REPORT OF EARNINGS AND DIVIDEND DECLARATION

Rhea-AI Summary

Seaboard Corporation (NYSE American: SEB) reported its earnings for the three and six months ended July 2, 2022. For the second quarter, the net sales reached $2,973 million, an increase from $2,430 million in the same period last year. Operating income was $192 million, up from $165 million. However, net earnings attributable to Seaboard decreased to $108 million compared to $176 million in 2021. The company's Board declared a quarterly cash dividend of $2.25 per share, payable on August 22, 2022.

Positive

• Net sales increased by 22.4% year-over-year to $2,973 million.
• Operating income rose to $192 million from $165 million.

Negative

• Net earnings attributable to Seaboard decreased to $108 million from $176 million.
• Earnings per share fell to $92.53 from $151.56.

MERRIAM, Kan., Aug. 2, 2022 /PRNewswire/ -- The following is a report of earnings for Seaboard Corporation (NYSE American: SEB), with offices at 9000 West 67^th Street, Merriam, Kansas, for the three and six months ended July 2, 2022, and July 3, 2021, in millions of dollars except share and per share amounts (unaudited).

 

		Three Months Ended						Six Months Ended
		July 2,			July 3,			July 2,			July 3,
		2022			2021			2022			2021
Net sales		$	2,973		$	2,430		$	5,682		$	4,489
Operating income		$	192		$	165		$	338		$	257
Net earnings attributable to Seaboard		$	108		$	176		$	211		$	355
Earnings per common share		$	92.53		$	151.56		$	181.81		$	305.59
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		$	4.50		$	4.50

 

Seaboard Corporation today filed its Quarterly Report on Form 10-Q with the United States Securities and Exchange Commission. Seaboard Corporation has provided access to the Quarterly Report on Form 10-Q 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 August 22, 2022, to stockholders of record at the close of business on August 12, 2022.

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SOURCE Seaboard Corporation

FAQ

What were Seaboard Corporation's earnings for Q2 2022?

Seaboard Corporation reported net sales of $2,973 million and net earnings of $108 million for Q2 2022.

When is the dividend payment date for Seaboard Corporation in 2022?

The dividend payment date is August 22, 2022, for stockholders of record on August 12, 2022.

What is the earnings per share for Seaboard Corporation for Q2 2022?

The earnings per share for Q2 2022 is $92.53.

How does Seaboard Corporation's net sales in Q2 2022 compare to Q2 2021?

Net sales in Q2 2022 were $2,973 million, compared to $2,430 million in Q2 2021.