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Corteva(CTVA) - 2025 Q3 - Earnings Call Presentation
2025-11-05 14:00
Financial Performance & Outlook - 3Q 2025 net sales reached $2.618 billion, a 13% increase compared to 3Q 2024[33] - YTD 2025 net sales totaled $13.5 billion, a 4% increase year-over-year[21] - The company is raising its FY 2025 Operating EBITDA guidance to $3.80 - $3.90 billion, reflecting a 14% growth at the mid-point[18] - The company anticipates ~$1 billion in share repurchases for FY 2025[18] - Preliminary view for 2026 indicates a full-year Operating EBITDA of $4.1 billion at the mid-point[20] Segment Performance - Seed net sales in 3Q 2025 increased by 33% to $917 million, with organic sales growth of 31%[37] - Crop Protection net sales in 3Q 2025 increased by 4% to $1.701 billion, with organic sales growth of 3%[59] - YTD 2025 Seed net sales increased by 5% to $8.161 billion, with organic sales growth of 7%[49] - YTD 2025 Crop Protection net sales increased by 3% to $5.330 billion, with organic sales growth of 5%[71] Strategic Initiatives - The company is on track to separate into two market-leading public companies in 2H 2026[14] - Restructuring activities in the Crop Protection network are expected to result in approximately $160 million to $175 million net pre-tax restructuring charges during 2025[8]