MERRIAM, Kan., May 4, 2021 /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 months ended
April 3, 2021 and March 28, 2020, in millions
of dollars except share and per share amounts.
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Three Months
Ended
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April 3,
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March 28,
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2021
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2020
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Net sales
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$
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2,059
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$
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1,683
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Net earnings (loss)
attributable to Seaboard
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$
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179
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$
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(103)
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Earnings (loss) per
common share
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$
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154.03
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$
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(88.73)
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Average number of
shares outstanding
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1,160,779
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1,163,888
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Dividends declared
per common share
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$
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2.25
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$
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2.25
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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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SOURCE Seaboard Corporation