Seneca Foods Corporation (SENEA: Quote,SENEB: Quote) reported first-quarter net earnings attributable to common stockholders of $7.9 million or $0.67 per share, compared to the net loss of $7.7 million or $0.66 per share in the comparable quarter last year.
Net earnings, excluding LIFO impact, for the quarter was $9.0 million or $0.74 per share, compared the the net loss, excluding LIFO impact, of $3.7 million or $0.31 per share last year.
Net sales for the latest quarter declined 10.4 percent to $231.1 million from $257.8 million last year.
The company attributed the decrease to a sales volume decrease of $57.3 million partially offset by higher selling prices and a more favorable sales mix of $30.5 million.
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by RTT Staff Writer
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