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Seaboard Corporation - SEB STOCK NEWS

Welcome to our dedicated page for Seaboard Corporation news (Ticker: SEB), a resource for investors and traders seeking the latest updates and insights on Seaboard Corporation stock.

Seaboard Corporation (NYSE American symbol: SEB) is a diversified global agribusiness and transportation company with a rich history spanning over 90 years. Rooted in grain and agriculturally derived products, Seaboard has grown through acquisitions, partnerships, and internal expansion. Today, Seaboard stands out in the industries it serves, employing more than 25,000 people globally, and ranking #417 on the 2015 Fortune 500 list with annual net sales of approximately $6.5 billion.

In the United States, Seaboard is primarily engaged in pork production and processing as well as ocean transportation. Internationally, the company is active in commodity merchandising, grain processing, sugar production, and electric power generation. Additionally, Seaboard has a significant investment in Butterball, LLC, a leading U.S. producer of turkey products.

Seaboard's business operations are categorized into six segments:

  • Pork: Focused on hog production and pork processing within the U.S.
  • Commodity Trading and Milling: Engaged in the trading of commodities and processing of grains primarily in Africa and South America.
  • Marine: Offering cargo shipping services across the U.S., Caribbean, and Central and South America.
  • Sugar and Alcohol: Operating sugar production and alcohol processing in Argentina.
  • Power: Generating electric power in the Dominican Republic.
  • Turkey and Others: Involvement in turkey operations through its investment in Butterball, LLC.

Seaboard's recent achievements include significant transactions and financial updates, such as:

  • August 1, 2023: Reported earnings for the three- and six-month periods ended July 1, 2023, and declared a quarterly cash dividend.
  • October 9, 2023: Announced the repurchase of 189,724 shares of its common stock in a significant financial transaction aimed at enhancing shareholder value.
  • February 13, 2024: Filed its Annual Report on Form 10-K and declared a quarterly cash dividend.

For more detailed and updated information, visit Seaboard's investor relations page at Seaboard Corporation Investor Relations.

Rhea-AI Summary

Seaboard (NYSE American: SEB) reported earnings for Q1 2024, with net sales at $2.191 million, an operating loss of $20 million, and net earnings of $22 million. Earnings per share were $22.66, with a decrease in shares outstanding. The company declared a quarterly dividend of $2.25 per share.

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Seaboard appoints Chad Groves as the next President and CEO of Seaboard Foods , succeeding Peter Brown who will retire in June 2024. Groves brings extensive experience in the protein industry, leading various sales and marketing teams.
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Seaboard Corporation (SEB) reports earnings for the quarters and years ended December 31, 2023 and December 31, 2022. Net sales decreased to $2.282 billion from $2.666 billion, with an operating loss of $87 million compared to operating income of $164 million. Net earnings attributable to Seaboard were $64 million, down from $223 million. Earnings per common share also declined. The company declared a quarterly cash dividend of $2.25 per share.
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Seaboard Corporation (NYSE: SEB) reported net sales of $2.4 billion for the three months ended September 30, 2023, a decrease from $2.9 billion in the same period last year. The company's operating income for the quarter was $67 million, down from $155 million in the previous year. Net earnings attributable to Seaboard were $126 million, compared to $146 million in the same quarter last year. Earnings per common share were $108.55, a decrease from $125.78 in the previous year. Seaboard Corporation also declared a quarterly cash dividend of $2.25 per share of its common stock.
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Seaboard Corporation announces repurchase of 189,724 shares of its common stock at a discount
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Seaboard Corporation reported net sales of $2.39 billion for Q2 2023, a decrease from $2.97 billion in Q2 2022. The company's net earnings attributable to Seaboard were $52 million, compared to $108 million in the same period last year. Earnings per common share were $44.80, down from $92.53 in Q2 2022. Seaboard Corporation declared a quarterly cash dividend of $2.25 per share of its common stock.
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FAQ

What is Seaboard Corporation?

Seaboard Corporation is a diversified global agribusiness and transportation company engaged in pork production, commodity trading, grain processing, sugar production, and electric power generation.

What are Seaboard Corporation's main business segments?

Seaboard operates in six segments: Pork, Commodity Trading and Milling, Marine, Sugar and Alcohol, Power, and Turkey and Others.

Where is Seaboard Corporation headquartered?

Seaboard Corporation is headquartered at 9000 West 67th Street, Merriam, Kansas, USA.

What is the stock symbol for Seaboard Corporation?

Seaboard Corporation is traded on the NYSE American under the symbol SEB.

How many employees does Seaboard Corporation have?

Seaboard Corporation employs over 25,000 people worldwide.

What recent financial transactions has Seaboard Corporation undertaken?

Recent transactions include a significant share repurchase announced in October 2023 and regular quarterly cash dividends.

How can I access Seaboard Corporation's financial reports?

Financial reports can be accessed on Seaboard Corporation's investor relations page at https://www.seaboardcorp.com/investors.

What type of products does Seaboard Corporation produce in the U.S.?

In the U.S., Seaboard Corporation is primarily involved in pork production and processing and has an equity investment in Butterball, LLC for turkey production.

Where does Seaboard Corporation operate internationally?

Seaboard operates in 45 countries, focusing on regions in Central and South America, Africa, and the Caribbean.

What are Seaboard Corporation's recent earnings announcements?

Recent earnings reports were filed in August 2023, October 2023, February 2024, and April 2024, with detailed quarterly and annual financial results.

Seaboard Corporation

NYSE:SEB

SEB Rankings

SEB Stock Data

3.00B
970.00k
73.55%
22.85%
0.39%
Dog and Cat Food Manufacturing
Manufacturing
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United States of America
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