Bunge Limited (BG) reported third-quarter net sales of $23.80 billion, exceeding consensus of $23.38 billion, and adjusted EPS of $2.56 versus $2.41 expected. Net income for the quarter reached $318 million.
The company maintained full-year adjusted EPS guidance of $9.25 to $9.75, which brackets the $9.42 consensus estimate. But the real catalyst: Bunge cut full-year net interest expense guidance to $640-$670 million from a prior analyst estimate of $811.5 million—a $141 million swing to the bottom line. That's roughly 15 cents per share of upside at the midpoint, either from better refinancing terms or accelerated debt paydown.
Capital expenditures are projected at $1.5-$1.7 billion for the full year, supporting infrastructure and technology investments across its global agribusiness operations.
