Seneca Foods Reports Earnings of $13.8 Million or $1.38 per Diluted Share for the Fourth Quarter of Fiscal Year 2016

Net earnings for the fiscal year ended March 31, 2016, increased to $54.5 million, or $5.42 per diluted share, compared to $9.9 million, or $0.90 per diluted share,...

June 8, 2016

1 minute read

Net earnings for the fiscal year ended March 31, 2016, increased to $54.5 million, or $5.42 per diluted share, compared to $9.9 million, or $0.90 per diluted share, in the fiscal year ended March 31, 2015. Net sales for the fiscal year ended March 31, 2016, decreased from the fiscal year ended March 31, 2015 by 0.9%, to $1,275.4 million. The decrease is attributable to decreased sales volume of $11.1 million partially offset by higher selling prices/more favorable sales mix of $0.1 million.

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