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Sep 28, 2024
Seaboard Q3 2024 Earnings Report
Seaboard's Q3 2024 results were impacted by a valuation allowance on U.S. deferred tax assets, resulting in a net loss.
Key Takeaways
Seaboard Corporation reported a net loss attributable to Seaboard of $149 million for the three months ended September 28, 2024, impacted by a $176 million valuation allowance on U.S. deferred tax assets. The company's net sales were $2,218 million, and operating income was $32 million. The Board of Directors declared a quarterly cash dividend of $2.25 per share.
Net sales for the quarter were $2,218 million.
Operating income was reported at $32 million.
Net loss attributable to Seaboard was $149 million.
A valuation allowance on U.S. deferred tax assets of $176 million impacted the results.