EX-99.1 2 ex99-1a.txt SEABOARD CORPORATION PRESS RELEASE Exhibit 99.1 PRESS RELEASE REPORT OF EARNINGS August 9, 2011 Shawnee Mission, Kansas The following is a report of earnings for Seaboard Corporation (NYSE Amex symbol: SEB) with offices at 9000 West 67th Street, Shawnee Mission, Kansas 66202, (the "Company"), for the three and six months ended July 2, 2011 and July 3, 2010, in thousands of dollars except share and per share amounts. Three Months Ended Six Months Ended July 2, July 3, July 2, July 3, 2011 2010 2011 2010 Net sales $1,398,587 $1,048,463 $2,866,766 $2,068,739 Net earnings attributable to Seaboard $ 113,486 $ 77,604 $ 230,350 $ 140,382 Net earnings per common share $ 93.34 $ 63.21 $ 189.45 $ 114.02 Average number of shares outstanding 1,215,879 1,227,628 1,215,879 1,231,207 Notes to Report of Earnings: Included in net earnings attributable to Seaboard for the three and six months ended July 2, 2011 is a gain on sale of power generating facilities in the amount of $51,423,000, or $42.29 share. There was no tax expense on this transaction. Seaboard Corporation today filed its Quarterly Report on Form 10-Q with the United States Securities and Exchange Commission. Seaboard has provided access to the Quarterly Report on Form 10-Q on its website at http://www.seaboardcorp.com/investor-sec.aspx.