SEABOARD CORPORATION REPORT OF EARNINGS AND DIVIDEND DECLARATION

Rhea-AI Summary

Seaboard (NYSE American: SEB) has released its earnings report for Q4 and full-year 2024. The company reported Q4 net sales of $2.48 billion, up from $2.28 billion in Q4 2023, and operating income of $114 million compared to a loss of $87 million in the same period last year. Q4 net earnings were $154 million ($158.58 per share), up from $64 million ($64.67 per share) in Q4 2023.

For the full year 2024, net sales decreased to $9.1 billion from $9.56 billion in 2023, while operating income improved to $156 million from a loss of $87 million. Annual net earnings declined to $88 million ($90.62 per share) from $226 million ($202.21 per share) in 2023. The Board declared a quarterly cash dividend of $2.25 per share, payable March 6, 2025, to stockholders of record as of February 24, 2025.

Positive

• Q4 2024 net sales increased 8.8% year-over-year to $2.48 billion
• Q4 2024 operating income improved to $114 million from -$87 million loss year-over-year
• Q4 2024 net earnings increased 140.6% to $154 million year-over-year
• Full-year 2024 operating income improved to $156 million from -$87 million loss in 2023

Negative

• Full-year 2024 net sales decreased 4.8% to $9.1 billion
• Full-year 2024 net earnings declined 61.1% to $88 million
• Average number of shares outstanding decreased from 1,117,636 to 971,055 in 2024

MERRIAM, Kan., Feb. 13, 2025 /PRNewswire/ -- The following is a report of earnings for Seaboard Corporation (NYSE American: SEB), with offices at 9000 West 67^th Street, Merriam, Kansas, for the quarters and years ended December 31, 2024 and December 31, 2023, in millions of dollars except share and per share amounts.

		Three Months Ended						Years Ended
		December 31,			December 31,			December 31,			December 31,
		2024			2023			2024			2023
Net sales		$	2,482		$	2,282		$	9,100		$	9,562
Operating income (loss)		$	114		$	(87)		$	156		$	(87)
Net earnings attributable to Seaboard		$	154		$	64		$	88		$	226
Earnings per common share		$	158.58		$	64.67		$	90.62		$	202.21
Average number of shares outstanding			971,055			989,615			971,055			1,117,636
Dividends declared per common share		$	2.25		$	2.25		$	9.00		$	9.00

Seaboard Corporation today filed its Annual Report on Form 10-K with the United States Securities and Exchange Commission. Seaboard Corporation has provided access to the Annual Report on Form 10-K 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 March 6, 2025 to stockholders of record at the close of business on February 24, 2025.

View original content:https://www.prnewswire.com/news-releases/seaboard-corporation-report-of-earnings-and-dividend-declaration-302376542.html

SOURCE Seaboard Corporation

FAQ

What were Seaboard 's (SEB) Q4 2024 earnings per share?

Seaboard reported earnings of $158.58 per share for Q4 2024, compared to $64.67 per share in Q4 2023.

How much is Seaboard's (SEB) quarterly dividend payment for Q1 2025?

Seaboard declared a quarterly cash dividend of $2.25 per share, payable on March 6, 2025.

What was Seaboard's (SEB) full-year 2024 revenue compared to 2023?

Seaboard's full-year 2024 net sales were $9.1 billion, down from $9.562 billion in 2023.

How did Seaboard's (SEB) operating income change in 2024 vs 2023?

Seaboard's operating income improved to $156 million in 2024 from an operating loss of $87 million in 2023.

What was the record date for Seaboard's (SEB) Q1 2025 dividend?

The record date for Seaboard's Q1 2025 dividend was February 24, 2025.