Seaboard

Seaboard Corp. is engaged in hog production and pork processing in the U.S., commodity trading and grain processing in Africa and South America, cargo shipping services in the U.S., Caribbean and Central and South America, sugar and alcohol production in Argentina, and electric power generation in the Dominican Republic. Seaboard also has an equity method investment in Butterball LLC, a producer and processor of turkey products. It operates through the following segments: Pork, Commodity Trading and Milling, Marine, Sugar & Alcohol, Power, Turkey, and Other Business. The Pork segment produces and sells fresh and frozen pork products to processors, foodservice operators, distributors, and grocery stores. The Commodity Trading and Milling segment are managed under the name of Seaboard Overseas and Trading Group, which is an integrated agricultural commodity trading, processing, and logistics company. The Marine segment provides cargo shipping services in the U.S. and 26 countries in the Caribbean and Central and South America. The Sugar & Alcohol segment operates a vertically integrated sugar and alcohol production facility in Argentina. It supplies most of the raw material processed in this facility with sugarcane grown on land that it owns. The Power segment is an independent power producer generating electricity for the Dominican Republic power grid. The Turkey segment is a vertically integrated producer and processor of conventional, antibiotic-free, and organic turkey products. The Other Business segment processes jalapeño peppers at its plant in Honduras, which are primarily shipped to and sold in the U.S. The company was founded by Otto Bresky in 1918 and is headquartered in Merriam, KS.

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Seaboard Corp. engages in hog production and pork processing in the U.S., commodity trading and grain processing in Africa and South America, cargo shipping services in the U.S., Caribbean and Central and South America, sugar and alcohol production in Argentina, and electric power generation in the Dominican Republic. It operates through the following segments: Pork, Commodity Trading and Milling, Marine, Sugar and Alcohol, Power, Turkey, and Other Businesses. The Pork segment produces and sells fresh and frozen pork products to processors, foodservice operators, distributors, and grocery stores. The Commodity Trading and Milling segment is an agricultural commodity trading, processing, and logistics company. The Marine segment provides cargo shipping services. The Sugar and Alcohol segment operates a vertically integrated sugar and alcohol production facility in Argentina. The Power segment generates electricity for the Dominican Republic power grid. The Turkey segment produces and processes turkey products. The Other Businesses segment processes jalapeño peppers. The company was founded by Otto Bresky in 1918 and is headquartered in Merriam, KS.

Seaboard is a diversified farm-economy player, with grain trading and milling, hog/turkey processing, sugar and biofuel refining, ocean transportation services, plus power generation providing sales. Weak earnings since early 2023 have dragged the share price lower, to a valuation level rarely reached in past trading. The share quote is now severely undervalued, selling at a discount of 35% on my estimated net-asset breakup value.

Seaboard: Grains, Pigs, Turkeys, Sugar, Ships, Mills, Warehouses, Energy In Bargain Bin

MERRIAM, Kan. , April 30, 2024 /PRNewswire/ -- The following is a report of earnings for Seaboard Corporation (NYSE American symbol: SEB), with offices at 9000 West 67th Street, Merriam, Kansas, for the three months ended March 30, 2024, and April 1, 2023, in millions of dollars except share and per share amounts.

REPORT OF EARNINGS AND DIVIDEND DECLARATION

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MERRIAM, Kan. , March 25, 2024 /PRNewswire/ -- Seaboard Corporation (NYSE American: SEB) today announced that it has named Chad Groves as the next President and Chief Executive Officer of its pork division, Seaboard Foods LLC (Seaboard Foods), to succeed Seaboard Foods' current President and Chief Executive Officer, Peter Brown, who announced that he will be retiring, effective June 28, 2024.

SEABOARD FOODS NAMES CHAD GROVES AS PRESIDENT AND CEO TO SUCCEED PETER BROWN AFTER RETIREMENT

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Seaboard's pork division has been performing poorly due to low pork prices and high production costs. The company reported a 15% decrease in total revenue for FY 2023, resulting in a significant decrease in gross income and operating income. Seaboard expects the pork division to break even this year and has set a total capex budget of $555M for further investment.

Seaboard: Exposure To Pork And Turkey At A 24% Discount To TBV

MERRIAM, Kan. , Feb. 13, 2024 /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 quarters and years ended December 31, 2023 and December 31, 2022, in millions of dollars except share and per share amounts.

SEABOARD CORPORATIONREPORT OF EARNINGS AND DIVIDEND DECLARATION

MERRIAM, Kan. , Oct. 30, 2023 /PRNewswire/ --The following is a report of earnings for Seaboard Corporation (NYSE American symbol: SEB), with offices at 9000 West 67th Street, Merriam, Kansas, for the three- and nine-months ended September 30, 2023 and October 1, 2022, in millions of dollars except share and per share amounts.

SEABOARD CORPORATION REPORT OF EARNINGS AND DIVIDEND DECLARATION

Seaboard is a defensive investment opportunity trading well below tangible book value. The company just executed a large share buyback transaction at a -15% price discount, which is expected to be accretive to future per share results.

Seaboard: Stable Farm Economy Assets At Rare 20%+ Discount To Tangible Book Value

MERRIAM, Kan. , Oct. 9, 2023 /PRNewswire/ -- Seaboard Corporation (NYSE AMERICAN: SEB) ("Seaboard") today announced that it has agreed to repurchase 189,724 shares of its common stock, $1.00 par value per share ("Common Stock"), at a purchase price of $3,162.50 per share.

Seaboard Corporation Announces Share Repurchase

MERRIAM, Kan. , Aug. 1, 2023 /PRNewswire/ -- The following is a report of earnings for Seaboard Corporation (NYSE American symbol: SEB), with offices at 9000 West 67th Street, Merriam, Kansas, for the three- and six-months ended July 1, 2023 and July 2, 2022, in millions of dollars except share and per share amounts.

SEABOARD CORPORATION: REPORT OF EARNINGS AND DIVIDEND DECLARATION

Seaboard Corporation has had a difficult start to the 2023 fiscal year, with a decline in revenue, profits and cash flows, largely due to issues in its three largest operating segments. The Pork segment of the business saw a decrease in operating profit due to lower sales prices and higher hog costs, while the Commodity Trading and Milling segment experienced a decline in revenue due to increased competition. Despite the current slump, shares of Seaboard Corporation are attractively priced and the company is expected to recover in the long term, leading to a "Buy" rating for the business.

Seaboard Corporation: Assessing Recent Issues

Seaboard is a large producer of pork, provider of marine services while its Turkey division owns the Butterball brand. The performance in the first quarter was abysmal as the pork division performed poorly. Q2 may not be better but as hog prices are increasing I'm hopeful Seaboard's realized pork prices will improve.

Seaboard: A Call Option On Pork Prices

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Seaboard Corp. SEB, +0.50% said it received a proposal from its founding family to buy back shares, and appointed an independent committee to examine it, according to a Securities and Exchange Commission filing late Tuesday. Seaboard said its Chair Ellen Bresky and other members of the Bresky family have asked the company to buy back “at least” $600 million in shares held by the Bresky Group.

Seaboard gets stock buyback proposal from founding Bresky family

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Seaboard Corporation continues to benefit from strong demand across some of its operations. This is great news and it has served to propel shares higher even though it's unlikely to last in the long run.

Seaboard Corporation: Shares Should Continue To Outperform For Now

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Seaboard Corporation has been hit in recent months, just like most other firms during the market's plunge. Although the financial data of the business has been mixed, the overall trend is positive.

Seaboard Corporation: Shares Deserve To Move Higher From Here

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Seaboard Corporation had a great fourth quarter from a sales perspective, but its bottom line did suffer year-over-year.

Seaboard Corporation: Upside Potential Still Exists

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News for Seaboard Stock (SEB)