Aug 1, 2018

Bunge Reports Second Quarter 2018 Results

• Q2 GAAP EPS of $(0.20); $0.10 on an adjusted basis

• Agribusiness impacted by ~$125 million of new negative mark-to-market on forward soy crushing contracts; positioned for strong second half of the year

• Food & Ingredients slightly higher than last year, driven by improved results in Milling

• Loders Croklaan integration progressing well

• Global Competitiveness Program exceeding expectations; increasing 2018 savings target to $150 million from $100 million

• Maintaining 2018 full-year EBIT outlook of ~$1.3 billion, which would exceed prior year by ~$700 million on the back of strong industry fundamentals

Read the full press release. 

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