Bunge Shares Tumble Over 6% After Q2 Miss; CEO Highlights Strategic Moves Amid Cash Flow Concerns
Bunge Shares Tumble Over 6% After Q2 Miss; CEO Highlights Strategic Moves Amid Cash Flow Concerns
While Refined and Specialty Oils performed well, results were down compared to a strong previous year, it said in a press release.Bunge Limited (NYSE:BG) shares are trading lower after releasing results for the second quarter.
邦吉有限公司（纽约证券交易所代码：BG）在公布第二季度业绩后股价走低。
The company reported adjusted earnings per share of $1.73, missing the analyst consensus of $1.80. Second-quarter sales of $13.24 billion missed the street view of $14.27 billion.
该公司报告调整后的每股收益为1.73美元，未达到分析师共识的1.80美元。第二季度销售额为132.4亿美元，低于142.7亿美元的街景。
Bunge's second-quarter results showed lower Agribusiness performance due to a more balanced global supply environment.
邦吉第二季度的业绩显示，由于全球供应环境更加平衡，农业综合企业的业绩有所下降。
While Refined and Specialty Oils performed well, results were down compared to a strong previous year, it said in a press release.
该公司在一份新闻稿中表示，尽管精炼油和特种油表现良好，但与去年的强劲表现相比有所下降。
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The company added that it made "excellent progress" on Viterra integration planning and other strategic priorities, including the announced sale of its interest in the sugar and bioenergy joint venture.
该公司补充说，它在Viterra整合规划和其他战略优先事项方面取得了 “卓越的进展”，包括宣布出售其在糖业和生物能源合资企业中的权益。
Greg Heckman, Bunge's Chief Executive Officer, commented, "Our team delivered solid results for the second quarter while also moving forward on a range of strategic priorities, including announcing the sale of our interest in the BP Bunge Bioenergia joint venture."
邦吉首席执行官格雷格·赫克曼评论说：“我们的团队在第二季度取得了稳健的业绩，同时还推进了一系列战略优先事项，包括宣布出售我们在英国石油邦吉生物能源合资企业的权益。”
Cash used for operations in the six months ended June was $480 million compared to cash provided of $472 million in the same period last year.
截至6月的六个月中，用于运营的现金为4.8亿美元，而去年同期提供的现金为4.72亿美元。
The reduction of cash from operations was primarily driven by lower reported net income and net changes in working capital.
运营现金减少的主要原因是报告的净收入减少和营运资金的净变化。
Bunge exited the quarter with cash and equivalents worth $1.161 billion. Total inventories totaled $8.057 billion.
邦吉带着价值11.61亿美元的现金及等价物退出了本季度。总库存总额为80.57亿美元。
As of the quarter-end, the company's long-term debt pegged at $4.086 billion.
截至季度末，该公司的长期债务为40.86亿美元。
"Current market conditions have improved in some regions, but we continue to have limited visibility into the latter part of the year," Heckman added.
赫克曼补充说：“某些地区目前的市场状况有所改善，但到今年下半年，我们的知名度仍然有限。”
Outlook Raised: Bunge added that taking into account first-half results, the current margin environment, and forward curves, the company sees full-year 2024 adjusted EPS of approximately $9.25 versus the $9.46 estimate (prior view: $9).
展望提高：邦吉补充说，考虑到上半年的业绩、当前的利润环境和远期曲线，该公司预计2024年全年调整后的每股收益约为9.25美元，而预期为9.46美元（先前观点：9美元）。
Price Action: BG shares are trading lower by 6.61% to $106.98 premarket at last check Wednesday.
价格走势：周三最后一次盘前检查时，BG股价下跌6.61％，至106.98美元。
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