Company: SENEA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025429
Chunk: 49

Company: Seneca Foods Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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(Unaudited)

			Three Months Ended

			June 28,
			2025

			June 29,
			2024

			Comprehensive income:

			Net earnings

			$
			14,885

			$
			12,661

			Total

			$
			14,885

			$
			12,661

The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

2

Table of Contents

SENECA FOODS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

(Unaudited)

			Three Months Ended

			June 28,
			2025

			June 29,
			2024

			Cash flows from operating activities:

			Net earnings

			$
			14,885

			$
			12,661

			Adjustments to reconcile net earnings to net cash provided by operating activities:

			Depreciation and amortization

			11,073

			10,819

			Non-cash lease expense

			949

			1,627

			LIFO credit

			(11,798
			)

			(2,918
			)

			Deferred income tax expense

			235

			(159
			)

			Gain on the sale of assets

			(43
			)

			(299
			)

			Stock-based compensation expense

			50

			37

			Pension (benefit) cost

			(583
			)

			188

			Changes in operating assets and liabilities:

			Accounts receivable

			(3,487
			)

			(16,681
			)

			Inventories

			1,318

			33,763

			Other assets

			(1,197
			)

			(1,112
			)

			Accounts payable

			42,175

			22,134

			Accrued expenses and other

			(4,612
			)

			(14,325
			)

			Income taxes

			4,731

			4,597

			Net cash provided by operating activities

			53,696

			50