secwatch.observer — SEC 8-K summary
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Issuer:     Corteva, Inc. (CTVA)
CIK:        0001755672
Form:       8-K
Filed at:   2023-08-03T23:59:59+00:00
Accession:  0001755672-23-000015
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corteva Q2 GAAP EPS $1.23, cuts FY guidance; Seed EBITDA +18%, Crop Protection -37%
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- Q2 net sales $6.05B (-3% YoY); GAAP EPS $1.23 (-10%); Operating EPS $1.60 (-2%).
- Seed net sales +8% (organic +9%); operating EBITDA $1.46B (+18%) on price +12%.
- Crop Protection net sales -23% (organic -26%); operating EBITDA $320M (-37%) on volume declines.
- FY 2023 guidance lowered: net sales $17.9-18.2B, Op. EBITDA $3.50-3.65B, Op. EPS $2.75-2.90.
- Dividend increased 7% annualized; Enlist E3 soybean tech at 55% U.S. penetration.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755672/000175567223000015/0001755672-23-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755672/000175567223000015/ctva-20230803.htm
  HTML page:      https://secwatch.observer/filing/0001755672-23-000015

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