White Plains, NY - October 30, 2019 - Bunge Limited (NYSE:BG)
- Q3 GAAP EPS of $(10.57) vs. $2.39 in the prior year; $1.41 vs. $2.52 on an adjusted basis
- Results included ~$1.7 billion of charges related to portfolio initiatives, primarily the formation of the joint venture for the Brazilian Sugar &Bioenergy business
- Agribusiness managed challenging markets well and benefited from approximately $25 million of net mark-to-market gains, which included $95 million of new gains on forward soy crush margin contraction
- Food &Ingredients performed well, driven by strength in Edible Oils
- Progress continues on streamlining global business structure
