Attached files

file filename
8-K - SEABOARD CORPORATION 8-K DATED FEBRUARY 26, 2015 - SEABOARD CORP /DE/k822615.txt



                                                               Exhibit 99.1

                               PRESS RELEASE
                            REPORT OF EARNINGS

                                                          February 26, 2015
                                                    Shawnee Mission, Kansas

The  following is a report of earnings for Seaboard Corporation  (NYSE  MKT
symbol: SEB) with offices at 9000 West 67th Street, Shawnee Mission, Kansas
66202, (the "Company"), for the three and twelve months ended December  31,
2014  and December 31, 2013, in thousands of dollars except share  and  per
share amounts.
                               Three Months Ended        Twelve Months Ended
                            December 31, December 31, December 31, December 31,
                                 2014         2013         2014         2013

Net sales                    $1,676,208   $1,755,974   $6,473,076   $6,670,414

Net earnings attributable to
  Seaboard                   $  118,678   $   77,266   $  365,270   $  205,236

Net earnings per common
 share                       $   101.39   $    64.91   $   309.96   $   171.92

Average number of shares
 outstanding                  1,170,550    1,190,326    1,178,441    1,193,801


Notes to Report of Earnings:

On December 19, 2014, the Tax Increase Prevention Act of 2014 (the 2014 Tax
Act)  was  signed into law.  The 2014 Tax Act extended for 2014  only  many
expired  corporate income tax provisions that impact current  and  deferred
taxes  for  financial reporting purposes. The total annual effects  of  the
provisions  in  the  new  law  on current and  deferred  taxes  assets  and
liabilities for Seaboard were recorded in the fourth quarter of 2014.   The
impact  was  a  tax benefit of $11,410,000, or $9.75 and $9.68  per  common
share   for   the  three  and  twelve  months  ended  December  31,   2014,
respectively, primarily related to certain income tax credits.  In addition
to this amount was a credit of $15,450,000, or $13.20 and $13.11 per common
share   for   the  three  and  twelve  months  ended  December  31,   2014,
respectively, for the 2014 Federal blender's credits that was recognized as
revenues in the fourth quarter of 2014.  There was no tax expense  on  this
transaction.

As of September 27, 2014, Seaboard's Pork segment sold to Triumph Foods LLC
a  50%  interest  in Daily's Premium Meats, its processed  meats  division.
Included  in  net earnings attributable to Seaboard for the  twelve  months
ended  December  31,  2014  is a gain on sale of  controlling  interest  in
subsidiary  of  $40,233,000  net  of taxes,  or  $34.14  per  common  share
($65,955,000 total gain before taxes).

Seaboard  Corporation today filed its Annual Report on Form 10-K  with  the
United  States  Securities and Exchange Commission. Seaboard  has  provided
access   to   the   Annual  Report  on  Form  10-K  on   its   website   at
http://www.seaboardcorp.com/investors