SEABOARD CORPORATION: REPORT OF EARNINGS AND DIVIDEND DECLARATION
MERRIAM, Kan., Aug. 1, 2023 /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 six-months ended July 1, 2023 and July 2, 2022, in millions of dollars except share and per share amounts.
Three Months Ended | Six Months Ended | ||||||||||||
July 1, | July 2, | July 1, | July 2, | ||||||||||
2023 | 2022 | 2023 | 2022 | ||||||||||
Net sales | $ | 2,393 | $ | 2,973 | $ | 4,892 | $ | 5,682 | |||||
Operating income (loss) | $ | (4) | $ | 192 | $ | (67) | $ | 338 | |||||
Net earnings attributable to Seaboard | $ | 52 | $ | 108 | $ | 36 | $ | 211 | |||||
Earnings per common share | $ | 44.80 | $ | 92.53 | $ | 31.01 | $ | 181.81 | |||||
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 | $ | 4.50 | $ | 4.50 | |||||
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 August 21, 2023 to stockholders of record at the close of business on August 11, 2023.
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SOURCE Seaboard Corporation