secwatch.observer — SEC 8-K summary
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Issuer:     Corteva, Inc. (CTVA)
CIK:        0001755672
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001755672-23-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corteva Q1 organic sales up 10% to $5.06B; raises FY2023 guidance on strong price execution
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- GAAP EPS $0.84 vs $0.79 YoY; Operating EPS $1.16 vs $0.97, up 20% on price and productivity.
- Net sales $4.88B (+6% reported, +10% organic); Seed net sales +7% (organic +10%).
- Crop Protection segment operating EBITDA $603M (+23% YoY) driven by broad-based price execution.
- Raises FY2023 outlook: net sales $18.6-18.9B, Operating EBITDA $3.55-3.75B, Operating EPS $2.80-3.00.
- Completed acquisitions of Symborg and Stoller to expand Biologicals platform.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755672/000175567223000009/0001755672-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755672/000175567223000009/ctva-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001755672-23-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer