Seaboard Corporation Report Of Earnings

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Oct 31, 2014, 04:59 ET

SHAWNEE MISSION, Kan., Oct. 31, 2014 /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 27, 2014 and September 28, 2013, in thousands of dollars except share and per share amounts.


	Three Months Ended		Nine Months Ended
	September 27,	September 28,	September 27,	September 28,
	2014	2013	2014	2013
Net sales	$ 1,622,641	$ 1,648,105	$ 4,796,868	$ 4,914,440
Net earnings attributable to Seaboard	$ 104,749	$ 30,969	$ 246,592	$ 127,970

Net earnings per common share	$ 89.49	$ 25.99	$ 208.76	$ 107.09
Average number of shares outstanding	1,170,550	1,191,744	1,181,217	1,195,006

Notes to Report of Earnings:

As of September 27, 2014, Seaboard's Pork segment sold to Triumph Foods LLC a 50% interest in Daily's Premium Meats, its processed meats division. Included in net earnings attributable to Seaboard for the three and nine months ended September 27, 2014 is a gain on sale of controlling interest in subsidiary of $39,279,000 net of taxes, or $33.56 and $33.25 per share, respectively ($64,392,000 gain before taxes). The final sale price is subject to agreement on the final working capital adjustments but any such remaining adjustment is not anticipated to be significant.

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

SOURCE Seaboard Corporation