secwatch.observer — SEC 8-K summary
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Issuer:     Corteva, Inc. (CTVA)
CIK:        0001755672
Form:       8-K
Filed at:   2023-10-27T23:59:59+00:00
Accession:  0001755672-23-000020
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755672/000175567223000020/0001755672-23-000020-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755672/000175567223000020/ctva-20231027.htm
  HTML page:      https://secwatch.observer/filing/0001755672-23-000020

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