Seneca Foods Corporation is a leading provider of packaged fruits and vegetables with operations supporting a wide range of food and non-food products across the United States and internationally.

# Summary of Seneca Foods Corporation

## Business Overview
- **Founded:** 1949
- **Headquarters:** Fairport, New York, at 350 WillowBrook Office Park
- **Main Business:** Leading provider of packaged fruits and vegetables.
- **Facilities:** 26 main facilities across the United States, including plants for packaging, can manufacturing, seed production, farming, and logistics.
- **Operations Support:** Warehouses adjacent to packaging plants distributed nationwide.
- **Segments:** Managed primarily through two food packaging segments:
  - Vegetable (98% of net sales)
  - Fruit/Snack
- **Other Operations:** Non-food operations including sale of cans, ends, seed, and aircraft-related revenues.

## Principal Products & Markets
- **Product Offerings:** Canned, frozen, and jarred produce, as well as snack chips.
- **Customers:**
  - Major grocery outlets: Supermarkets, mass merchandisers, specialty retailers, club stores, and dollar stores.
  - Foodservice industry: Distributors, restaurant chains, and industrial customers.
  - Export markets: Approximately 55 countries.
  - Public sector: Federal, state, and local governments for school and food programs.
  - Contract packing: Canned and frozen vegetables.
- **Brands:** Own and licensed brands including:
  - Seneca®, Libby’s®, Green Giant®, Aunt Nellie’s®, CherryMan®, Green Valley®, READ®.
- **Market Reach:** Nationwide U.S. sales with international exports.

## Raw Materials & Supply
- **Suppliers:** Over 1,100 American farms for fruits and vegetables.
- **Additional Materials:** Steel, ingredients, packaging materials sourced from commodity processors and suppliers.
- **Cost Factors:** Fluctuations driven by supply chain disruptions, commodity prices, labor, fuel, and transportation costs.

## Financials (Fiscal Year 2025)
- **Total Net Sales:** Approximately \$1.58 billion (up from \$1.46 billion in 2024).
  - U.S. sales: \$1.49 billion
  - International sales: \$86.6 million
- **Net Income:** Not explicitly provided in the excerpt, but the quarterly net earnings ranged from about \$12.7 million to \$14.7 million in the third quarter.
- **Employees:**
  - Total full-time employees: Approximately **2,885**
  - Seasonal employees during peak harvest: Approximately **4,010**
- **Customer Concentration:** The top 10 customers represented approximately 52-53% of net sales, indicating significant customer concentration.

## Corporate & Industry Context
- **Market Position:** Major producer but with some competitors surpassing sales.
- **Regulatory & Compliance:** Subject to extensive U.S. federal, state, and local regulations on safety, labeling, and environmental standards.
- **Product & Packaging Innovation:** License agreements (e.g., Green Giant®, Libby’s®) and efforts in alternative packaging materials.
- **Seasonality:** Production peaks during the second and third fiscal quarters, with inventory and sales highly season-dependent.
- **Market Risks:** Excess capacity leading to downward price pressure, competition from imported products, transportation cost fluctuations, and potential product recalls.
- **Other Risks:** Regulatory changes, climate, weather, labor shortages, cybersecurity threats, and economic conditions affecting consumer spending.

This detailed summary encapsulates Seneca Foods’ operational scope, product range, market reach, workforce size, revenue figures, and key risk factors based strictly on the information provided.

Seneca Foods Corporation is a major player in the packaged fruits and vegetables industry, recognized for its high-quality products and innovation since 1949.

# Seneca Foods Corporation Overview

## Business Description
Seneca Foods Corporation is a leading provider of packaged fruits and vegetables, founded in 1949. The company has grown through internal expansion and strategic acquisitions, operating 26 main facilities throughout the United States. Its manufacturing footprint includes plants for food packaging, can manufacturing, seed production, farming operations, and a logistical support network.

## Products and Segments
Seneca provides a wide range of product offerings which include:

- **Canned Vegetables:** Representing 83% of total food sales.
- **Frozen Vegetables:** Accounting for 8% of sales.
- **Fruit Products:** Comprising 6% of sales.
- **Snack Products:** Making up 1% of sales.
- **Private Label Products:** For retailers and food service industries.
- **Branded Products:** Includes notable brands like Seneca®, Libby’s®, Green Giant®, Aunt Nellie’s®, CherryMan®, Green Valley®, and READ®.

The company operates primarily in two segments:
1. **Vegetable**
2. **Fruit/Snack**

### Financial Performance (Fiscal Year 2024)

- **Net Sales:** $1,458.6 million
  - **Canned Vegetables:** $1,204.8 million
  - **Frozen Vegetables:** $120.8 million
  - **Fruit Products:** $87.4 million
  - **Snack Products:** $13.4 million
  - **Other:** $32.2 million
- **Revenue Breakdown by Geography (2024):**
  - **Domestic Sales:** $1,374.8 million (94.3%)
  - **International Sales:** $83.8 million (5.7%)

### Employees
As of March 31, 2024:
- **Total Employees:** Approximately 2,900 (including 100 permanent and around 3,900 seasonal employees during peak summer harvest).

### Market Presence
Seneca sells its products through various channels, serving:
- **Grocery Outlets:** Supermarkets, mass merchandisers, limited assortment stores, club stores, and dollar stores.
- **Food Service Distributors** and **Restaurant Chains.**
- Exports to **approximately 55 countries.**
  
The company's top ten customers constituted approximately **52% of net sales** in both fiscal years 2024 and 2023.

### Competitive Landscape
Seneca competes with numerous companies in the packaged food industry, including over 13 known competitors in the U.S. packed fruit and vegetable market.

## Summary
Seneca Foods Corporation is a significant player in the U.S. food packaging industry, emphasizing quality, customer service, and innovation. With a broad product range and a robust operational structure, the company aims to enhance its market share and profitability while managing the complexities of the food production and packaging landscape.

Seneca Foods Corp

10-K / June 12, 2025

10-K / June 13, 2024

10-K / June 12, 2025

Summary of Seneca Foods Corporation

Business Overview

Principal Products & Markets

Raw Materials & Supply

Financials (Fiscal Year 2025)

Corporate & Industry Context