This Week
  • GM injection: The automaker has invested $150 million here since 2011.

  • East High School teacher and blogger Kelly LaLonde speaks out about education.

  • HBT Architects took a risk and parted with some clients on its new path.

  • Placing a loved one in an elder care facility is not an easy decision for caregivers.

  • Robert W. Hurlbut heads a 1,400-employee business started by his grandparents.

  • The new edition of Explore Greater Rochester is here.

Seneca Foods reports boost in sales but declining profit in Q1

Rochester Business Journal
August 1, 2013

Seneca Foods Corp. reported a decrease in first-quarter profit, despite an increase in sales.

The Marion, Wayne County food processor posted net earnings of $1.3 million, or 12 cents a share, compared with net earnings of $8.2 million, or 67 cents a diluted share, a year ago.

Sales were up less than 1 percent to $232.1 million. The increase was due to higher sales volume of $12.5 million partially offset by lower selling prices/unfavorable sales mix of $11.4 million, the company reported.

Excluding a non-cash after-tax last in first out charge of $3.8 million, net earnings per diluted share were 46 cents during the quarter versus 74 cents during last year’s quarter, which included a non-cash last in first out charge of $800,000.

 (c) 2013 Rochester Business Journal. To obtain permission to reprint this article, call 585-546-8303 or e-mail service@rbj.net.
 


What You're Saying 

There are no comments yet. Be the first to add yours!

Post Your Own Comment

 
Username:
Password:

Not registered? Sign up now!
 

To Do   Text Size
Post CommentPost A Comment eMail Size1
View CommentsView All Comments PrintPrint Size2
ReprintsReprints Size3
  • E-mailed
  • Commented
  • Viewed
RBJ   Google