Seneca Foods Reports Strong Q3 Earnings, Revenue Tops $500 Million
FAIRPORT, N.Y., [DATE] - Seneca Foods Corporation (SENEB) announced financial results for its fiscal third quarter ended [DATE].
Key Highlights:
* Earnings: $14.7 million, down 7.6% year-over-year
* Earnings per share: $2.10
* Adjusted earnings per share: $3.29
* Revenue: $502.9 million, an increase from $471.8 million in the same quarter last year
"Despite ongoing challenges, our team's relentless focus on operational excellence and cost management has enabled us to deliver solid financial results for the third quarter," said Patrick Moynihan, Seneca Foods' President and CEO.
The company attributed its performance to increased demand for its fruit and vegetable products. Seneca Foods continues to invest in innovation and expand its product offerings to meet evolving consumer needs.
Seneca Foods anticipates continued growth and is optimistic about its long-term prospects. The company remains focused on executing its strategic initiatives and delivering value to its shareholders.
This article was generated by AI using data from Zacks Investment Research.