Key Takeaways
- Corteva reported Q1 2025 net sales of $4.42 billion, with organic sales increasing by 3% year-over-year.
- Operating EBITDA rose 15% to $1.19 billion, and operating EPS increased 27% to $1.13 per share.
- Seed and Crop Protection segments delivered margin expansion driven by volume gains and cost discipline.
- A $1 billion share repurchase plan for 2025 remains on track.
- Full-year 2025 guidance reaffirmed, with projected net sales between $17.2–$17.6 billion.
Corteva delivers strong margin and earnings growth in Q1 2025
Corteva, Inc. (Profile) reported first quarter 2025 financial results, achieving higher profitability despite slight declines in net sales. The company posted net income from continuing operations of $667 million, up 77% from the prior year, and earnings per share (EPS) of $0.97. On an adjusted basis, operating EPS rose 27% to $1.13.
Net sales declined 2% year-over-year to $4.42 billion, though organic sales grew by 3% amid strong global demand for differentiated seed technologies and crop protection solutions.
“In the first quarter, Corteva delivered on rising demand for our differentiated technology while driving margin expansion through disciplined cost control,” said Chuck Magro, Chief Executive Officer of Corteva.
Seed business supported by pricing and portfolio strength
The Seed segment generated net sales of $2.71 billion, down 2% year-over-year, though organic sales grew 2%. A 3% price increase — driven by favorable product mix and strength in North America — offset lower volumes in EMEA and Latin America.
Segment operating EBITDA grew 13% to $842 million, supported by price execution, cost savings, and lower royalties. The Seed operating margin expanded by 390 basis points.
Seed Segment Highlights
| Region | Net Sales ($M) | % Change YoY | Organic % Change |
|---|---|---|---|
| North America | 1,597 | +9% | +9% |
| EMEA | 826 | -10% | -3% |
| Latin America | 185 | -32% | -19% |
| Asia Pacific | 99 | +9% | +11% |
Corteva’s Crop Protection sees volume gains amid pricing pressures
Crop Protection net sales declined 2% year-over-year to $1.71 billion, though organic sales increased by 3%. Volume rose 5%, reflecting demand for new products and biologicals, though global pricing pressures reduced price realization.
Segment operating EBITDA climbed 22% to $377 million, driven by raw material cost savings, productivity improvements, and higher volumes. The segment’s operating margin improved by approximately 425 basis points.
Crop Protection Segment Highlights
| Region | Net Sales ($M) | % Change YoY | Organic % Change |
|---|---|---|---|
| North America | 613 | Flat | +1% |
| EMEA | 651 | -3% | +3% |
| Latin America | 257 | +5% | +19% |
| Asia Pacific | 189 | -10% | -8% |
Outlook: Corteva reaffirms full-year 2025 guidance
Looking ahead, Corteva reaffirmed its 2025 full-year guidance. The company expects net sales between $17.2 billion and $17.6 billion, with operating EBITDA projected in the range of $3.6 billion to $3.8 billion. Operating EPS is forecasted at $2.70 to $2.95 per share.
While management noted a “flattish” Crop Protection market for the year, with volume gains offset by pricing headwinds, demand for advanced seed technologies remains strong globally.
The company also plans to repurchase approximately $1 billion of shares during 2025, reflecting confidence in its long-term financial framework.
Read the complete financial results here.
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