Bunge lowers FY25 adjusted EPS view to $7.30-$7.60 from $7.75

Bunge (BG) Global announced that it has changed its segment and volume reporting to align with the Company’s value chain operating structure following the completion of Bunge’s combination with Viterra. The Company has also recast its full-year 2025 outlook to reflect the combined company. Beginning with the third quarter 2025, Bunge will present reportable segment results as follows: Soybean Processing and Refining; Softseed Processing and Refining; Other Oilseeds Processing and Refining; Grain Merchandising and Milling. Bunge will also continue to report Corporate and Other results. The changes in segment reporting are primarily a result of the realignment of oilseeds operations into oilseeds processing and refining by commodity type and combining grain merchandising and milling operations into one reportable segment. Bunge’s previous FY25 adjusted EPS outlook of $7.75 provided on its Q2 earnings call excluded the impact of its combination with Viterra, which closed on July 2. The Company has recast its outlook to reflect the combination with Viterra, including shares issued as part of the transaction less shares repurchased through the third quarter. Taking into account the current margin and macro environment and forward curves as well as estimated Q3 results, Bunge expects FY25 adjusted EPS $7.30-$7.60, which reflects an expected second half adjusted EPS in the range of $4.00 to $4.25.