REPORT OF EARNINGS AND DIVIDEND DECLARATION

Rhea-AI Summary

Seaboard Corporation (SEB) reported its earnings for the year ended December 31, 2022. The company achieved net sales of $11,243 million, up from $9,229 million in 2021. Operating income rose to $657 million compared to $458 million in the previous year. Net earnings attributable to Seaboard reached $580 million, with earnings per share at $499.66. A quarterly cash dividend of $2.25 per share was declared, payable on March 6, 2023. The Annual Report on Form 10-K is accessible on the company’s website.

Positive

• Net sales increased to $11,243 million in 2022 from $9,229 million in 2021.
• Operating income grew to $657 million in 2022, up from $458 million in 2021.
• Net earnings attributable to Seaboard rose to $580 million, compared to $570 million in 2021.
• Earnings per share reached $499.66, a significant increase from $490.36 in the prior year.
• Quarterly dividend of $2.25 declared, signaling strong cash flow.

Negative

• None.

MERRIAM, Kan., Feb. 14, 2023 /PRNewswire/ -- The following is a report of earnings for Seaboard Corporation (NYSE American symbol: SEB), with offices at 9000 West 67^th Street, Merriam, Kansas, for the quarters and years ended December 31, 2022 and December 31, 2021, in millions of dollars except share and per share amounts.

				Three Months Ended						Years Ended
				December 31,			December 31,			December 31,			December 31,
				2022			2021			2022			2021
Net sales		$			2,666		$	2,464		$	11,243		$	9,229
Operating income		$			164		$	89		$	657		$	458
Net earnings attributable to Seaboard		$			223		$	121		$	580		$	570
Earnings per common share		$			192.11		$	103.27		$	499.66		$	490.36
Average number of shares outstanding					1,160,779			1,160,779			1,160,779			1,160,779
Dividends declared per common share		$			2.25		$	2.25		$	9.00		$	9.00

Seaboard Corporation today filed its Annual Report on Form 10-K with the United States Securities and Exchange Commission. Seaboard Corporation has provided access to the Annual Report on Form 10-K on its website at https://www.seaboardcorp.com/investors.

Also, Seaboard Corporation announced today that its Board of Directors has authorized and declared a quarterly cash dividend of $2.25 per share of its common stock. The dividend is payable on March 6, 2023 to stockholders of record at the close of business on February 24, 2023.

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SOURCE Seaboard Corporation

FAQ

What is Seaboard Corporation's latest revenue report for 2022?

Seaboard Corporation reported net sales of $11,243 million for the year ended December 31, 2022.

What were Seaboard's earnings per share for 2022?

Seaboard Corporation's earnings per share for 2022 were $499.66.

When is Seaboard's quarterly dividend payable?

The quarterly dividend of $2.25 is payable on March 6, 2023.

How did Seaboard's net earnings compare in 2022 versus 2021?

Net earnings attributable to Seaboard increased to $580 million in 2022, compared to $570 million in 2021.

Where can I find Seaboard Corporation's annual report for 2022?

Seaboard Corporation's Annual Report on Form 10-K is available on their investors' website.