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Seneca Foods fiscal Q1 profit falls YOY

4915429 said its normalized net income for the fiscal first quarter ended June 28 amounted to 2 cents per share, a decrease of 83.4% from 11 cents per share in the prior-year period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $202,500, a decrease of 83.3% from $1.2 million in the year-earlier period.

The normalized profit margin declined to 0.1% from 0.5% in the year-earlier period.

Total revenue climbed year over year to $240.0 million from $232.1 million, and total operating expenses climbed from the prior-year period to $239.0 million from $228.4 million.

eported net income totaled a loss of $105,000, or a loss of 1 cents per share, compared to income of $1.3 million, or 12 cents per share, in the prior-year period.Seneca Foods Corp.

4915429 said its normalized net income for the fiscal first quarter ended June 28 amounted to 2 cents per share, a decrease of 83.4% from 11 cents per share in the prior-year period.