Bunge Global SA (BG) reported fourth-quarter 2024 adjusted earnings of $2.13 per share, which missed the Zacks Consensus Estimate of $2.30 by a margin of 7%. The bottom line marked a 42% year-over-year plunge.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Including one-time items, the company posted earnings per share of $4.36 in fourth-quarter 2024 compared with $4.18 in the year-ago quarter.Bunge Global’s net sales were $13.5 billion, down 9.3% from the year-ago quarter. The top li ...

Financial Data and Key Metrics Changes - Reported fourth-quarter earnings per share (EPS) was $4.36, compared to $4.18 in Q4 2023, reflecting a favorable mark-to-market timing difference of $1.25 per share and a net positive impact of $0.98 per share [15][16] - Adjusted EPS was $2.13 in Q4, down from $3.70 in the prior year [16] - Adjusted core segment earnings before interest and taxes (EBIT) was $548 million, down from $881 million last year [17] - Net interest expense decreased to $62 million, reflecting lower net debt levels and interest rates [20] Business Line Data and Key Metrics Changes - Processing results in Europe and Asia were strong, but lower results were seen in North America and South America, as well as in European softseeds [17] - Higher merchandising results were driven by improved performance in Finance Services, Freight, and Global Grains, offsetting lower results in Global Refined and Specialty Oils [17] - In milling, higher results in North America were offset by lower results in South America [18] Market Data and Key Metrics Changes - The market environment in South America was challenging throughout the year, impacting industry margins [14] - North America experienced a declining margin environment due to biofuel rate uncertainty [14] - The company expects full-year results in agribusiness to be down from last year, with lower results in processing expected to offset improvements in South America [30] Company Strategy and Development Direction - The company is preparing for the close of its business combination with Viterra, which is expected to enhance its capabilities and address global food security needs [7][36] - A partnership to develop lower carbon intensity feedstocks for renewable fuels is in the works, aligning with the company's long-term strategy for decarbonization [9] - The company aims to streamline operations and return capital to shareholders through share repurchases and dividends, having repurchased $1.1 billion of shares in 2024 [11] Management's Comments on Operating Environment and Future Outlook - Management noted that geopolitical uncertainty limits forward visibility, but they expect full-year adjusted EPS to be approximately $7.75 [13][29] - The company anticipates improvements in Brazil's agricultural sector and expects to see stabilization in South America [43] - Management expressed confidence in navigating the complexities of the global environment and emphasized the importance of their global operating model [32][35] Other Important Information - The company completed the sale of its sugar and bioenergy joint venture in Brazil to BP, which streamlined operations and allowed for expanded stock repurchase authorization [10] - The adjusted leverage ratio at year-end was 0.6 times, with readily marketable inventories exceeding net debt by approximately $2.3 billion [25] Q&A Session Summary Question: What are the details behind the 2025 guidance? - Management acknowledged a less visible environment due to trade disruptions and U.S. biofuels uncertainty but noted constructive global oil supply and demand dynamics [40][41] Question: What offsets are expected in merchandising given improvements in South America? - Management indicated that merchandising is conservative and reflects a balanced supply and demand situation globally, with potential challenges for suppliers and consumers [51][52] Question: What is the plan for Viterra post-acquisition? - Management plans to update guidance on the Q1 call after the acquisition closes, focusing on integration and commercial synergies [75][76] Question: Can you provide more details on the regulatory process with China? - Management reported productive discussions with Chinese authorities and emphasized the importance of long-term relationships in the market [82][83] Question: What are the financial implications of the acquisitions? - Management stated that Viterra is expected to be neutral to slightly positive on a pro forma basis after considering synergies and share buybacks, while CJ Selecta is anticipated to contribute significantly to earnings [90][93] Question: How will capital allocation be managed moving forward? - Management confirmed an aggressive approach to share buybacks and noted a revised CapEx estimate for 2025, reflecting project timing and efficiency [96][98]

Bunge Global (NYSE:BG) Q4 2024 Earnings Conference Call February 5, 2025 8:00 AM ET Company Participants Ruth Ann Wisener - Vice President, Investor Relations Greg Heckman - Chief Executive Officer John Neppl - Chief Financial Officer Conference Call Participants Manav Gupta - UBS Heather Jones - Heather Jones Research Tom Palmer - Citi Stephen Hayes - Morgan Stanley Salvatore Tiano - Bank of America Pooran Sharma - Stephens Benjamin Theurer - Barclays Derrick Whitfield - Texas Capital Andrew Strelzik - BMO ...

Bunge Global (BG) reported $13.54 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 9.3%. EPS of $2.13 for the same period compares to $3.70 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $12.8 billion, representing a surprise of +5.80%. The company delivered an EPS surprise of -7.39%, with the consensus EPS estimate being $2.30.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Shares of agribusiness and food company Bunge Global SA BG are trading lower in premarket on Wednesday.Here’s a breakdown of the company’s report: Fourth-quarter FY24 sales declined 9.33% year-on-year to $13.54 billion, missing the analyst consensus estimate of $13.60 billion.Adjusted EPS of $2.13 missed the consensus estimate of $2.24.Net sales from the Agribusiness segment declined 9.5% to $9.9 billion, and Refined & Specialty Oils decreased 7.4% to $3.3 billion.Gross profit improved 13.8% Y/Y to $1.08 bi ...

Bunge Global (BG) came out with quarterly earnings of $2.13 per share, missing the Zacks Consensus Estimate of $2.30 per share. This compares to earnings of $3.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -7.39%. A quarter ago, it was expected that this agribusiness and food company would post earnings of $2.18 per share when it actually produced earnings of $2.29, delivering a surprise of 5.05%.Over the last four quarte ...

February 5, 2025 Q4 2024 Earnings Results Review Q4 and FY24 Highlights and Outlook(1) (1) Refer to discussion of the presentation of full-year projected 2025 financial measures presented on an adjusted, non-GAAP basis within the "Non-GAAP Definitions" section of the appendix. 4 Forward-Looking Statements • Today's presentation includes forward-looking statements that reflect Bunge's current views with respect to future events, financial performance and industry conditions. • These forward-looking statement ...

Financial Performance - Full-year GAAP diluted EPS decreased to $7.99 from $14.87 in the prior year, with adjusted EPS at $9.19 compared to $13.66[4] - Q4 GAAP diluted EPS was $4.36, up from $4.18 in the prior year, while adjusted EPS fell to $2.13 from $3.70[4] - Net income attributable to Bunge for FY24 was $1.137 billion, down from $2.243 billion in FY23[5] - For the year ended December 31, 2024, Bunge reported a net loss of $69 million, compared to a net loss of $173 million in 2023, reflecting an improvement of 60%[46] - Net income attributable to Bunge for Q4 2024 was $602 million, a decrease of 2.3% from $616 million in Q4 2023[67] - The company reported a diluted net income per share of $7.99 for 2024, down from $14.87 in 2023, a decrease of 46.3%[56] Segment Performance - Agribusiness segment net sales for Q4 were $9.909 billion, down from $10.955 billion in Q4 FY23, with segment EBIT at $563 million compared to $835 million[11] - Processing segment EBIT for Q4 was $422 million, significantly lower than $834 million in Q4 FY23, with adjusted EBIT at $241 million versus $593 million[12] - Merchandising segment EBIT increased to $141 million in Q4 from $1 million in the prior year, with adjusted EBIT at $123 million compared to $46 million[13] - Refined & Specialty Oils segment net sales decreased to $3.252 billion in Q4 from $3.513 billion in the prior year, with segment EBIT at $148 million compared to $188 million[14] - Corporate and Other segment reported an EBIT loss of $173 million in Q4, worsening from a loss of $131 million in the prior year[18] - The Agribusiness segment recorded an EBIT loss of $14 million in 2024, compared to a loss of $3 million in 2023, indicating a worsening performance[46] - The Sugar & Bioenergy segment achieved an EBIT of $188 million in 2024, with a gain on the sale of a 50% ownership share in BP Bunge Bioenergia[55] Cash Flow and Operating Activities - Cash provided by operating activities decreased to $1,900 million in 2024 from $3,308 million in 2023, primarily due to lower net income and changes in working capital[23] - Cash provided by operating activities for the year ended December 31, 2024, was $1.9 billion, down from $3.3 billion in 2023[73] - Cash and cash equivalents increased to $3,328 million at the end of 2024, up from $2,623 million at the end of 2023, reflecting a growth of 26.9%[60] Earnings Before Interest and Taxes (EBIT) - Total EBIT for 2024 was $1,792 million, down from $3,333 million in 2023, representing a decrease of 46%[56] - Total EBIT for Q4 2024 was $767 million, down 19.3% from $951 million in Q4 2023[67] - Adjusted Total EBIT for Q4 2024 was $445 million, a decline of 46.8% compared to $837 million in Q4 2023[67] Future Projections - Full-year 2025 adjusted EPS is forecasted to be approximately $7.75, excluding announced acquisitions expected to close during the year[25] - Agribusiness full-year results are expected to decline due to lower processing results, with North America and European softseeds offsetting gains in South America[26] - Capital expenditures for 2025 are projected to be in the range of $1.5 to $1.7 billion[27] Acquisitions and Corporate Actions - Bunge repurchased $500 million of shares in Q4, bringing the total for the year to $1.1 billion[4] - The company is in the late stages of regulatory processes for the acquisition of Viterra and CJ Selecta, expecting to close the transaction soon[4] - Bunge incurred $243 million in acquisition and integration costs in 2024, significantly higher than $158 million in 2023[53] Taxation - The effective income tax rate for the full year was approximately 23%, consistent with the prior year[24] - The Adjusted effective income tax rate for the year ended December 31, 2024, was 23.4%, compared to 22.7% in 2023[73]

Bunge Global SA (BG) is scheduled to report fourth-quarter 2024 results on Feb. 5, before market open.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.The Zacks Consensus Estimate for BG’s fourth-quarter sales is pegged at $12.8 billion, indicating a 14.3% decline from the prior-year quarter’s reported figure.The consensus mark for earnings is pegged at $2.30 per share, indicating a year-over-year plunge of 37.8%. Earnings estimates have been unchanged in the past 30 days.  Image Sourc ...

Bunge Global (BG) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on February 5. ...