Earnings

Seaboard Extends Sequential Sales Gain Into July Quarter

The Tip Desk · August 5, 2026 · 2 min read

Net sales reached $2,922 million in the three months ended July 4, 2026, and earnings were $159.74 a share.

Seaboard Corporation (SEB) posted net sales of $2,922 million in the three months ended July 4, 2026, a sequential step-up from $2,400 million in the three months ended April 4, 2026, after a 3.6% sequential increase in that prior quarter.

The Merriam, Kansas holding company reported net earnings attributable to Seaboard of $153 million, or $159.74 a share, compared with $102 million, or $105.22 a share, a year earlier. Average common shares outstanding were 957,794.

Operating income was $100 million.

The sequential sales gain continued a pattern that had already been in place in the April quarter. Net sales in the three months ended April 4, 2026, were $2,400 million, versus $2,316 million a year earlier. Operating income in that period was $96 million, versus $38 million a year earlier. Net earnings attributable to Seaboard were $119 million, or $124.24 a share, versus $32 million, or $32.95 a share, a year earlier.

In the three months ended December 31, 2025, net sales were $2,410 million, versus $2,482 million a year earlier. Operating income was $65 million, versus $114 million a year earlier. Net earnings attributable to Seaboard were $253 million, or $264.13 a share, versus $154 million, or $158.58 a share, a year earlier. The company's three- and twelve-month results were impacted by the reversal of a valuation allowance recorded on certain domestic deferred tax assets.

For the twelve months ended December 31, 2025, net sales were $9,746 million, versus $9,100 million a year earlier. Operating income was $239 million, versus $156 million a year earlier. Net earnings attributable to Seaboard were $496 million, or $514.46 a share, versus $88 million, or $90.62 a share, a year earlier. Seaboard recognized a total income tax benefit of $170 million related to changes in the valuation allowance for that twelve-month period.

The board authorized and declared a quarterly cash dividend of $2.25 a share, matching the immediately prior quarter and the year-ago quarter. The dividend is payable on August 24, 2026, to stockholders of record at the close of business on August 14, 2026.

The company filed its Quarterly Report on Form 10-Q with the United States Securities and Exchange Commission and provided access to the report on its website.