MERRIAM,
Kan., Oct. 29, 2024 /PRNewswire/ -- The
following is a report of earnings for Seaboard Corporation (NYSE
American symbol: SEB), with offices at 9000 West
67th Street, Merriam,
Kansas, for the three and nine months ended
September 28, 2024 and September 30, 2023, in
millions of dollars except share and per share amounts.
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(UNAUDITED)
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Three Months
Ended
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Nine Months
Ended
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September 28,
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September 30,
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September 28,
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September 30,
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2024
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2023
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2024
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2023
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Net sales
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$
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2,218
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$
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2,388
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$
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6,618
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$
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7,280
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Operating
income
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$
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32
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$
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67
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$
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42
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$
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—
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Net earnings (loss)
attributable to Seaboard
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$
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(149)
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$
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126
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$
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(66)
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$
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162
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Earnings (loss) per
common share
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$
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(153.44)
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$
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108.55
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$
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(67.97)
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$
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139.56
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Average number of
shares outstanding
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971,055
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1,160,779
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971,055
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1,160,779
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Dividends declared per
common share
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$
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2.25
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$
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2.25
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$
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6.75
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$
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6.75
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Seaboard Corporation's results for the three and nine months
ended September 28, 2024 were
impacted by a valuation allowance recorded on its U.S deferred tax
assets of $176 million, with a
corresponding charge to income tax expense. Further detail on the
valuation allowance and third quarter results are included in its
Quarterly Report on Form 10-Q filed today with the United States
Securities and Exchange Commission. Seaboard Corporation has
provided access to the 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 18, 2024 to
stockholders of record at the close of business on November 8, 2024.
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content:https://www.prnewswire.com/news-releases/seaboard-corporation-report-of-earnings-and-dividend-declaration-302290665.html
SOURCE Seaboard Corporation