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Corteva Inc
F:2X0

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Corteva Inc
F:2X0
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Price: 66.46 EUR 0.76% Market Closed
Market Cap: €46.1B

Corteva Inc
Investor Relations

Corteva is an agricultural products company that helps farmers grow crops more reliably. It sells seeds for corn, soybeans, canola, sunflowers, and other crops, along with crop protection products such as herbicides, insecticides, and fungicides that help control weeds, pests, and disease. Its main customers are growers and farm operators who buy these products through agricultural dealers, distributors, and direct sales channels. The company makes money by selling branded seed and crop protection products, and by licensing certain seed traits and technologies. A lot of its value comes from being a key supplier early in the food chain: farmers use its products before harvest, and their buying decisions depend on yield, disease resistance, weed control, and local growing conditions. That makes Corteva different from food companies, because it serves the farm-input side of agriculture rather than the consumer end. Corteva’s business depends on crop cycles, seed genetics, and agronomy expertise. It invests in developing new seed traits and protection chemistries, then works through a large agricultural distribution network to reach farmers. In simple terms, Corteva sells the tools farmers use to protect crops and improve harvests, and it earns revenue every season as growers restock those inputs.

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Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 6, 2026
AI Summary
Q1 2026

Strong quarter: Corteva said first-quarter performance came in ahead of expectations, with organic sales up 7% and operating EBITDA up 21%, driven by early Seed deliveries, Crop Protection volume gains, price/mix, and cost savings.

Guidance reaffirmed: Management kept full-year 2026 guidance unchanged, calling for operating EBITDA of $4 billion to $4.2 billion and operating EPS of $3.45 to $3.70, while saying the first half looks a little better than expected.

Demand holding up: Farmers remain cautious and value-driven, but the company said they are still choosing premium Seed and Crop Protection technologies, especially where yield and profitability benefits are clear.

Separation on track: Corteva reiterated it expects the spin separation in the fourth quarter, said net dis-synergies are trending better than the original $100 million estimate, and announced the future seed company name: Vylor.

Portfolio momentum: Management highlighted royalty-positive progress, strong biologicals growth, and a deep pipeline in both Seed and Crop Protection, including hybrid wheat, gene editing, and multiple new active ingredients.

Macro watchpoints: The main risks being monitored are higher oil prices, tariffs, Middle East-related feedstock pressure, and potential second-half effects in Latin America, though management said the 2026 impact looks manageable within guidance.

Key Financials
Organic sales
7%
Seed organic sales
9%
Crop Protection organic sales
4%
Currency impact on sales
4% of sales
Operating EBITDA
over $1.4 billion
Operating EBITDA margin
over 29%
Operating EPS
$3.45 to $3.70
Net royalty expense
$30 million decrease
Productivity and input cost benefits
roughly $70 million
SG&A
up roughly $100 million
Share repurchases
approximately $500 million
Free cash flow conversion
40% to 50%
One-time separation costs
approximately $350 million
Net dis-synergies
$100 million
Pension contribution
$1.5 billion
Tax savings from pension contribution
about $290 million
Oil price headwind
$40 million
Corn acres
3% to 4% reduction
Enlist soybean penetration
about 65%
Earnings Call Recording
Other Earnings Calls

Management

Mr. Charles Victor Magro B.Sc. (Chem), MBA
CEO & Director

Charles Victor Magro is a well-recognized figure in the agricultural and chemical industries. He has served as the CEO of Corteva Agriscience, one of the world's largest pure-play agriculture companies, which focuses on pioneering agricultural innovations, providing farmers around the globe with seeds and crop protection solutions. Mr. Magro earned his Bachelor of Science degree in Chemistry and later obtained his MBA, equipping him with a strong foundation in both the scientific and business aspects of the industry. Before joining Corteva, he had a distinguished career with Nutrien Ltd., where he served as President and CEO. His leadership was integral in Nutrien's formation through the merger of Agrium and PotashCorp, creating one of the largest providers of crop inputs and services in the agricultural sector. His business acumen and strategic focus are widely recognized, emphasizing growth through innovation, sustainability, and customer-centric approaches. His tenure at Corteva is marked by efforts to enhance productivity and drive sustainable practices within the agricultural sector. Mr. Magro's expertise and leadership continue to have a significant impact on the industry, steering companies towards more sustainable and efficient agricultural practices.

Dr. Samuel R. Eathington Ph.D.
Executive VP & Chief Technology and Digital Officer

Dr. Samuel R. Eathington is a prominent figure in the agricultural industry, particularly known for his work in plant genetics and biotechnology. He serves as the Senior Vice President and Chief Technology Officer at Corteva Agriscience, a leading global agriculture company. Dr. Eathington holds a Ph.D. in Plant Breeding and Plant Genetics from the University of Wisconsin-Madison, where he developed a strong foundation in genetic research. Before joining Corteva, Dr. Eathington held significant roles at Monsanto, where he was instrumental in advancing research and development initiatives. His work has significantly contributed to the development of high-yielding crop varieties and innovative agricultural technologies. At Corteva, Dr. Eathington leads efforts to integrate cutting-edge technology into agricultural practices. His responsibilities include overseeing the company's global research and development activities, driving innovation, and ensuring that Corteva remains at the forefront of agricultural science. His leadership is pivotal in steering projects focused on sustainability, productivity, and improving farmers' livelihoods through scientific advancements. Dr. Eathington is widely respected for his contributions to agriculture and is considered a thought leader in leveraging biotechnology to address global food security challenges.

Mr. Timothy P. Glenn
Executive Vice President of Seed Business Unit

Timothy P. Glenn is an executive known for his role at Corteva, Inc., a prominent player in the global agriculture industry. At Corteva, Glenn serves as the Executive Vice President and Chief Commercial Officer. His responsibilities encompass overseeing the company's global commercial activities, which include shaping strategies to drive growth and deliver innovative agricultural solutions to farmers worldwide. Timothy Glenn has a rich background in the agricultural sector, bringing extensive experience in areas like crop protection, seeds, and marketing. Before his tenure at Corteva, he held key leadership roles at DowDuPont and its predecessor, DuPont. His career in this field spans various functions, attesting to his versatile expertise and deep understanding of the industry's dynamics. In addition to his professional accomplishments, Glenn is recognized for his strategic vision and commitment to advancing sustainable agricultural practices. Through his leadership, Corteva aims to enhance food security, improve agricultural productivity, and ensure environmental sustainability, aligning with the company's mission to enrich the lives of those who produce and consume.

Mr. David John Anderson B.S., M.B.A.
Executive Officer & Special Advisor to the Chief Executive Officer

David John Anderson is a recognized executive in the agriculture and chemical industries, known for his leadership and strategic acumen. At Corteva Inc., he brought extensive experience in business management and financial oversight, thanks to his Bachelor of Science and Master of Business Administration degrees. Anderson has been pivotal in driving Corteva's financial strategy, capital management, and operational efficiencies, helping to solidify the company's position as a leading pure-play agriculture entity, focused on advancing sustainable agricultural solutions. His role involves optimizing shareholder value while fostering innovation in product offerings.

Mr. Robert King
Executive Vice President of Crop Protection Business Unit

Robert (Bob) King serves as Executive Vice President, Chief Supply Chain Officer at Corteva Agriscience. In his role, he is responsible for leading the company's global supply chain operations, ensuring the efficient production and delivery of Corteva’s diverse range of agricultural products and solutions. With extensive experience in the agriculture and supply chain sectors, Bob King has played a pivotal role in optimizing Corteva's supply chain processes, contributing to the company's operational excellence and its ability to meet the evolving needs of farmers and agricultural professionals worldwide. Bob King joined Corteva with a strong background in supply chain management, having held various leadership positions in the field. His expertise encompasses strategic planning, process improvement, and managing large-scale operations, all of which have been instrumental in driving Corteva's success in the industry. Under his leadership, Corteva’s supply chain has focused on sustainability and innovation, aligning with the company's commitment to advancing sustainable agriculture. Bob King’s strategic vision helps position Corteva as a leader in delivering high-quality agricultural products efficiently and responsibly.

Mr. David P. Johnson
Executive VP & CFO
No Bio Available
Mr. Brian Titus
VP, Controller & Principal Accounting Officer
No Bio Available
Kimberly Booth
Vice President of Investor Relations

Kimberly Booth is the Chief Marketing Officer at Corteva Agriscience, a major player in global agriculture, focused on seeds, crop protection, and digital agriculture. With a career marked by strategic leadership and a passion for innovation, Kimberly Booth has been influential in shaping Corteva's marketing strategies to align with the evolving needs of the agricultural industry. She is known for her expertise in brand management, digital transformation, and driving customer-centric initiatives that enhance the company's competitive edge. Her leadership is critical in promoting sustainable practices and solutions in agriculture, supporting Corteva's mission to enrich the lives of those who produce and consume.

Mr. Cornel B. Fuerer
Senior VP, Secretary & General Counsel

Cornel B. Fuerer is the Senior Vice President, General Counsel, and Corporate Secretary at Corteva, Inc., a major agriculture company focused on seed and crop protection. In his role, Fuerer is responsible for overseeing the company's global legal, compliance, and regulatory affairs. Bringing extensive expertise in corporate governance and legal matters, he plays a crucial role in guiding Corteva's strategic and operational decisions. Before joining Corteva, Fuerer had significant experience in the legal field, having worked in various leadership roles at reputable companies. He is recognized for his strategic vision and ability to manage complex legal challenges, contributing to the company's growth and commitment to innovation in the agriculture sector. His educational background includes a law degree and further specialization, which have equipped him with the skills necessary for his current role at Corteva.

Ms. Audrey Grimm
Senior VP, Chief HR & Diversity Officer
No Bio Available

Contacts

Address
INDIANA
Indianapolis
9330 Zionsville Road
Contacts
+18332678382.0
www.corteva.com
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