BG Q1 Earnings Beat, Revenues Down Y
Bunge Global SA BG reported first-quarter 2025 adjusted earnings of $1.81 per share, which beat the Zacks Consensus Estimate of $1.27 by a margin of 42.5%. The bottom line, however, marked a 40.5% year-over-year plunge due to weak results across its segments.
Including one-time items, the company posted earnings per share of $1.48 compared with $1.68 in the year-ago quarter.
(Find the latest EPS estimates and surprises on Zacks Earnings Calendar.)
Bunge Global SA Price, Consensus and EPS Surprise
Bunge Global SA Price, Consensus and EPS Surprise
Bunge Global SA price-consensus-eps-surprise-chart | Bunge Global SA Quote
Bunge Global's net sales were $11.6 billion, down 13% from the year-ago quarter. The top line also missed the Zacks Consensus Estimate of $12.8 billion.
Bunge Global's Cost & Margin Performances in Q1
The cost of sales was $11 billion, down 12% from the prior-year quarter. Gross profit plunged 32% year over year to $597 million. Selling and administrative expenses were $380 million, down 13% year over year.
Bunge Global reported an operating profit of $328 million, which marked a 24% decline from $433 million in the year-ago quarter.
Adjusted total segment operating profit slumped 46% year over year to $362 million. Total segment operating margin contracted 190 basis points to 3.1% from the first quarter of 2024.
BG's Segmental Performances in Q1
Agribusiness: The segment's sales declined 16% year over year to $8.2 billion. Volumes were 18,277 thousand metric tons compared with 20,192 thousand metric tons in the year-ago quarter.
Adjusted operating profit for the segment declined 45% year over year to $268 million due to lower results in both merchandising and processing.
The merchandising business' adjusted operating profit was $61 million, marking a 19.7% decline from the year-ago quarter as improved performance in global grains and financial services business was more than offset by lower results in ocean freight.
The processing business' adjusted operating profit plunged 50% year over year to $207 million. Higher results in Brazil, Europe and Asia soy crush value chains were offset by weaker results in North America, Argentina and European softseeds.
Refined & Specialty Oils: The segment's sales fell 4.6% year over year to $3.1 billion. Volumes were 2,130 thousand metric tons compared with 2,195 thousand metric tons in the year-ago quarter.
The segment reported an adjusted operating profit of $123 million, a 39.7% drop from the year-ago quarter's $204 million. This was attributed to lower results across all regions, barring Asia.
Milling: The segment's sales decreased 2% year over year to $375 million. Volumes were up 2.7% year over year to 898 thousand metric tons.
The segment reported an adjusted operating profit of $15 million, marking a 46% decline from the first quarter of 2024. Improved results in North America were offset by lower results in South America.
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