St. Louis, MO - May?6, 2020 - Bunge Limited (NYSE:BG) today reported first quarter 2020 results.
- Q1 GAAP EPS of $(1.46) vs. $0.26 in the prior year; $(1.34) vs. $0.36 on an adjusted basis
- Agribusiness executed well; results impacted by approximately $385 million of temporary mark-to-market losses on forward hedges
- Strong quarter in Edible Oils; results impacted by timing differences
- Progress on portfolio optimization with the announcement to sell 35 US grain elevators
- Implemented additional safety measures in response to COVID-19
- Maintaining strong liquidity position and durable balance sheet