CTVA · 8-K · 20260806PR338406
Revenue Performance and Mix
Corteva, Inc. · 2026-08-06 · Importance 64 · Surprise 42 · No source text
The pro forma separation removes Corteva’s Crop Protection Business and leaves Vylor with $10,067 million of 2025 net sales, compared with historical Corteva net sales of $17,401 million. The Crop Protection Business accounted for $7,503 million of historical 2025 sales, or approximately 43% of Corteva’s total. Long-term commercial agreements with New Corteva add $169 million of pro forma 2025 net sales and $20 million for the first quarter of 2026. The same agreements also add $91 million of receivables and $19 million of inventories to the March 31, 2026 pro forma balance sheet.
Key facts
- Historical Corteva net sales for the year ended December 31, 2024 were $16,908 million. source
- Pro forma Vylor net sales for the year ended December 31, 2024 were $9,545 million (after removing $7,363 million for the Separation of Crop Protection business). source
- Historical Corteva net sales for the year ended December 31, 2023 were $17,226 million. source
- Pro forma Vylor net sales for the year ended December 31, 2023 were $9,472 million (after removing $7,754 million for the Separation of Crop Protection business). source
- Net income from continuing operations attributable to Corteva for Pro Forma Year Ended December 31, 2024 was $767 million (historical $851 million less $84 million for Separation). source
- Net income from continuing operations attributable to Corteva for Pro Forma Year Ended December 31, 2023 was $714 million (historical $929 million less $215 million for Separation). source
- Pro forma income from continuing operations attributable to Corteva for the Three Months Ended March 31, 2026 was $470 million. source
- Pro forma income (loss) from continuing operations after management adjustments for the Three Months Ended March 31, 2026 was $479 million. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | negative | realized | -121.5% | Pro forma Vylor net sales for the year ended December 31, 2023 were $9,472 million (after removing $7,754 million for the Separation of… |
| net_income | negative | realized | -3.4% | Net income from continuing operations attributable to Corteva for Pro Forma Year Ended December 31, 2023 was $714 million (historical $929… |
| net_income | negative | realized | -1.3% | Net income from continuing operations attributable to Corteva for Pro Forma Year Ended December 31, 2024 was $767 million (historical $851… |
| net_income | positive | realized | +0.1% | Pro forma income (loss) from continuing operations after management adjustments for the Three Months Ended March 31, 2026 was $479 million. |