Corteva(US:CTVA) Prnewswire·2025-11-04 21:30Financial Performance - For Q3 2025, net sales were $2.62 billion, a 13% increase compared to Q3 2024, while organic sales rose by 11% [10][14] - Year-to-date (YTD) net sales reached $13.49 billion, reflecting a 4% increase from 2024, with organic sales up 6% [5][14] - The company reported a loss from continuing operations of $308 million in Q3 2025, an improvement from a loss of $519 million in Q3 2024 [12][14] - Operating EBITDA for Q3 2025 was $49 million, a 149% increase year-over-year [12][14] Segment Performance - Crop Protection segment net sales for Q3 2025 were approximately $1.70 billion, up 4% from Q3 2024, driven by a 5% increase in volume [19][21] - Seed segment net sales were $917 million in Q3 2025, up from $691 million in Q3 2024, with a 27% increase in volume [15][21] - Crop Protection YTD net sales were approximately $5.33 billion, a 3% increase from the same period in 2024 [21][24] - Seed YTD net sales reached $8.16 billion, a 5% increase from 2024, with a 3% increase in price/mix and a 4% increase in volume [15][24] Strategic Initiatives - The company plans to separate into two independent public companies by the second half of 2026, with "New Corteva" focusing on crop protection and "SpinCo" on advanced genetics [7][8] - The separation is expected to enhance long-term value through tailored innovation and capital allocation strategies [6][13] - Full-year 2025 guidance has been raised, with net sales expected between $17.7 billion and $17.9 billion, and operating EBITDA projected between $3.8 billion and $3.9 billion [5][26] Market Outlook - The global agricultural outlook remains mixed, with strong demand but pressured commodity prices and farmer margins [25][26] - The company anticipates a large crop production year, with record demand leading to low global corn stock levels [25][26] - Global crop protection industry volumes have stabilized, with signs of price stabilization emerging [26]