date:May 13, 2013
1,000.
In the companys Sugar segment, operating income totaled $16,541,000, down narrowly from $16,977,000 in the first quarter of fiscal 2012. Seaboard said the decrease primarily reflected lower income from sugar sales as a result of lower volumes of sales and lower sales.
Net sales for the Sugar segment in the first quarter fell 10% to $66,164,000 from $73,619,000.
Overall, Seaboard Corp. net income in the first quarter was $57,454,000, equal to $47.98 per share on the common stock, down 3