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Dec 31, 2020
Seaboard Q4 2020 Earnings Report
Seaboard's Q4 2020 earnings were positively impacted by a change in inventory valuation method and investment income.
Key Takeaways
Seaboard Corporation reported net sales of $1.99 billion and net earnings of $259 million for the quarter ended December 31, 2020. Earnings per share were $222.52. The results include a positive impact from a change in inventory valuation and investment income.
Net sales for Q4 2020 reached $1.99 billion, compared to $1.812 billion in Q4 2019.
Net earnings attributable to Seaboard were $259 million for Q4 2020, up from $173 million in Q4 2019.
Earnings per share for Q4 2020 were $222.52, an increase from $148.75 in Q4 2019.
The company's results were impacted by a change in inventory valuation method in the Pork segment and capital market volatility on short-term investments.