- Seaboard Corporation (SEB, Financial) reports a 5.7% increase in Q1 2025 net sales to $2,316 million compared to the previous year.
- Operating income sees a significant improvement, reaching $38 million, a turnaround from a $20 million loss in Q1 2024.
- The Board announces a quarterly dividend of $2.25 per share, payable on May 19, 2025.
Seaboard Corporation (SEB) has released its financial results for the first quarter of 2025, showcasing a robust improvement across key performance metrics. The conglomerate reported a notable 5.7% increase in net sales, reaching $2,316 million, up from $2,191 million recorded in the same quarter of the previous year.
Operating income for the quarter markedly improved to $38 million, representing a substantial recovery from an operating loss of $20 million in Q1 2024. This turnaround highlights significant operational enhancements within the company.
Net earnings attributable to Seaboard rose impressively by 45.5%, reaching $32 million in Q1 2025 compared to $22 million in the prior year period. Correspondingly, earnings per share climbed to $32.95, a 45.4% increase from $22.66.
The Board of Directors has declared a quarterly cash dividend of $2.25 per share, maintaining the same dividend level as the previous year. This dividend is set to be distributed on May 19, 2025, to shareholders of record as of May 8, 2025.
Seaboard Corporation has filed its Quarterly Report on Form 10-Q with the Securities and Exchange Commission (SEC), which is accessible via their investor relations website. The consistent growth in all financial indicators reflects strengthening fundamentals and positions the company favorably as it progresses through the fiscal year 2025.
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