NASDAQ$SENEA

Seneca Foods Corporation · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Seneca Foods' financial performance remained relatively stable compared to the previous year's quarter, with a slight decrease in net sales offset by an improved gross margin.

Seneca Foods reported a slight decrease in net sales for the quarter, from $307.9 million to $304.8 million. However, the gross margin percentage increased from 15.1% to 18.7%. For the full year, net sales increased by $131.8 million, driven by increased sales volume and higher selling prices.

  • Net sales for the quarter decreased slightly by $3.1 million compared to the prior year quarter.
  • Gross margin percentage increased from 15.1% to 18.7% for the quarter.
  • Full year net sales increased by $131.8 million compared to the prior year.
  • The increase in full year sales was attributed to increased sales volume and higher selling prices, predominantly due to canned vegetables.

Headline financials

Total Revenue

$305M

Previous: $308M-1.0%
EPS (adj)

$1.61

Previous: $2.27-29.1%
Capital Expenditures

$31.3M

Previous: $18M+73.6%
Free Cash Flow

$48.8M

Previous: -$6.01M+912.7%
Net Income

$14.8M

Previous: $21.2M-30.1%
Operating Income

$32.5M

Previous: $27.1M+20.1%
Gross Profit

$57M

Previous: $46.4M+22.9%
Cash & Equivalents

$59.8M

Previous: $10.7M+459.1%
Total Assets

$909M

Previous: $909M+0.0%

Revenue & EPS history

Seneca Foods · Revenue · Quarterly

$305M

Q4 2021-1%vs Q4 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, which speak only as of the date the statements were made.

Headwinds

  • general economic and business conditions
  • cost and availability of commodities and other raw materials such as vegetables, steel and packaging materials
  • transportation costs
  • climate and weather affecting growing conditions and crop yields
  • availability of financing

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 Q4 2021

Historical avgQ4 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%

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