Seaboard posts Q1 net loss of $16M vs profit of $103M a year ago; dividend holds at $2.25

SEABOARD CORP /DE/

Net sales fell 8% to $2,499M from $2,709M in Q1 2022.
Operating loss of $63M compared to operating income of $146M in the prior year.
Net loss attributable to Seaboard was $16M, with diluted EPS of ($13.78).
Quarterly cash dividend maintained at $2.25 per share, payable May 25 to May 15 record holders.
Shares outstanding unchanged at 1,160,779.

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