Loading...
•
Jul 02, 2022
Seaboard Q2 2022 Earnings Report
Seaboard's net sales and operating income increased compared to the same period last year, but net earnings attributable to Seaboard decreased.
Key Takeaways
Seaboard Corporation reported an increase in net sales and operating income for the three months ended July 2, 2022, compared to the same period in 2021. However, net earnings attributable to Seaboard decreased during the same period.
Net sales increased to $2.973 billion compared to $2.430 billion in the previous year.
Operating income rose to $192 million from $165 million year-over-year.
Net earnings attributable to Seaboard decreased to $108 million compared to $176 million in the prior year.
Earnings per common share were $92.53, down from $151.56 year-over-year.