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Corteva (CTVA)

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Earnings summaries and quarterly performance for Corteva.

Research analysts who have asked questions during Corteva earnings calls.

ER

Edlain Rodriguez

Mizuho Securities

8 questions for CTVA

Also covers: ALB, BALL, CCK +6 more
Kevin McCarthy

Kevin McCarthy

Vertical Research Partners

8 questions for CTVA

Also covers: ALB, ALTM, APD +17 more
Vincent Andrews

Vincent Andrews

Morgan Stanley

8 questions for CTVA

Also covers: ALB, APD, AVNT +20 more
Joel Jackson

Joel Jackson

BMO Capital Markets

7 questions for CTVA

Also covers: AGCO, ALB, ALTM +11 more
Patrick Cunningham

Patrick Cunningham

Citigroup

7 questions for CTVA

Also covers: ALB, APD, AXTA +17 more
DB

David Begleiter

Deutsche Bank

6 questions for CTVA

Also covers: ALB, APD, ASH +24 more
Kristen Owen

Kristen Owen

Oppenheimer & Co. Inc.

6 questions for CTVA

Also covers: , AGCO, AVNT +15 more
Matthew Deyoe

Matthew Deyoe

Bank of America

5 questions for CTVA

Also covers: APD, AXTA, CF +12 more
AY

Aleksey Yefremov

KeyBanc Capital Markets

4 questions for CTVA

Also covers: ALB, ALTM, AXTA +14 more
AV

Arun Viswanathan

RBC Capital Markets

4 questions for CTVA

Also covers: ALB, AMBP, AMCR +25 more
CP

Chris Parkinson

Wolfe Research, LLC

4 questions for CTVA

Also covers: ASH, AXTA, CCK +7 more
CP

Christopher Parkinson

Wolfe Research

4 questions for CTVA

Also covers: ALB, APD, ASH +17 more
Duffy Fischer

Duffy Fischer

Goldman Sachs

4 questions for CTVA

Also covers: APD, AXTA, CC +9 more
JZ

Jeffrey Zekauskas

JPMorgan Chase & Co.

4 questions for CTVA

Also covers: ALB, AMCR, APD +31 more
JS

Josh Spector

UBS Group

4 questions for CTVA

Also covers: ALB, AMBP, APD +28 more
Frank Mitsch

Frank Mitsch

Fermium Research

3 questions for CTVA

Also covers: AVNT, CE, DD +13 more
Joshua Spector

Joshua Spector

UBS

3 questions for CTVA

Also covers: ALB, AMBP, APD +37 more
AV

Aaron Viswanathan

RBC Capital Markets

2 questions for CTVA

Also covers: AMCR
AV

Aleksey V. Yefremov

KeyBanc Capital Markets Inc.

2 questions for CTVA

Also covers: RPM
BT

Ben Thayer

Barclays

2 questions for CTVA

CJ

Carol Jiang

Jefferies

2 questions for CTVA

DR

Dan Rizwan

Jefferies

2 questions for CTVA

JZ

Jeff Zekauskas

JPMorgan

2 questions for CTVA

Also covers: DOW, OLN, PPG
Michael Sison

Michael Sison

Wells Fargo

2 questions for CTVA

Also covers: ALB, APD, ASH +16 more
Richard Garchitorena

Richard Garchitorena

Wells Fargo

2 questions for CTVA

Also covers: CF, DOW, FMC +2 more
Steve Byrne

Steve Byrne

Bank of America

2 questions for CTVA

Also covers: ADM, APD, AXTA +19 more
ER

Edlain Rodriguez

Mizuho Securities USA LLC

1 question for CTVA

Emily Fusco

Emily Fusco

Deutsche Bank

1 question for CTVA

Also covers: APD, CBT, FUL +3 more
PF

Patrick Fischer

Goldman Sachs

1 question for CTVA

Also covers: APD, AXTA, CC +8 more
Rachel Leon

Rachel Leon

Citigroup Inc.

1 question for CTVA

SL

Salvo Latiano

Bank of America

1 question for CTVA

Recent press releases and 8-K filings for CTVA.

Corteva reports Q4 2025 earnings results
CTVA
Earnings
Guidance Update
  • Net sales of $3.91 billion in Q4 2025, down 2% year-over-year; GAAP Operating EBITDA was $446 million (–15%), with margin at 11.4% (–179 bps).
  • Seed net sales of $1.74 billion (–2%), with Seed Operating EBITDA up 33% to $124 million; Crop Protection Operating EBITDA declined to $360 million from $461 million in Q4 2024.
  • Q4 Operating EPS of $0.22 (–31%) versus $0.32 in Q4 2024; GAAP EPS loss of $0.80 per share versus a loss of $0.08.
  • Full-year Operating EPS of $3.34 (up from $2.57 in FY 2024), driven by volume/price gains and cost savings; FY 2026 guidance calls for low-to-mid single-digit revenue growth and $4.0–$4.2 billion of Operating EBITDA.
3 days ago
Corteva reports Q4 2025 results and 2026 guidance
CTVA
Earnings
Guidance Update
Legal Proceedings
  • 2025 organic sales rose 4% with operating EBITDA up 14% to $3.85 billion and margins expanding above 22%; free cash flow improved by $1.2 billion to $2.9 billion.
  • 2026 guidance set at $4.0–4.2 billion operating EBITDA (+7%) and $3.45–3.70 operating EPS, targeting $500 million of share repurchases in H1.
  • Separation on track for a Q4 2026 spin-off with net dyssynergies of $100 million (of which $50 million is in 2026 guidance).
  • Settled litigation with Bayer, achieving royalty neutrality in 2026, accelerating corn licensing to 2027, entering U.S. cotton licensing, and unlocking $1 billion upside over the next decade.
3 days ago
Corteva announces Q4 2025 results
CTVA
Earnings
Guidance Update
Legal Proceedings
  • Q4 organic sales declined 4%, while full-year organic sales grew 4%; full-year operating EBITDA rose 14% to $3.85 billion with margins over 22%, and free cash flow improved by $1.2 billion to $2.9 billion.
  • 2026 guidance set operating EBITDA at $4.0–4.2 billion (midpoint $4.1 billion, +7% y/y) and operating EPS at $3.45–$3.70; the company expects 60% of sales and 85% of EBITDA in H1 2026 and plans $500 million of share repurchases in the period.
  • Key 2026 assumptions include slight seed price gains offset by low-single-digit crop protection price declines, flat seed volumes, mid-single-digit crop protection volume growth, $120 million net royalty improvement, $200 million productivity benefits, $80 million tariff headwind, and $75 million FX tailwind.
  • Reached a comprehensive resolution with Bayer, paying $610 million in 2025 to resolve litigation, accelerate royalty neutrality to 2026, and unlock ~$1 billion of licensing income over the next decade; accelerates corn licensing to 2027, next-gen trait licensing by 2030, and grants cotton licensing rights.
  • Returned $1.5 billion to shareholders in fiscal 2025 via dividends and buybacks, with continued focus on capital return as separation progresses.
3 days ago
Corteva announces Q4 2025 results and provides 2026 guidance
CTVA
Earnings
Guidance Update
Legal Proceedings
  • Separation plan on track for the second half of 2026, most likely in Q4, with a global CEO search, Form 10 filings, board appointments, and Investor Day in mid-September 2026.
  • Q4 2025 organic sales down 4%; seed pricing +3% vs. volume –8%, crop protection volume –2% and price –1%. Full year organic sales +4%, operating EBITDA up 14% to $3.85 billion and margins above 22%.
  • Free cash flow rose by $1.2 billion to $2.9 billion in 2025, with a $610 million commitment paid toward Bayer resolution.
  • 2026 guidance: operating EBITDA of $4.0–4.2 billion (+7% at midpoint), EPS of $3.45–$3.70, targeting $500 million of share repurchases in H1 2026 and maintaining the quarterly dividend.
  • Resolved Bayer seed litigation, securing freedom to operate, achieving royalty neutrality in 2026 (two years early), accelerating corn licensing to 2027, entering U.S. cotton licensing, and underpinning an expected $1 billion of aggregate earnings upside over ten years.
3 days ago
Corteva reports Q4 and full-year 2025 results
CTVA
Earnings
Guidance Update
Legal Proceedings
  • Q4 2025 GAAP net sales were $3.91 B with a GAAP loss from continuing operations of $537 M (EPS $(0.80)); non-GAAP organic sales were $3.82 B, operating EBITDA $446 M, and operating EPS $0.22.
  • FY 2025 net sales rose 3% to $17.40 B, GAAP EPS was $1.75, and non-GAAP operating EBITDA reached $3.85 B (operating EPS $3.34).
  • Generated $3.5 B in operating cash flow (+51%) and $2.9 B in free cash flow (+69%), supporting over $1.5 B returned to shareholders in 2025.
  • Full-year 2026 guidance calls for operating EBITDA of $4.0–$4.2 B and operating EPS of $3.45–$3.70.
  • Reached comprehensive litigation resolution with Bayer to accelerate licensing and freedom to operate, with a $610 M cash outflow expected in Q1 2026.
3 days ago
Corteva reports Q4 and full-year 2025 results
CTVA
Earnings
Guidance Update
  • Q4 2025 results included net sales of $3.91 B, a GAAP loss per share of $(0.80), and non-GAAP EPS of $0.22
  • Full-year 2025 net sales were $17.40 B (up 3% vs. 2024); non-GAAP Operating EBITDA was $3.85 B and Operating EPS was $3.34
  • Cash provided by operations was $3.5 B (+51%) with free cash flow of $2.9 B (+69%), supporting over $1.5 B returned to shareholders
  • 2026 guidance calls for Operating EBITDA of $4.0–4.2 B and Operating EPS of $3.45–3.70 per share
  • The company remains on track to complete its planned separation in the second half of 2026
3 days ago
Corteva and bp launch Etlas biofuel feedstock JV
CTVA
New Projects/Investments
Management Change
  • Corteva and bp have formed a 50:50 joint venture, Etlas, to produce oil from canola, mustard and sunflower crops as feedstock for sustainable aviation fuel (SAF) and renewable diesel (RD).
  • Etlas targets 1 million metric tonnes of feedstock per year by the mid-2030s (enough to yield over 800,000 tonnes of biofuel) and plans to begin initial supply in 2027.
  • The venture will source intermediate crops grown on existing cropland between main food seasons, enhancing soil health and providing farmers with new revenue streams.
  • Ignacio Conti will serve as CEO and Gaurav Sonar as Chair of the Board of Directors for Etlas.
Jan 7, 2026, 11:00 AM
Corteva forms JV with Hexagon Bio for nature-inspired crop protection
CTVA
New Projects/Investments
  • Corteva and Hexagon Bio launched a multi-million-dollar joint venture to accelerate development of nature-inspired crop protection solutions.
  • The JV merges Corteva’s billion-dollar nature-inspired crop protection franchises and bacterial natural product discovery capabilities with Hexagon Bio’s natural-product discovery platform.
  • It is the first agriculture-sector JV for Hexagon Bio and the first pharmaceutical JV for Corteva, targeting cross-industry pipeline advancement.
  • The JV is facilitated through Corteva Catalyst, which has partnered with 11 companies since its March 2024 launch.
Dec 16, 2025, 1:00 PM
Corteva reports Q3 2025 earnings
CTVA
Earnings
Guidance Update
  • Q3 2025 net sales were $2.6 B, up 13% YoY, and organic sales grew 11% on strong seed and crop protection volumes.
  • Q3 Operating EBITDA turned positive at $49 M vs. a $(100) M loss a year ago, with operating margin expanding to 1.9% from –4.3% (+617 bps).
  • YTD net sales reached $13.5 B (+4%), organic sales were +6%, and YTD Operating EBITDA was $3.4 B (+19%) with a 25.2% margin (+317 bps); Corteva raised FY 2025 Operating EBITDA guidance to $3.80–$3.90 B (+14% at midpoint).
  • On track to complete the separation into two public companies—New Corteva and SpinCo—in 2H 2026, creating focused platforms in crop protection, plant health, and advanced genetics.
Nov 5, 2025, 2:00 PM
Corteva announces Q3 2025 results
CTVA
Earnings
Guidance Update
Product Launch
  • Intent to separate Corteva into two public companies (seed and crop protection) by second half 2026 to unlock growth potential in each segment.
  • Q3 organic sales rose 11% and volumes 12% year-over-year; year-to-date operating EBITDA reached $3.4 billion (+19%) with a margin above 25% (+320 bps).
  • Full-year operating EBITDA guidance raised to $3.8 billion–$3.9 billion (midpoint +14% YoY), with over $600 million in controllable benefits now expected for 2025.
  • Product launch: unveiled Varpalgo, a next-generation insecticide targeting chewing pests, expected in the early 2030s and forecasted to peak at $750 million in revenue.
Nov 5, 2025, 2:00 PM