SEABOARD CORPORATIONREPORT OF EARNINGS AND DIVIDEND DECLARATION

MERRIAM, Kan., Feb. 13, 2024 /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, 2023 and December 31, 2022, in millions of dollars except share and per share amounts.

		Three Months Ended						Years Ended
		December 31,			December 31,			December 31,			December 31,
		2023			2022			2023			2022
Net sales		$	2,282		$	2,666		$	9,562		$	11,243
Operating income (loss)		$	(87)		$	164		$	(87)		$	657
Net earnings attributable to Seaboard		$	64		$	223		$	226		$	580
Earnings per common share		$	64.67		$	192.11		$	202.21		$	499.66
Average number of shares outstanding			989,615			1,160,779			1,117,636			1,160,779
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 4, 2024 to stockholders of record at the close of business on February 23, 2024.

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SOURCE Seaboard Corporation