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Seneca Foods Reports Sales Up $21.6 Million and Earnings Up $21.2 Million for the Six Months Ended September 26, 2009

MARION, N.Y., Nov 05, 2009 /PRNewswire-FirstCall via COMTEX/ --

Seneca Foods Corporation (Nasdaq: SENEA, SENEB) is pleased to report that net sales for the six months ended September 26, 2009 increased from last year by $21.6 million, or 4.1%, to $553.7 million. The increase in sales is attributable to increased selling prices/improved sales mix of $45.8 million partially offset by a sales volume reduction of $24.2 million. Net earnings increased to $23.5 million, or $1.92 per diluted share, compared to $2.3 million or $0.19 per diluted share in the prior year. Excluding a non-cash after-tax LIFO charge of $6.1 million and $16.0 million, net earnings per diluted share were $2.42 and $1.49 during the six months periods ended September 26, 2009 and September 27, 2008, respectively.

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