Bunge Q2 adjusted EPS $1.73 vs $3.72; GAAP EPS $0.48; cuts FY outlook to ~$9.25

Bunge Global SA

2024-Q2 EPS reported $2.17 revenue$26,658,000,000

Q2 GAAP diluted EPS $0.48 (down 88% vs $4.09); adjusted EPS $1.73 (down 54% vs $3.72).
Core Segment EBIT $361M, down from $1,016M; adjusted Core Segment EBIT $519M vs $893M.
Lower Agribusiness results due to more balanced global supply; Refined & Specialty Oils down YoY.
Announced sale of interest in BP Bunge Bioenergia JV; Viterra integration planning progressing.
Updated FY2024 adjusted EPS outlook to approximately $9.25.

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