---
schema_version: "secwatch.filing_event.v1"
accession: "0001755672-23-000022"
form_type: "8-K"
ticker: "CTVA"
cik: "0001755672"
company_name: "Corteva, Inc."
filed_at: "2023-11-08T23:59:59+00:00"
generated_at: "2026-06-08T09:52:43.332875+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Corteva Q3 net loss $315M; affirms FY guidance; announces $410-460M restructuring

## Summary
- Q3 net loss from continuing ops $315M, diluted EPS -$0.45; organic sales down 13% vs prior year.
- Seed net sales $878M (+2%) on 14% price; Op EBITDA -$138M, improvement of 38% YoY.
- Crop Protection net sales $1.71B (-11%); Op EBITDA $184M (-48%) on volume declines.
- FY guidance reaffirmed: net sales $17.0-17.3B, Op EBITDA $3.25-3.45B, Op EPS $2.50-2.70.
- Restructuring plan: exit Pittsburg CA site, charges $410-460M, $165-175M impairment in Q4, ~$100M run-rate savings by 2025.

## SEC filing metadata
- accession: 0001755672-23-000022
- form_type: 8-K
- ticker: CTVA
- cik: 0001755672
- company_name: Corteva, Inc.
- filed_at: 2023-11-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 2.05, 2.06, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755672/000175567223000022/0001755672-23-000022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755672/000175567223000022/ctva-20231108.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001755672-23-000022
- JSON: https://secwatch.observer/filing/0001755672-23-000022.json
- Plain text: https://secwatch.observer/filing/0001755672-23-000022.txt

## Key facts
- Earnings Releases
  Corteva, Inc. reported quarter ended September 30, 2023 results: revenue $2.59B, net income $(315)M, EPS $(0.45). Guidance reaffirmed.
  - Period: quarter ended September 30, 2023
  - Revenue: $2.59B
  - Net income: $(315)M
  - EPS: $(0.45)
  - Guidance: reaffirmed
  - Result: reported results
  source text: today reported financial results for the third quarter and nine months ended September 30, 2023. 3Q 2023 Results Overview Net Sales Loss from Cont. Ops (After Tax) EPS GAAP $2.59B $(315)M $(0.45) vs. 3Q 2022 (7)% +2% - Organic1 Sales Operating EBITDA1 Operating EPS1 NON-GAAP $2.41B $18M $(0.23) vs. 3Q 2022 (13)% (81)% (92)% 2023 YTD Results Overview Net
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755672/000175567223000022/0001755672-23-000022-index.htm
- Earnings Releases
  Corteva, Inc. reported nine months ended September 30, 2023 results: revenue $13.52B, net income $1.17B, EPS $1.63. Guidance reaffirmed.
  - Period: nine months ended September 30, 2023
  - Revenue: $13.52B
  - Net income: $1.17B
  - EPS: $1.63
  - Guidance: reaffirmed
  - Result: reported results
  source text: Sales Operating EBITDA1 Operating EPS1 NON-GAAP $2.41B $18M $(0.23) vs. 3Q 2022 (13)% (81)% (92)% 2023 YTD Results Overview Net Sales Income from Cont. Ops (After Tax) EPS GAAP $13.52B $1.17B $1.63 vs. 2022 YTD (1)% (7)% (5)% Organic1 Sales Operating EBITDA1 Operating EPS1 NON-GAAP $13.48B $2.99B $2.54 vs. 2022 YTD (1)% +5% +2% 2023 YTD Highlights • 2023 YTD
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755672/000175567223000022/0001755672-23-000022-index.htm
- Restructurings & Charges
  Corteva, Inc. announced a restructuring with charges of $410 million to $460 million affecting Crop Protection network of manufacturing and external partners.
  - Type: restructuring
  - Charge: $410 million to $460 million
  - Affected area: Crop Protection network of manufacturing and external partners
  source text: The plan includes the exit of the Company’s production activities at its site in Pittsburg, California, as well as ceasing operations in select manufacturing lines at other locations. The Company expects to record aggregate pre-tax restructuring and asset related charges of $410 million to $460 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755672/000175567223000022/0001755672-23-000022-index.htm

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