Seaboard Corporation Report Of Earnings And Dividend Declaration
07/28/2020 - 05:18 PM
MERRIAM, Kan. , July 28, 2020 /PRNewswire/ -- The following is a report of earnings for Seaboard Corporation (NYSE American: SEB) with offices at 9000 West 67th Street, Merriam, Kansas , for the three and six months ended June 27, 2020 and June 29, 2019, in millions of dollars except share and per share amounts.
Three Months Ended
Six Months Ended
June 27,
June 29,
June 27,
June 29,
2020
2019
2020
2019
Net sales
$
1,808
$
1,822
$
3,491
$
3,365
Net earnings (loss) attributable to Seaboard
$
(26)
$
58
$
(129)
$
115
Earnings (loss) per common share
$
(22.35)
$
50.13
$
(110.88)
$
98.92
Average number of shares outstanding
1,160,779
1,165,740
1,162,307
1,166,575
Dividends declared per common share
$
2.25
$
2.25
$
4.50
$
4.50
Notes to Report of Earnings:
Capital market volatility on short-term investments has an impact on Seaboard's earnings. For the three and six months ended June 27, 2020, net loss attributable to Seaboard Corporation included other investment income (loss) of $128 million and $(97) million , respectively. For the three and six months ended June 29, 2019, net earnings attributable to Seaboard Corporation included other investment income of $37 million and $150 million , respectively. Non-cash unrealized marked-to-market gains (losses) on short-term investments was $113 million and $(97) million for the three and six months ended June 27, 2020, respectively.
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 17, 2020 to stockholders of record at the close of business on August 7, 2020 .
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 .
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SOURCE Seaboard Corporation
SEB Rankings
#2374 Ranked by Stock Gains
SEB Stock Data
Industry
Dog and Cat Food Manufacturing
Sector
Manufacturing
Tags
Consumer Non-Durables, Food: Meat/Fish/Dairy, Manufacturing, Dog and Cat Food Manufacturing
Country
US
City
Shawnee Mission
About SEB
seaboard corporation is a unique company with a rich history dating back more than 90 years. although the company has evolved over time through acquisitions, partnerships and internal growth, its roots are in grain and agriculturally derived products. common to all our endeavors, we strive to distinguish ourselves in the industries we select. seaboard corporation is a diverse global agribusiness and transportation company. in the united states, seaboard is primarily engaged in pork production and processing and ocean transportation. overseas, seaboard is primarily engaged in commodity merchandising, grain processing, sugar production and electric power generation. seaboard also has an interest in turkey operations in the united states. seaboard corporation directly or indirectly employs more than 25,000 people worldwide. we are #417 on the 2015 fortune 500 list with net sales of approximately $6.5 billion annually. seaboard is traded on the nyse alternext exchange under the symbo