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Sep 30, 2023
Seaboard Q3 2023 Earnings Report
Seaboard's revenue and operating income decreased compared to the same period last year, while net earnings also saw a decline.
Key Takeaways
Seaboard Corporation reported a decrease in net sales and operating income for the quarter ended September 30, 2023, compared to the same period in 2022. Net sales were $2,388 million, operating income was $67 million, and net earnings attributable to Seaboard were $126 million.
Net sales decreased to $2,388 million from $2,895 million year-over-year.
Operating income decreased to $67 million from $155 million year-over-year.
Net earnings attributable to Seaboard decreased to $126 million from $146 million year-over-year.
Earnings per common share decreased to $108.55 from $125.78 year-over-year.