Bunge reports Q2 GAAP EPS of US$1.34, compared to year-ago EPS of US$2.37; higher agribusiness processing results more than offset by lower results in merchandising versus a particularly strong prior year

Sample article from our Agriculture Industry

ST. LOUIS , July 27, 2022 (press release) –

Bunge Limited (NYSE:BG) today reported second quarter 2022 results

  • Q2 GAAP EPS of $1.34 vs. $2.37 in the prior year; $2.97 vs. $2.61 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences
  • In Agribusiness higher Processing results were more than offset by lower results in Merchandising versus a particularly strong prior year
  • Refined and Specialty Oils performance improved in all regions with particular strength in North America and Europe
  • Increasing full-year adjusted EPS outlook to at least $12 per share
  • Introducing earnings framework of ~$11 per share by end of 2026 building on increased earnings baseline of $8.50, plus future investments and share repurchases

Overview

Greg Heckman, Bunge’s Chief Executive Officer, commented, “In the face of significant market shifts, our team successfully delivered another quarter of year-over-year earnings improvement in our core segments.
Our results reflect the adaptability of our business and strength of our operating model.

“Our focus on continuous improvement across everything we do allows us to be agile and to consistently create value in a variety of market environments. We are confident in our ability to successfully navigate
volatility and effectively deploy capital, while continuing to help our customers on both ends of the value chains find solutions to the opportunities and challenges they face.”

Read full press release

* All content is copyrighted by Industry Intelligence, or the original respective author or source. You may not recirculate, redistrubte or publish the analysis and presentation included in the service without Industry Intelligence's prior written consent. Please review our terms of use.

More from our Agriculture Industry Coverage
See our dashboard in action - schedule an demo
Chelsey Quick
Chelsey Quick
- VP Client Success -

We offer built-to-order agriculture industry coverage for our clients. Contact us for a free consultation.

About Us

We deliver market news & information relevant to your business.

We monitor all your market drivers.

We aggregate, curate, filter and map your specific needs.

We deliver the right information to the right person at the right time.

Our Contacts

1990 S Bundy Dr. Suite #380,
Los Angeles, CA 90025

+1 (310) 553 0008

About Cookies On This Site

We collect data, including through use of cookies and similar technology ("cookies") that enchance the online experience. By clicking "I agree", you agree to our cookies, agree to bound by our Terms of Use, and acknowledge our Privacy Policy. For more information on our data practices and how to exercise your privacy rights, please see our Privacy Policy.