secwatch.observer — SEC 8-K summary
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Issuer:     Seneca Foods Corp (SENEB)
CIK:        0000088948
Form:       8-K
Filed at:   2022-06-10T23:59:59+00:00
Accession:  0001437749-22-014779
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seneca Foods FY22 net sales fall 5.6% to $1.385B; EPS drops to $5.79 from $13.72
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- Net sales $1,385.3M vs $1,467.6M prior year; $71.9M decrease from divestiture of prepared foods.
- Gross margin 10.7% of sales, down from 15.8% due to inflation and LIFO impacts.
- Net earnings $51.0M ($5.79 diluted EPS) vs $126.1M ($13.72) year ago.
- Adjusted net earnings $84.6M ($9.60 diluted EPS) vs $95.4M ($10.38) prior year.
- Q4 net sales up 9% to $332.4M but net earnings fell to $6.6M from $14.8M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88948/000143774922014779/0001437749-22-014779-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88948/000143774922014779/senea20220603_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-014779

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