Executive Summary
Seneca Foods reported QQ3 2025 revenue of $502.9 million, up 13.1% year over year and 18.2% quarter over quarter, signaling solid top-line momentum. Despite revenue growth, gross profit declined year over year to $49.11 million with a gross margin of 9.77%, down from the prior-year period, indicating ongoing input-cost and mix pressures. Operating income reached $25.66 million (5.10% margin), while EBITDA stood at $38.72 million. Net income was $14.66 million, translating to $2.12 per share (diluted $2.10). Year-over-year earnings weakened (-14.2% in EPS) even as quarterly EPS rose 10.4% QoQ, underscoring some underlying quarterly volatility in margins.
Key Performance Indicators
QoQ: 10.19% | YoY:-17.06%
QoQ: 10.42% | YoY:-14.17%
Key Insights
Revenue: $502.856m (YoY +13.13%, QoQ +18.19%)
Gross Profit: $49.11m (GM 9.77%; YoY Gross Profit -9.11%; QoQ +14.55%)
Operating Income: $25.66m (4.1â5.1% margin; YoY -16.59%; QoQ +3.98%)
EBITDA: $38.72m (EBITDA Margin ~7.70%)
Net Income: $14.66m (Net Margin 2.92%; YoY -17.06%; QoQ +10.19%)
EPS (diluted): $2.10â$2.12; YoY EPS -14.17%; QoQ +10.42%
Cash Flow: CFO $117.73m; Capex $9.07m; Free Cash Flow $108.66m
Liquidity & Balance Sheet: Total assets $1.226b; Total liabilities $613.1m; Total ...
Financial Highlights
Revenue: $502.856m (YoY +13.13%, QoQ +18.19%)
Gross Profit: $49.11m (GM 9.77%; YoY Gross Profit -9.11%; QoQ +14.55%)
Operating Income: $25.66m (4.1â5.1% margin; YoY -16.59%; QoQ +3.98%)
EBITDA: $38.72m (EBITDA Margin ~7.70%)
Net Income: $14.66m (Net Margin 2.92%; YoY -17.06%; QoQ +10.19%)
EPS (diluted): $2.10â$2.12; YoY EPS -14.17%; QoQ +10.42%
Cash Flow: CFO $117.73m; Capex $9.07m; Free Cash Flow $108.66m
Liquidity & Balance Sheet: Total assets $1.226b; Total liabilities $613.1m; Total equity $612.8m; Current ratio 3.38; Inventory $735.7m; DSO 12.68 days; DIO 145.92 days; Payables outstanding 14.04 days
Debt & Leverage: Total debt $421.0m; Net debt $415.7m; Debt to equity 0.69; Debt to capitalization 0.41; Interest coverage 3.27
Valuation: P/E ~9.33; P/B ~0.89; EV/EBITDA ~24.86; P/S ~1.09; Dividend yield 0%
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
502.86M |
13.13% |
18.19% |
| Gross Profit |
49.11M |
-9.11% |
14.55% |
| Operating Income |
25.66M |
-16.59% |
3.98% |
| Net Income |
14.66M |
-17.06% |
10.19% |
| EPS |
2.12 |
-14.17% |
10.42% |
Key Financial Ratios
operatingProfitMargin
5.1%
operatingCashFlowPerShare
$17.09
freeCashFlowPerShare
$15.78
Management Commentary
Transcripts not provided in the dataset. Narrative synthesis of QQ3 2025 results relies on the 10-Q data and quarterly performance metrics. Management commentary and verbatim quotes from the QQ3 2025 earnings call are not available in the supplied materials.
Forward Guidance
No numeric forward guidance is provided in the QQ3 2025 filing. Given the exposure to commodity costs and working-capital dynamics, investors should monitor: (1) input cost trajectories and packaging costs, (2) pricing discipline and product mix shifts (private label vs. branded), (3) seasonal/dividend policy signals, and (4) working capital needs as production cycles normalize. Management commentary in sessions of this quarter typically emphasizes cash-generation ability and debt reduction as near-term priorities; absent explicit guidance, the trajectory will hinge on cost containment, demand stability, and inventory management.