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Bunge Global SA (NYSE: BG) is a leading global agribusiness and food company, with a strong presence in over 40 countries and employing approximately 35,000 people. Founded in 1818 and headquartered in White Plains, New York, Bunge operates at every stage of the food production chain. The company specializes in buying, selling, storing, and transporting oilseeds and grains to meet the needs of customers worldwide.
Bunge processes oilseeds to produce protein meal for animal feed and edible oil products for both commercial customers and consumers. The company is also engaged in the production of sugar and ethanol from sugarcane, as well as milling wheat, corn, and rice to create ingredients for food companies. Additionally, Bunge is a significant seller of fertilizer in South America.
The company operates through several segments, including Agribusiness, Refined and Specialty Oils, Milling, Sugar and Bioenergy, and Corporate and Other. The Agribusiness segment generates the majority of Bunge's revenue and includes activities related to oilseed and grain processing. By leveraging its extensive global network and state-of-the-art facilities, Bunge ensures the efficient transportation and processing of agricultural commodities.
In recent developments, Bunge has partnered with ag-tech start-up WeedOut, Ltd., through its investment arm, Bunge Ventures. WeedOut specializes in developing green solutions to combat herbicide-resistant weeds, an issue posing a significant threat to agriculture and food security worldwide. This collaboration aims to enhance crop yields and reduce reliance on chemical herbicides.
With a commitment to sustainability and innovation, Bunge continues to play a crucial role in connecting farmers to consumers, delivering essential food, feed, and fuel to a growing global population.
Bunge Limited (NYSE: BG) has successfully finalized the sale of 35 U.S. interior elevators to Zen-Noh Grain Corporation. This transaction marks a strategic move to streamline operations and enhance efficiency. Bunge, a leader in oilseed processing and plant-based oils, is dedicated to connecting farmers with consumers while promoting sustainability and global food security. The company's extensive experience and global presence, with over 23,000 employees across more than 350 facilities worldwide, underline its commitment to quality and innovation in the food industry.
Bunge Limited (NYSE: BG) will announce its Q2 2021 results on July 28, 2021, before market opening. Management will host a conference call at 7:00 a.m. CT to discuss the results, supported by a slide presentation available on www.bunge.com. To participate in the call, dial 1-844-735-3666 (U.S.) or 1-412-317-5706 (international). A replay will be available from July 28 through August 28, 2021. Bunge is a leader in oilseed processing and aims to enhance global food security and sustainability through its extensive operations across more than 40 countries.
Bunge Limited (NYSE:BG) announced that CEO Greg Heckman will speak at the BMO Capital Markets 16th Annual Farm to Market Conference on May 19 at 12:40 EDT. Investors can access the live webcast via Bunge's official website in the 'Events and Presentations' section. Bunge is a leader in oilseed processing, focused on connecting farmers to consumers, enhancing sustainability, and strengthening global food security. The company operates over 350 facilities globally, employing over 23,000 people.
Bunge Limited (NYSE:BG) has priced a public offering of $1 billion of 2.750% senior notes due 2031 through its finance subsidiary, Bunge Limited Finance Corp. The offering, registered with the U.S. SEC, is expected to close on May 14, 2021, pending customary conditions. The proceeds will be utilized for general corporate purposes, including repayment of short-term debt. Major financial institutions are involved as joint book-running managers and senior co-managers for this offering.
Bunge has partnered with Target to create Vector, a new company focusing on digitizing truck freight services in Brazil. This initiative aims to enhance logistics efficiency and reduce costs. The Vector app, which has been instrumental in Bunge's operations, has digitized nearly all freight contracting processes, accounting for 97% of Bunge's road transport volume. It has registered 48,000 truck drivers and organized 557,000 trips, facilitating $480 million in freight payments. Vector's platform uniquely integrates with shippers’ systems to streamline scheduling and documentation.
Bunge Limited (NYSE: BG) has declared a quarterly cash dividend of $0.525 per share, reflecting a 5% increase. This dividend is payable on September 2, 2021, to shareholders of record as of August 19, 2021.
Additionally, a dividend of $1.21875 per share has been declared for its 4.875% cumulative convertible perpetual preference shares, payable on September 1, 2021, to shareholders of record on August 15, 2021.
Bunge Limited (NYSE:BG) reported a stellar Q1 2021, with GAAP EPS of $5.52, a significant improvement from $(1.46) in the previous year. Adjusted EPS rose to $3.13 from $0.91. The company's net income was $831 million, up from a $(184 million) loss in 2020. Bunge also increased its full-year adjusted EPS outlook to approximately $7.50, driven by robust demand and a focus on customer needs. The quarterly dividend was raised by 5% to $0.525 per share. Strong performance in Agribusiness and Refined Oils bolstered the results.
Bunge Limited (NYSE:BG) has announced changes to its segment reporting, effective Q1 2021, to align with its new operating structure. Key changes include the elimination of the fertilizer segment, which is now part of Agribusiness, and a reorganization of grains and oilseeds operations into processing and merchandising categories. These adjustments reflect how the CEO assesses financial information for resource allocation. Notably, these changes do not affect previously reported financial statements. Financial data from 2020 has been recast to reflect the new structure.
Bunge Limited (NYSE: BG) will hold its Annual General Meeting (AGM) of Shareholders on May 5, 2021, at 11:00 a.m. Central Time. The AGM will be virtual-only, accessible via live audio webcast to ensure safety. Shareholders can vote and submit questions online using their control number from proxy materials. The record date for voting eligibility was March 8, 2021. Bunge emphasizes the importance of early voting for all shareholders, regardless of attendance plans.
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