Bunge raises 2024 EPS guidance amid Viterra integration

Bunge Limited raised its full-year 2024 adjusted earnings per share (EPS) guidance to a range of $9.25 to $9.75, citing progress in integrating its $35 billion Viterra acquisition and improved operational efficiency. The company’s grain merchandising business normalized earnings at about $800 million annually, while long-term targets for 2030 include a $13 baseline run-rate and a $15 normalized earnings figure, driven by excess cash flow and strategic investments. Integration efforts are ahead of schedule, with cost synergies exceeding $200 million by year-end 2025, including $190 million in current-year P&L realization and an additional $100-plus million beyond initial projections. Synergies were expanded from a four-year $250 million target to $350 million, reflecting accelerated execution.