SEABOARD CORPORATION REPORT OF EARNINGS AND DIVIDEND DECLARATION

Rhea-AI Summary

Seaboard Corporation (NYSE: SEB) reported its Q1 earnings for 2022, showcasing net sales of $2,709 million, a significant increase from $2,059 million in 2021. Operating income rose to $146 million versus $92 million the previous year. However, net earnings attributable to Seaboard fell to $103 million from $179 million year-over-year, resulting in earnings per share of $89.28, down from $154.03. The Board declared a quarterly dividend of $2.25 per share, payable May 23, 2022.

Positive

• Net sales increased 31.5% year-over-year.
• Operating income rose 58.7%, indicating improved profitability.
• The Board declared a consistent quarterly dividend of $2.25 per share.

Negative

• Net earnings attributable to Seaboard decreased by 42.5% compared to the previous year.
• Earnings per share dropped 42.0%, reflecting lower profitability.

MERRIAM, Kan., May 3, 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 months ended April 2, 2022 and April 3, 2021, in millions of dollars except share and per share amounts.

		Three Months Ended
		April 2,			April 3,
		2022			2021
Net sales		$	2,709		$	2,059
Operating income		$	146		$	92
Net earnings attributable to Seaboard		$	103		$	179
Earnings per common share		$	89.28		$	154.03
Average number of shares outstanding			1,160,779			1,160,779
Dividends declared per common share		$	2.25		$	2.25

 

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 May 23, 2022 to stockholders of record at the close of business on May 13, 2022.

View original content:https://www.prnewswire.com/news-releases/seaboard-corporation-report-of-earnings-and-dividend-declaration-301539039.html

SOURCE Seaboard Corporation

FAQ

What are Seaboard Corporation's latest earnings results for Q1 2022?

Seaboard Corporation reported net sales of $2,709 million, operating income of $146 million, and net earnings of $103 million for Q1 2022.

How much is Seaboard Corporation's dividend for May 2022?

Seaboard Corporation has declared a quarterly cash dividend of $2.25 per share, payable on May 23, 2022, to stockholders of record as of May 13, 2022.

What was Seaboard Corporation's earnings per share in Q1 2022?

Earnings per share for Seaboard Corporation in Q1 2022 were $89.28, down from $154.03 in the same period last year.

How did Seaboard Corporation's sales perform compared to last year?

Seaboard Corporation's net sales increased by 31.5% from $2,059 million in Q1 2021 to $2,709 million in Q1 2022.