Key Takeaways:
- Corteva posted second-quarter GAAP net sales of $6.46 billion, up 6% year-over-year
- Operating EBITDA grew 13% to $2.16 billion, while operating EPS increased 20% to $2.20
- Seed and Crop Protection both posted sales and margin improvements driven by volume growth
- Full-year 2025 net sales now expected between $17.6B–$17.8B, with $1B in planned share repurchases
- The company cites strong first-half execution and market demand for raising its financial outlook
Corteva Delivers Double-Digit Growth in Key Metrics for Q2 2025
Volume Increases Across Portfolio Drive Revenue and Margin Expansion
Corteva, Inc. (NYSE: CTVA) reported a solid second quarter for 2025, marked by growth in both revenue and profitability. Net sales increased 6% to $6.46 billion, while operating EBITDA rose to $2.16 billion, reflecting a 13% gain over the prior year. GAAP earnings from continuing operations came in at $1.38 billion, or $2.02 per share, and operating EPS reached $2.20, up 20% from the second quarter of 2024.
Organic sales, which exclude the effects of currency and portfolio changes, grew 7% year-over-year. The company highlighted strong contributions from both its Seed and Crop Protection segments, with double-digit volume growth in Latin America and continued strength in North America.
Seed Segment Growth Led by Corn Demand and Market Share Gains
North America Corn Drives Performance Despite Regional Currency Impacts
Corteva’s Seed net sales rose 5% to $4.54 billion in Q2 2025, supported by a 3% increase in volume and a 3% improvement in pricing. Growth was primarily attributed to increased corn planting and share gains in North America, with pricing benefits reflecting demand for advanced seed technologies.
Segment operating EBITDA for Seed rose 10% year-over-year to $1.86 billion, with margin improvement of 185 basis points. The company noted that improved pricing, favorable product mix, and lower net royalty expenses helped offset currency headwinds and higher compensation costs.
Crop Protection Sees Volume-Driven Gains
Latin America Leads Volume Growth Amid Pricing Pressures
The Crop Protection segment delivered net sales of $1.92 billion in Q2, up 8% from the same period last year. Volume grew 11%, led by Latin America’s demand for new products, fungicides, spinosyns, and biologicals. Pricing, however, declined 2% due to competitive pressures in the region.
Operating EBITDA for Crop Protection grew 31% year-over-year to $334 million, driven by lower raw material costs, productivity gains, and strong sales volumes. Segment EBITDA margin improved by approximately 310 basis points compared to the previous year.
Outlook: Full-Year 2025 Guidance Raised
Company Targets Continued Growth in Sales, Earnings, and Shareholder Returns
Based on first-half performance and expectations for modest second-half expansion, Corteva updated its full-year 2025 guidance:
- Net sales: $17.6 to $17.8 billion (approximately 5% growth at midpoint)
- Operating EBITDA: $3.75 to $3.85 billion (13% growth at midpoint)
- Operating EPS: $3.00 to $3.20 (21% growth at midpoint)
- Share repurchases: Approximately $1 billion planned for 2025
CEO Chuck Magro stated, “This stronger view of 2025 also underscores our confidence in delivering our 2027 financial framework, and in the value our business offers, both in the short- and long-term.”
Despite softer grain prices, Corteva expects stable global demand for grain and oilseeds and continued strong performance from its differentiated product portfolio. The company does not anticipate material impacts from current tariff negotiations.
Regional and Market Trends
Balanced Growth Across Geographic Markets
Corteva reported growth in all regions during the second quarter, with notable performances in:
- North America: Net sales rose 5%, supported by corn acreage expansion and strong Seed sales
- EMEA: Sales increased 11%, reflecting gains in both Seed and Crop Protection
- Latin America: Net sales grew 3% despite pricing pressure, driven by product volume
- Asia Pacific: Posted 5% growth as demand remained steady
Across its business, Corteva remains focused on operational efficiency, product innovation, and responding to evolving agricultural challenges with targeted solutions. The company reiterated its commitment to delivering on its strategic financial goals through 2027.
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