Seaboard Corporation Report Of Earnings

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Nov 02, 2012, 05:02 ET

SHAWNEE MISSION, Kan., Nov. 2, 2012 /PRNewswire/ -- The following is a report of earnings for Seaboard Corporation (NYSE MKT symbol: SEB) with offices at 9000 West 67^th Street, Shawnee Mission, Kansas 66202, (the "Company"), for the three and nine months ended September 29, 2012 and October 1, 2011, in thousands of dollars except share and per share amounts.

	Three Months Ended		Nine Months Ended
	September 29,	October 1,	September 29,	October 1,
	2012	2011	2012	2011

Net sales	$ 1,479,416	$ 1,476,718	$ 4,461,122	$ 4,343,484
Net earnings attributable to Seaboard	$ 74,422	$ 36,560	$ 206,728	$ 266,910

Net earnings per common share	$ 61.92	$ 30.07	$ 171.52	$ 219.52
Average number of shares outstanding	1,201,974	1,215,863	1,205,239	1,215,874

Notes to Report of Earnings:
Included in net earnings attributable to Seaboard for the three and nine months ended October 1, 2011 is a gain on the sale of power generating facilities in the amount of $1,500,000 and $52,923,000 or $1.23 and $43.53 per share, respectively. There was no income tax expense on this transaction.

Seaboard Corporation today filed its Quarterly Report on Form 10-Q with the United States Securities and Exchange Commission. Seaboard has provided access to the Quarterly Report on Form 10-Q on its website at http://www.seaboardcorp.com/investor-sec.aspx.

SOURCE Seaboard Corporation