Server: Microsoft-IIS/3.0 Date: Thu, 18 Dec 1997 05:59:26 GMT Content-Type: text/html Accept-Ranges: bytes Last-Modified: Tue, 30 Sep 1997 17:26:49 GMT Content-Length: 7482 First Quarter Earnings Release - April 28/97
 
1st Quarter Earnings Release
April 28, 1997

Shawnee Mission, Kansas

The following is a report of earnings for Seaboard Corporation (9000 West 67th Street, Shawnee Mission, Kansas 66202) for the three months ended March 31, 1997, and for the twelve weeks ended March 23, 1996, in thousands of dollars except per share amounts. In 1997, the Company changed its quarters to four three-month quarters from three twelve-week periods and one sixteen-week period.

    First Quarter Ended
  March31 March 23
  1997 1996
Net sales $400,180 $297,631
Earnings (loss) before cumulative effect of a change in accounting principle $5,336 $(10,712)
Cumulative effect of changing the accounting for inventories -0- 3,006
Net earnings (loss) $5,336 $(7,706)
Earnings (loss) per common share on 1,487,520 shares:    
Earnings (loss) before cumulative effect of a change in accounting principle $3.59 $(7.20)
Cumulative effect of changing the accounting for inventories -0- 2.02
Earnings (loss) per common share $3.59 $(5.18)