secwatch.observer — SEC 8-K summary
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Issuer:     Corteva, Inc. (CTVA)
CIK:        0001755672
Form:       8-K
Filed at:   2021-11-03T23:59:59+00:00
Accession:  0001755672-21-000025
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corteva Q3 net sales up 27% to $2.4B, raises full-year guidance, appoints new CEO Chuck Magro
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- Q3 GAAP EPS $0.05 (vs -$0.52 YoY); Operating EPS (non-GAAP) loss of $0.14, 64% improvement.
- Seed net sales +41% to $738M; Crop Protection +22% to $1.63B; total organic sales +24%.
- Raised FY net sales guidance to $15.5-15.7B and Operating EPS to $2.05-2.15; affirmed Operating EBITDA $2.5-2.6B.
- Chuck Magro (ex-Nutrien CEO) appointed CEO effective Nov 1, 2021, succeeding James Collins.
- Returned ~$1B to shareholders YTD; expects ≥$1.3B for FY including ≥$900M in share repurchases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755672/000175567221000025/0001755672-21-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755672/000175567221000025/ctva-20211103.htm
  HTML page:      https://secwatch.observer/filing/0001755672-21-000025

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