Corteva(US:CTVA)2024-08-01 18:32Financial Performance - 1H 2024 - Net sales reached $10.6 billion, a 3% increase organically[30, 47] - Operating EBITDA was $3 billion, a 1% increase[39, 47] - Operating EBITDA margin increased by 59 bps to 27.8%[44, 47] Segment Performance - 1H 2024 - Seed net sales were $7.08 billion, a 2% increase[47, 98] - Crop Protection net sales were $3.52 billion, an 11% decrease[47, 149] Q2 2024 Highlights - Net Sales increased by 1% to $6.112 billion[68] - Operating EBITDA increased by 10% to $1.917 billion[68] - Operating EBITDA Margin increased by 248 bps to 31.4%[68] - Operating EPS increased by 14% to $1.83[68] Updated FY 2024 Outlook - Net sales are projected to be $17.2 - $17.5 billion[23, 53] - Operating EBITDA is expected to be $3.4 - $3.6 billion, with an EBITDA margin of approximately 20% at the mid-point[23, 56] - Free Cash Flow is guided at $1.5 - $2.0 billion[64]