Bunge SA(US:BG) Benzinga·2026-02-04 14:26Core Viewpoint - Bunge Limited reported strong quarterly results but provided a softer profit outlook for the upcoming year, leading to a decline in stock price during premarket trading [1] Segment Performance - Soybean Processing and Refining: Quarterly net sales reached $11.045 billion, up from $8.374 billion year-over-year, driven by improved results in Argentina and Brazil [2] - Softseed Processing and Refining: Net sales increased to $4.545 billion from $1.808 billion a year ago, attributed to higher processing margins and the integration of Viterra's assets [3] - Other Oilseeds Processing and Refining: Net sales remained stable at $1.191 billion year-over-year [3] - Grain Merchandising and Milling: Net sales rose to $6.982 billion from $2.242 billion a year ago [3] Quarterly Metrics - Gross profit for the quarter was $1.011 billion, down from $1.081 billion a year ago [4] - Adjusted Total EBIT increased to $622 million from $445 million year-over-year, with growth across all segments [4] - Cash and equivalents at the end of the quarter totaled $1.135 billion, a decrease from $3.311 billion a year ago [4] Cash Flow - Cash provided by operations was $844 million, down from $1,900 million in the previous year, primarily due to lower net income and changes in working capital [5] Outlook - For fiscal 2026, Bunge expects adjusted earnings of $7.50 to $8.00 per share, below the analyst estimate of $8.71 [6] - The company anticipates an adjusted effective tax rate of 23%-27% and net interest expense of $575 million-$625 million for 2026 [7] - Capital expenditures are forecasted to be between $1.5 billion and $1.7 billion, with depreciation and amortization around $975 million [7]