Bunge Limited: Reports Third Quarter 2021 Results

St. Louis / MO. (bl) Bunge Limited, a leader in agriculture, food and ingredients, reported Q3-2021 results.

  • Q3 GAAP EPS of USD 4.28 vs. USD 1.84 in the prior year; USD 3.72 vs. USD 2.47 on an adjusted basis excluding certain gains/charges and mark-to-market timing differences
  • Strong performances across Bunge’s core and non-core operations
  • Agribusiness results driven by strong execution and better than expected market environment
  • Refined and Specialty Oils performance improved in all regions with particular strength in North America
  • Announced actions to further improve business portfolio: forming renewable fuel feedstocks JV with Chevron and sale of Mexico wheat mills
  • Repurchased USD 100 million of Bunge common shares completing existing USD 500 million authorization; Bunge Board authorized new USD 500 million program
  • Increasing full-year adjusted EPS outlook to at least USD 11.50 based on strong Q3 results and favourable market trends

Chief Executive Officer Greg Heckman: «We delivered a truly exceptional quarter. Our team was nimble, insightful and proactive, effectively managing supply chains, capacity and risk. Our global platform has allowed us to serve our customers – both farmers and end consumers – in today’s volatile environment. At the same time, we remain intensely focused on a disciplined and balanced approach to allocating capital to maintain our financial strength, invest in growth opportunities, and return capital to our shareholders. Looking ahead, we expect the favourable market trends to continue. We are well-positioned to help our customers across the supply chain address the challenges in meeting increasing consumer demand for sustainable food, feed and fuel.»

For additional information please read the Company’s PDF file below (154 KB):