White Plains, NY - July 31, 2019 - Bunge Limited (NYSE:BG)
- Q2 GAAP EPS of $1.43 vs. $(0.20) in the prior year; $1.52 vs. $0.10 on an adjusted basis
- Results include $135 million net unrealized gain on Bunge Ventures’ stake in Beyond Meat, Inc.
- Agribusiness benefited from approximately $70 million in timing differences in soy crush, along with increased soy crush volumes, partly offset by lower structural margins
- Food & Ingredients largely in-line as strength in Edible Oils offset weakness in Milling
- Achieved major portfolio optimization milestone with announcement of Brazilian sugar JV with BP