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Feb. 5, 2025 Source: Bunge news release St. Louis, MO - Bunge Global SA (NYSE: BG) today reported fourth quarter and full-year 2024 results. *Full-year GAAP diluted EPS of $7.99 vs. $14.87 in the prior year; $9.19 vs. $13.66 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences Q4 GAAP diluted EPS of $4.36 vs. $4.18 in the prior year; *$2.13 vs. $3.70 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences *In Agribusiness lower Processing results partially offset by higher Merchandising *Lower Refined and Specialty Oils results primarily driven by North America *In late stages of regulatory processes for Viterra and CJ Selecta *Made substantial progress during FY24 on growth investments and strategic partnerships as well as the divestiture of the sugar & bioenergy joint venture *Repurchased $500 million of shares during Q4, bringing the YTD total to $1.1 billion Overview Greg Heckman, Bunge's Chief Executive Officer, commented, "Our team closed out a year of significant achievements for Bunge. We made great progress on integration planning for our announced combination with Viterra and, having received the vast majority of regulatory approvals, we expect to close the transaction soon. We continued to make productivity improvements from our investments in the business while returning significant capital to shareholders. And we took meaningful steps in sustainability by achieving our 100% traceability and monitoring targets in Brazil. "While we didn't end the year as we expected and our forward visibility is limited by the increased geopolitical uncertainty, we are confident that the work we've done to further strengthen our business will allow us to continue to create value for all stakeholders. We look forward to using our more diverse platform across crops and geographies to connect farmers to consumers to deliver essential food, feed and fuel to the world." To read the entire report click here. Tweet |
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