---
schema_version: "secwatch.filing_event.v1"
accession: "0001755672-23-000020"
form_type: "8-K"
ticker: "CTVA"
cik: "0001755672"
company_name: "Corteva, Inc."
filed_at: "2023-10-27T23:59:59+00:00"
generated_at: "2026-06-09T07:09:52.946033+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Corteva lowers FY2023 guidance on Brazil headwinds; Q3 GAAP loss $0.45/sh

## Summary
- Q3 preliminary net sales ~$2.6B; GAAP loss from ops ~$315M (EPS $0.45).
- Q3 Operating EBITDA ~$18M; Operating EPS loss $0.23 per share.
- FY2023 net sales guidance cut to $17.0–17.3B; Operating EBITDA to $3.25–3.45B.
- FY2023 Operating EPS now $2.50–2.70; blames delayed orders, farmer margins, & generic imports in Brazil.
- Reaffirms $750M share repurchase commitment for 2023.

## SEC filing metadata
- accession: 0001755672-23-000020
- form_type: 8-K
- ticker: CTVA
- cik: 0001755672
- company_name: Corteva, Inc.
- filed_at: 2023-10-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755672/000175567223000020/0001755672-23-000020-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755672/000175567223000020/ctva-20231027.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001755672-23-000020
- JSON: https://secwatch.observer/filing/0001755672-23-000020.json
- Plain text: https://secwatch.observer/filing/0001755672-23-000020.txt

## Key facts
- Earnings Releases
  Corteva, Inc. reported full year 2023 results: revenue $17.0 billion and $17.3 billion, EPS $2.50 and $2.70 per share. Guidance lowered.
  - Period: full year 2023
  - Revenue: $17.0 billion and $17.3 billion
  - EPS: $2.50 and $2.70 per share
  - Guidance: lowered
  - Result: guidance update
  source text: Full year net sales are now expected to be in the range of $17.0 billion and $17.3 billion, with Operating EBITDA expected to be in the range of $3.25 billion and $3.45 billion. Full year 2023 Operating EPS is now expected to be in the range of $2.50 and $2.70 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755672/000175567223000020/0001755672-23-000020-index.htm
- Earnings Releases
  Corteva, Inc. reported quarter ended September 30, 2023 results: revenue approximately $2.6 billion, net income a loss of approximately $315 million. Guidance lowered.
  - Period: quarter ended September 30, 2023
  - Revenue: approximately $2.6 billion
  - Net income: a loss of approximately $315 million
  - Guidance: lowered
  - Result: preliminary results
  source text: Third quarter net sales are expected to be approximately $2.6 billion. Third quarter GAAP income and earnings per share (EPS) from continuing operations are expected to be a loss of approximately $315 million and $0.45 per share, respectively.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755672/000175567223000020/0001755672-23-000020-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.