SEABOARD CORPORATION REPORT OF EARNINGS AND DIVIDEND DECLARATION

Rhea-AI Summary

Seaboard Corporation (NYSE American: SEB) reported results for the three and nine months ended September 27, 2025 versus September 28, 2024.

Key metrics: Three-month net sales $2,540m versus $2,218m; operating income $84m versus $32m; net earnings attributable to Seaboard $109m versus $(149)m; diluted earnings per share $113.71 versus $(153.44). Nine-month net sales $7,336m versus $6,618m and net earnings $243m versus $(66)m. The company noted a $176m valuation allowance on U.S. deferred tax assets impacted 2024 results.

Dividend: Board declared a quarterly cash dividend of $2.25 per common share payable November 17, 2025 to holders of record November 7, 2025. The company filed its Form 10-Q with the SEC and provided access on its investor website.

Positive

• Three-month net sales +$322m (+14.6%) to $2,540m
• Three-month operating income +$52m to $84m
• Three-month net earnings swung to $109m from $(149)m
• Nine-month net earnings $243m versus $(66)m prior year
• Board declared quarterly dividend of $2.25 payable Nov 17, 2025

Negative

• Recorded $176m valuation allowance on U.S. deferred tax assets affecting 2024 results

MERRIAM, Kan., October 28, 2025 /PRNewswire/ -- The following is a report of earnings for Seaboard Corporation (NYSE American symbol: SEB), with offices at 9000 West 67^th Street, Merriam, Kansas, for the three and nine months ended September 27, 2025 and September 28, 2024, in millions of dollars except share and per share amounts.

(UNAUDITED)		Three Months Ended						Nine Months Ended
		September 27,			September 28,			September 27,			September 28,
		2025			2024			2025			2024
Net sales		$	2,540		$	2,218		$	7,336		$	6,618
Operating income		$	84		$	32		$	174		$	42
Net earnings (loss) attributable to Seaboard		$	109		$	(149)		$	243		$	(66)
Earnings (loss) per common share		$	113.71		$	(153.44)		$	251.47		$	(67.97)
Average number of shares outstanding			958,618			971,055			966,315			971,055
Dividends declared per common share		$	2.25		$	2.25		$	6.75		$	6.75

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 details on financial results are included in Seaboard Corporation's 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 17, 2025 to stockholders of record at the close of business on November 7, 2025.

View original content:https://www.prnewswire.com/news-releases/seaboard-corporation-report-of-earnings-and-dividend-declaration-302597515.html

SOURCE Seaboard Corporation

FAQ

What were Seaboard (SEB) net sales for Q3 2025 and how did they compare to Q3 2024?

Seaboard reported Q3 2025 net sales of $2,540m, up from $2,218m in Q3 2024 (≈+14.6%).

How much did Seaboard (SEB) earn per share in Q3 2025 and how does that compare to last year?

Q3 2025 earnings per share were $113.71 versus a loss per share of $(153.44) in Q3 2024.

When is Seaboard's (SEB) next dividend payable and what is the record date?

The quarterly cash dividend of $2.25 per share is payable Nov 17, 2025 to shareholders of record on Nov 7, 2025.

Did Seaboard (SEB) file an SEC report with these results?

Yes. Seaboard filed its Quarterly Report on Form 10-Q and made it available on the company's investor website.

What one-time item impacted Seaboard's 2024 results and what was its amount?

A valuation allowance on U.S. deferred tax assets of $176m materially impacted 2024 results.