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Dec 31, 2019
Seaboard Q4 2019 Earnings Report
Seaboard's net earnings attributable to Seaboard Corporation included other investment income and the Pork segment recognized revenue from biodiesel blending due to the 2019 Tax Act.
Key Takeaways
Seaboard Corporation reported net sales of $1.812 billion and net earnings of $175 million for the quarter ended December 31, 2019. The Pork segment recognized $60 million in revenue due to the 2019 Tax Act, and net earnings included other investment income of $73 million.
Net sales increased to $1.812 billion compared to $1.662 billion in the same quarter of the previous year.
Net earnings attributable to Seaboard were $175 million, a significant improvement from a net loss of $91 million in the prior year.
Earnings per common share were $149.91, up from a loss per share of $77.58 in the same period last year.
The Pork segment recognized $60 million in revenue due to the biodiesel blender's credits.