Loading...
•
Apr 01, 2023
Seaboard Q1 2023 Earnings Report
Seaboard experienced a loss in Q1 2023, with a decrease in net sales and operating income.
Key Takeaways
Seaboard Corporation reported a net loss attributable to Seaboard of $16 million and a loss per share of $13.78 for the three months ended April 1, 2023. This contrasts with a net earnings of $103 million and earnings per share of $89.28 for the same period last year. Net sales decreased to $2,499 million, and the company had an operating loss of $63 million compared to an operating income of $146 million in the prior year.
Seaboard reported a net loss of $16 million for Q1 2023.
The company's net sales decreased to $2,499 million compared to $2,709 million in the same quarter of the previous year.
Seaboard experienced an operating loss of $63 million, a significant change from the $146 million operating income in Q1 2022.
Earnings per share was reported as a loss of $13.78, a steep decline from the $89.28 earnings per share in the prior year.