Oct 31, 2018

Bunge Reports Third Quarter 2018 Results

• Q3 GAAP EPS of $2.39 vs. $0.59 in the prior year; $2.52 vs. $0.75 on an adjusted basis

• Agribusiness results driven by strong soybean crushing margins; includes ~$155 million of new mark-to-market gains on forward soy crushing contracts

• In Food & Ingredients, Milling produced a solid quarter; Edible Oils impacted by oil surplus from strong soy crushing environment

• Global Competitiveness Program expected to deliver full savings a year ahead of schedule; increasing 2018 savings target to $175 million from $150 million

• Expect 2018 full-year EBIT outlook of ~$1.2 billion, ~$600 million higher than prior year, and combined core Agribusiness-Foods ROIC to exceed WACC

Read the full press release.

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