Seaboard Corporation Report Of Earnings And Dividend Declaration

Rhea-AI Summary

Seaboard Corporation (NYSE American: SEB) reported its financial results for the three and nine months ended October 2, 2021. Net sales reached $2,276 million, a significant increase from $1,645 million in the same period of 2020. Operating income rose to $112 million compared to $39 million in 2020. However, net earnings attributable to Seaboard decreased to $94 million from $154 million year-over-year. Earnings per share were $81.50, down from $132.58. The Board declared a quarterly cash dividend of $2.25 per share, payable on November 22, 2021.

Positive

• Net sales increased to $2,276 million from $1,645 million year-over-year.
• Operating income improved to $112 million compared to $39 million in the prior year.
• Declared quarterly cash dividend of $2.25 per share.

Negative

• Net earnings attributable to Seaboard decreased to $94 million from $154 million.
• Earnings per share dropped to $81.50 from $132.58.

MERRIAM, Kan., Nov. 2, 2021 /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 nine months ended October 2, 2021 and September 26, 2020, in millions of dollars except share and per share amounts.

		Three Months Ended						Nine Months Ended
		October 2,			September 26,			October 2,			September 26,
		2021			2020			2021			2020
Net sales		$	2,276		$	1,645		$	6,765		$	5,136
Operating income		$	112		$	39		$	369		$	111
Net earnings attributable to Seaboard		$	94		$	154		$	449		$	24
Earnings per common share		$	81.50		$	132.58		$	387.09		$	20.08
Average number of shares outstanding			1,160,779			1,160,779			1,160,779			1,161,792
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 22, 2021 to stockholders of record at the close of business on November 12, 2021.

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SOURCE Seaboard Corporation

FAQ

What are Seaboard Corporation's earnings for Q3 2021?

Seaboard Corporation reported net sales of $2,276 million for Q3 2021.

How much is the dividend declared by Seaboard Corporation?

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

What was the net income for Seaboard Corporation in Q3 2021?

The net earnings attributable to Seaboard Corporation in Q3 2021 were $94 million.

What is the earnings per share for Seaboard Corporation in Q3 2021?

Earnings per share for Seaboard Corporation in Q3 2021 were $81.50.

When will Seaboard Corporation's dividend be paid?

The dividend will be payable on November 22, 2021.