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Seaboard Corp (SEB) is a globally diversified agribusiness and transportation leader with operations spanning pork production, commodity trading, and marine shipping. This news hub provides investors and industry professionals with centralized access to official corporate announcements and market-moving developments.
Find timely updates across SEB's core operations including agricultural processing milestones, shipping logistics expansions, and international market entries. The curated collection features earnings disclosures, strategic partnership announcements, and operational updates from SEB's vertically integrated supply chain.
Content spans financial filings, regulatory updates, and operational reports across SEB's key divisions: protein production, commodity merchandising, marine transportation, and power generation. Users can track developments in domestic pork processing, Caribbean shipping routes, and global commodity markets through verified primary sources.
Bookmark this page for streamlined monitoring of SEB's multifaceted operations. Combine regular visits with portfolio tracking tools to maintain informed perspectives on this unique agribusiness-transportation hybrid.
Seaboard Corporation (NYSE American: SEB) reported significant financial results for the year ending December 31, 2021. Net sales surged to $9,229 million, up from $7,126 million in 2020. Operating income fell to $458 million compared to $245 million the previous year. Net earnings attributable to Seaboard were $570 million, down from $283 million, resulting in earnings per share of $490.36. The Board declared a quarterly cash dividend of $2.25 per share, payable on March 7, 2022. The company filed its Annual Report on Form 10-K with the SEC.
Seaboard Corporation (NYSE American: SEB) reported its financial results for the three and nine months ended October 2, 2021. Net sales reached $2,276 million, a significant increase from $1,645 million in the same period of 2020. Operating income rose to $112 million compared to $39 million in 2020. However, net earnings attributable to Seaboard decreased to $94 million from $154 million year-over-year. Earnings per share were $81.50, down from $132.58. The Board declared a quarterly cash dividend of $2.25 per share, payable on November 22, 2021.
Seaboard Corporation reported a strong performance for the second quarter of 2021, with net sales surging to $2,430 million, up from $1,808 million in 2020. Operating income also saw a substantial increase to $165 million compared to last year's $9 million. The company achieved net earnings attributable to Seaboard of $176 million, a significant recovery from a net loss of $(27) million in the previous year. Earnings per share stood at $151.56, up from $(23.51). Additionally, a quarterly dividend of $2.25 per share was announced, payable on August 23, 2021.
Seaboard Corporation (NYSE: SEB) reported strong earnings for Q1 2021, with net sales reaching $2,059 million, up from $1,683 million in Q1 2020. The net earnings attributable to the company were $179 million, compared to a loss of $103 million the previous year. Earnings per share for Q1 2021 stood at $154.03, a significant recovery from ($88.73). The Board declared a quarterly cash dividend of $2.25, payable on May 24, 2021. The report highlights improved performance, particularly in investment income, with $71 million noted compared to a loss of ($225 million) in the prior year.
Seaboard Corporation reported its earnings for the year ended December 31, 2020. The company achieved net sales of $1,990 million for Q4 2020, up from $1,812 million in Q4 2019. Annual net sales were $7,126 million compared to $6,840 million in 2019. Net earnings attributable to Seaboard rose to $259 million in Q4 2020, compared to $173 million for the same period last year. EPS increased to $222.52 from $148.75. The Board of Directors declared a quarterly dividend of $2.25 per share, payable on March 8, 2021.
Seaboard Corporation (NYSE: SEB) has appointed Peter Brown as President and CEO of its Pork Division, Seaboard Foods LLC, effective January 1, 2021. Brown, with over 30 years of experience in the protein industry, will succeed Darwin Sand, who is retiring. His role focuses on aligning strategy with operations, enhancing company culture, and driving results. Prior to this, Brown was COO at Butterball and held senior positions at High Liner Foods. Seaboard Foods is a major player in pork production, operating in five states and employing over 5,000 people.
Seaboard Corporation (NYSE: SEB) reported earnings for the third quarter and nine months ended September 26, 2020. Net sales reached $1,645 million, slightly down from $1,663 million in 2019. Net earnings attributable to Seaboard stood at $147 million compared to a loss of $7 million in the previous year. Earnings per share for Q3 were $126.17, a significant recovery from $(6.00) per share in 2019. The company declared a quarterly cash dividend of $2.25 per share, payable on November 16, 2020. The report also noted investment income volatility impacting earnings.
Seaboard Corporation (NYSE American: SEB) reported a net loss of $26 million for the three months ended June 27, 2020, compared to net earnings of $58 million in the same period of 2019. Net sales were $1.808 billion, slightly down from $1.822 billion year-over-year. For the six-month period, a net loss of $129 million was recorded compared to earnings of $115 million. Earnings per share stood at $(22.35) for Q2 2020, down from $50.13. The Board declared a quarterly dividend of $2.25 per share, payable on August 17, 2020.
Seaboard Corporation (NYSE AMERICAN: SEB) appointed Ellen S. Bresky as Chairperson of the Board following the passing of her husband, Steven J. Bresky. The board also elected Robert L. Steer as President and CEO, while Douglas W. Baena was appointed Lead Director. These changes aim to ensure continuity in the company's leadership. Jack A. Bresky, son of the late CEO, was named Vice President-Business Development. Seaboard remains focused on its diversified operations in agribusiness and transportation.
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