NASDAQ$SENEA

Seneca Foods Corporation · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Reported increased sales and improved gross margin percentage due to higher selling prices and sales volume.

Seneca Foods reported a 5.5% increase in net sales to $390.3 million and an improved gross margin percentage from 6.5% to 12.5% compared to the prior year's second quarter. Strong demand driven by anticipated consumer pantry loading due to COVID-19 helped drive sales and net income.

  • Net sales increased 5.5% to $390.3 million.
  • Gross margin percentage increased from 6.5% to 12.5% compared to the prior year.
  • Strong demand driven by customer's anticipated consumer pantry loading due to COVID-19 continues to help drive sales and net income.
  • Second quarter showed solid results when compared to the prior year.

Headline financials

Total Revenue

$390M

Previous: $370M+5.5%
EPS (adj)

$1.97

Previous: $0.49+302.0%
Capital Expenditures

-$27.3M

Previous: -$16.5M-65.9%
Free Cash Flow

$59.7M

Previous: $48.1M+24.0%
Net Income

$18.1M

Previous: $4.64M+290.6%
Operating Income

$27.7M

Previous: $7.39M+274.6%
Gross Profit

$48.9M

Previous: $24.1M+103.5%
Cash & Equivalents

$14.8M

Previous: $17.6M-16.0%
Total Assets

$1.07B

Previous: $1.05B+2.0%

Revenue & EPS history

Seneca Foods · Revenue · Quarterly

$390M

Q2 2021+5.5%vs Q2 2020

Forward guidance

The information contained in this release contains, or may contain, forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Investors are cautioned not to place undue reliance on such statements.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

+0.6%

Avg return

Earnings day

+1.1%

Avg return

5 days after

+3.8%

Avg return

30 days after

51%

33 / 65 earnings

Positive

+17.0%

Q4 2026

Best reaction

-21.8%

Q4 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+17.0%+4.7%
Q3 2026-0.2%+2.5%+17.1%
Q2 2026+0.1%+14.1%+11.3%
Q1 2026+0.7%+2.7%+8.5%
Q4 2025-3.2%-4.0%+8.3%
Q3 2025-0.7%+6.1%+20.8%
Q2 2025-0.6%+2.8%+13.5%
Q1 2025+3.9%+4.6%+3.2%
Q4 2024-0.5%+1.6%+3.5%
Q3 2024-5.7%-13.6%-1.3%
Q2 2024-1.5%-6.9%-7.5%
Q1 2024+9.5%+18.3%+28.4%
Q4 2023-10.1%-10.7%-23.7%
Q3 2023+4.1%-3.6%-11.9%
Q2 2023+5.0%-0.7%+0.6%
Q1 2023-9.1%-9.4%-19.8%
Q4 2022-21.8%-15.1%-10.3%
Q3 2022+4.8%+8.8%+6.7%
Q2 2022-10.8%-10.2%-15.2%
Q1 2022-4.6%-4.9%-7.8%
Q4 2021+4.1%+3.9%+9.0%
Q3 2021+10.4%+18.7%+47.4%
Q2 2021+4.4%-1.6%+14.5%
Q1 2021+4.4%+8.0%+10.0%
Q4 2020+15.1%+15.5%+18.5%
Q3 2020+5.5%+0.4%-3.8%
Q2 2020+1.2%+0.6%+9.4%
Q1 2020-1.2%-18.9%-7.6%
Q4 2019+2.9%+6.0%+11.9%
Q3 2019+4.6%+4.1%+5.9%
Q2 2019-6.9%-10.4%-10.0%
Q1 2019-1.3%+5.2%+15.0%
Q4 2018+5.0%+6.7%+0.4%
Q3 2018+3.8%+5.4%-4.0%
Q2 2018+3.7%+2.3%-9.2%
Q1 2018+0.9%+5.1%+1.6%
Q4 2017-2.1%-6.9%-7.8%
Q3 2017-5.4%-12.1%-6.1%
Q2 2017+1.9%+27.4%+36.2%
Q1 2017-5.9%-10.5%-22.5%
Q4 2016+7.2%+8.7%+20.7%
Q3 2016+1.7%
Q2 2016-2.6%
Q1 2016+7.3%
Q4 2015+0.0%
Q3 2015-0.9%
Q2 2015-2.7%
Q1 2015+4.4%
Q4 2014+6.6%
Q2 2014+6.6%
Q3 2014+2.2%
Q1 2014-1.3%
Q4 2013-4.5%
Q2 2013-4.5%
Q3 2013+2.5%
Q1 2013+9.5%
Q1 2012+9.5%
Q4 2012-2.6%
Q2 2012-2.6%
Q3 2012-1.8%
Q3 2011-1.8%
Q2 2011+9.6%
Q4 2011-7.7%
Q1 2011-7.7%
Q4 2010-7.7%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro