Vylor reaffirms 2026 forecast as quarterly loss widens

Vylor (VYLR) reported a wider pro forma loss for the third quarter and reaffirmed its 2026 forecast. The seed company completed its separation from Corteva on Oct. 1; this is its first results release as a standalone company.

Shares fell 1.1% at 9:36 a.m. ET, from a $72.10 close.

Here's how the company did:

• Pro forma net sales: $938 million vs. $944 million a year earlier
• Adjusted pro forma operating EPS: a loss of 42 cents per share vs. a loss of 41 cents a year earlier
• Adjusted pro forma operating EBITDA: a loss of $269 million, down 33% from a year earlier

The pro forma loss from continuing operations after taxes was $480 million, compared with a loss of $391 million a year earlier.

Net sales fell 1% in the quarter, as price and mix rose 6% and volume fell 9%.

For the first nine months, pro forma net sales rose 4% to $8.53 billion. Adjusted pro forma operating EBITDA rose 8% to $2.66 billion, and adjusted pro forma operating EPS was $2.37 per share, up 6%.

2026 guidance

Vylor expects adjusted pro forma operating EBITDA of about $2.8 billion and adjusted pro forma operating EPS of $2.25 to $2.35 per share.

Chief Executive Officer Chuck Magro said, "we remain on track to deliver our 2026 commitments."

Segment results

Americas pro forma net sales rose 4% for the nine months, to $6.76 billion. Segment adjusted EBITDA rose 11%, to $2.88 billion.

Rest of World pro forma net sales rose 4% for the nine months, to $1.77 billion. Segment adjusted EBITDA fell 2%, to $555 million. Lower corn volumes in Europe and India drove the volume decline.

Costs and capital returns

Separation costs were $99 million in the quarter, up from $7 million a year earlier. Research and development expense rose to $268 million from $234 million.

The board authorized a new $3 billion multi-year share repurchase program and a 13-cent common stock dividend, announced Oct. 22. The dividend is payable Dec. 7 to holders of record on Nov. 30.