Seaboard Corp. 3Q earnings slip

by Josh Sosland
Share This:
MERRIAM, Kan. — For the three months ended Oct. 1, net income of Seaboard Corp. totaled $36,560,000, equal to $30.07 per share on the common stock, down 8 percent from $39,869,000, or $32.74 per share in the third quarter of 2010. Net sales totaled$1,476,718,000, up 33 percent from $1,111,813,000.

Third-quarter results for 2011 included a gain on the sale of power generating facilities totaling $1,500,000, or $1.23 per share.

In the nine months ended Oct. 1, Seaboard net income was $266,910,000, or $219.52 per share, up 48 percent from $180,251,000, or $146.93, in the same period in 2010. Net sales were $4,343,484,000, up 37 percent from $3,180,552,000.

For the nine months in 2011, the gain on the sale of power-generating facilities was $52,923,000, or $43.53 per share.
Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.

 

 


The views expressed in the comments section of Meat and Poultry News do not reflect those of Meat and Poultry News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.