SHAWNEE MISSION, Kan., Aug. 8 /PRNewswire-FirstCall/ -- The following is a report of earnings for Seaboard Corporation with offices at 9000 West 67th Street, Shawnee Mission, Kansas 66202, (the "Company"), for the quarters ended June 30, 2007 and July 1, 2006, in thousands of dollars except per share amounts.
Three Months Ended Six Months Ended
June 30, July 1, June 30, July 1,
2007 2006 2007 2006
Net sales $742,219 $688,937 $1,471,367 $1,324,510
Net earnings $42,657 $69,190 $92,012 $120,730
Net earnings
per common
share $33.82 $54.85 $72.95 $95.71
Average number
of shares
outstanding 1,261,367 1,261,367 1,261,367 1,261,367
Notes to Report of Earnings:
Seaboard Corporation today filed its Quarterly Report on Form 10-Q with the United States Securities and Exchange Commission. Seaboard has provided access to this Quarterly Report on Form 10-Q on its website at http://www.seaboardcorp.com/news.
Seaboard Corporation today announced that on August 7, 2007 its Board of Directors authorized Seaboard to repurchase from time to time prior to August 31, 2009 up to $50 million market value of its Common Stock in open market or privately negotiated purchases. The stock repurchase will be funded by cash on hand.
