Earnings release
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BUNGE Bunge Reports Second Quarter 2021 Results St. Louis , MO - July 28 , 2021 - Bunge Limited ( NYSE : BG ) today reported second quarter 2021 results Q2 GAAP EPS of $ 2.37 vs. $ 3.47 in the prior year ; $ 2.61 vs. $ 1.88 on an adjusted basis excluding certain gains / charges and mark - to - market timing differences Continued strong Agribusiness execution across the global network ● Outstanding Refined and Specialty Oils results driven by increasing demand and record refining capacity utilization ● Increasing full - year adjusted EPS outlook to at least $ 8.50 based on strong Q2 results ● ● Updating mid - cycle earnings baseline with $ 2 per share increase reflecting structural changes in oilseed market environment and greater execution benefits from new operating model Overview Greg Heckman , Bunge's Chief Executive Officer , commented , " Our team outperformed expectations by effectively navigating global volatility to produce another strong quarter of results . Our industrial , commercial and risk management teams collaborated throughout the value chains , optimizing trade flows and production volumes while reducing unplanned downtime . " With an accelerating structural shift in demand for sustainable food , feed and fuel , Bunge's position in the global agribusiness supply chain provides growing opportunity to partner with customers to meet their needs in this changing environment , " continued Mr. Heckman . " We are proud of our work with farmers and customers to sustainably connect supply and demand , develop innovative products and services and create new plant - based solutions . " 1