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Vylor Reaffirms Full-Year Guidance on Strong YTD Results, Advances Leading Technology

VYLR
  • Vylor, Inc. reported third quarter and nine months ended September 30, 2026, financial results following its separation from Corteva.
  • Americas year-to-date results showed strong demand for latest hybrids & varieties with net licensing improvements in corn & soybeans.
  • Rest of World year-to-date results reflected continued demand for top technology, partially offset by weather-related volume impacts.
  • Full-year 2026 guidance was reiterated to support confidence in the 2029 Financial Framework announced at the September 15 Investor Day.
  • The Board authorized a new $3 billion share repurchase program & a $0.13 per share dividend to reinforce long-term value creation.
  • Third quarter pro forma net sales were $938 million, a 1% decrease year-over-year, with pro forma organic sales down 3%.
  • Nine months 2026 pro forma net sales reached $8.53 billion, a 4% increase, while pro forma organic sales grew 2%.
  • Americas pro forma net sales increased 4% year-to-date, driven by a 3% price/mix improvement & higher licensing income.
  • Rest of World pro forma net sales increased 4% year-to-date, with a 5% price/mix increase offsetting a 4% volume decline due to weather.
  • GAAP pro forma income from continuing operations for the nine months was $1.01 billion ($1.50 EPS), while adjusted pro forma operating EBITDA was $2.66 billion ($2.37 EPS).
  • The company expects full-year adjusted pro forma operating EBITDA to be approximately $2.8 billion & adjusted pro forma operating EPS to be $2.25 to $2.35.
  • Vylor highlighted a $19 billion technology pipeline with 12 groundbreaking launches planned over the next decade across corn, soybeans, & wheat.
  • The company projects gross licensing income to reach over $1 billion by 2035 & approach $2 billion by 2040 via Vylor One.
  • Long-term targets for 2029 include net sales of $11.2 billion to $11.9 billion & operating EBITDA of $3.3 billion to $3.7 billion.
  • The third quarter saw a 9% volume decrease globally, primarily driven by lower corn acreage in North America & weather impacts in Rest of World.
  • Price/mix increased 6% in the third quarter & 5% year-to-date in Rest of World, reflecting the company's price-for-value strategy.
  • A live webcast for the third quarter earnings conference call is scheduled for November 12, 2026, at 9:00 a.m. ET.
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Vylor
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Vylor