{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-23-017257","form_type":"8-K","ticker":"SENEB","cik":"0000088948","company_name":"Seneca Foods Corp","filed_at":"2023-06-13T23:59:59+00:00","discovered_at":"2026-05-14T18:03:42.651938+00:00","generated_at":"2026-06-14T02:31:04.154949+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Seneca Foods reports record FY2023 sales of $1.51B; gross margin falls to 9.0% on $100M LIFO charge","bullets":["Full-year net sales $1,509.4M (+$124.1M vs FY2022) driven by higher selling prices, partially offset by lower volumes.","Gross margin declined to 9.0% from 10.7% due to a $64.2M increase in the LIFO charge; Q4 margin 5.3% vs 8.0%.","CEO cites unprecedented non-cash LIFO charge of $100M; company achieved record FIFO EBITDA despite cost pressures.","Fourth-quarter net sales $331.1M, essentially flat vs $332.4M prior year; lower volumes mostly offset by higher prices.","Inventory levels replenished entering fiscal 2024; management positioned to meet customer demand."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-23-017257","json":"https://secwatch.observer/filing/0001437749-23-017257.json","markdown":"https://secwatch.observer/filing/0001437749-23-017257.md","text":"https://secwatch.observer/filing/0001437749-23-017257.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/88948/000143774923017257/0001437749-23-017257-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/88948/000143774923017257/senea20230605_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-14T02:31:04.154949+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"196f51c7bd1b4e973371b032b3dc57fe7bc5174a","claim":"Seneca Foods Corp reported the fourth quarter ended March 31, 2023 results: revenue $331.1 million.","evidence_excerpt":"pandemic, and are in position to serve our customers’ needs.” Executive Summary (vs. year-ago, fourth quarter results): ■ Net sales for the fourth quarter of fiscal 2023 totaled $331.1 million compared to $332.4 million for the fourth quarter of fiscal 2022. The year-over-year decrease of $1.3 million was mainly due to lower sales volumes mostly offset by higher","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/88948/000143774923017257/0001437749-23-017257-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended March 31, 2023"},{"label":"Revenue","value":"$331.1 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"597c6080cd28d8b90df750b04f60fa81ebbab628","claim":"Seneca Foods Corp reported the twelve months ended March 31, 2023 results: revenue $1,509.4 million.","evidence_excerpt":"the fourth quarter and twelve months ended March 31, 2023. Executive Summary (vs. year-ago, year-to-date results): ■ Net sales for the twelve months ended March 31, 2023 totaled $1,509.4 million compared to $1,385.3 million for the twelve months ended March 31, 2022. The year-over-year increase of $124.1 million was mainly due to higher selling prices partially offset by","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/88948/000143774923017257/0001437749-23-017257-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the twelve months ended March 31, 2023"},{"label":"Revenue","value":"$1,509.4 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}