Seaboard(US:SEB)2025-10-28 20:06Financial Performance - Seaboard Corporation reported net sales of $2,540 million for the three months ended September 27, 2025, representing a 14.5% increase from $2,218 million in the same period of 2024[2]. - Operating income for the three months ended September 27, 2025, was $84 million, compared to $32 million for the same period in 2024, marking a 162.5% increase[2]. - Net earnings attributable to Seaboard for the three months ended September 27, 2025, were $109 million, a significant recovery from a net loss of $149 million in the same period of 2024[2]. - Earnings per common share for the three months ended September 27, 2025, were $113.71, compared to a loss of $153.44 per share in the same period of 2024[2]. - For the nine months ended September 27, 2025, net sales were $7,336 million, up from $6,618 million in the same period of 2024, reflecting a 10.8% increase[2]. - Operating income for the nine months ended September 27, 2025, was $174 million, compared to $42 million for the same period in 2024, indicating a substantial improvement[2]. - Net earnings for the nine months ended September 27, 2025, were $243 million, a recovery from a loss of $66 million in the same period of 2024[2]. Shareholder Returns - Seaboard declared a quarterly cash dividend of $2.25 per share, consistent with the previous quarter's dividend[3]. Share Information - The average number of shares outstanding decreased slightly to 958,618 for the three months ended September 27, 2025, from 971,055 in the same period of 2024[2]. Tax Considerations - The company recorded a valuation allowance on its U.S. deferred tax assets of $176 million in the previous year, impacting financial results[2].