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Bunge reaffirms FY25 adjusted EPS $7.75, consensus $7.62

FY25 adjusted EPS outlook excludes the impact of Viterra, which closed on July 2. The company added, “In Agribusiness, full-year results are forecasted to be higher than our previous outlook driven by Processing, but remain down from last year. In Refined and Specialty Oils, full-year results are expected to be down from our previous outlook reflecting the softer Q2 performance and down from last year. In Milling, full-year results are expected to be down from our previous outlook reflecting the sale of corn milling and in line with last year. In Corporate and Other, full-year results are expected to be in line with our previous outlook and more favorable than last year. Additionally, the Company expects the following for 2025: an adjusted annual effective tax rate in the range of 21% to 25%; net interest expense in the lower end of the range of $220M-$250M; capital expenditures in the range of $1.5B-$1.7B; and depreciation and amortization of approximately $490M. We anticipate providing a forecast for the combined company prior to reporting Q3 earnings.”

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