Attached files
Exhibit 99.1
PRESS RELEASE
REPORT OF EARNINGS
August 9, 2011
Shawnee Mission, Kansas
The following is a report of earnings for Seaboard Corporation (NYSE Amex
symbol: SEB) with offices at 9000 West 67th Street, Shawnee Mission, Kansas
66202, (the "Company"), for the three and six months ended July 2, 2011 and
July 3, 2010, in thousands of dollars except share and per share amounts.
Three Months Ended Six Months Ended
July 2, July 3, July 2, July 3,
2011 2010 2011 2010
Net sales $1,398,587 $1,048,463 $2,866,766 $2,068,739
Net earnings attributable to
Seaboard $ 113,486 $ 77,604 $ 230,350 $ 140,382
Net earnings per common share $ 93.34 $ 63.21 $ 189.45 $ 114.02
Average number of shares
outstanding 1,215,879 1,227,628 1,215,879 1,231,207
Notes to Report of Earnings:
Included in net earnings attributable to Seaboard for the three and six
months ended July 2, 2011 is a gain on sale of power generating
facilities in the amount of $51,423,000, or $42.29 share. There was no
tax expense on this transaction.
Seaboard Corporation today filed its Quarterly Report on Form 10-Q with the
United States Securities and Exchange Commission. Seaboard has provided
access to the Quarterly Report on Form 10-Q on its website at
http://www.seaboardcorp.com/investor-sec.aspx.