St. Louis, MO - July 29, 2020 - Bunge Limited (NYSE:BG) today reported second quarter 2020 results.
- Q2 GAAP EPS of $3.47 vs. $1.43 in the prior year; $3.88 vs. $1.52 on an adjusted basis
- Core Agribusiness and Food & Ingredients businesses generated strong results
- Agribusiness earnings improved on excellent execution; results also benefited from ~$380 million of timing differences related to expected Q1 reversals and new mark-to-market gains
- Edible Oils performed better than expected
- Increasing full-year earnings outlook to reflect better than expected Q2