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Jun 27, 2020
Seaboard Q2 2020 Earnings Report
Seaboard Corporation reported a net loss for the quarter ended June 27, 2020.
Key Takeaways
Seaboard Corporation reported a net loss of $26 million for the quarter ended June 27, 2020, compared to a net income of $58 million for the same period in 2019. The loss per share was $(22.35) compared to earnings per share of $50.13 in the prior year. Net sales were $1,808 million, slightly lower than $1,822 million in the prior year.
Net sales were $1,808 million compared to $1,822 million for the three months ended June 29, 2019.
Net loss attributable to Seaboard was $26 million, compared to net earnings of $58 million for the three months ended June 29, 2019.
Loss per common share was $(22.35), compared to earnings per common share of $50.13 for the three months ended June 29, 2019.
The Board of Directors declared a quarterly cash dividend of $2.25 per share.
Forward Guidance
No forward guidance provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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