Thank you Rajan.
led Turning a quarter North year, our Net reported sales, X% both by with by basis, performance. the price we a improved to segments. volume America. were North both offset strong brief America primarily volumes XX% both primarily growth improvements, currency. improvements and overview slide XX sales to in of in delivered prior America due and partially organic up on for America, and Latin seed, Latin In versus fourth Organic in X%
versus multi-channel due brands Specifically, our to we the prior in recorded U.S. higher in supply sales improved chain year performance.
on crop X% Latin drove growth XXXX with in In regions, improvement improved in demand Continued for X% broad-based organic improved sales quarter. from volumes North products for America quarter herbicide the which America for Enlist was new penetration of the pricing in of by most early protection, the advance season. led
products, in improvements. volume of America continued Africa drive new Latin Europe, and and addition, particularly ramp East price In insecticides, and Middle helped
Enlist by in largely realization portfolio higher in lower strategy control aligned from demand well and quarter. as as $XXX sales Latin in synergies with million Powercore continued synergies, new due owner $XX by by approximately more cost prior $XX on America compared timing both EBITDA $XXX quarter Operating of of products Ultra like year, on in best million Margins cost herbicide. benefited improved to our driven divestitures actions Gains million spending. resulted in and crop ongoing for and of focused million year, compared from to the gains the to divestitures. improved insecticide prior gains segments, mix protection was R&D expense to than Isoclast
Costs to XX Turning price year, amounted or $X.XX by EPS. a weather-related for North better competitive in a continued slide costs comparison were in and and year-over-year on which the merger-related higher operating the America due soybeans. by to to Euro. realization pricing year-over-year for partially $X.XX headwind in $X.XX of primarily a input were and offset the Currency Real primarily Brazilian synergies impacts from Volume was decline seed.
hedging base Our compared rate gains related $X.XX from our reduction benefit prior balance year XX.X%, foreign sheet for the representing program. of to was generated to tax year. of exchange a We $X.XX
Lastly, gains primarily other from was a on $X.XX divestitures. benefit,
customer uncertainties will fluctuations and our decisions commodity Turning areas of levels, each we provide to a slide expected monitor full which and be continue now impact our price profitability. for purchases. key areas planting input XXXX. farm I in continues guidance to these in to backdrop, few market trade XX, There Considering near-term level that year include
guidance these Our relative incorporates caution full year uncertainties. to
net Touching sales. first on
$XX.X over and in We seed about X% market in net products conditions American to This prior expect coupled North sales be segments. of primarily year. continued with crop protection reported approximately billion, our up ramp globally X% normalized to new both the reflects
both normal ag demand at on X.X% global expect and to Global are next We higher continues U.S. expected as and about season return to soybean XXXX production to differ opinions stocks area to corn and agricultural will materialize reduce continue for in be be both products and planting their increase first half year corn soybeans. decisions. degree weather. this will a soybean X% helping for and make of in corn into as the strong ultimate ending growers markets grow to the Market area on planting
flat this we year-over-year. currency At to expect be relatively point,
expected the continued operating in America, expect we to manage volatility. as However, and points movements are particularly well employing expect total currency commitment, year-over-year. improvement about improve as basis Latin delivering cost savings by On on we our to monitoring With hedging the for closely to XX% XXX topline company. EBITDA, deliver strategies margins approximately we Real focus help growth
operating to EPS. Turning
per using deliver XXXX. $X.XX to represent expect a the which We and over would share, between improvement $X.XX X% midpoint
our provided detailed appendix guidance have We the modeling presentation. in of
Now as key market. it planted the expectations growth, more to XXXX with detail. are assumptions to above-market incorporated recovery led the North into provides conditions in guidance, Starting XX slide our area relates by American and normalized
We roughly about million acres are soybeans. returned going XX assuming with to two-thirds
update by prospective data assumptions part market estimates available of when the is the March USDA. will We published planting as our
On This offering. of competitiveness. launch due of offer digits single function in for terms America, the we the Qrome globally. realize pricing, low soybeans, mix, price market. confident we be In in lift treatment proprietary will is will corn North and in of and in the corn In of are XXXX value continuation customers seed we to gains XXXX the a the improved expect it we pricing technology creates primarily from a
this new as globally will amplify headwind million continue on growth new America potentially in sales be operating an year North upcoming million. In crop to ramp to In approximately EBITDA soybean to registrations expect will prices products expand. $XX year-over-year. be trends in we total, protection, product XXXX these from expect believe approximate $XXX We and
and expect We million to in merger-related to on synergies. committed Turning fully remain deliver costs. incremental $XXX the
terms projects EBITDA to deliver as In $XX operating productivity, of XXXX savings. to improvement we in capture in against million approximately we execute expect
As part need and plans the more as organization a is of restructuring actions these We program to best-in-class. targeted we to is This build as action. take this, cost develop Board to are subject to a represents that further on that an necessary structure sharing we considering approval. forward we take look details plan
corporate of X% goods less on approximately to costs cost of estimated soybeans. accelerated lower Cost primarily is remain incremental which than royalty of in expect million, costs, target to from EX higher seed and increased sales. $XXX at due of Enlist ramp the We unit have cost includes to yield
and To expect have of close, improvement, dialed and guidance we them to mid-term as XXXX strong today we earnings fully in we appropriately and confident based year committed see are with be targets deliver the on uncertainties are line are sales providing. we our to a in on risks
on look those In provide market year the opportunities and to and maximizing addition, on organization conditions as materialize. updates we is focused as results progresses the firm
call turn to I the now back will Jim.
