Company: SENEA
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001437749-25-025429
Chunk: 48

Company: Seneca Foods Corp
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 48
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633,023

			Total liabilities and stockholders’ equity

			$
			1,159,344

			$
			1,369,125

			$
			1,181,429

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

1

Table of Contents

SENECA FOODS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF NET EARNINGS

(In thousands, except per share data)

(Unaudited)

			Three Months Ended

			June 28,
			2025

			June 29,
			2024

			Net sales

			$
			297,458

			$
			304,727

			Costs and expenses:

			Cost of products sold

			255,647

			262,036

			Selling, general, and administrative expense

			18,738

			17,480

			Other operating income, net

			(142
			)

			(232
			)

			Total costs and expenses

			274,243

			279,284

			Operating income

			23,215

			25,443

			Other income and expenses:

			Other non-operating income

			(1,906
			)

			(1,403
			)

			Interest expense, net

			5,410

			10,345

			Earnings before income taxes

			19,711

			16,501

			Income taxes

			4,826

			3,840

			Net earnings

			$
			14,885

			$
			12,661

			Earnings per share:

			Basic

			$
			2.16

			$
			1.82

			Diluted

			$
			2.14

			$
			1.80

			Weighted average common shares outstanding:

			Basic

			6,882

			6,962

			Diluted

			6,949

			7,029

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

SENECA FOODS CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands)