This QQ4 2024 report analyzes Seneca Foods’ latest quarter ended March 31, 2024, highlighting a revenue decline amid margin compression and a net loss despite robust operating cash flow. The quarter produced revenue of $307.98 million with a gross profit of $20.78 million, translating to a gross margin of 6.75% and an EBITDA of $13.24 million (EBITDA margin of 4.30%). Operating income was $2.87 million, while net income stood at a negative $2.25 million, or -$0.32 per share. Year-over-year, revenue fell 6.97% and quarter-over-quarter it declined 30.71%, with gross profit down 18.83% YoY and 61.55% QoQ. Despite the bottom-line loss, the company generated positive cash flow from operations of $45.16 million and free cash flow of $40.37 million, signaling working-capital-driven cash generation in a seasonally weak quarter. Net debt remained meaningful at approximately $638.97 million, even as liquidity metrics showed strength (current ratio 6.40x), underscoring a cash-generative core that can support near-term deleveraging if margin and working-capital dynamics improve.