Seaboard Corporation is the majority shareholder in Butterball LLC with 52.5 percent of equity Their subsidiary is ranked as the second largest turkey producer in the U.S.
For fiscal 2023, the turkey segment posted sales of $2,025 million with an operating profit of $182 million. Net profit was $166 million. Butterball LLC posted assets of $1,120 million, with $172 million represented by goodwill and intangibles. Given total liabilities of $408 million the shareholders’ equity is $702 of which $365 million accrues to the majority shareholder.