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Seaboard Corporation

Ocean transport, commodity trading, food production

Overview

Seaboard Corporation runs ocean transportation, commodity trading, and food production for customers worldwide. Its integrated model links direct shipping, commodity trading and milling with processing and logistics to move goods from producers to buyers. It differentiates itself by owning multiple steps of the supply chain, operating in 45+ countries, and pursuing growth through acquisitions while maintaining a focus on ethical conduct. Its goal is to maximize efficiency and profitability by leveraging a diversified, fully integrated platform across markets.

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About Seaboard Corporation

Simplify's Rating
Why Seaboard Corporation is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Food & AgricultureIndustrial & ManufacturingFinancial ServicesConsumer Goods

Company Size

N/A

Company Stage

IPO

Headquarters

Merriam, KS

Founded

1918

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What believers are saying

  • November 3, 2026 Liquid Fuels boosted nine-month operating income $194 million.
  • Marine volumes rose 9% and freight rates 4% in Q3 2026.
  • November 2026 turkey sales grew, and management expects Butterball profitability through year-end.

What critics are saying

  • November 3, 2026 pork operating loss reached $80 million; management sees no 2026 profit.
  • Butterball paid $34 million in Q3 2026 settlement, exposing Seaboard to deeper litigation costs.
  • EDM III stayed offline after July 2026 turbine damage; repairs run to year-end, risking liquidity.

What makes Seaboard Corporation unique

  • Seaboard combines Marine, Pork, Liquid Fuels, and trading under one balance sheet.
  • October 2026 10-Q shows $1.5 billion cash and $743 million borrowing capacity.
  • Integrated logistics let Seaboard offset segment shocks with trading, shipping, and fuels.

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Stock Price

Company News

Marketing & Technology Group
Nov 4th, 2026
Lower pork prices drive $138M drop in processor operating income.

Lower pork prices drive $138M drop in processor operating income. November 4, 2026 Seaboard Corporation shared dour numbers from its pork processing segment in its Q3 report to investors. According to the report, Seaboard's net sales of pork products fell by 13.67% year over year (YOY) to $461 million for the three months ending Oct. 3; that $73-million drop in net sales caused operating income to plunge from a $58 million gain last year to an $80 million loss in 2026 (a fall of $138 million). Year to date, Seaboard's pork sales were at $1.448 billion, down $101 million from last year; operating income, meanwhile, was down from a $55-million gain to a $56-million loss (a $111 million drop). "The decrease in net sales for the three- and nine-month periods of 2026 compared to the corresponding periods in 2025 primarily reflected lower prices, and to a lesser extent, lower volumes of pork products sold," Seaboard stated in its report. "Market prices for pork products and hogs remain inherently volatile and can fluctuate significantly in response to shifts in domestic and global supply and demand." The fall in operating income, Seaboard continued, "primarily reflected lower sales prices, a $51 million lower of cost and net realizable value ("LCNRV") inventory adjustment, and to a lesser extent, higher overall hog production costs, of which a portion is driven by reduced availability of hogs." Such are current market conditions, Seaboard concluded, that it does not anticipate a profit from its pork segment in 2026. "No assurances can be made regarding future results as it is difficult to predict market prices for pork products, the cost of production or third-party hogs, the effect of disease and the impact of geopolitical events for future periods." A turkey-sized bright spot. The news was far more positive in Seaboard's turkey segment. Courtesy of its noncontrolling 52.5% investment in Butterball, Seaboard reported a $9 million income for Q3 and $65 million YTD in 2026. On the whole, Butterball's Q3 net sales were $619 million (up 9.17% from last year), and YTD sales were $1.578 billion (up 13.85%). Butterball's Q3 operating income, however, fell from $54 million last year to $22 million in 2026, and Seaboard's report stated that was due to the processor's $34 million payment to settle claims from direct purchasers in a long-running turkey price-fixing litigation. "Higher turkey product sales resulting from increases in both sales prices and sales volumes were partially offset by higher production costs, including feed and transportation costs," Seaboard reported. "Management anticipates this segment will be profitable for the remainder of 2026."

Securities.io
Nov 3rd, 2026
Seaboard Q3 operating income falls to $13 million on pork loss.

Seaboard Q3 operating income falls to $13 million on pork loss. Published November 3, 2026 Elena Kovacs Global Equities & Earnings, AI Research Agent Seaboard Corporation reported on November 3, 2026 that net sales for the three months ended October 3, 2026 rose to US$2.77 billion from US$2.54 billion in the corresponding 2025 quarter, while operating income fell to $13 million from $84 million. A Pork operating loss outweighed improvements in Liquid Fuels, Commodity Trading and Milling, and Marine. Net earnings attributable to Seaboard dropped to $28 million, or $29.23 per share, from $109 million, or $113.71 per share. The board also declared a quarterly cash dividend of $2.25 per share of common stock, payable on November 23, 2026 to stockholders of record at the close of business on November 13, 2026. Pork drives the operating decline. The quarterly report attributes the $71 million consolidated operating-income decline primarily to a $138 million deterioration in Pork, partly offset by a $52 million improvement in Liquid Fuels. Because the Pork reversal was larger than the total decline, gains elsewhere absorbed much of the segment's weakness. The segment results for the three months ended October 3, 2026 and September 27, 2025 show how widely performance diverged. Amounts are in millions of U.S. dollars. Lower pork-product market prices reduced Pork sales by $49 million, lower volumes reduced them by $8 million, and lower market-hog sale prices accounted for another $16 million decline. The operating deterioration primarily reflected lower sales prices, higher overall hog production costs and a $51 million lower-of-cost-and-net-realizable-value inventory adjustment. That adjustment followed lower forecast pork prices and higher forecast production costs, including feed. Management anticipates that Pork will not be profitable for the remainder of 2026 and cautions that market prices, production and third-party hog costs, disease and geopolitical events are difficult to predict. Other segments provide a partial offset. In Liquid Fuels, higher fuel sales contributed $68 million to the increase in net sales and higher environmental-credit sales contributed $66 million. Feedstock costs increased 31%, while income from production tax credits rose $5 million. The renewable diesel plant was shut for scheduled maintenance during the final week of the quarter; management expects operations to resume in November 2026 and anticipates that the segment will be profitable for the remainder of 2026. Commodity Trading and Milling's operating improvement primarily reflected a $15 million increase in mark-to-market gains on commodity derivative contracts. Marine's sales growth came from a 9% increase in cargo volumes and a 4% increase in average freight rates, while vessel fuel costs increased $12 million. Power moved in the opposite direction after the EDM III generating barge was nonoperational for most of the quarter. Turbine damage was identified during a routine inspection in mid-July 2026. Management does not expect the repairs to be complete until the end of 2026 and anticipates no segment profit for the remainder of the year. Income from the Turkey affiliate also fell, to $9 million from $26 million, primarily because of a legal settlement at Butterball. The pressure therefore extended beyond operating income: earnings before income taxes declined to $37 million from $125 million even as other income increased to $35 million from $23 million. Nine-Month earnings improve as cash flow weakens. For the nine months ended October 3, 2026, net sales increased to $8.09 billion from $7.34 billion in the corresponding 2025 period. Operating income rose to $209 million from $174 million, and net earnings attributable to Seaboard increased to $300 million, or $313.22 per share, from $243 million, or $251.47 per share. The nine-month operating improvement was driven primarily by a $194 million increase in Liquid Fuels operating income, partly offset by a $111 million decrease in Pork. Those figures show how much of the year's broader improvement came from Liquid Fuels, notwithstanding the segment's scheduled third-quarter maintenance. Cash generation moved in the opposite direction. Operating cash flow declined to $236 million from $380 million, primarily because cash used for working capital increased $172 million, partly offset by a $79 million increase in dividends received from affiliates. Higher inventory use was principally tied to the timing of sales and purchases in Commodity Trading and Milling. Capital expenditures were $299 million, including $119 million in Power primarily for installment payments on the EDM IV barge under construction. That spending exceeded operating cash flow by $63 million, calculated from the reported figures, and management has budgeted approximately $145 million of additional capital expenditures for the remainder of 2026. As of October 3, 2026, Seaboard had nearly $1.5 billion of cash and short-term investments and $743 million of available borrowing capacity, with $711 million drawn against its lines of credit. The central issue for the remainder of 2026 is whether gains in Liquid Fuels, trading and shipping can continue to offset Pork's losses and Power's repair-related weakness while capital spending exceeds operating cash generation. The nine-month results show improvement, but the third quarter demonstrates how vulnerable that progress remains to commodity prices and production costs. Elena Kovacs is an AI-generated markets research agent at Securities.io, covering Global Equities & Earnings and the public companies, market infrastructure and investable technologies shaping that field. Elena Kovacs monitors material earnings, guidance, capital allocation, M&A, restructurings, capacity expansions and competitive shifts for public companies not owned by a narrower specialist beat. Coverage follows a fundamental, catalyst-driven, concise perspective, prioritizing first-party announcements, company fundamentals, competitive positioning and developments with material relevance for investors. Articles authored by Elena Kovacs are AI-generated and reviewed by Securities.io's editorial team to ensure factual accuracy, source quality and responsible coverage. Content is provided for educational purposes and does not constitute investment advice.

WallStreetBets, Inc.
Nov 3rd, 2026
Seaboard Q3 profit falls to $28 million, sales rise.

Seaboard Q3 profit falls to $28 million, sales rise. Seaboard said on Nov. 3 that third-quarter net earnings fell to $28 million from $109 million. Its quarterly dividend stays at $2.25 per share. By Yash Upadhyaya Key takeaways. * Seaboard (SEB) said on Nov. 3 that third-quarter net earnings were $28 million, down from $109 million a year earlier, on net sales of $2.77 billion, up from $2.54 billion. The company also declared a quarterly dividend of $2.25 per share, unchanged from a year earlier, payable Nov. 23. Seaboard (SEB) said on Nov. 3 that net earnings for the third quarter fell to $28 million from $109 million a year earlier. Net sales rose to $2.77 billion from $2.54 billion over the same period. The results cover the three and nine months ended Oct. 3. For the nine months, net earnings were $300 million, up from $243 million a year earlier, and net sales were $8.09 billion, up from $7.34 billion. Here's how the company did: * Net sales: $2.77 billion vs. $2.54 billion a year earlier * Operating income: $13 million vs. $84 million a year earlier * Net earnings attributable to Seaboard: $28 million vs. $109 million a year earlier * Earnings per common share: $29.23 vs. $113.71 a year earlier Operating income for the quarter was $13 million, compared with $84 million a year earlier. For the nine months, earnings per common share were $313.22, up from $251.47 a year earlier. Average shares outstanding in the quarter were 957,794, compared with 958,618 a year earlier. The board declared a quarterly cash dividend of $2.25 per share, the same as a year earlier. The dividend is payable Nov. 23 to stockholders of record at the close of business on Nov. 13. The company said in a press release that it had filed its quarterly report with the Securities and Exchange Commission and posted access to it on its investor website.

MarketBeat
Aug 21st, 2026
Seaboard (NYSEAMERICAN:SEB) stock price down 3.7% - what's next?

Seaboard (NYSEAMERICAN:SEB) stock price down 3.7% - what's next? August 21, 2026 Key points. * Seaboard shares fell 3.7% to $4,195 during mid-day trading, with volume 29% below the average session level. The stock trades below both its 50-day and 200-day moving averages. * Seaboard reported quarterly revenue of $2.92 billion and earnings of $159.74 per share, alongside a 12.03% return on equity and a 6.17% net margin. * The company declared a quarterly dividend of $2.25 per share, equal to a $9.00 annualized payout and a 0.2% yield. Institutional investors and hedge funds own 22.57% of the stock. * Five stocks to consider instead of Seaboard. Seaboard Corporation (NYSEAMERICAN:SEB - Get Free Report) shares traded down 3.7% during mid-day trading on Friday. The company traded as low as $4,180.64 and last traded at $4,195.00. 9,998 shares were traded during mid-day trading, a decline of 29% from the average session volume of 14,080 shares. The stock had previously closed at $4,356.35. Seaboard stock down 3.3%. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.40 and a quick ratio of 1.33. The stock has a market capitalization of $4.04 billion, a P/E ratio of 6.36 and a beta of 0.24. The firm has a 50-day simple moving average of $4,562.05 and a 200 day simple moving average of $5,007.87. Seaboard (NYSEAMERICAN:SEB - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported $159.74 earnings per share for the quarter. Seaboard had a return on equity of 12.03% and a net margin of 6.17%.The company had revenue of $2.92 billion for the quarter. Seaboard announces dividend. The firm also recently declared a quarterly dividend, which will be paid on Monday, August 24th. Shareholders of record on Friday, August 14th will be given a $2.25 dividend. This represents a $9.00 annualized dividend and a yield of 0.2%. The ex-dividend date is Friday, August 14th. Seaboard's dividend payout ratio is 9.93%. Hedge funds weigh in on Seaboard. A number of hedge funds have recently modified their holdings of SEB. Dimensional Fund Advisors LP increased its holdings in Seaboard by 4.5% in the first quarter. Dimensional Fund Advisors LP now owns 47,087 shares of the company's stock valued at $266,222,000 after purchasing an additional 2,017 shares during the period. Vanguard Group Inc. increased its stake in shares of Seaboard by 1.6% in the fourth quarter. Vanguard Group Inc. now owns 27,267 shares of the company's stock valued at $121,197,000 after buying an additional 434 shares during the period. BlackRock Inc. acquired a new stake in shares of Seaboard in the second quarter valued at about $106,318,000. Arrowstreet Capital Limited Partnership raised its position in shares of Seaboard by 238.0% during the first quarter. Arrowstreet Capital Limited Partnership now owns 12,332 shares of the company's stock worth $69,725,000 after acquiring an additional 8,683 shares during the last quarter. Finally, Wallace Capital Management Inc. bought a new position in shares of Seaboard during the second quarter worth about $30,675,000. Institutional investors and hedge funds own 22.57% of the company's stock. About Seaboard. Seaboard Corporation is a diversified agribusiness and transportation company engaged in a range of global operations. Organized into several operating segments, the company's principal activities include pork production and processing, commodity trading and milling, marine products, sugar production, and shipping. Seaboard's integrated business model spans the entire value chain - from feed grain procurement and hog production to finished pork products - enabling the company to capture efficiencies across each stage of its operations. Discover more Derivatives MarketBeat Portfolio Tracking In its pork segment, conducted under the Seaboard Foods subsidiary, the company raises hogs and operates slaughter and processing facilities in the United States. Further reading. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Continue following MarketBeat Before you consider Seaboard, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Seaboard wasn't on the list. While Seaboard currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

StockTitan
Aug 4th, 2026
Seaboard Corporation report of earnings and dividend declaration.

Seaboard Corporation report of earnings and dividend declaration. Seaboard Corporation (NYSE American: SEB) reported unaudited results for the three and six months ended July 4, 2026, compared with June 28, 2025. Rhea-AI summary. Seaboard Corporation (NYSE American: SEB) reported unaudited results for the three and six months ended July 4, 2026, compared with June 28, 2025. For the quarter, net sales were $2,922 million versus $2,480 million, operating income was $100 million versus $52 million, and net earnings attributable to Seaboard were $153 million versus $102 million. Quarterly earnings per common share were $159.74 compared with $105.22, on average shares outstanding of 957,794 versus 969,427. For the six-month period, net sales were $5,322 million versus $4,796 million, operating income $196 million versus $90 million, and net earnings attributable to Seaboard $272 million versus $134 million, with EPS of $283.99 versus $138.11. Dividends declared were $2.25 per share for the quarter and $4.50 year-to-date, unchanged from the prior-year periods. According to Seaboard, its Quarterly Report on Form 10-Q has been filed with the SEC and is available on its investor website. The Board of Directors declared a quarterly cash dividend of $2.25 per common share, payable August 24, 2026, to stockholders of record on August 14, 2026. Positive. * Quarterly net sales $2,922M vs. $2,480M prior year * Quarterly operating income $100M vs. $52M prior year * Quarterly net earnings $153M vs. $102M prior year * Quarterly EPS $159.74 vs. $105.22 prior year * Six-month net sales $5,322M vs. $4,796M prior year * Quarterly dividend maintained at $2.25 per share Negative. News market reaction - SEB. AI-generated analysis. How Rhea-AI works. Not financial advice. Don't miss StockTitan's market coverage in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google 08/04/2026 - 02:00 PM MERRIAM, Kan., Aug. 4, 2026 /PRNewswire/ - The following is a report of earnings for Seaboard Corporation (NYSE American: SEB), with offices at 9000 West 67th Street, Merriam, Kansas, for the three and six months ended July 4, 2026 and June 28, 2025, in millions of dollars except share and per share amounts. | (UNAUDITED) | / | Three Months Ended | / | Six Months Ended | | / | / | July 4, | / | June 28, | / | July 4, | / | June 28, | | / | / | 2026 | / | 2025 | / | 2026 | / | 2025 | | Net sales | / | $ | 2,922 | / | $ | 2,480 | / | $ | 5,322 | / | $ | 4,796 | | Operating income | / | $ | 100 | / | $ | 52 | / | $ | 196 | / | $ | 90 | | Net earnings attributable to Seaboard | / | $ | 153 | / | $ | 102 | / | $ | 272 | / | $ | 134 | | Earnings per common share | / | $ | 159.74 | / | $ | 105.22 | / | $ | 283.99 | / | $ | 138.11 | | Average number of shares outstanding | / | / | 957,794 | / | / | 969,427 | / | / | 957,794 | / | / | 970,228 | | Dividends declared per common share | / | $ | 2.25 | / | $ | 2.25 | / | $ | 4.50 | / | $ | 4.50 | Seaboard Corporation today filed its Quarterly Report on Form 10-Q with the United States Securities and Exchange Commission. Seaboard Corporation has provided access to the Quarterly Report on Form 10-Q on its website at https://www.seaboardcorp.com/investors. Also, Seaboard Corporation announced today that its Board of Directors has authorized and declared a quarterly cash dividend of $2.25 per share of its common stock. The dividend is payable on August 24, 2026 to stockholders of record at the close of business on August 14, 2026. SOURCE Seaboard Corporation Faq. What were Seaboard (SEB) Q2 2026 earnings and revenue? Seaboard reported Q2 2026 net sales of $2,922 million and net earnings attributable to Seaboard of $153 million. According to Seaboard, operating income was $100 million for the quarter, compared with $52 million in the prior-year quarter. What was Seaboard (SEB) Q2 2026 earnings per share? Seaboard's Q2 2026 earnings per common share were $159.74, compared with $105.22 a year earlier. According to Seaboard, this EPS is based on an average 957,794 shares outstanding versus 969,427 in the prior-year quarter. How did Seaboard (SEB) perform in the first six months of 2026? For the first six months of 2026, Seaboard reported net sales of $5,322 million and net earnings attributable to Seaboard of $272 million. According to Seaboard, six-month operating income was $196 million, up from $90 million in the prior-year period. What dividend did Seaboard (SEB) declare in August 2026? Seaboard's Board declared a quarterly cash dividend of $2.25 per common share. According to Seaboard, the dividend is payable on August 24, 2026, to stockholders of record at the close of business on August 14, 2026. Did Seaboard (SEB) change its dividend compared with 2025? Seaboard's dividend remained $2.25 per share for the quarter, matching the 2025 level. According to Seaboard, dividends declared per common share were $2.25 for the quarter and $4.50 for the six-month period in both 2026 and 2025. Where can investors find Seaboard (SEB) Q2 2026 Form 10-Q? Investors can access Seaboard's Q2 2026 Form 10-Q on the company's investor website. According to Seaboard, the Quarterly Report on Form 10-Q has been filed with the U.S. Securities and Exchange Commission and posted online for public access.

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