Corteva, Inc.

Corteva, Inc. announced an expansion of its multi-year Crop Protection Operations Strategy Restructuring Program, which now includes the intended cessation of production activities at its Asturias, Spain site and revised estimates for its Pittsburg, California exit. The company expects to record aggregate pre-tax restructuring and asset-related charges of $750 million to $815 million, an increase of $100 million to $115 million from previous estimates. These actions are part of an initiative targeting $300 million in run-rate productivity by 2027, with restructuring expected to be substantially complete by the end of 2028.

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.

Corteva, Inc. reported strong first-quarter 2026 financial results, with net sales increasing 11% to $4.90 billion and organic sales up 7%. Operating EBITDA grew 21% to $1.44 billion, and Operating EPS rose 33% to $1.50, driven by strength in both Seed and Crop Protection segments. The company reaffirmed its full-year 2026 guidance and announced plans for $500 million in share repurchases during the first half of the year. Corteva also provided updates on its planned separation, including a $1.5 billion pension contribution and favorable trends in dis-synergy estimates.

Corteva, Inc. announced the initial executive leadership teams for its planned spin-off, separating its seed business (SpinCo) from its crop protection business (New Corteva). Current CEO Charles V. Magro will become CEO of SpinCo, alongside other key executives transitioning to SpinCo roles. Luther Kissam was appointed CEO of New Corteva, effective at the spin-off, and will join Corteva on June 1, 2026, as CEO of the Crop Protection Business Unit.

Corteva, Inc. announced the initial executive leadership teams for its planned spin-off entities, SpinCo (seed business) and New Corteva (crop protection business). Charles V. Magro, current CEO of Corteva, will become CEO of SpinCo, alongside other current executives transitioning to SpinCo roles. Additionally, Luther ("Luke") Kissam, former CEO of Albemarle Corporation, has been appointed Chief Executive Officer of New Corteva, effective at the spin-off, and will join Corteva on June 1, 2026, as CEO of the Crop Protection Business Unit.