Quarterly ResultMay 6, 2026, 05:27 PM
Corteva Q1 Net Sales +11.05% to $4.91B; EPS $1.07
AI Summary
Corteva, Inc. reported strong first-quarter 2026 financial results with net sales increasing by 11.05% to $4.91 billion and diluted EPS rising to $1.07. The company initiated new restructuring actions in Q1 2026, incurring $78 million in charges, and continued its Crop Protection Operations Strategy Restructuring Program. Cash flow from operating activities, however, saw a larger outflow compared to the prior year, and other income was negatively impacted by a litigation settlement charge.
Key Highlights
- Net sales increased 11.05% to $4.91 billion in Q1 2026 from $4.42 billion in Q1 2025.
- Net income attributable to Corteva rose 10.43% to $720 million from $652 million year-over-year.
- Diluted earnings per share (EPS) grew to $1.07 in Q1 2026 from $0.95 in Q1 2025.
- Seed segment net sales increased 11.67% to $3.02 billion in Q1 2026.
- Crop Protection segment net sales grew 10.06% to $1.88 billion in Q1 2026.
- Cash used for operating activities was $(2.89) billion in Q1 2026, compared to $(2.11) billion in Q1 2025.
- The company recorded $78 million in pre-tax charges for new 2026 Restructuring Actions.
- Other income (expense) - net was $(117) million, including a litigation settlement charge.
Price Impact
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