MERRIAM, Kan., Oct. 30, 2019 /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 and nine months
ended September 28, 2019 and
September 29, 2018, in millions of dollars except share
and per share amounts.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months
Ended
|
|
Nine Months
Ended
|
|
|
|
September 28,
|
|
September 29,
|
|
September 28,
|
|
September 29,
|
|
|
|
2019
|
|
2018
|
|
2019
|
|
2018
|
|
Net sales
|
|
$
|
1,663
|
|
$
|
1,651
|
|
$
|
5,028
|
|
$
|
4,921
|
|
Net earnings (loss)
attributable to Seaboard
|
|
$
|
(7)
|
|
$
|
35
|
|
$
|
108
|
|
$
|
74
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per
common share
|
|
$
|
(6.00)
|
|
$
|
29.93
|
|
$
|
92.97
|
|
$
|
62.96
|
|
Average number of
shares outstanding
|
|
|
1,165,081
|
|
|
1,170,550
|
|
|
1,166,073
|
|
|
1,170,550
|
|
Dividends declared per common share
|
|
$
|
2.25
|
|
$
|
1.50
|
|
$
|
6.75
|
|
$
|
4.50
|
|
Notes to Report of Earnings:
For the three and nine months ended
September 28, 2019, net earnings attributable to Seaboard
included other investment income of $2
million and $152 million,
respectively. For the three and nine months ended
September 29, 2018, net earnings attributable to Seaboard
included other investment income of $40
million and $15 million,
respectively. Included in other investment income for the three and
nine months ended September 28, 2019 was $2 million and $124
million, respectively, of non-cash, unrealized
mark-to-market gains on short-term investments.
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 21, 2019 to stockholders of
record at the close of business on November
11, 2019.
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.
View original
content:http://www.prnewswire.com/news-releases/seaboard-corporation-reports-earnings-and-dividend-declaration-300948640.html
SOURCE Seaboard Corporation