Bunge Q4 Earnings Beat Estimates; Provides Upbeat FY22 Outlook

Bunge Ltd BG reported fourth-quarter FY21 sales growth of 32.3% year-on-year, to $16.68 billion, beating the analyst consensus of $13.61 billion.
Net sales from the Agribusiness segment improved 30.4% to $12.32 billion, and Refined & Specialty Oils rose 38.6% to $3.8 billion.
The gross profit declined 23.8% Y/Y to $689 million.
Total segment EBIT amounted to $332 million, down 53.5% Y/Y.
The company held $905 million in cash and equivalents as of December 31, 2021.
Adjusted EPS of $3.49 beat the analyst consensus of $2.55.
"With focus and discipline, we capitalized on changing market conditions, achieved a number of operational milestones, made investments in key growth areas, and advanced toward ESG goals," said CEO Greg Heckman.
Outlook: Bunge sees FY22 adjusted EPS of at least $9.50 versus the consensus of $8.58.
The company expects favorable market environment to continue in 2022.
Price action: BG shares are trading higher by 0.04% at $101.00 in premarket on the last check Wednesday.

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