Strong Financial Performance
Corteva reported double-digit bottom line growth with a 13% increase in operating EBITDA for the quarter and a 300 basis point margin expansion. Full year operating EBITDA guidance was raised to $3.8 billion, a $100 million improvement.
Seed Business Success
The Seed business saw 280 basis points of operating EBITDA margin expansion and achieved pricing gains in most regions. North America contributed significantly with healthy branded share gains in both corn and soybeans.
Crop Protection Growth
Crop Protection business achieved over 350 basis points of operating EBITDA margin expansion, with volume improvements in Brazil and five consecutive quarters of volume gains.
Cost Improvement Initiatives
Corteva exceeded its 2025 net cost improvement target by the first half alone, raising its full-year target to $450 million from $400 million.
Positive Free Cash Flow
Corteva increased its free cash flow guidance to approximately $1.9 billion with a cash conversion rate of about 50%, driven by earnings growth and lower cash taxes from recent legislation.