Corteva reports FY2022 operating EPS $2.67, net sales $17.46B; guides FY2023 operating EPS $2.70-$2.90

Corteva, Inc.

2022-FY EPS reported $1.58 revenue$17,455,000,000

Q4 GAAP loss from continuing ops $41M, EPS -$0.06; operating EPS $0.16 (+100% YoY).
FY2022 net sales $17.46B (+11% YoY), organic +15%; operating EBITDA $3.22B (+25%).
Seed sales $8.98B (+7%), Crop Protection $8.48B (+17%); both segments saw price gains.
2023 guidance: net sales $18.1-18.4B, operating EBITDA $3.4-3.6B, operating EPS $2.70-$2.90.
Acquisitions of Stoller and Symborg expected to close in first half 2023.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Corteva, Inc. reported Three months ended December 31, 2022 results: revenue $3.83B, net income $(41)M, EPS $(0.06).

Period: Three months ended December 31, 2022
Revenue: $3.83B
Net income: $(41)M
EPS: $(0.06)
Result: reported results

Exact text from the filing

4Q 2022 Results Overview Net Sales Loss from Cont. Ops (After Tax) EPS GAAP $3.83B $(41)M $(0.06)

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Corteva, Inc. reported Full year 2023 results: revenue $18.1 billion to $18.4 billion, EPS $2.70 to $2.90 per share. Guidance initiated.

Period: Full year 2023
Revenue: $18.1 billion to $18.4 billion
EPS: $2.70 to $2.90 per share
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company provided full-year 2023 guidance3 and expects net sales in the range of $18.1 billion to $18.4 billion. Operating EBITDA1 is expected to be in the range of $3.4 billion to $3.6 billion. Operating EPS1 is expected to be in the range of $2.70 to $2.90 per share.

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Corteva, Inc. filing history →

Source: SEC EDGAR

accession 0001755672-23-000003

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