Corteva Reports Third-Quarter 2026 Results; Updates FY 2026 Outlook

(NYSE:CTVA) Corteva, Inc. reported financial results for the third quarter and nine months ended September 30, 2026. For the third quarter of 2026, net sales were $1.59 billion, representing a 9% decrease compared to the same period in 2025. The company reported a loss from continuing operations after tax of $(54) million and a GAAP EPS of $(0.08) for the quarter. Organic sales for the quarter were $1.58 billion, with operating EBITDA of $0.22 billion and adjusted pro forma operating EPS of $0.06. Year-to-date 2026 net sales were $5.36 billion, up 1% from the prior year, with income from continuing operations after tax of $112 million and GAAP EPS of $0.16. Organic sales for the year-to-date period were $5.20 billion, operating EBITDA was $0.94 billion, and adjusted pro forma operating EPS was $0.76. The adjusted pro forma operating EBITDA margin expanded by 30 basis points to 17.6%. The Board of Directors authorized the first common dividend post spin. The company updated its full-year 2026 guidance, now expecting adjusted pro forma operating EBITDA to be in the range of $1.1 billion to $1.125 billion and adjusted pro forma operating EPS between $0.76 and $0.80 per share. In the third quarter, North America reported 7% organic sales growth with volume up 19%, EMEA reported 14% organic sales growth, Latin America organic sales declined 31% with volumes down 24%, and Asia Pacific reported 5% organic sales growth with 7% volume growth. Third quarter operating EBITDA was $222 million, down 17% from the prior year, and the margin declined by 140 basis points. Year-to-date operating EBITDA was $943 million, flat compared to the prior year. Net sales by region for the third quarter were: North America $574 million, EMEA $239 million, Latin America $570 million, and Asia Pacific $208 million. Year-to-date net sales by region were: North America $1,826 million, EMEA $1,438 million, Latin America $1,403 million, and Asia Pacific $690 million. The company cited pricing pressure in North America and Latin America, particularly due to acetochlor in the U.S. and competitive dynamics on molecules late in their lifecycle in Brazil. The company will host a live webcast of its third quarter 2026 earnings conference call on November 12, 2026, at 10:30 a.m. ET.

Corteva Declares Quarterly Dividend

(NYSE:CTVA) Corteva, Inc. announced that its Board of Directors has authorized a common stock dividend of $0.05 per share. The dividend is payable on December 15, 2026, to shareholders of record as of December 1, 2026. EIDP, Inc., a wholly owned subsidiary of Corteva, Inc. and formerly known as E. I. du Pont de Nemours and Company, also announced preferred stock dividends. The Board of Directors of EIDP, Inc. declared a regular preferred stock dividend of $1.12-1/2 per share on the $4.50 series preferred stock. Additionally, a regular preferred stock dividend of $0.87-1/2 per share was declared on the $3.50 series preferred stock. Both EIDP preferred stock dividends are payable on January 25, 2027, to stockholders of record as of January 4, 2027. The announcement covers both common and preferred stock dividends for Corteva, Inc. and its subsidiary EIDP, Inc. The $4.50 series and $3.50 series preferred stocks are specifically named in the dividend declaration. The record dates and payment dates for each dividend are explicitly stated. The announcement reflects the company's ongoing capital allocation and shareholder return practices. No executive names or direct quotes are included in the announcement. The notice also confirms EIDP, Inc.'s status as a wholly owned subsidiary of Corteva, Inc.

Corteva and Inari Reach Settlement Agreement

(NYSE:CTVA) Corteva, Inc. and Inari announced that they have reached a confidential settlement agreement to resolve the lawsuit filed by Corteva in September 2023, which was pending in the United States District Court for the District of Delaware. As part of the settlement, Inari has agreed to destroy Corteva material it accessed from seed depositories and any material developed from those deposits. Inari will also assign to Corteva the intellectual property related to its edited versions of Corteva events. Corteva and Inari have further agreed to negotiate certain licensing arrangements. Other terms of the settlement remain confidential. The case is identified as Corteva Agriscience LLC, Pioneer Hi-Bred International, Inc., and Agrigenetics, Inc. v. Inari Agriculture, Inc. and Inari Agriculture NV, C.A. No. 23-1059 (JFM). The announcement highlights the importance of global patent and plant variety protection systems in promoting investment, competition, and collaboration in agricultural innovation. The statement notes that patent depositories and their procedures on access to biological material play an important role in these systems. The rulings in this case reinforce applicable rights with respect to seed deposits. Both Corteva and Inari agree on the importance of abiding by applicable patent and other laws and contracts relating to deposited materials.

Vylor Launches a New Era in Corn: Industry-First Yield and Yield Stability Trait, Advanced Insect Control to Deliver Step-Change in Production, Farmer Profitability

(NYSE: CTVA) Corteva, Inc. unveiled the corn pipeline for its advanced seed and advanced genetics. The company plans to deliver $2 billion in incremental revenue by 2035.

(NYSE: CTVA) Corteva, Inc. announced its Board of Directors has authorized a common stock dividend of $0.18 cents per share, payable September 15, 2026, to shareholders of record on September 1, 2026. EIDP, Inc., a wholly owned subsidiary of Corteva, Inc., declared regular preferred stock dividends of $1.12-1/2 per share on the $4.50 series preferred stock and $0.87-1/2 per share on the $3.50 series preferred stock. Both EIDP preferred stock dividends are payable October 23, 2026, to stockholders of record on October 2, 2026. Corteva, Inc. describes itself as a global pure-play agriculture company with a balanced and globally diverse mix of seed, crop protection, and digital products and services. The company states it is committed to maximizing productivity for farmers and working with stakeholders throughout the food system. Corteva highlights its unique distribution strategy and technology pipeline as drivers of growth. More information is available at www.corteva.com.

Corteva Announces Board of Directors for Future Crop Protection Company

Corteva Announces Board of Directors for Advanced Seed and Genetics Spin-Off Vylor

(NYSE: CTVA) Corteva Inc. announced the board of directors for Vylor Inc., the future publicly traded, advanced seed and genetics company that will result from the current company's planned separation. Karen Grimes will lead the board as Independent Chair, having joined Corteva's board of directors in March 2021. The appointments to the board of seven directors will be effective at separation, which remains on track for the fourth quarter of 2026. A search is ongoing for at least one additional board member. Vylor's innovation engine will be anchored in the agriculture industry's most elite germplasm and transformative biotech. The company will leverage its next generation scientific expertise in disciplines like gene editing and molecular breeding to further strengthen its core business while exploring opportunities to expand to new row crops – and potentially beyond. The company will scale these innovations using its leading routes-to-market and by significantly expanding its licensing business.

Corteva Announces Headquarters for Two Future Companies Following Planned Separation

Corteva Inc. (NYSE: CTVA) announced that following its planned separation in the fourth quarter of 2026, 'New Corteva' will be headquartered in Indianapolis, Indiana, and Vylor will be headquartered in Johnston, Iowa. New Corteva will focus on crop protection and nature-inspired technologies, while Vylor will advance its seed and genetics business. Both companies will also maintain global corporate business centers in Wilmington, Delaware, and Southeast Pennsylvania, respectively. The decision highlights the companies' commitment to their employees, community roots, and agricultural innovation. This separation is significant for investors as it outlines the future structure and strategic direction of Corteva's businesses.

Introducing Vylor: Corteva Spinoff to Propel Agriculture Further

Corteva (NYSE: CTVA) announced that its advanced seed and genetics business, previously referred to as 'SpinCo,' will be branded as Vylor, Inc. The planned separation of this business remains on track for the fourth quarter of 2026. Vylor will launch with more than 4,000 germplasm patents and more than 2,000 biotechnology patents, and claims the largest seed production network in the world. The company highlights its leadership in gene editing, proprietary hybrid wheat, and world-record yields in corn and soybeans. This move reflects Corteva's ambition to advance science to feed and fuel the world.