REPORT OF EARNINGS AND DIVIDEND DECLARATION
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.
- Seaboard reported net earnings of $22 million for Q1 2024, showing profitability.
- The company declared a consistent quarterly cash dividend of $2.25 per share, providing returns to shareholders.
- Operating loss for Seaboard in Q1 2024 was $20 million, indicating a decrease in operational efficiency.
- Net sales for Seaboard decreased from $2.499 million in Q1 2023 to $2.191 million in Q1 2024, reflecting a decline in revenue.
Insights
Three Months Ended | |||||||
March 30, | April 1, | ||||||
2024 | 2023 | ||||||
Net sales | $ | 2,191 | $ | 2,499 | |||
Operating loss | $ | (20) | $ | (63) | |||
Net earnings (loss) attributable to Seaboard | $ | 22 | $ | (16) | |||
Earnings (loss) per common share | $ | 22.66 | $ | (13.78) | |||
Average number of shares outstanding | 971,055 | 1,160,779 | |||||
Dividends declared per common share | $ | 2.25 | $ | 2.25 |
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
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SOURCE Seaboard Corporation