Welcome to our dedicated page for Seaboard Corporation news (Ticker: SEB), a resource for investors and traders seeking the latest updates and insights on Seaboard Corporation stock.
Seaboard Corporation (NYSE American symbol: SEB) is a diversified global agribusiness and transportation company with a rich history spanning over 90 years. Rooted in grain and agriculturally derived products, Seaboard has grown through acquisitions, partnerships, and internal expansion. Today, Seaboard stands out in the industries it serves, employing more than 25,000 people globally, and ranking #417 on the 2015 Fortune 500 list with annual net sales of approximately $6.5 billion.
In the United States, Seaboard is primarily engaged in pork production and processing as well as ocean transportation. Internationally, the company is active in commodity merchandising, grain processing, sugar production, and electric power generation. Additionally, Seaboard has a significant investment in Butterball, LLC, a leading U.S. producer of turkey products.
Seaboard's business operations are categorized into six segments:
- Pork: Focused on hog production and pork processing within the U.S.
- Commodity Trading and Milling: Engaged in the trading of commodities and processing of grains primarily in Africa and South America.
- Marine: Offering cargo shipping services across the U.S., Caribbean, and Central and South America.
- Sugar and Alcohol: Operating sugar production and alcohol processing in Argentina.
- Power: Generating electric power in the Dominican Republic.
- Turkey and Others: Involvement in turkey operations through its investment in Butterball, LLC.
Seaboard's recent achievements include significant transactions and financial updates, such as:
- August 1, 2023: Reported earnings for the three- and six-month periods ended July 1, 2023, and declared a quarterly cash dividend.
- October 9, 2023: Announced the repurchase of 189,724 shares of its common stock in a significant financial transaction aimed at enhancing shareholder value.
- February 13, 2024: Filed its Annual Report on Form 10-K and declared a quarterly cash dividend.
For more detailed and updated information, visit Seaboard's investor relations page at Seaboard Corporation Investor Relations.
Marti Technologies (NYSE American: MRT), Türkiye's leading mobility super app, has appointed Deniz Terlemez as Interim Chief Financial Officer, effective November 1, 2024, succeeding Oguz Erkan. Terlemez, previously serving as Finance Director, brings over 15 years of executive finance experience. His background includes roles at Reef Technology as Senior Finance Manager, Vestel Companies as Group Reporting and Audit Manager, and Seaboard as Financial Controller. The transition comes as the company continues to scale its ride-hailing business monetization efforts, building upon the infrastructure established under Erkan's leadership.
Seaboard (SEB) reported financial results for Q3 2024, showing a decline in performance. Net sales decreased to $2,218 million from $2,388 million in Q3 2023. The company recorded a net loss of $149 million compared to net earnings of $126 million in the same period last year. Operating income fell to $32 million from $67 million. The results were significantly impacted by a $176 million valuation allowance on U.S. deferred tax assets. The company maintained its quarterly dividend at $2.25 per share, payable on November 18, 2024.
Seaboard (NYSE American: SEB) reported its earnings for Q2 2024 and H1 2024. Net sales for Q2 2024 were $2,209 million, down from $2,393 million in Q2 2023. Operating income improved to $30 million in Q2 2024 from a loss of $4 million in Q2 2023. Net earnings attributable to Seaboard increased to $61 million in Q2 2024 from $52 million in Q2 2023. Earnings per share rose to $62.82 in Q2 2024 from $44.80 in Q2 2023. The company declared a quarterly cash dividend of $2.25 per share, payable on August 19, 2024, to stockholders of record as of August 9, 2024.
Seaboard (NYSE American: SEB) reported earnings for Q1 2024, with net sales at $2.191 million, an operating loss of $20 million, and net earnings of $22 million. Earnings per share were $22.66, with a decrease in shares outstanding. The company declared a quarterly dividend of $2.25 per share.
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