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.
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.
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.
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