Seneca Foods (SENE) Q4 2025 earnings summary

Executive summary

• Net sales increased 8.2% year-over-year to $1.58 billion, driven by higher volumes and pricing across canned, frozen, and fruit product categories.

• Gross margin declined to 9.5% from 12.9% due to elevated input costs, particularly in steel and other production materials.

• Net earnings fell to $41.2 million from $63.3 million, with EPS at $5.95 basic and $5.90 diluted, down from $8.64 and $8.56, respectively.

• Operating cash flow rebounded to $335.5 million, reflecting improved working capital and lower inventory build.

• The company completed a major asset acquisition for the Green Giant® shelf-stable vegetable line, expanding its product portfolio.

Financial highlights

• Net sales: $1,578.9 million (up from $1,458.6 million year-over-year).

• Gross margin: 9.5% (down from 12.9% year-over-year).

• Net earnings: $41.2 million (down from $63.3 million year-over-year).

• Basic EPS: $5.95; Diluted EPS: $5.90 (down from $8.64 and $8.56, respectively).

• Adjusted net earnings (FIFO): $67.1 million; EBITDA: $137.0 million; FIFO EBITDA: $171.4 million.

Outlook and guidance

• Management expects existing operations and liquidity sources to meet cash requirements for at least the next twelve months.

• Lower planned seasonal pack and normalized working capital trends anticipated due to higher inventory carried into the year.

• Adverse weather in the upper Midwest impacted crop yields, resulting in higher per-unit costs but lower overall cash outflows.