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
Bunge Limited (NYSE:BG) shares are trading lower after releasing results for the second quarter.
邦吉有限公司（紐交所：BG）發佈第二季度業績後，股價下跌。
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.
該公司報告每股調整後收益爲1.73美元，低於分析師預期的1.8美元。第二季度銷售額爲132.4億美元，低於市場預期的142.7億美元。
Bunge's second-quarter results showed lower Agribusiness performance due to a more balanced global supply environment.
邦吉的第二季度業績表現不佳，原因是全球供應環境更爲平衡。
While Refined and Specialty Oils performed well, results were down compared to a strong previous year, it said in a press release.
它在一份新聞稿中稱，儘管精煉油和特殊油表現良好，但業績仍然低於上一年度的相對強勁表現。
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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.
該公司補充稱，它在維塔拉整合規劃和其他戰略重點方面取得“出色的進展”，其中包括宣佈出售其糖和生物能源合資企業的利益。
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."
邦吉首席執行官格雷格·赫克曼（Greg Heckman）評論說：“在第二季度實現了紮實的業績，同時還在一系列戰略重點方面取得進展，包括宣佈出售我們在BP邦吉生物能源合資企業中的利益。”
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月末的六個月內，該公司經營現金流爲48000萬美元，而去年同期爲正的47200萬美元。
The reduction of cash from operations was primarily driven by lower reported net income and net changes in working capital.
經營活動現金流減少主要是由於報告的淨收益和淨營運資本變動減少。
Bunge exited the quarter with cash and equivalents worth $1.161 billion. Total inventories totaled $8.057 billion.
邦吉的現金及現金等價物價值爲11.61億美元，存貨總額爲80.57億美元。
As of the quarter-end, the company's long-term debt pegged at $4.086 billion.
截至季度末，該公司的長期債務爲40.86億美元。
"Current market conditions have improved in some regions, but we continue to have limited visibility into the latter part of the year," Heckman added.
赫克曼補充說：“某些地區的當前市場情況有所改善，但我們仍然對後半年的情況知之甚少。”
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).
展望上調：邦吉補充說，考慮到上半年業績、當前的利潤率環境和未來曲線，該公司預計全年2024年的調整後每股收益約爲9.25美元，而非原先估計的9.46美元（先前預期爲9美元）。
Price Action: BG shares are trading lower by 6.61% to $106.98 premarket at last check Wednesday.
截至週三最後一個檢查時，BG股價下跌6.61%，至106.98美元。
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