605 7,251 7,370 Accounts receivable, net of allowance for credit losses of $ 75 , $ 51 and $ 53 , respectively 70,829 89,928 79,767 Inventories 735,682 968,889 872,692 Refundable income taxes 360 1,153 - Other current assets 3,321 3,906 2,703 Total current assets 823,103 1,078,295 967,015 Property, plant and equipment, net 324,305 307,714 305,016 Right-of-use assets operating, net 9,892 20,538 19,705 Right-of-use assets financing, net 14,128 23,146 20,386 Pension assets 52,403 59,003 52,442 Other assets 2,084 841 19,433 Total assets $ 1,225,915 $ 1,489,537 $ 1,383,997 Liabilities and Stockholders' Equity Current liabilities: Accounts payable $ 70,791 $ 125,182 $ 40,326 Note payable - - 8,926 Deferred revenue 6,982 8,708 8,185 Accrued vacation 11,567 10,997 11,632 Accrued payroll 7,125 13,083 15,845 Income taxes payable 4,101 5,967 2,648 Other accrued expenses 36,730 29,530 33,383 Current portion of long-term debt, finance and lease obligations 106,569 30,582 30,090 Total current liabilities 243,865 224,049 151,035 Long-term debt 298,703 611,349 585,786 Operating lease obligations 6,541 13,617 13,758 Financing lease obligations 9,210 13,102 12,259 Finance obligation 17,870 - - Deferred income tax liability, net 23,154 30,820 24,320 Other liabilities 13,750 3,162 13,946 Total liabilities 613,093 896,099 801,104 Commitments and contingencies Stockholders' equity: Preferred stock 346 351 351 Common stock 3,051 3,050 3,050 Additional paid-in capital 100,563 99

View Full Filing

View this 10-Q filing on SEC EDGAR