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Apr 02, 2022
Seaboard Q1 2022 Earnings Report
Seaboard's earnings decreased despite increased sales.
Key Takeaways
Seaboard Corporation reported net sales of $2.709 billion and net earnings of $103 million for the quarter ended April 2, 2022. This compares to net sales of $2.059 billion and net earnings of $179 million for the quarter ended April 3, 2021.
Net sales increased to $2.709 billion from $2.059 billion year-over-year.
Operating income increased to $146 million from $92 million year-over-year.
Net earnings attributable to Seaboard decreased to $103 million from $179 million year-over-year.
Earnings per common share decreased to $89.28 from $154.03 year-over-year.