Seneca Foods Reports Earnings of $8.1 Million or $0.66 per Diluted Share for the First Half of 2011

Seneca Foods Corporation SENEA reported that net sales for the six months ended October 2, 2010 decreased from last year by $58.3 million, or 10.5%, to $495.4 million. The decrease is attributable to decreased selling prices and a less favorable sales mix of $30.2 million and decreased sales volume of $28.1 million attributable to lower alliance and co-pack sales. Net earnings decreased to $8.1 million, or $0.66 per diluted share, compared to $23.5 million, or $1.92 per diluted share, in the prior year.