SENEA FY 2022 Earnings Report — Seneca Foods Corporation Revenue & Financial Results | Market Cap Arena

Seneca Foods CorporationSENEA

FY 2022 Earnings

Reported June 10, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2022	Prior Q	FY 2021	QoQ Change	YoY Change
Revenue	$1.4B	—	$1.5B	—	-5.6%
Op. Income	$64M	—	$181M	—	-64.6%
Gross Margin	10.2%	—	15.8%	—	-5.6pp
Net Margin	3.3%	—	8.6%	—	-5.3pp
EPS (Diluted)	$5.24	—	$13.72	—	-61.8%
Free Cash Flow	-$23M	—	$112M	—	-120.8%

Revenue Flow

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.2B
GROSS PROFIT	$142M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$76M
Other Expenses	$1M
Operating Expenses	$78M
Cost & Expenses	$1.3B
OPERATING INCOME	$64M
Interest Income	$63.0K
Interest Expense	$6M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$60M
Income Tax Expense	$14M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	-$20.0K
BOTTOM LINE NET INCOME	$46M
D&A	$37M
EBIT	$66M
EBITDA	$102M
EPS	$5
EPS Diluted	$5

Income Statement

Item	Amount
REVENUE	$1.4B
Cost of Revenue	$1.2B
GROSS PROFIT	$142M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$76M
Other Expenses	$1M
Operating Expenses	$78M
Cost & Expenses	$1.3B
OPERATING INCOME	$64M
Interest Income	$63.0K
Interest Expense	$6M
Other Income/Expenses	-$4M
INCOME BEFORE TAX	$60M
Income Tax Expense	$14M
Net Income from Continuing Ops	$46M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$46M
Net Income Deductions	-$20.0K
BOTTOM LINE NET INCOME	$46M
D&A	$37M
EBIT	$66M
EBITDA	$102M
EPS	$5
EPS Diluted	$5

Cash Flow Statement

Item	Amount
Net Income	$46M
Depreciation & Amortization	$37M
Stock-Based Compensation	$120.0K
Deferred Income Tax	$7M
Other Non-Cash Items	$66M
Change in Working Capital	-$126M
OPERATING CASH FLOW	$30M
Capital Expenditure	-$53M
Acquisitions (Net)	$0
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$8M
NET CASH FROM INVESTING	-$45M
Net Debt Issuance	$8M
Common Stock Repurchased	-$39M
Common Dividends Paid	$0
Other Financing Activities	-$3M
NET CASH FROM FINANCING	-$34M
FREE CASH FLOW	-$23M
Net Change in Cash	-$49M

Balance Sheet

Item	Amount
Cash & Equivalents	$11M
Short-Term Investments	$0
Net Receivables	$125M
Inventory	$404M
Other Current Assets	$11M
TOTAL CURRENT ASSETS	$551M
PP&E (Net)	$337M
Goodwill	$0
Intangible Assets	$0
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	$55M
TOTAL NON-CURRENT ASSETS	$392M
TOTAL ASSETS	$942M
Account Payables	$88M
Short-Term Debt	$26M
Deferred Revenue	$8M
Other Current Liabilities	$12M
TOTAL CURRENT LIABILITIES	$173M
Long-Term Debt	$110M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$33M
Other Non-Current Liabilities	$5M
TOTAL NON-CURRENT LIABILITIES	$190M
TOTAL LIABILITIES	$363M
Common Stock	$3M
Additional Paid-In Capital	$99M
Retained Earnings	$632M
Treasury Stock	-$129M
Accum. Other Comp. Income	-$26M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$579M
Minority Interest	$0
TOTAL EQUITY	$579M
TOTAL LIABILITIES & EQUITY	$942M
Total Debt	$178M
Net Debt	$167M