Seaboard Corp.: Q2 FY2026 earnings call
What management said about Q2 FY2026, from the documents filed with the SEC on 4 August 2026: press release. The quarter’s numbers.
Key takeaways
- Quarter net sales higher: The company reported net sales of $2,922 million for the three months ended July 4, 2026, against $2,480 million for the three months ended June 28, 2025. Source
- Quarter operating income higher: Operating income for the three months ended July 4, 2026 was $100 million, against $52 million for the three months ended June 28, 2025. Source
- Quarter net earnings higher: Net earnings attributable to Seaboard were $153 million for the quarter, against $102 million for the three months ended June 28, 2025. Source
- Quarter earnings per share higher: Earnings per common share were $159.74 for the three months ended July 4, 2026, against $105.22 for the three months ended June 28, 2025. Source
- Six-month net earnings higher: Net earnings attributable to Seaboard for the six months were $272 million, against $134 million for the six months ended June 28, 2025. Source
- Quarterly dividend of $2.25 declared: The board of directors authorized and declared a quarterly cash dividend of $2.25 per share of common stock, announced in the same release as the earnings figures. Source
Quarter results versus prior year
- Quarter net sales higher: The company reported net sales of $2,922 million for the three months ended July 4, 2026, against $2,480 million for the three months ended June 28, 2025. Source
- Quarter operating income higher: Operating income for the three months ended July 4, 2026 was $100 million, against $52 million for the three months ended June 28, 2025. Source
- Quarter net earnings higher: Net earnings attributable to Seaboard were $153 million for the quarter, against $102 million for the three months ended June 28, 2025. Source
Quarter per-share and share count
- Quarter earnings per share higher: Earnings per common share were $159.74 for the three months ended July 4, 2026, against $105.22 for the three months ended June 28, 2025. Source
- Quarter average share count lower: Average shares outstanding were 957,794 for the three months ended July 4, 2026, against 969,427 for the three months ended June 28, 2025. Source
- Six-month average share count lower: Average shares outstanding were 957,794 for the six months ended July 4, 2026, against 970,228 for the six months ended June 28, 2025. Source
Six-month results
- Six-month net sales higher: Net sales for the six months ended July 4, 2026 were $5,322 million, against $4,796 million for the six months ended June 28, 2025. Source
- Six-month operating income higher: Operating income for the six months ended July 4, 2026 was $196 million, compared with $90 million for the six months ended June 28, 2025. Source
- Six-month net earnings higher: Net earnings attributable to Seaboard for the six months were $272 million, against $134 million for the six months ended June 28, 2025. Source
- Six-month earnings per share higher: Earnings per common share for the six months ended July 4, 2026 were $283.99, against $138.11 for the six months ended June 28, 2025. Source
First-quarter comparison
- First-quarter sales and operating income: Net sales were $2,400 million and operating income $96 million for the three months ended April 4, 2026, against $2,316 million and $38 million for the three months ended March 29, 2025.
- First-quarter earnings and per share: Net earnings attributable to Seaboard were $119 million, against $32 million, and earnings per common share $124.24, against $32.95, for the three months ended April 4, 2026.
- First-quarter average share count: Average shares outstanding were 957,794 for the three months ended April 4, 2026, against 971,055 for the three months ended March 29, 2025.
Dividends declared
- Quarterly dividend of $2.25 declared: The board of directors authorized and declared a quarterly cash dividend of $2.25 per share of common stock, announced in the same release as the earnings figures. Source
- Six-month dividends at $4.50: Dividends declared per common share were $4.50 for the six months ended July 4, 2026 and $4.50 for the six months ended June 28, 2025. Source
- Prior release declared same dividend: The release for the three months ended April 4, 2026 also declared a quarterly cash dividend of $2.25 per share of common stock.
Filing and report scope
- Form 10-Q filed with SEC: The company filed its Quarterly Report on Form 10-Q with the United States Securities and Exchange Commission on the date of the release. Source
- Report covers three and six months: The statements cover the three and six months ended July 4, 2026, with comparatives for the three and six months ended June 28, 2025, stated in millions of dollars except share and per share amounts. Source
- 10-Q available on company website: The company has provided access to the Form 10-Q on its investor website, at the address given in the release. Source
Coming up, as management said on 4 August 2026
- Dividend payable August 24: The $2.25 per share dividend is payable on August 24, 2026, to stockholders of record at the close of business on August 14, 2026. Source
Other quarters
Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.