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Bunge Global logoBunge Global BG

The company said full-year 2023 GAAP diluted EPS was $14.87, up from $10.51 in the prior year. On an adjusted basis, excluding certain gains and charges and mark-to-market timing differences, EPS was $13.66, down from $13.91 a year earlier.

8-KResults of Operations and Financial ConditionFiled Period of report Summary published (UTC)

Key points

AI summary
  1. The company said full-year 2023 GAAP diluted EPS was $14.87, up from $10.51 in the prior year. On an adjusted basis, excluding certain gains and charges and mark-to-market timing differences, EPS was $13.66, down from $13.91 a year earlier.

  2. Bunge Global said net income attributable to Bunge for Q4 2023 was $616 million, up from $336 million in the same quarter last year. Adjusted Core Segment EBIT for the quarter was $881 million, compared with $804 million a year earlier.

  3. The company said cash provided by operating activities for full-year 2023 was $3,308 million, compared with cash used of $5,549 million in the prior year. Adjusted funds from operations were $2,466 million, compared with $2,357 million a year earlier.

  4. The company said that, taking into account the current margin environment and forward curves, it expects full-year 2024 adjusted EPS of approximately $9.00 per share. The outlook excludes announced and pending acquisitions that are expected to close during the year.

Summary

AI-written

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the opening part of the filing body and confirmed exhibits, within a length limit. This is not a review of other exhibits, investor presentations or the full earnings call.

Full-Year GAAP and Adjusted Diluted EPS

The company said full-year 2023 GAAP diluted EPS was $14.87, up from $10.51 in the prior year. On an adjusted basis, excluding certain gains and charges and mark-to-market timing differences, EPS was $13.66, down from $13.91 a year earlier.

Source · Based on the filing body and exhibits

Q4 Net Income and Adjusted Core Segment EBIT

Bunge Global said net income attributable to Bunge for Q4 2023 was $616 million, up from $336 million in the same quarter last year. Adjusted Core Segment EBIT for the quarter was $881 million, compared with $804 million a year earlier.

Source · Based on the filing body and exhibits

Full-Year Operating Cash Flow and Adjusted FFO

The company said cash provided by operating activities for full-year 2023 was $3,308 million, compared with cash used of $5,549 million in the prior year. Adjusted funds from operations were $2,466 million, compared with $2,357 million a year earlier.

Source · Based on the filing body and exhibits

2024 Full-Year Adjusted EPS Outlook

The company said that, taking into account the current margin environment and forward curves, it expects full-year 2024 adjusted EPS of approximately $9.00 per share. The outlook excludes announced and pending acquisitions that are expected to close during the year.

Source · Based on the filing body and exhibits

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.

Source: SEC EDGAR (U.S. Securities and Exchange Commission). Item captions are the SEC's. The summary is for reference only and is not investment advice.