Corteva raised its full-year 2026 guidance following a strong first half in which net sales rose 4%, operating EBITDA grew 10%, and operating EPS increased 14%. The company now expects full-year operating EBITDA between $4.1 billion and $4.3 billion, an operating EBITDA margin of 22.5% to 23.5%, and operating EPS of $3.60 to $3.80. Productivity initiatives and cost discipline contributed over $160 million to EBITDA in the first half, while the seed business saw organic sales growth across all regions driven by technology adoption and licensing income. Crop protection new products achieved high single-digit volume growth with essentially flat pricing, though overall crop protection pricing remains under pressure, particularly in Latin America, with expectations of low to mid-single-digit declines in the second half. The planned separation remains on track for October 1, with synergies largely offsetting separation costs, resulting in only a $25 million headwind.
Corteva IncRaises full-year 2026 guidance with strong first-half results, including higher EBITDA and EPS expectations.