earnings
confidence high
sentiment negative
materiality 0.80
Seaboard Q3 net loss $149M; EPS -$153.44 from $176M tax valuation allowance; revenue $2,218M (-7% YoY)
SEABOARD CORP /DE/
2024-Q3 EPS reported
-$67.97
revenue$6,618,000,000
- Q3 net sales $2,218M, down from $2,388M YoY; operating income $32M vs $67M.
- Net loss attributable to Seaboard $149M ($153.44 loss per share) vs net income $126M ($108.55) in Q3 2023.
- Nine-month net loss $66M ($67.97 loss per share) vs net income $162M ($139.56); operating income $42M vs nil.
- Results impacted by $176M valuation allowance on U.S. deferred tax assets (charge to income tax expense).
- Q4 dividend $2.25/share declared, payable Nov 18, 2024 to holders of record Nov 8 (unchanged).