SEABOARD CORPORATION REPORT OF EARNINGS AND DIVIDEND DECLARATION

MERRIAM, Kan., Feb. 13, 2025 /PRNewswire/ -- The following is a report of earnings for Seaboard Corporation (NYSE American: SEB), with offices at 9000 West 67(th) Street, Merriam, Kansas, for the quarters and years ended December 31, 2024 and December 31, 2023, in millions of dollars except share and per share amounts.

                                               
            Three Months Ended                 
          Years Ended


                                               December 31,                 December 31,     December 31,     December 31,


                                                      2024                        2023            2024            2023



     Net sales                              $
            2,482               $
            2,282   $
            9,100   $
            9,562



     Operating income (loss)                  $
            114                $
            (87)    $
            156    $
            (87)



     Net earnings attributable to Seaboard    $
            154                  $
            64      $
            88     $
            226





     Earnings per common share             $
            158.58               $
            64.67   $
            90.62  $
            202.21



     Average number of shares outstanding           971,055                       989,615           971,055         1,117,636



     Dividends declared per common share     $
            2.25                $
            2.25    $
            9.00    $
            9.00

Seaboard Corporation today filed its Annual Report on Form 10-K with the United States Securities and Exchange Commission. Seaboard Corporation has provided access to the Annual Report on Form 10-K on its website at https://www.seaboardcorp.com/investors.

Also, 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 6, 2025 to stockholders of record at the close of business on February 24, 2025.

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SOURCE Seaboard Corporation