Earnings OutlookOutlook Revised Down. 2024 sales guide of $4.3B-4.5B was revised down from $4.50-$4.70B and versus consensus of $4.5B.
Financial PerformanceSteep cost cutting, including double-digit percentage cuts to R&D spending, as well as increased diamide competition, could weigh on earnings growth in the years ahead.
Market EnvironmentLower prices in North America, EMEA, LatAm, and India on intensified competitive pressures and one-time incentives to customers prevailed during the quarter.