earnings
confidence high
sentiment positive
materiality 0.85
Corteva Q2 sales $6.25B (+11% YoY), raises full-year EPS guidance to $2.45-$2.60
Corteva, Inc.
2022-Q2 EPS reported
$2.11
revenue$10,853,000,000
- Q2 GAAP EPS $1.37 (flat YoY); Operating EPS $1.64 (+17%) on strong price execution.
- Crop Protection sales $2.31B (+25%) led by Enlist and Onmira; Seed sales $3.95B (+4%).
- Full-year guidance raised: Net sales $17.2-17.5B, Operating EBITDA $2.95-3.10B.
- Dividend increased ~7% annualized, effective Q3 2022.
- Announced restructuring with $400M total charges (ex-Russia), targeting $200M+ savings by 2025.