Earnings release
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BUNGE Bunge Reports Third Quarter 2021 Results St. Louis , MO - October 27 , 2021 - Bunge Limited ( NYSE : BG ) today reported third quarter 2021 results • Q3 GAAP EPS of $ 4.28 vs. $ 1.84 in the prior year ; $ 3.72 vs. $ 2.47 on an adjusted basis excluding certain gains / charges and mark - to - market timing differences • Strong performances across Bunge's core and non - core operations • Agribusiness results driven by strong execution and better than expected market environment Refined and Specialty Oils performance improved in all regions with particular strength in North America • Announced actions to further improve business portfolio : forming renewable fuel feedstocks JV with Chevron and sale of Mexico wheat mills Repurchased $ 100 million of Bunge common shares completing existing $ 500 million authorization ; Bunge Board authorized new $ 500 million program • Increasing full - year adjusted EPS outlook to at least $ 11.50 based on strong Q3 results and favorable market trends ➤ Overview Greg Heckman , Bunge's Chief Executive Officer , commented , " We delivered a truly exceptional quarter . Our team was nimble , insightful and proactive , effectively managing supply chains , capacity and risk . Our global platform has allowed us to serve our customers - both farmers and end consumers - in today's volatile environment . At the same time , we remain intensely focused on a disciplined and balanced approach to allocating capital to maintain our financial strength , invest in growth opportunities , and return capital to our shareholders . " Looking ahead , we expect the favorable market trends to continue . We are well - positioned to help our customers across the supply chain address the challenges in meeting increasing consumer demand for sustainable food , feed and fuel . " 1