Seneca Foods Corporation Class A Stock News

FAIRPORT, N.Y., Nov. 06, 2024 (GLOBE NEWSWIRE) --  Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the second quarter and six months ended September 28, 2024.

FAIRPORT, N.Y., Aug. 08, 2024 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the three months ended June 29, 2024.

Our portfolio is largely unchanged from last quarter, with Net Lease Office Properties still at the top. McBride shares have performed well for us, up about 30% from the level of our initial purchases. Talen will continue to sell off its legacy fossil fuel-burning power generation fleet and return excess capital to shareholders through buybacks.

The company's net loss shrank to $2.2 million for Q4 FY24 from $33.1 million a year earlier despite weaker sales. However, if we use the internationally dominant FIFO inventory valuation method, EBITDA declined by 22.7% to $23.1 million. While Seneca Foods doesn't look expensive at 0.7x price to tangible book value, I'm concerned about the rising net debt level.

FAIRPORT, N.Y., June 13, 2024 (GLOBE NEWSWIRE) -- Seneca Foods Corporation (NASDAQ: SENEA, SENEB) today announced financial results for the fourth quarter and twelve months ended March 31, 2024.