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Bunge Ltd (BG.N)

BG.N on New York Stock Exchange

79.63USD
21 Jul 2017
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Latest Key Developments (Source: Significant Developments)

Bunge details $250 mln competitiveness program
Wednesday, 19 Jul 2017 04:01pm EDT 

July 19 (Reuters) - Bunge Ltd ::Bunge details $250 million competitiveness program and provides update on second quarter performance.Bunge ltd - company will be reducing its 2018 total capex spend from a previously announced $750 million to $650 million..Bunge ltd - ‍company expects competitiveness program to provide modest benefits to 2017 earnings​.Bunge ltd - ‍approximately $100 million of savings are anticipated to be realized in 2018 and $180 million in 2019​.Bunge ltd - ‍program, which has been discussed over past several quarters, will reduce overhead costs by approximately $250 million once fully implemented​.Bunge ltd - ‍expects q2 2017 adjusted earnings to be modestly profitable.Bunge - ‍program to rationalize bunge's cost structure and reengineer way it operates, reducing overhead costs by about $250 million once fully implemented​.Bunge ltd - expects total non-recurring charges associated with program to be 0.8-1.2x of targeted savings, most of which are expected to be cash charges spread over next 2-1/2 yrs.Bunge ltd - ‍"market conditions during q2 were challenging, driven by unprecedented farmer retention in south america"​.Bunge ltd - ‍announced that it expects q2 2017 adjusted earnings to be modestly profitable, but below low end of range of analyst estimates​.  Full Article

Bunge increase in regular quarterly common share cash dividend
Wednesday, 24 May 2017 04:30pm EDT 

May 24 (Reuters) - Bunge Ltd :Bunge Ltd says quarterly cash dividend of $1.21875per share on its 4.875% cumulative convertible perpetual preference shares .Bunge Limited increases quarterly dividend on common shares and declares dividends on preference shares.Bunge Ltd - increase in company's regular quarterly common share cash dividend, from $0.42 to $0.46 per share.  Full Article

Bunge says not engaged in business combination discussions with Glencore Agriculture or Glencore
Tuesday, 23 May 2017 08:13pm EDT 

May 23 (Reuters) - Bunge Ltd :Bunge issues statement.Not engaged in business combination discussions with Glencore Agriculture limited or Glencore Plc.Committed to continuing to execute its global agri-foods strategy and pursuing opportunities for driving growth and value creation.  Full Article

Bunge Q1 adjusted EPS from cont ops $0.35
Wednesday, 3 May 2017 06:00am EDT 

May 3 (Reuters) - Bunge Ltd ::Bunge reports first quarter 2017 results.Q1 GAAP earnings per share $0.31.Q1 earnings per share view $0.70 -- Thomson Reuters I/B/E/S.Q1 net sales $11,121 million versus $8,916 million.Expect solid earnings growth in 2017.Agribusiness impacted by delayed farmer selling in quarter.Qtrly adjusted earnings per share from continuing operations $0.35.In agribusiness, expect improvement in 2017 from last year's results.Slow pace of farmer selling in South America "compressed margins" in agribusiness and led to a lower than expected Q1.Q1 revenue view $8.90 billion -- Thomson Reuters I/B/E/S."In oilseeds, product demand is strong and in line with our long term projections".In food & ingredients, expect edible oils to continue to show strong year-over-year improvement in 2017 on higher volumes and margins.Sees year-over-year earnings growth in 2017, although below company's prior expectations.In fertilizer, expect 2017 EBIT of approximately $25 million.Delivered $22 million of cost savings in q1 and are on track to achieve $100 million of benefits in 2017.Have reduced expected capex spend by $50 million to a range of $700 million to $750 million in 2017.Higher oilseed processing results in China, due to improved margins and volumes, offset lower crush results in U.S. for agribusiness in quarter.Adjusting full-year 2017 EBIT range for agribusiness to $800 million to $925 million, weighted to second half of year.  Full Article

Bunge declares quarterly cash dividend of $0.42 per share
Wednesday, 8 Mar 2017 04:24pm EST 

Bunge Ltd :Bunge Ltd - board of directors has declared a regular quarterly cash dividend of $0.42 per common share.  Full Article

Bahri, Bunge to form ocean freight joint venture
Wednesday, 22 Feb 2017 12:01am EST 

Bunge Ltd : Bahri and Bunge to form ocean freight joint venture . JV will operate under name Bunge Bahri Dry Bulk Ltd. . Financial terms of agreements were not disclosed . company plans to ship over 5 million metric tons in year one, ramping up volume over time to double-digit figures . Joint venture will be financed pro rata by bdb and bunge . BDB and Bunge will own 60/40% of JV respectively, and it will be registered and based in Dubai .JV will charter, commercially operate Supramax / Panamax initially from fleet currently owned/managed by BDB & subsequently from 3rd parties.  Full Article

Bunge reports Q4 earnings per share $1.83
Wednesday, 15 Feb 2017 06:00am EST 

Bunge Ltd - : Continue to expect strong earnings growth in 2017 . Bunge reports fourth quarter 2016 results . Q4 gaap earnings per share $1.83 . Q4 earnings per share view $1.57 -- Thomson Reuters I/B/E/S . Will also continue to drive our performance improvement programs, expecting $100 million of incremental benefits in 2017 . Quarterly adjusted earnings per share from continuing operations $1.70 . We enter 2017 with confidence and expect strong growth in earnings . "After disappointing crops in South America last year, region is on track to produce record harvests this season" . "Global soybean processing margins, which were under pressure during most of 2016, are improving" . Full-year 2017 outlook remains largely consistent with assumptions that provided at december investor day . Quarterly agribusiness results decreased from last year, primarily due to lower results in soy processing operations . Says expects capital expenditures of $750 to $800 million for 2017 . Q4 net sales $12,059 million versus $11,105 million .Q4 revenue view $11.41 billion -- Thomson Reuters I/B/E/S.  Full Article

Bunge plans to improve soybean processing footprint in the Eastern Corn Belt
Monday, 9 Jan 2017 04:15pm EST 

Bunge Ltd : Bunge plans to improve soybean processing footprint in the eastern corn belt . Locations in Ohio and Indiana are under final consideration for new facility . Bunge north America- Plan includes building Bunge's first new processing plant in U.S. In fifteen years ."see need to improve our asset footprint in eastern U.S., a key market".  Full Article

Bunge has declared a regular quarterly cash dividend of $0.42 per common share
Thursday, 8 Dec 2016 04:30pm EST 

Bunge Ltd :Bunge Ltd - has declared a regular quarterly cash dividend of $0.42 per common share..  Full Article

Bunge to acquire controlling interest in Grupo Minsa's corn milling business
Tuesday, 30 Aug 2016 04:15pm EDT 

Bunge Ltd : Bunge to acquire controlling interest in Grupo Minsa's corn milling business . As part of transaction, Bunge will take management control of four mills in Mexico and two mills in United States . Bunge North America reached a subscription agreement to invest in Grupo Minsa S.A.B. De C.V. . Facilities being acquired have a combined annual processing capacity of 700,000 metric tons .Bunge was advised by Rothschild.  Full Article

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Glencore in talks with Canadian pension fund on royalties JV: sources

LONDON/VANCOUVER Mining giant Glencore Plc is working with a Canadian pension fund to create a standalone 50:50 joint venture for its portfolio of royalty assets, two sources with knowledge with the matter said on Friday.