Form 10-Q · Quarterly report
Corteva 10-Q, filed Jul 31, 2026
- Filed
- CIK
- 0001755672
- Accession no.
- 0001755672-26-000025
Summary
Corteva reported second-quarter 2026 net sales of $6,379 million, down 1% from a year earlier, with income from continuing operations after taxes of $1,217 million versus $1,382 million, and operating EBITDA of $2,261 million. The company also detailed a March 2026 restructuring program aimed at $115 million to $125 million in run-rate savings by 2027 and an intended halt to production at its Asturias, Spain site, as it pursues its previously announced separation into independent Seed and Crop Protection companies.
Key points
- Corteva's 2026 restructuring actions, approved by management on March 15, 2026, consist primarily of workforce reductions across commercial and functional support areas and are expected to be substantially complete by December 2026, targeting $115 million to $125 million in run-rate savings by 2027.
- Corteva committed to the next phase of its Crop Protection Operations Strategy Restructuring Program, including the intended cessation of production at its Asturias, Spain site, subject to consultation with the applicable works council and union representatives.
- Second-quarter 2026 net sales were $6,379 million, down 1% year over year, with income from continuing operations after taxes of $1,217 million versus $1,382 million a year earlier, while operating EBITDA rose to $2,261 million from $2,164 million.
- First-half 2026 net sales were $11,284 million, up 4%, operating EBITDA was $3,699 million, and the company returned about $740 million to shareholders through share repurchases and dividends.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
Item 2.MANAGEMENT’S DISCUSSION Recent Developments Proposed Separation On October 1, 2025, the company announced its intent to pursue, subject to the approval of the Board of Directors and any required regulatory approvals, its separation into two independent publicly traded companies - one for each of its Seed and Crop Protection businesses. The transaction is intended to be a tax-free spin-off for U.S. federal income tax purposes. …
An excerpt of the text as filed with the SEC, cut for length.
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