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CORTEVA ™ agriscience Corteva Reports Second Quarter and First Half 2021 Results , Raises Full - Year Guidance WILMINGTON , Del . , August 5 , 2021 – Corteva , Inc. ( NYSE : CTVA ) ( " Corteva " or the " Company " ) today reported financial results for the second quarter and six months ended June 30 , 2021 . 2Q 2021 Results Overview ● ● GAAP vs. 2Q 2020 1H 2021 Results Overview NON - GAAP vs. 2Q 2020 GAAP vs. 1H 2020 NON - GAAP vs. 1H 2020 Net Sales $ 5.6B + 8 % Organic¹ Sales $ 5.5B + 6 % Net Sales $ 9.8B + 7 % First Half 2021 Highlights • Net Sales for the first half of 2021 grew 7 % versus prior year . Organic¹ sales rose 6 % during the same period . Volume and price gains and continued penetration of new products together reflected strong execution globally . Organic¹ sales increased in every region , with double - digit growth in Latin America . Organic¹ Sales $ 9.7B + 6 % News Release 2Q / 1H 2021 Crop Protection net sales grew 12 % and organic¹ sales increased 10 % for the first half . Sales of new products rose approximately $ 260 million versus the first half 2020 . Seed net sales increased 5 % and organic¹ sales grew 4 % compared to the year - ago period . Gains were led by strong corn sales in Latin America , together with increased North America³ planted area and penetration for Enlist E3 ™ M 2 soybeans . Corn price was up 3 % globally . Income from Cont . Ops ( After Tax ) $ 1.02B + 33 % Operating EBITDA¹ $ 1.46B + 18 % Income from Cont . Ops ( After Tax ) $ 1.63B + 56 % Operating EBITDA¹ $ 2.37B + 17 % ● ● EPS ● $ 1.37 + 36 % Operating EPS¹ $ 1.40 + 11 % EPS • GAAP income and earnings per share ( EPS ) from continuing operations were $ 1.6 billion and $ 2.18 per share for the first half 2021 , respectively . $ 2.18 + 59 % Operating EPS¹ $ 2.19 + 18 % Strong price execution and volume gains in both segments drove Operating EBITDA¹ improvement of 17 % to $ 2.37 billion , as compared to the same period last year . The Company continued to drive productivity progress in the first half , which partially offset the impact of ongoing market driven cost headwinds . Management increased full year 2021 net sales and earnings guidance4 ; and expects net sales in the range of $ 15.2 billion to $ 15.4 billion . Operating EBITDA¹ is expected to be in the range of $ 2.5 billion to $ 2.6 billion . 1. Organic Sales , Operating EPS and Operating EBITDA are non - GAAP measures . See page A - 6 for further discussion . 2. Enlist E3TM soybeans are jointly developed by Corteva Agriscience LLC and MS Technologies ™ M . 3. North America is defined as U.S. and Canada . EMEA is defined as Europe , Middle East and Africa . 4. The Company does not provide the most comparable GAAP measure on a forward - looking basis . See page 6 for further discussion . 5. Represents coverage of total North America market , including branded , competitors and licensees . 6. Rest of World is defined as Europe , Middle East and Africa ( EMEA ) , Latin America and Asia Pacific and excludes North America ( U.S. and Canada ) . 1