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Published: 2022-08-02 00:00:00 ET
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Exhibit 99.1

PRESS RELEASE

REPORT OF EARNINGS AND DIVIDEND DECLARATION

August 2, 2022

Merriam, Kansas

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 2, 2022 and July 3, 2021, in millions of dollars except share and per share amounts (unaudited).

Three Months Ended

Six Months Ended

July 2,

July 3,

July 2,

July 3,

    

2022

    

2021

    

2022

    

2021

 

Net sales

$

2,973

$

2,430

$

5,682

$

4,489

Operating income

$

192

$

165

$

338

$

257

Net earnings attributable to Seaboard

$

108

$

176

$

211

$

355

Earnings per common share

$

92.53

$

151.56

$

181.81

$

305.59

Average number of shares outstanding

 

1,160,779

 

1,160,779

 

1,160,779

 

1,160,779

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 22, 2022 to stockholders of record at the close of business on August 12, 2022.