| Business Summary | | Seneca
Foods
Corporation's
business
activities
are
conducted
in
food
and
non-food
segments.
The
food
segment
constitutes
98%
of
total
sales,
of
which
approximately
97%
is
vegetable
processing
and
3%
is
fruit
processing.
The
non-food
segment
is
an
air
charter
service,
which
represents
2%
of
the
Company's
business.
In
1995,
the
Company
began
operations
under
its
Alliance
Agreement
with
The
Pillsbury
Company,
which
created
the
Company's
most
significant
business
relationship.
During
fiscal
2001,
approximately
9%
of
the
Company's
processed
foods
were
packed
for
retail
customers
under
the
Company
branded
labels
of
Libby's,
Blue
Boy,
Aunt
Nellie's
Farm
Kitchen
and
Seneca,
and
44%
is
sold
under
the
Alliance
Agreement
with
Pillsbury. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Seneca
Foods
Corporation
is
a
provider
of
canned
vegetable
and
frozen
vegetable
products
to
retail
and
institutional
markets.
SENEB
also
provides
air
charter
service
in
upstate
New
York.
For
the
fiscal
year
ended
3/31/01,
net
sales
rose
9%
to
$674.3
million.
Net
income
applicable
to
Common
fell
82%
to
$790
thousand.
Results
reflect
higher
canned
vegetable
sales,
offset
by
higher
interest
expense,
lower
selling
prices
and
increased
natural
gas
and
fuel
costs. | More
from
Market Guide: Significant
Developments |
| | | | FY2001 Pay | |
| Arthur Wolcott, 75 Chairman | $371K | Kraig Kayser, 40 Pres,
CEO, Director | 313K | Philip Paras, 40 CFO | -- | Jeffery Van Riper, 44 Sec.,
Controller | -- | Sarah Mortensen, 56 Assistant
Sec. | -- | Dollar amounts are as of 31-Mar-2001 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|