earnings
confidence high
sentiment positive
materiality 0.80
Corteva Q4 net sales +8% to $3.48B; FY21 EPS $2.44, guides FY22 EPS $2.30-$2.50
Corteva, Inc.
2021-FY EPS reported
$2.37
revenue$15,655,000,000
- Q4 GAAP EPS from cont. ops $0.21 (+62% YoY); operating EPS $0.08 (+100% YoY).
- Full-year net sales $15.65B (+10%); GAAP net income $1.822B vs $756M in 2020.
- Crop Protection net sales +12% to $7.25B; Seed +8% to $8.4B; Enlist system sales $870M nearly double 2020.
- FY22 guidance: net sales $16.7-17.0B, operating EBITDA $2.8-3.0B, operating EPS $2.30-$2.50.
- Returned $1.3B to shareholders in 2021 ($950M buybacks); plans $1.0-1.5B in 2022.