you, today. for to company. the our also reported joining those significant call our reporting quarter and Thank DowDuPont, our customers on months Two are results culmination as X, for of independent a employees, Corteva for Megan, and a June Corteva, quarter we our milestone our today, journey second years pleased Earlier separation completed first and thank ago, you the milestone now, shareholders. we our of say, of to from an we X.X
quarter ensuring play, solutions the spend, foundation our pure as of those focused a new of lives A produce enriching With of leadership kind to public on created to built consume, farmers, those That transpired ag a the integrated in our our that disruptions, and us; deepened planting XXX to on we and unprecedented new in of company. that purpose. who planting, second America market challenges market this list delays, trade-related without industry, is The customers lens North turn, to long when precedent. for our viewed presented history. the and considerable years the delayed from are tracking industry resolve our on and delivering on flooding, backdrop of insect global bringing and and, region a have season data who our early in And In events pressures, exceptional days, come. deliveries, progress the prevented is company, in for purpose. generations
to of the These results hard actions shareholder X. Slide spend quality creation noted priorities on our and both events, historic value these and continue deliver to our disruptions, quarter progress we amid for are targeting. the this that underscore market guide Now we've priorities worked our on
over to a shareholders, the we In announced billion to shareholders. program two the expect to the First, reinforced which to commitment of we announcements authorization years. $X to our return this buyback complete cash share quarter return next June, three excess
dividend $X.XX quarterly a with of share, declared earlier per consistent we our indications. Additionally,
proof innovative licensing licenses have long-term our began to to trait, where I'm strategy. are over we our On our to report our to XXX pleased confidence already priority income developing points related EX related we of second date. These solutions, recognizing quarter, Enlist strength the that in regarding in the executed
We also in began sold. units market traction in terms seeing of the
Over our XXX,XXX units through quarter. network were sold in rep the
this North our having of XX% our toward America overall XXXX. a represents highlights on planted Although, our groundwork small acres it percentage of technology target units, of this early in reaching
sales and launches from and product Arylex both growth operating fungicides quarter Now beyond Ultra Isoclast in Crop in are and Zorvec overall insecticides Enlist in Protection. herbicides, Seed improvement EBITDA and EX soybeans, with new driving Qrome the PowerCore
see product Protection Rinskor We label solid Isoclast, Zorvec. geographic with for Crop continue to portfolio and momentum expansions in Arylex, our
recent very of Isoclast target the set this the priority quarter frame received exceeding and and delivered the for approximately million. year, half cost the our advantage Rinskor. about cost for in structure, Brazil original in On we registration we million million by includes This $XX through best-in-class around in cost this $XXX synergies first in time cost and synergies $XXX
when the Overall, cost quarter, have have of since savings you end cumulative closed, the we merger this of is approximately commitment. which we $X.X up of add $XXX delivered our XX% realized what billion million through
over E targeting improvement regard, additional in operating further or To On in that, next W. announced top company-wide year Win, EBITDA quarter this we Execute initiative years. we To are a $XXX that earlier this launched of the To are calling five this progress that an we our we million
gains growth providing our on owner reinforcement establishing We an and effort and term. the coming detail on deliver additional This productivity employees to will is that drive effort of mindset months. this to productivity forward our sustain be needed in cultural plans the to all long for focused look and our
quarter set in outside what performance. of we of Though growth operating demonstrating North organic Outside America the expectations in sales performance balance XX% And by to the we've America, strong negatively XX% market, our impacted today. global demonstrate of inherent regarding second our net growth sales that deliver finally, were results realized North our on North and footprint of we and and American results promise. realize our ability the capitalize quarter,
for significantly pricing highlights decreased quarter delayed acres segments few from missed X% in the reduced year. Crop Chart by volume both our to the weather So X the North in ongoing in last declines same indicators Protection planted resulted sales planting, due were performance and during and impacted on key a America also Sales Market the versus disruptions Net Seed. currency quarter. headwinds moving and quarter. pressures in to applications
volume reflecting Outside the significant of quarter of Latin from strength America. to were the launches versus improvement, price America, up on new season sales early product benefit net to an and the the same North year last XX% both and demonstrating start organic period in our
market. American increases currency, for decreased products new in margin America. raw offset the the EBITDA X% cost Protection expansion declines to North the quarter, in Crop for material Operating resulted impact largely in the driven in by partially and which of quarter, Demand North helped declines
Selling, results. costs to of basis. declined quarter well declines light the net This synergies as administrative highlights of market-driven curtail and R&D the of cost teams the X% our as on spending discretionary result our in benefit are taking the in the in impacts our a actions
planted X% switching our and results remains sales shows of to weather-related highlights due to are and Protection second planted on a inventories USDA delays Protection perform declined significant July products for of expected the that XX. America, that applications. start the in North the loss Crop area, level I'll quarter X North a planting broad America. channel acres, reductions quarter region. Crop a announced Slide impacting on North released to elevated with resurvey by in in Uncertainty American August drove the in plans is be restocking. The
actions, Corteva note, are customers Crop price price pricing. is Protection generic demand for driven joint Corteva and Cash. like competitive initiatives large impacting distributor TruChoice products Additionally, with are a On strong, that by pressure and positive offers indications inventory-reduction Pioneer
early strong America, with that [ph] the normally continued organic on to start season we up very toward started spring The of summer net the December early sales season. XX% Moving and XXXX basis. an Latin with to a early estimate season We demand with has are strong an trend new sales, in herbicides including quarter, seeing growth Ultra PowerCore Seed. products moved and been in for in corn that Crop Leptra also in million and the Dermacor occurred picoxy, approximately $XX the into have in products, Sales in have Protection year-over-year bolstered for would demand second quarter. have third by
is up pricing net Pacific, across markets the address several across. seeing headline is region Crop volume sales volume growth Protection Corteva solution crops. strong with growth to supply-constrained, evident on due XX%, and and organic customers in to Asia to broad-based have clear region. pleased in products the pressure offer In is pest higher pest The high-demand to a Spinosyn pressures price insecticides and
market. supply in Our remains constrained, tool while local an the important Spinosyn's technology,
Asia and growth, in and Spinosyn’s of growth in pricing to seed rice the results contributed to both in addition In launch quarter herbicide Pacific. rice corn Rinskor in China the the
up Europe, delivered Europe Middle in region had basis. in and East Eastern sales treatments. model cereal of like the Zorvec on portfolio, the EMEA has contributing in gains organic with also due oil particularly in a growth Protection Eastern season, implementation grapes in direct have sunflower Currency in recently growth in to Share The X%. herbicides Lumiposa in of particularly fungicide, potatoes. also devaluation Finishing our And Seed. penetration delivered strong in Production growth has a are Increased Africa, agency Europe and volume an by for organic overall seed X% impacted Arylex new seed strong and Crop products, Crop region launched to demand gains. region.
and our and guidance EBITDA operating of turn updates X and now to the EBITDA. for I'll operating second our cover half for first drivers to full Slide year the the results half
is to pro first the last at half, compared Looking EBITDA the XX% same period down operating year. forma
synergies expected delivered million costs where ahead to $XXX controlling and of $XX it in on realizing focus half, Our we million first cost be. the about
the impacted In in price, generated million with products, first half, in that Starting terms of improvement segment. our EBITDA we several drivers $XX of results. there Crop volume the Protection predominantly and new were
includes and in the the half before incremental American $XXX North estimate market. and Price deliveries This of impact a that across lower-than-expected North represents versus of delayed occurred area an fourth and XXXX. planted improvements shorter-maturity first also in American that the to to market the for Seed the $XXX of factor impact the third year headwind, soybeans first contributed applications of estimate half missed early Crop last sales, canola, portfolio as our corn, an lower into the the rest products. well quarter delivery estimate products, the benefit million that corn We million in margin volume approximate including we for as shifts quarter reflects shifted Protection
market $XXX million. approximately from be estimated the shifts, conditions with to in North the year seasonal Netting impact the full America is challenging
the third the season, due primarily This statements to we second the high Looking second Latin the on shifted year in quarter ahead we some by North offset portfolio. demand early-season price volumes revenue in half into soybeans. supply strong to to quarter, directly American almost due second insecticide expect improvement the the with late shifting in is see year-over-year earlier the constrained, Seed impact our that primarily Consistent our into on products, half, this continue America. to
to the And we second in half. expect in have America Latin improvement year-over-year
synergies additional we I this, We'll to actions other them. related the operating keep stage from the more savings we $XXX million savings beginning to EBITDA will $XXX improvements, specific work initiatives have On momentum top incremental our as annual through We to incremental our in on half, up of to million. share second earlier. mentioned to bringing additional cost deliver in are productivity
in for improvement by represents prior total, million the of second using improvement the operating the over deliver in year, the second with range In expect half. May breakeven approximate we that's the line EBITDA This midpoint about an guided back is to $XXX we provided. which to half for
flat to up, fiscal operating On for we add to headwinds. organic sales using full currency about EBITDA the versus midpoint. XXXX, down of on are basis, billion roughly of be year XXXX, X%, $X.XX We about $X.X sales it predominantly means for declines net X% all guiding year-over-year. expect we XXXX, to we On this an range billion an expect
call that to will it how to-date. difficult is over Now to year this turn before Greg, been I saying challenging has summarize overstate by the I
a be the our waited we chance company, to what intend team show However, a can time and deliver. to has long for the market we standalone
who into over I'll first to and quarter our will the that, it details Greg? results. second half With get Greg, turn behind