SEABOARD CORPORATION REPORT OF EARNINGS AND DIVIDEND DECLARATION

Rhea-AI Summary

Seaboard Corporation (NYSE American: SEB) reported significant financial results for the year ending December 31, 2021. Net sales surged to $9,229 million, up from $7,126 million in 2020. Operating income fell to $458 million compared to $245 million the previous year. Net earnings attributable to Seaboard were $570 million, down from $283 million, resulting in earnings per share of $490.36. The Board declared a quarterly cash dividend of $2.25 per share, payable on March 7, 2022. The company filed its Annual Report on Form 10-K with the SEC.

Positive

• Net sales increased by 29% in 2021, reaching $9,229 million.
• Net earnings attributable to Seaboard rose significantly to $570 million.
• Quarterly cash dividend of $2.25 per share declared.

Negative

• Operating income decreased to $458 million from $245 million.
• Net earnings were lower than the previous year despite increased sales.

MERRIAM, Kan., Feb. 15, 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 twelve months ended December 31, 2021 and December 31, 2020, in millions of dollars except share and per share amounts.

		Three Months Ended						Twelve Months Ended
		December 31,			December 31,			December 31,			December 31,
		2021			2020			2021			2020
Net sales		$	2,464		$	1,990		$	9,229		$	7,126
Operating income		$	89		$	134		$	458		$	245
Net earnings attributable to Seaboard		$	121		$	259		$	570		$	283
Earnings per common share		$	103.27		$	222.52		$	490.36		$	244.21
Average number of shares outstanding			1,160,779			1,160,779			1,160,779			1,161,526
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 7, 2022 to stockholders of record at the close of business on February 25, 2022.

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SOURCE Seaboard Corporation

FAQ

What were Seaboard Corporation's earnings results for FY 2021?

Seaboard Corporation reported net sales of $9,229 million and net earnings of $570 million for FY 2021.

What is the dividend declaration by Seaboard Corporation?

Seaboard Corporation declared a quarterly cash dividend of $2.25 per share, payable on March 7, 2022.

When was the Annual Report on Form 10-K filed by Seaboard Corporation?

Seaboard Corporation filed its Annual Report on Form 10-K on February 15, 2022.