Corteva Q1 2022 net sales up 10% to $4.6B; Operating EPS $0.97 beats year-ago $0.79

Corteva, Inc.

2022-Q1 EPS reported $0.78 revenue$4,601,000,000

GAAP EPS $0.79 vs $0.81; Operating EPS $0.97, +23% YoY, on strong price execution and volume.
Operating EBITDA $1.04B (+15% YoY); Crop Protection segment EBITDA up 53% to $491M.
Organic sales grew 16% with double-digit gains in all regions; Seed price +8% globally.
Affirms FY net sales $16.7-17.0B, EBITDA $2.8-3.0B; adjusts Operating EPS to $2.35-2.55.
Exits Russia operations; announces new business unit structure and new product pipeline momentum.

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