secwatch.observer — SEC 8-K summary
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Issuer:     SEABOARD CORP /DE/ (SEB)
CIK:        0000088121
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0000088121-24-000085
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Seaboard Q3 net loss $149M; EPS -$153.44 from $176M tax valuation allowance; revenue $2,218M (-7% YoY)
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/88121/000008812124000085/0000088121-24-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/88121/000008812124000085/seb-20241029x8k.htm
  HTML page:      https://secwatch.observer/filing/0000088121-24-000085

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer