Seneca Foods Q3 net sales rise, gross margin improves
Overview
North America packaged foods provider's Q3 net sales rose yr/yr
Company's Q3 gross margin improved significantly compared to last year
Outlook
Company does not provide specific financial guidance for future quarters
Result Drivers
SELLING PRICES AND PRODUCT MIX - Higher selling prices and favorable product mix contributed to a $5.4 mln increase in Q3 net sales, despite lower sales volume
NORMALIZED COSTS - Improved gross margin attributed to normalized costs after a poor 2024 harvest season, per CEO Paul Palmby
CASH FLOW AND DEBT REDUCTION - Strong operating results and reduced working capital led to robust cash flow and decreased net debt
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 Sales |
| $508.35 mln |
|
Q3 EPS |
| $6.48 |
|
Q3 Operating Income |
| $59.97 mln |
|
Q3 Pretax Profit |
| $58.64 mln |
|
Press Release: ID:nGNX2Xz1YK
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