May 6, 2020

Bunge Reports First Quarter 2020 Results

St. Louis, MO - May 6, 2020 - Bunge Limited (NYSE:BG) today reported first quarter 2020 results.

  • Q1 GAAP EPS of $(1.46) vs. $0.26 in the prior year; $(1.34) vs. $0.36 on an adjusted basis
  • Agribusiness executed well; results impacted by approximately $385 million of temporary mark-to-market losses on forward hedges
  • Strong quarter in Edible Oils; results impacted by timing differences
  • Progress on portfolio optimization with the announcement to sell 35 US grain elevators
  • Implemented additional safety measures in response to COVID-19
  • Maintaining strong liquidity position and durable balance sheet

Read the full press release.

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