St. Louis, MO - July 31, 2024 - Bunge Global SA (NYSE: BG) today reported second quarter 2024 results
• Q2 GAAP diluted EPS of $0.48 vs. $4.09 in the prior year; $1.73 vs. $3.72 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences
• Lower Agribusiness results reflect a more balanced global supply environment
• Refined and Specialty Oils performed well, but results were down from a strong prior year
• Excellent progress on Viterra integration planning and other strategic priorities including the announced sale of our interest in the sugar & bioenergy joint venture
• Updating adjusted full-year EPS outlook to approximately $9.25
Overview
Greg Heckman, Bunge’s Chief Executive Officer, commented, "Our team delivered solid results for the second quarter while also moving forward on a range of strategic priorities, including announcing the sale of our interest in the BP Bunge Bioenergia joint venture. The integration planning process for Viterra is progressing well and the team is excited about the opportunities that the combination will create for our employees, customers and other important stakeholders.
“Current market conditions have improved in some regions, but we continue to have limited visibility into the latter part of the year. The drivers of long-term demand remain strong and with our global footprint and operating flexibility, we are well-positioned to connect farmers to consumers to deliver essential food, feed and fuel to the world.”
Connecting farmers to consumers to deliver essential food, feed and fuel to the world.
© 2024 Bunge.
