SEABOARD CORPORATION REPORT OF EARNINGS AND DIVIDEND DECLARATION
Seaboard (NYSE American: SEB) has released its earnings report for Q4 and full-year 2024. The company reported Q4 net sales of $2.48 billion, up from $2.28 billion in Q4 2023, and operating income of $114 million compared to a loss of $87 million in the same period last year. Q4 net earnings were $154 million ($158.58 per share), up from $64 million ($64.67 per share) in Q4 2023.
For the full year 2024, net sales decreased to $9.1 billion from $9.56 billion in 2023, while operating income improved to $156 million from a loss of $87 million. Annual net earnings declined to $88 million ($90.62 per share) from $226 million ($202.21 per share) in 2023. The Board declared a quarterly cash dividend of $2.25 per share, payable March 6, 2025, to stockholders of record as of February 24, 2025.
- Q4 2024 net sales increased 8.8% year-over-year to $2.48 billion
- Q4 2024 operating income improved to $114 million from -$87 million loss year-over-year
- Q4 2024 net earnings increased 140.6% to $154 million year-over-year
- Full-year 2024 operating income improved to $156 million from -$87 million loss in 2023
- Full-year 2024 net sales decreased 4.8% to $9.1 billion
- Full-year 2024 net earnings declined 61.1% to $88 million
- Average number of shares outstanding decreased from 1,117,636 to 971,055 in 2024
Insights
Seaboard 's Q4 2024 results demonstrate a remarkable operational turnaround, with a
The annual performance tells a more complex story. While revenues declined by
The company's share count reduction of approximately
The strong Q4 performance, particularly in operating metrics, suggests the company has potentially turned a corner operationally, though the full-year results indicate ongoing challenges in maintaining consistent profitability across all business segments. The filing of the 10-K will provide important details about segment performance and the drivers behind these mixed results.
Three Months Ended | Years Ended | ||||||||||||
December 31, | December 31, | December 31, | December 31, | ||||||||||
2024 | 2023 | 2024 | 2023 | ||||||||||
Net sales | $ | 2,482 | $ | 2,282 | $ | 9,100 | $ | 9,562 | |||||
Operating income (loss) | $ | 114 | $ | (87) | $ | 156 | $ | (87) | |||||
Net earnings attributable to Seaboard | $ | 154 | $ | 64 | $ | 88 | $ | 226 | |||||
Earnings per common share | $ | 158.58 | $ | 64.67 | $ | 90.62 | $ | 202.21 | |||||
Average number of shares outstanding | 971,055 | 989,615 | 971,055 | 1,117,636 | |||||||||
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
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SOURCE Seaboard Corporation