Seneca Foods Corporation acknowledges errors in their fiscal year 2023 and 2022 financial statements which can no longer be relied upon due to incorrect valuation of inventory. The errors resulted in increased cost of products sold amounting to $31.6 million in 2023 and $6.3 million in 2022 and decreased net earnings by $23.9 million in 2023 and $4.8 million in 2022. The company will file a Form 10-K/A, which will include restated financial statements for fiscal years 2023 and 2022.