Bunge Limited: Reports Third Quarter 2022 Results

St. Louis / MO. (bl) Bunge Limited, a leader in agriculture, food and ingredients, reported first quarter 2022 results (one month ago). Overview:

• Q3 GAAP EPS of USD 2.49 versus USD 4.28 in the prior year; USD 3.45 versus USD 3.72 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences
• Strong Agribusiness results in line with last year
• Higher Refined and Specialty Oils results reflecting strength in most regions
• Repurchased USD 200 million of Bunge common shares
• Increasing full-year adjusted EPS outlook to at least USD 13.50 per sharw

Chief Executive Officer Greg Heckman: «Our strong results this quarter demonstrate our team’s outstanding coordination and discipline as well as the flexibility of our global platform in this rapidly changing market. These strengths enabled us to better partner with our customers at both ends of the value chains to deliver innovative and sustainable solutions to consumers around the world. We are also enhancing our capabilities and assets to position Bunge for continued growth.  We are investing in our core oilseed business as well as the growing opportunities in specialty fats and oils, renewable feedstocks and plant-based proteins. We remain confident in our business and our team’s ability to create value for the long term.»

For additional information please read the Company’s PDF file below (133 KB):

20221123-BUNGE-Q3-2022.