Seaboard Reports $103M Loss

Merriam-based Seaboard Corp. reported a $103 million loss during its most recent quarter, a big drop from the same year-ago period, when the company earned $57 million.

Net sales did rise, hitting about $1.7 billion from $1.5 billion last year.

Regarding COVID-19 impacts, the company report stated: “Other than capital market volatility on short-term investments, the effects of the COVID-19 pandemic were not significant on a consolidated or segment basis to Seaboard Corporation’s first quarter 2020 results. However, the future impact of the COVID-19 pandemic is highly uncertain and cannot be predicted and there is no assurance that the pandemic will not have a material adverse impact on Seaboard Corporation’s future results. The extent of the impact will depend on future developments, including actions taken to contain the pandemic.”