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![]() Oct. 31, 2024 Source: Bunge news release St. Louis, MO - October 30, 2024 - Bunge Global SA (NYSE: BG) today reported third quarter 2024 results: • Q3 GAAP diluted EPS of $1.56 vs. $2.47 in the prior year; $2.29 vs. $2.99 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences • Solid performances in Agribusiness and Refined and Specialty Oils; however, results were down from the prior year reflecting the current global margin environment • Continued to advance Viterra integration planning and other growth priorities, including closing the sale of the sugar & bioenergy joint venture • Repurchased $200 million of common shares during Q3, bringing the YTD total to $600 million • Adjusted full-year EPS outlook now expected to be at least $9.25 Overview Greg Heckman, Bunge's Chief Executive Officer, commented, "Our team delivered a strong third quarter, staying nimble and leveraging our global platform to capture opportunities against shifting market dynamics around the world. We made progress on key priorities, including closing the sale of the BP Bunge Bioenergia joint venture and delivering value to our shareholders through share repurchases. At the same time, we continued to advance integration planning for our announced combination with Viterra, and have made progress toward the remaining regulatory approvals. "The third quarter has again proven the value of our global footprint, operating model and approach, which underscores the benefit of further diversification across geographies and crops that our combination with Viterra will bring." To read the entire report click here. Tweet |
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