MERRIAM, Kan., May 2, 2018 /PRNewswire/ -- 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 March 31, 2018
and April 1, 2017, in millions of dollars except share
and per share amounts.
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Three Months
Ended
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March 31,
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April 1,
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2018
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2017
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Net sales
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$
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1,579
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$
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1,399
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Net earnings
attributable to Seaboard
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$
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32
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$
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85
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Earnings per common
share
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$
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26.75
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$
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71.84
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Average number of
shares outstanding
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1,170,550
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1,170,550
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Dividends declared
per common share
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$
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1.50
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$
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1.50
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Notes to Report of Earnings and Dividend Declaration:
Seaboard Corporation announced today that its Board of Directors
has authorized and declared a quarterly cash dividend of $1.50
per share of its common stock. The dividend is payable on
May 24, 2018 to stockholders of
record at the close of business on May 14,
2018.
In February 2018, Congress
retroactively extended the Federal blender's credits for 2017 which
resulted in Seaboard's Pork segment recognizing approximately
$42 million, or $36.04 per common share, of revenue in the first
quarter of 2018 for the biodiesel it blends. There was no tax
expense on this transaction.
Seaboard Corporation today filed its Quarterly Report on Form
10-Q with the United States Securities and Exchange Commission.
Seaboard 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-300641519.html
SOURCE Seaboard Corporation