MERRIAM, Kan., Oct. 27, 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 nine months
ended September 26, 2020 and
September 28, 2019, in millions of dollars except share
and per share amounts.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
|
|
September 26,
|
|
September 28,
|
|
September 26,
|
|
September 28,
|
|
|
|
2020
|
|
2019
|
|
2020
|
|
2019
|
|
|
Net sales
|
|
$
|
1,645
|
|
$
|
1,663
|
|
$
|
5,136
|
|
$
|
5,028
|
|
|
Net earnings (loss)
attributable to Seaboard
|
|
$
|
147
|
|
$
|
(7)
|
|
$
|
18
|
|
$
|
108
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per
common share
|
|
$
|
126.17
|
|
$
|
(6.00)
|
|
$
|
15.14
|
|
$
|
92.97
|
|
|
Average number of
shares outstanding
|
|
|
1,160,779
|
|
|
1,165,081
|
|
|
1,161,792
|
|
|
1,166,073
|
|
|
Dividends declared
per common share
|
|
$
|
2.25
|
|
$
|
2.25
|
|
$
|
6.75
|
|
$
|
6.75
|
|
Notes to Report of Earnings:
Capital market volatility on short-term investments has an
impact on Seaboard's earnings. For the three and nine months ended
September 26, 2020, net earnings attributable to Seaboard
Corporation included other investment income (loss) of $56 million and $(41)
million, respectively. For the three and nine months ended
September 28, 2019, net earnings (loss) attributable to
Seaboard Corporation included other investment income of
$2 million and $152 million,
respectively. Non-cash unrealized marked-to-market gains (losses)
on short-term investments was $53 million and $(45) million for the three and nine months ended
September 26, 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
November 16, 2020 to stockholders of
record at the close of business on November
6, 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.
View original
content:http://www.prnewswire.com/news-releases/seaboard-corporation-report-of-earnings-and-dividend-declaration-301161132.html
SOURCE Seaboard Corporation