MERRIAM, Kan., Feb. 20, 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
twelve months ended December 31, 2018 and
December 31, 2017, in millions of dollars except share
and per share amounts.
|
|
Three Months
Ended
|
|
Twelve Months
Ended
|
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
December
31,
|
|
|
2018
|
|
2017
|
|
2018
|
|
2017
|
Net sales
|
|
$
|
1,662
|
|
$
|
1,586
|
|
$
|
6,583
|
|
$
|
5,809
|
Net earnings (loss)
attributable to Seaboard
|
|
$
|
(91)
|
|
$
|
23
|
|
$
|
(17)
|
|
$
|
247
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (loss) per
common share
|
|
$
|
(77.58)
|
|
$
|
19.38
|
|
$
|
(14.61)
|
|
$
|
211.01
|
Average number of
shares outstanding
|
|
|
1,170,359
|
|
|
1,170,550
|
|
|
1,170,501
|
|
|
1,170,550
|
Dividends declared
per common share
|
|
$
|
1.50
|
|
$
|
1.50
|
|
$
|
6.00
|
|
$
|
6.00
|
Notes to Report of Earnings:
For the three months ended December 31,
2018 and 2017, net earnings (loss) attributable to Seaboard
included other investment loss of $167
million and other investment income of $58 million, respectively. Included in other
investment loss for the three months ended December 31, 2018 was $122
million of non-cash, unrealized mark-to-market losses on
short-term investments. For the twelve months ended December 31, 2018 and 2017, net earnings (loss)
attributable to Seaboard included other investment loss of
$152 million and other investment
income of $177 million,
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
March 14, 2019 to stockholders of
record at the close of business on March 4,
2019.
Seaboard Corporation today filed its Annual Report on Form 10-K
with the United States Securities and Exchange Commission. Seaboard
has provided access to the Annual Report on Form 10-K on its
website at https://www.seaboardcorp.com/investors.
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SOURCE Seaboard Corporation