Bunge Limited ( (BG) ) has released its Q4 earnings. Here is a breakdown of the information Bunge Limited presented to its investors.
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Bunge Limited is a leading global agribusiness and food company specializing in oilseed processing and the production and supply of specialty plant-based oils and fats, with headquarters in St. Louis, Missouri, and operations spanning over 40 countries.
In its latest earnings report, Bunge Limited revealed a significant drop in both fourth quarter and full-year earnings for 2024 compared to the previous year. The company achieved a full-year GAAP diluted EPS of $7.99, down from $14.87 in 2023, with adjusted earnings also seeing a decline. Despite the financial setbacks, Bunge made considerable progress in strategic areas, including the regulatory processes for its Viterra and CJ Selecta transactions, along with substantial share repurchases.
Key financial highlights for 2024 included a core segment EBIT of $2,171 million, a decrease from $3,717 million in 2023. The agribusiness segment experienced reduced processing results despite stronger merchandising performance. The Refined and Specialty Oils segment faced challenges in North America due to supply-demand balance and biofuel policy uncertainties. Bunge also completed the sale of its interest in a sugar and bioenergy joint venture, contributing to a gain in the non-core segment.
Looking ahead, Bunge’s management remains cautiously optimistic, with expectations of adjusted EPS for 2025 to be approximately $7.75. The company anticipates a mixed performance across its segments, with a forecasted decrease in agribusiness and refined oils results, while milling and corporate segments are expected to improve.
