🔹 Revenue: $9.17B (Est. $12.06B) 🔴
🔹 Adj. EPS: $1.31 (Est. $1.14) 🟢
🔹 Net Income: $354M
🔹 GAAP EPS: $2.61 (vs. $0.48 YoY); includes gains/charges and mark-to-market
Guidance:
🔹 Reaffirms FY25 Adj. EPS: ~$7.75 (Est. $7.62) 🟢
Q2 Segments:
🔹 Agribusiness Adj. EBIT: $233M (vs. $298M YoY); DOWN
↳ Processing: $206M; DOWN YoY (Weakness in Europe & North America)
↳ Merchandising: $27M; DOWN YoY
🔹 Refined & Specialty Oils Adj. EBIT: $116M (vs. $193M YoY); DOWN
🔹 Milling Adj. EBIT: $27M (vs. $28M YoY); FLAT
Other Metrics:
🔹 Adj. Total Segment EBIT: $293M (vs. $405M YoY); DOWN
🔹 Adj. Corporate & Other EBIT: ($83M)
🔹 Adjusted Funds from Operations: $693M (vs. $895M YoY)
🔹 Cash Flow from Operations (6M): -$1.36B (vs. -$480M YoY)
🔹 Capex (FY Est.): $1.5B–$1.7B
🔹 D&A (FY Est.): ~$490M
🔹 Adj. Tax Rate (FY Est.): 21%–25%
CEO Commentary:
🔸 “Our team delivered better than expected results in Q2 and made strategic progress with the Viterra merger.” – CEO Greg Heckman
🔸 “The integration is proceeding well, and our simplified portfolio aligns with global value chains.”
🔸 “We are positioned to efficiently connect farmers to consumers and meet evolving global needs.”