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8-K - SEABOARD CORPORATION 8-K DATED AUGUST 10, 2016 - SEABOARD CORP /DE/seb-20160810x8k.htm

Exhibit 99.1

 

PRESS RELEASE

REPORT OF EARNINGS

 

August 10, 2016 

Merriam, Kansas

 

The following is a report of earnings for Seaboard Corporation (NYSE MKT symbol: SEB) with offices at 9000 West 67th Street, Merriam, Kansas (the “Company”), for the three and six months ended July 2, 2016 and July 4, 2015, in millions of dollars except share and per share amounts.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

July 2,

 

July 4,

 

July 2,

 

July 4,

 

 

    

2016

    

2015

    

2016

    

2015

 

Net sales

 

$

1,357

 

$

1,428

 

$

2,676

 

$

2,880

 

Net earnings attributable to Seaboard

 

$

80

 

$

32

 

$

134

 

$

65

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net earnings per common share

 

$

68.34

 

$

27.04

 

$

114.25

 

$

55.15

 

Average number of shares outstanding

 

 

1,170,550

 

 

1,170,550

 

 

1,170,550

 

 

1,170,550

 

Notes to Report of Earnings:

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 https://www.seaboardcorp.com/investors.