Seneca Foods Corp. reported unaudited consolidated earnings results for the fourth quarter and year ended March 31, 2013. For the quarter, the company reported net sales of $274.922 million compared to $270.389 million a year ago. The increase is attributable to increased selling prices and more favorable sales mix of $2.3 million and additional sales volume of $2.2 million. Operating income was $7.760 million compared to operating loss of $1.752 million a year ago. Earnings before income taxes were $5.531 million compared to loss before income taxes of $4.024 million a year ago. Earnings attributable to common stock were $3.780 million or $0.35 per diluted share compared to loss attributable to common stock of $2.114 million or $0.18 per diluted share a year ago. Net earnings, excluding LIFO impact was $1.9 million or $0.17 per diluted share compared to $9.1 million or $0.75 per diluted share a year ago. For the year, the company reported net sales of $1,276.297 million compared to $1,257.805 million a year ago. The increase is attributable to increased selling prices and improved sales mix of $34.3 million partially offset by a sales volume reduction of $15.8 million. Operating income was $70.934 million compared to $25.623 million a year ago. Earnings before income taxes were $63.448 million compared to $17.521 million a year ago. Earnings attributable to common stock were $39.984 million or $3.57 per diluted share compared to $10.851 million or $0.92 per diluted share a year ago. Net earnings, excluding LIFO impact was $38.7 million or $3.33 per diluted share compared to $42 million or $3.44 per diluted share a year ago. EBITDA was $93.885 million compared to $47.950 million a year ago. FIFO EBITDA was $89.672 million compared to $95.290 million a year ago.

Seneca Foods Corp. expected to report Fiscal Year 2013 results on May 24, 2013. This event was calculated by Capital IQ (Created on April 16, 2013).

Seneca Foods Corp. announced unaudited consolidated earnings results for the third quarter and nine months ended December 29, 2012. For the quarter, the company reported net earnings of $14,790,000 or $1.32 per basic and diluted share compared to net earnings of $18,530,000 or $1.52 per diluted share a year ago. Net sales were $452,731,000 against $446,891,000 a year ago. Earnings before income taxes were $22,032,000 against $29,385,000 a year ago. Operating income was $23,975,000 against $31,549,000 a year ago. Net earnings, excluding LIFO impact was $15.6 million or $1.39 per diluted share compared to net earnings, excluding LIFO impact of $25.5 million or $2.09 per diluted share a year ago. The increase in net sales is attributable to a sales volume increase of $28.1 million partially offset by a less favorable sales mix and lower selling prices of $22.3 million. Part of the sales volume increase can be attributed to stronger promotional activity than in the prior year. For the nine months, the company reported net sales of $1,001,375,000 compared to $987,416,000 a year ago. Net earnings were $37,502,000 or $3.19 per diluted share compared to net earnings of $13,438,000 or $1.10 per basic and diluted share a year ago. Earnings before income taxes were $57,917,000 against $21,545,000 a year ago. Operating income was $63,174,000 against $27,375,000 a year ago. Net earnings, excluding LIFO impact was $36.7 million or $3.13 per diluted share compared to net earnings, excluding LIFO impact of $32.9 million or $2.70 per diluted share a year ago. EBITDA was $80,131,000 and FIFO EBITDA was $78,955,000 compared to EBITDA of $43,961,000 and FIFO EBITDA of $74,016,000, respectively for the same period last year. The increase in net sales is attributable to higher selling prices and a more favorable sales mix of $32.0 million partially offset by a sales volume decrease of $18.0 million.