The following is a report of earnings for Seaboard Corporation (NYSE American symbol: SEB) with offices at 9000 West 67th Street, Merriam, Kansas, for the three months ended April 3, 2021 and March 28, 2020, in millions of dollars except share and per share amounts.
Three Months Ended
April 3,
March 28,
2021
2020
Net sales
$
2,059
$
1,683
Net earnings (loss) attributable to Seaboard
$
179
$
(103)
Earnings (loss) per common share
$
154.03
$
(88.73)
Average number of shares outstanding
1,160,779
1,163,888
Dividends declared per common share
$
2.25
$
2.25
Notes to Report of Earnings:
Capital market volatility on short-term investments has an impact on Seaboard's earnings. For the three months ended April 3, 2021 and March 28, 2020, net earnings (loss) attributable to Seaboard Corporation included other investment income (loss) of $71 million and ($225) million, respectively. The unrealized gains (losses) related to these short-term investments was $65 million and ($236) million for the three months ended April 3, 2021 and March 28, 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 May 24, 2021 to stockholders of record at the close of business on May 14, 2021.
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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Seaboard Corporation published this content on 04 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 May 2021 20:16:09 UTC.
Seaboard Corporation is primarily engaged in hog production and pork processing; commodity trading and grain processing; cargo shipping services; sugar and alcohol production, and electric power generation. Its segments include Pork, CT&M, Marine, Sugar and Alcohol, Power and Turkey. Pork segment primarily produces and sells pork products to further processors, foodservice operators, distributors and grocery stores. CT&M segment is engaged in agricultural commodity trading, processing and logistics business. Marine segment provides cargo shipping services in the United States and 27 countries in the Caribbean and Central and South America. Sugar and Alcohol segment operates an integrated sugar and alcohol production facility in Argentina. Power segment uses two power-generating barges for its operations: Estrella Del Mar II and Estrella Del Mar III. Turkey segment operates Butterball, which is an integrated producer and processor of conventional and antibiotic-free turkey products.