Materials
Agricultural Inputs
$38.77B
22.5K
Key insights and themes extracted from this filing
The 10-K filing indicates a 2% decrease in net sales to $16.908 million, with a 1% decrease attributed to price adjustments and a 3% decrease due to unfavorable currency exchange rates. This was partially offset by a 2% increase in volume.
The cost of goods sold decreased from $9,920 million to $9,529 million. This was primarily driven by favorable currency effects, ongoing cost and productivity actions, and Crop Protection raw material deflation.
Operating EBITDA was $3,376 million, which is slightly lower than the $3,381 million reported in the previous year. This was primarily driven by competitive Crop Protection pricing and continued investment in Seed research and development.