Seaboard Q4 net sales down 14% to $2.28B; operating income swings to $87M loss; EPS $64.67 vs $192.11

SEABOARD CORP /DE/

2024-FY EPS reported $202.21 revenue$9,562,000,000

Net sales for Q4 2023 were $2,282M, down from $2,666M in Q4 2022; full year $9,562M versus $11,243M.
Operating loss of $87M in Q4 2023 vs income of $164M in prior year; full year operating loss $87M.
Net earnings attributable to Seaboard fell to $64M ($64.67/share) from $223M ($192.11/share) in Q4 2022.
Full year 2023 net earnings $226M ($202.21/share) vs $580M ($499.66/share) in 2022.
Quarterly dividend maintained at $2.25 per share, payable March 4, 2024 to holders of record Feb 23, 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

SEABOARD CORP /DE/ reported financial results for quarter and year ended December 31, 2023.

Period: quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 13, 2024, Seaboard Corporation (the “Registrant”) issued a press release announcing earnings for the quarter and year ended December 31, 2023, and the Board of Directors’ declaration of a quarterly cash dividend of $2.25 per share of common stock, payable on March 4, 2024, to stockholders of record at the close of business on February 23, 2024.

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Source: SEC EDGAR

accession 0000088121-24-000023

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