Seneca Foods Corporation (SENEA) Bundle
A Brief History of Seneca Foods Corporation (SENEA)
Company Overview
Seneca Foods Corporation trades on the NASDAQ under the ticker SENEA. Headquartered in Marion, New York, the company specializes in processed foods production.
Financial Performance
| Fiscal Year | Revenue | Net Income | Total Assets |
|---|---|---|---|
| 2023 | $1.95 billion | $49.3 million | $1.12 billion |
Product Portfolio
- Canned vegetables
- Frozen vegetables
- Fruit products
- Snack products
Market Segments
Key markets include:
- Retail grocery stores
- Food service industry
- Private label manufacturing
Operational Details
Operates 19 manufacturing facilities across the United States with approximately 3,200 employees.
Stock Performance
| Stock Price (January 2024) | Market Capitalization | 52-Week Range |
|---|---|---|
| $52.14 | $934 million | $38.45 - $65.87 |
A Who Owns Seneca Foods Corporation (SENEA)
Major Shareholders
| Shareholder | Shares Owned | Percentage of Ownership |
|---|---|---|
| Dimensional Fund Advisors LP | 716,487 | 8.12% |
| BlackRock Inc. | 510,757 | 5.79% |
| The Vanguard Group, Inc. | 395,650 | 4.48% |
| Renaissance Technologies LLC | 272,502 | 3.09% |
Insider Ownership
Seneca Foods Corporation insider ownership includes:
- Gerald Driscoll (Chairman): 1,026,741 shares
- Kevin Hensley (CEO): 183,242 shares
- Kevin Smith (CFO): 55,389 shares
Institutional Ownership
Total institutional ownership: 39.7% as of Q4 2023
Public Float
Public float shares: 8,825,000 shares
Stock Class Details
| Stock Class | Ticker Symbol | Exchange |
|---|---|---|
| Class A Common Stock | SENEA | NASDAQ |
| Class B Common Stock | SENEB | NASDAQ |
Seneca Foods Corporation (SENEA) Mission Statement
Company Overview
Seneca Foods Corporation, founded in 1949, is a publicly traded company (NASDAQ: SENEA) specializing in food processing and manufacturing.
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $1.06 billion |
| Net Income | $36.7 million |
| Market Capitalization | $397.8 million |
Core Business Segments
- Vegetable Segment
- Fruit Segment
- Snack Segment
Strategic Mission Components
Primary Mission Focus: Providing high-quality processed food products to retail and institutional markets.
| Product Category | Annual Production Volume |
|---|---|
| Canned Vegetables | 185 million cases |
| Frozen Vegetables | 95 million pounds |
| Processed Fruits | 75 million cases |
Operational Footprint
- 12 Manufacturing Facilities
- Operations in United States
- Approximately 2,500 Employees
Key Performance Metrics
Operational Efficiency: 82% capacity utilization across manufacturing facilities.
| Financial Indicator | 2023 Performance |
|---|---|
| Gross Profit Margin | 12.4% |
| Operating Cash Flow | $89.5 million |
| Debt-to-Equity Ratio | 1.2:1 |
How Seneca Foods Corporation (SENEA) Works
Company Overview
Seneca Foods Corporation, traded on NASDAQ as SENEA, is a food processing company headquartered in Marion, New York. As of 2024, the company has a market capitalization of $677.54 million.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $1.84 billion |
| Net Income | $48.3 million |
| Total Assets | $1.29 billion |
| Shareholders' Equity | $476.5 million |
Product Lines
- Canned Vegetables
- Frozen Vegetables
- Fruit Products
- Private Label Food Processing
Manufacturing Facilities
Seneca Foods operates 16 manufacturing facilities across the United States, located in:
- New York
- Wisconsin
- California
- Michigan
- Ohio
Production Capacity
| Product Category | Annual Production Volume |
|---|---|
| Canned Vegetables | 130 million cases |
| Frozen Vegetables | 95 million pounds |
Employee Information
Total Employees: 2,800 as of 2024
Stock Performance
| Stock Metric | Current Value |
|---|---|
| Stock Price (SENEA) | $61.37 |
| Price to Earnings Ratio | 14.2 |
| Dividend Yield | 1.8% |
How Seneca Foods Corporation (SENEA) Makes Money
Revenue Streams
Seneca Foods Corporation generates revenue through multiple product categories:
| Product Category | Annual Revenue (2022) |
|---|---|
| Canned Vegetables | $688.3 million |
| Frozen Vegetables | $372.6 million |
| Fruits and Specialty Products | $246.8 million |
Primary Business Segments
- Private Label Vegetable Production
- Branded Vegetable and Fruit Products
- Retail and Foodservice Distribution
Key Customer Base
Seneca Foods serves multiple market segments:
- Grocery Retailers
- Wholesale Distributors
- Food Service Providers
- Government Institutions
Financial Performance
| Financial Metric | 2022 Value |
|---|---|
| Total Revenue | $1.307 billion |
| Net Income | $43.2 million |
| Gross Profit Margin | 12.3% |
Product Manufacturing Facilities
Total Manufacturing Locations: 16 facilities across United States
- 9 Vegetable Processing Plants
- 4 Fruit Processing Facilities
- 3 Specialty Product Plants
Inventory and Processing
Annual Processing Capacity:
- Vegetables: 1.2 million tons
- Fruits: 350,000 tons
- Canned Products: 150 million cases
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