Bunge Reports Fourth Quarter and Full-Year 2023 Results
St. Louis, MO - February 7, 2024 - Bunge Global SA (NYSE: BG) today reported fourth quarter and full-year 2023 results.
Full-year GAAP diluted EPS of $14.87 vs. $10.51 in the prior year; $13.66 vs. $13.91 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences
Q4 GAAP diluted EPS of $4.18 vs. $2.21 in the prior year; $3.70 vs. $3.24 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences
Excellent execution across value chains drove strong Q4 and full-year results
Strong cash flow with full-year adjusted funds from operations of ~$2.5B
Substantial progress on the Viterra transaction and other strategic growth initiatives as well as enhancing operational effectiveness in 2023
Greg Heckman, Bunge’s Chief Executive Officer, commented, “Our team delivered another outstanding quarter to close out a very strong year for Bunge with significant accomplishments in all aspects of our business. We continued investing in our core capabilities, new growth areas, sustainability and new technology. We also announced the transformational combination with Viterra to further strengthen and diversify our business. And we delivered value to our shareholders in the form of dividends, share repurchases, and overall strong financial performance. I’m proud of the team for executing well on so many fronts against a highly dynamic environment.
"Looking ahead to 2024, we currently expect a less robust market environment than we have recently experienced. We are confident that the strategic work we have done to make our business more flexible and efficient positions us well to capitalize on emerging opportunities as we serve our customers at both ends of the value chain."