Bunge reports Q4 EPS $3.70, consensus $2.80

Reports Q4 revenue $14.94B, consensus $15.06B. Greg Heckman, Bunge’s CEO, commented, “Our team delivered another outstanding quarter to close out a very strong year for Bunge with significant accomplishments in all aspects of our business. We continued investing in our core capabilities, new growth areas, sustainability and new technology. We also announced the transformational combination with Viterra to further strengthen and diversify our business. And we delivered value to our shareholders in the form of dividends, share repurchases, and overall strong financial performance. I’m proud of the team for executing well on so many fronts against a highly dynamic environment. Looking ahead to 2024, we currently expect a less robust market environment than we have recently experienced. We are confident that the strategic work we have done to make our business more flexible and efficient positions us well to capitalize on emerging opportunities as we serve our customers at both ends of the value chain.”