Oct 30, 2019

Bunge Reports Third Quarter 2019 Results

White Plains, NY - October 30, 2019 - Bunge Limited (NYSE:BG)

  • Q3 GAAP EPS of $(10.57) vs. $2.39 in the prior year; $1.41 vs. $2.52 on an adjusted basis
  • Results included ~$1.7 billion of charges related to portfolio initiatives, primarily the formation of the joint venture for the Brazilian Sugar & Bioenergy business
  • Agribusiness managed challenging markets well and benefited from approximately $25 million of net mark-to-market gains, which included $95 million of new gains on forward soy crush margin contraction
  • Food & Ingredients performed well, driven by strength in Edible Oils
  • Progress continues on streamlining global business structure

Read the full press release.

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