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. ...

Merger Approval and Terms - The merger between Bunge and Viterra was announced in June 2023 and unanimously approved by both boards of directors [1] - Bunge's shareholders approved the merger in October 2023, including the issuance of 65,611,831 common shares and the relocation of the parent company from Bermuda to Switzerland [1] - The Canadian government approved the merger with conditions to protect competition, encourage investment, and secure economic benefits for Canada [10] - The merged entity will be one of the world's largest agribusiness companies worth $34 billion, including debt, with the merger expected to close in early 2025 [10] Conditions and Divestitures - Bunge must divest six grain elevators in Western Canada to maintain competitive options for farmers [7] - The company is required to invest at least $520 million in Canada within the next five years [7] - Strict controls are imposed on Bunge's minority stake in G3 to prevent influence over G3's pricing or investment decisions [7] - A price protection program will be implemented for canola oil purchasers in Central and Atlantic Canada to ensure fair pricing and market stability [2] - Viterra's head office must remain in Regina for at least five years to protect Canadian jobs [2] Financial and Operational Impact - The merger is expected to generate $250 million in annual gross pre-tax operational synergies within the first three years [12] - The transaction is anticipated to be accretive to Bunge's adjusted earnings per share in the first full year post-closing, with further improvements as synergies are realized [12] - Bunge's shares have lost 14% over the past year, underperforming the industry's 1.7% growth [3] Market and Competitive Concerns - The Canadian Competition Bureau identified localized concerns regarding canola purchases in Nipawin, SK, and Altona, MB, as well as canola oil sales to a small segment of customers in Eastern Canada [14] - The Bureau concluded that there are no specific competition concerns for grain purchasing in Eastern Canada and most of Western Canada, or for the sale of the majority of downstream refined and specialty oil products [4] Strategic Benefits of the Merger - The merged entity will have an enhanced global network with a diversified agriculture portfolio covering all major crops [5] - The combination of complementary assets and distribution networks will connect major production regions to areas of fastest-growing demand, improving geographical balance and adaptability of global value chains [5] - The merger will enhance Bunge's innovation capabilities, addressing food security, market access for farmers, and sustainable food, feed, and renewable fuel production [15] - Significant incremental network synergies are expected from joint commercial excellence opportunities, vertical integration efficiencies, and improved logistics optimization [15] Stock Performance and Alternatives - Bunge currently carries a Zacks Rank 4 (Sell) [6] - Better-ranked stocks in the basic materials space include Carpenter Technology Corporation (Zacks Rank 1), International Paper Company (Zacks Rank 1), and Fortuna Mining Corp. (Zacks Rank 2) [6] - Carpenter Technology's shares have surged 198.5% in the past year, with a Zacks Consensus Estimate for fiscal 2025 earnings of $6.77 per share, indicating 42.8% year-over-year growth [16] - International Paper's shares have gained 49% in the past year, with a Zacks Consensus Estimate for 2025 earnings of $3.02 per share, reflecting a 156% year-over-year increase [16] - Fortuna Mining's shares have risen 24% in the past year, with a Zacks Consensus Estimate for 2025 earnings of 56 cents per share, indicating a 17.7% year-over-year rise [13]

Disclosure and Ownership - The author holds a beneficial long position in shares of YARIY and UPMKF through stock ownership, options, or other derivatives [1] - The author owns European/Scandinavian tickers (not ADRs) of all European/Scandinavian companies mentioned in the articles [2] - The author owns Canadian tickers of all Canadian stocks discussed in the articles [2] Investment Considerations - Investing in European/Non-US stocks involves withholding tax risks specific to the company's domicile and the investor's personal situation [2] - Investors should consult a tax professional regarding the impact of dividend withholding taxes and potential mitigation strategies [2] General Disclaimer - The article is not financial advice, and the author is not a CFA or licensed to provide financial advice [2] - Investors are expected to conduct their own due diligence and research before making any investment decisions [2] - Short-term trading, options trading, and futures trading are considered high-risk investment styles and may not be suitable for investors with limited capital or experience [2]

Last year, I covered the agricultural commodity giant Archer-Daniels-Midland (NYSE: ADM ) in " Archer-Daniels-Midland: The Global Food Supply Chain May Remain Tumultuous. " My outlook was neutral, seeing that although its valuation was low and could grow long-term, it faced notableHarrison is a financial analyst who has been writing on Seeking Alpha since 2018 and has closely followed the market for over a decade. He has professional experience in the private equity, real estate, and economic research indus ...