Seneca Foods Corporation has reported its financial results for fiscal year 2025, revealing a total net sales figure of approximately $1.58 billion. The company, which operates primarily in the food packaging industry, noted that its food operations accounted for 98% of total net sales during this period. Canned vegetables led the segment, representing 83% of sales, while frozen vegetables and fruit products constituted 8% and the remaining percentage of net sales, respectively. The company's quarterly breakdown showed net sales of $304.7 million in the first quarter, $425.5 million in the second quarter, $502.9 million in the third quarter, and $345.8 million in the fourth quarter. Gross margin figures for these quarters were $42.7 million, $42.9 million, $49.1 million, and $15.5 million, respectively. Net earnings for the quarters were $12.7 million, $13.3 million, $14.7 million, and $0.6 million, showing a significant drop in the fourth quarter. This variation in net earnings suggests a challenging end to the fiscal year, contrasting with relatively stable performance in the earlier quarters. The company has also highlighted potential risks, including rising costs and availability issues related to raw materials such as fruits, vegetables, and steel, as well as other factors like crude oil prices impacting distribution and energy costs. No specific future outlook or guidance was provided in the report.
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