Corteva(US:CTVA) Prnewswireยท2025-08-06 20:30Financial Performance - For Q2 2025, net sales reached $6.46 billion, a 6% increase compared to Q2 2024, with organic sales up 7% [11][8] - GAAP income from continuing operations was $1.38 billion, translating to an EPS of $2.02, while operating EBITDA was $2.16 billion, reflecting a 13% increase year-over-year [10][2] - For the first half of 2025, net sales totaled $10.87 billion, a 3% increase from the same period in 2024, with organic sales up 5% [7][2] Segment Performance - Seed segment net sales for Q2 2025 were $4.54 billion, up from $4.33 billion in Q2 2024, driven by a 3% increase in volume and a 3% increase in price [12][17] - Crop Protection segment net sales were approximately $1.92 billion in Q2 2025, reflecting an 11% increase in volume, although offset by a 2% price decline [20][21] - For the first half of 2025, Crop Protection net sales were approximately $3.63 billion, an 8% volume increase compared to the same period in 2024 [24][25] Market Outlook and Guidance - The company raised its full-year 2025 guidance, expecting net sales between $17.6 billion and $17.8 billion, with operating EBITDA projected at $3.75 billion to $3.85 billion [30][8] - The outlook for the Crop Protection market remains stable, with expectations of double-digit volume gains despite low-single-digit pricing headwinds [28][29] - Global corn area is projected to increase by 5% in North America, driven by favorable economics compared to other crops [27][8] Strategic Initiatives - The company plans to repurchase approximately $1 billion of shares during 2025, reflecting strong cash flow and balance sheet [6][30] - Continued focus on cost discipline and operational excellence has led to margin expansion and improved profitability [5][6] - The company emphasizes the importance of top-tier seed and crop protection technologies to meet global demand for grain and oilseeds [27][8]