Seaboard Q1 earnings surge; $2.25 dividend declared

Seaboard Corporation reported sharply stronger quarterly results and maintained its cash dividend.

Rhea-AI Filing Summary

Seaboard Corporation reported sharply stronger quarterly results and maintained its cash dividend. For the three months ended April 4, 2026, net sales were $2,400 million compared with $2,316 million a year earlier. Operating income rose to $96 million from $38 million, and net earnings attributable to Seaboard increased to $119 million from $32 million.

Earnings per common share were $124.24, up from $32.95, based on an average of 957,794 shares outstanding versus 971,055 in the prior-year quarter. The Board of Directors declared a quarterly cash dividend of $2.25 per share, payable on May 25, 2026 to stockholders of record on May 15, 2026.

Positive

• Profitability improved sharply, with net earnings attributable to Seaboard rising to $119 million from $32 million and earnings per common share increasing to $124.24 from $32.95 for the comparable quarter.

Negative

• None.

Insights

Equity analyst

Seaboard posted much higher profit and EPS while keeping its regular dividend.

Seaboard Corporation delivered significantly better quarterly performance. Net earnings attributable to Seaboard rose to $119 million from $32 million, and operating income increased to $96 million from $38 million for the three months ended April 4, 2026.

Earnings per common share climbed to $124.24 from $32.95, while net sales grew to $2,400 million versus $2,316 million in the prior-year period. This points to stronger profitability alongside modestly higher revenue.

The Board also authorized a quarterly cash dividend of $2.25 per share, payable on May 25, 2026 to stockholders of record on May 15, 2026. Maintaining the same dividend level alongside higher earnings suggests continued support for returning cash to shareholders, based on the disclosed quarter’s results.

8-K Event Classification

2 items: 2.02, 9.01

2 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Net sales: $2,400 million Net sales prior-year quarter: $2,316 million Operating income: $96 million +4 more

7 metrics

Net sales $2,400 million Three months ended April 4, 2026

Net sales prior-year quarter $2,316 million Three months ended March 29, 2025

Operating income $96 million Three months ended April 4, 2026

Net earnings attributable to Seaboard $119 million Three months ended April 4, 2026

Earnings per common share $124.24 Three months ended April 4, 2026

Average shares outstanding 957,794 shares Three months ended April 4, 2026

Quarterly dividend per share $2.25 Payable May 25, 2026 to holders on May 15, 2026

Key Terms

Operating income, Earnings per common share, Quarterly Report on Form 10-Q, quarterly cash dividend, +1 more

5 terms

Operating income financial

"Operating income | $ | 96 | $ | 38"

Operating income is the profit a company earns from its regular business activities after subtracting the costs directly related to running the business, such as wages, rent, and supplies. It shows how well the core operations are performing, ignoring income or expenses from non-regular activities like investments or one-time events. Investors use it to assess the company's efficiency and profitability from its main work.

Earnings per common share financial

"Earnings per common share | $ | 124.24 | $ | 32.95"

Net profit available to common shareholders divided by the weighted average number of common shares outstanding during a reporting period. It shows how much of a company’s earnings is attributable to each common share—like slicing a profit pie and measuring the size of each slice—so investors can compare per-share profitability across companies or periods. Calculations typically deduct preferred dividends and use weighted averages to reflect share count changes.

Quarterly Report on Form 10-Q regulatory

"Seaboard Corporation today filed its Quarterly Report on Form 10-Q"

A quarterly report on Form 10-Q is a standardized financial filing public companies must submit to U.S. regulators every three months, summarizing recent financial results, cash flows, balance sheet changes, operations and material risks or legal developments. Investors treat it like a company report card that shows up-to-date facts rather than marketing copy, helping them track performance, spot trends, reassess risk and make buy or sell decisions.

quarterly cash dividend financial

"authorized and declared a quarterly cash dividend of $2.25 per share"

A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.

net earnings attributable to Seaboard financial

"Net earnings attributable to Seaboard | $ | 119 | $ | 32"

Earnings Snapshot

Net sales: $2,400 million

Three months ended April 4, 2026

Net sales $2,400 million vs $2,316 million prior-year quarter

Operating income $96 million vs $38 million prior-year quarter

Net earnings attributable to Seaboard $119 million vs $32 million prior-year quarter

Earnings per common share $124.24 vs $32.95 prior-year quarter

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How did Seaboard (SEB) perform financially in the latest quarter?

Seaboard reported stronger results for the quarter ended April 4, 2026. Net sales were $2,400 million versus $2,316 million a year earlier, operating income rose to $96 million from $38 million, and net earnings attributable to Seaboard increased to $119 million from $32 million.

What were Seaboard (SEB) earnings per share for the quarter?

Earnings per common share were $124.24 for the three months ended April 4, 2026. This compares with $32.95 per share for the three months ended March 29, 2025, reflecting substantially higher profitability in the most recent quarter based on the reported figures.

Did Seaboard (SEB) change its quarterly dividend in this report?

Seaboard’s Board of Directors declared a quarterly cash dividend of $2.25 per share of common stock. This matches the $2.25 per share dividend declared in the prior-year quarter, indicating the dividend rate was maintained at the same level in this announcement.

When will Seaboard (SEB) pay the declared dividend and who qualifies?

The quarterly cash dividend of $2.25 per share is payable on May 25, 2026. Stockholders of record at the close of business on May 15, 2026 will be entitled to receive this dividend, according to the company’s announcement.

How did Seaboard (SEB) revenue compare to last year’s quarter?

Net sales for the three months ended April 4, 2026 were $2,400 million. In the comparable period ended March 29, 2025, net sales were $2,316 million, showing higher revenue in the latest reported quarter based on the disclosed amounts.

What operating income did Seaboard (SEB) generate this quarter?

Operating income for Seaboard was $96 million for the three months ended April 4, 2026. This is higher than the $38 million of operating income reported for the three months ended March 29, 2025, indicating improved operating profitability in the recent period.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/05/2026 - 04:07 PM Learn about SEC filing dates

0000088121false00000881212026-05-052026-05-05

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

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Date of Report (Date of earliest event reported)	May 5, 2026

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Seaboard Corporation

(Exact name of registrant as specified in its charter)

​	​	​	​	​
Delaware	​	1-3390	​	04-2260388
(State or other jurisdiction of	​	(Commission	​	(I.R.S. Employer
incorporation)	​	File Number)	​	Identification No.)

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9000 West 67th Street, Merriam, Kansas	66202
(Address of principal executive offices)	(Zip Code)

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Registrant’s telephone number including area code	(913) 676-8928

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Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock $1.00 Par Value	SEB	NYSE American

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

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Item 2.02 Results of Operations and Financial Condition

On May 5, 2026, Seaboard Corporation (the “Registrant”) issued a press release announcing earnings for the three months ended April 4, 2026, and the Board of Directors’ declaration of a quarterly cash dividend of $2.25 per share of common stock, payable on May 25, 2026, to stockholders of record at the close of business on May 15, 2026. The full text of this press release is included as Exhibit 99.1 to this Current Report on Form 8-K.

In accordance with General Instruction B.2 of Form 8-K, the information furnished pursuant to Item 2.02, and the related press release included as Exhibit 99.1 to this Current Report, shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall such information be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

Item 9.01 Financial Statements and Exhibits

     Exhibits

99.1 Press release of Seaboard Corporation dated May 5, 2026 announcing earnings for the three months ended April 4, 2026 and a declaration of a dividend.

104 Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.

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2

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

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​	​		​		​
​	​	​	Date: May 5, 2026
​	​	​	​	​
​	​	​	Seaboard Corporation
​	​	​	​	(Registrant)
​	​	​	​	​
​	​	​	By:	/s/ David H. Rankin
​	​	​	​	David H. Rankin Executive Vice President, Chief Financial Officer ​
​	​	​	​	(principal financial officer)

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3

Exhibit 99.1

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PRESS RELEASE

REPORT OF EARNINGS AND DIVIDEND DECLARATION

​

May 5, 2026

Merriam, Kansas

​

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 months ended April 4, 2026 and March 29, 2025, in millions of dollars except share and per share amounts.

​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	​
​	​	Three Months Ended					​
​	​	April 4,		​	March 29,		​
​	​ ​ ​	2026		​ ​ ​	2025
Net sales	​	$	2,400	​	$	2,316	​
Operating income	​	$	96	​	$	38	​
Net earnings attributable to Seaboard	​	$	119	​	$	32	​
​	​	​	​	​	​	​	​
Earnings per common share	​	$	124.24	​	$	32.95	​
Average number of shares outstanding	​		957,794	​		971,055	​
Dividends declared per common share	​	$	2.25	​	$	2.25	​

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.

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 May 25, 2026 to stockholders of record at the close of business on May 15, 2026.

Filing Exhibits & Attachments

4 documents

Press Releases

• EX-99.1 PRESS RELEASE 34.4 KB

Other Documents

• EX-101 EX-101.SCH 2.8 KB
• EX-101 EX-101.LAB 15.0 KB
• EX-101 EX-101.PRE 10.1 KB