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Seaboard(SEB) - 2024 Q4 - Annual Results
SEBSeaboard(SEB)2025-02-13 21:07

Financial Performance - Seaboard Corporation reported net sales of 2,482millionforQ42024,anincreaseof8.82,482 million for Q4 2024, an increase of 8.8% compared to 2,282 million in Q4 2023[2] - The operating income for Q4 2024 was 114million,asignificantrecoveryfromanoperatinglossof114 million, a significant recovery from an operating loss of 87 million in Q4 2023[2] - Net earnings attributable to Seaboard increased to 154millioninQ42024,comparedto154 million in Q4 2024, compared to 64 million in Q4 2023, representing a 140.6% increase[2] - Earnings per common share rose to 158.58inQ42024,upfrom158.58 in Q4 2024, up from 64.67 in Q4 2023, reflecting a 145% increase[2] - For the full year 2024, net sales totaled 9,100million,adecreaseof4.89,100 million, a decrease of 4.8% from 9,562 million in 2023[2] - The full year operating income was 156million,arecoveryfromanoperatinglossof156 million, a recovery from an operating loss of 87 million in 2023[2] - Net earnings for the full year 2024 were 88million,downfrom88 million, down from 226 million in 2023[2] - Earnings per common share for the full year 2024 were 90.62,comparedto90.62, compared to 202.21 in 2023[2] Shareholder Returns - Seaboard declared a quarterly cash dividend of $2.25 per share, consistent with the previous quarter[3] Share Statistics - The average number of shares outstanding decreased to 971,055 in Q4 2024 from 989,615 in Q4 2023[2]