SEABOARD CORPORATION REPORT OF EARNINGS AND DIVIDEND DECLARATION

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Seaboard Corporation (NYSE: SEB) reported net sales of $2.4 billion for the three months ended September 30, 2023, a decrease from $2.9 billion in the same period last year. The company's operating income for the quarter was $67 million, down from $155 million in the previous year. Net earnings attributable to Seaboard were $126 million, compared to $146 million in the same quarter last year. Earnings per common share were $108.55, a decrease from $125.78 in the previous year. Seaboard Corporation also declared a quarterly cash dividend of $2.25 per share of its common stock.

MERRIAM, Kan., Oct. 30, 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 three- and nine-months ended September 30, 2023 and October 1, 2022, in millions of dollars except share and per share amounts.

		Three Months Ended						Nine Months Ended
		September 30,			October 1,			September 30,			October 1,
		2023			2022			2023			2022
Net sales		$	2,388		$	2,895		$	7,280		$	8,577
Operating income (loss)		$	67		$	155		$	—		$	493
Net earnings attributable to Seaboard		$	126		$	146		$	162		$	357
Earnings per common share		$	108.55		$	125.78		$	139.56		$	307.55
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		$	6.75		$	6.75

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 November 20, 2023 to stockholders of record at the close of business on November 9, 2023.

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SOURCE Seaboard Corporation

FAQ

What is the stock symbol of Seaboard Corporation?

The stock symbol of Seaboard Corporation is SEB.

What were the net sales for Seaboard Corporation in the three months ended September 30, 2023?

The net sales for Seaboard Corporation in the three months ended September 30, 2023, were $2.4 billion.

What was the operating income for Seaboard Corporation in the three months ended September 30, 2023?

The operating income for Seaboard Corporation in the three months ended September 30, 2023, was $67 million.

What were the net earnings attributable to Seaboard in the three months ended September 30, 2023?

The net earnings attributable to Seaboard in the three months ended September 30, 2023, were $126 million.

What is the quarterly cash dividend declared by Seaboard Corporation?

Seaboard Corporation declared a quarterly cash dividend of $2.25 per share of its common stock.