Seaboard Corporation Report of Earnings

Aug 09, 2011, 16:44 ET from Seaboard Corporation

SHAWNEE MISSION, Kan., Aug. 9, 2011 /PRNewswire/ --The following is a report of earnings for Seaboard Corporation (NYSE Amex symbol: SEB) with offices at 9000 West 67th Street, Shawnee Mission, Kansas 66202, (the "Company"), for the three and six months ended July 2, 2011 and July 3, 2010, in thousands of dollars except share and per share amounts.


Three Months Ended

Six Months Ended


July 2,

July 3,

July 2,

July 3,


2011

2010

2011

2010

Net sales

$1,398,587

$1,048,463

$2,866,766

$2,068,739

Net earnings attributable to Seaboard

$113,486

$77,604

$230,350

$140,382






Net earnings per common share

$93.34

$  63.21

$189.45

$114.02

Average number of shares outstanding

1,215,879

1,227,628

1,215,879

1,231,207



Notes to Report of Earnings:

Included in net earnings attributable to Seaboard for the three and six months ended July 2, 2011 is a gain on sale of power generating facilities in the amount of $51,423,000, or $42.29 share.  There was no 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



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