secwatch.observer — SEC 8-K summary
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Issuer:     Corteva, Inc. (CTVA)
CIK:        0001755672
Form:       8-K
Filed at:   2024-01-31T23:59:59+00:00
Accession:  0001755672-24-000002
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corteva reports FY2023 operating EBITDA up 5% to $3.38B; provides 2024 guidance with mid-point growth
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- Q4 net sales $3.71B (-3% YoY); GAAP loss from cont. ops $231M (EPS -$0.33).
- FY2023 net sales $17.23B (-1% YoY); GAAP net income $941M, EPS $1.30.
- FY2023 operating EBITDA $3.38B (+5% YoY); operating EPS $2.69 (+1% YoY).
- Seed segment net sales +5% to $9.47B with 13% price increase; Crop Protection net sales -9%.
- 2024 guidance: net sales $17.4-17.7B, operating EBITDA $3.5-3.7B, operating EPS $2.70-2.90, ~$1B share repurchases.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755672/000175567224000002/0001755672-24-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755672/000175567224000002/ctva-20240131.htm
  HTML page:      https://secwatch.observer/filing/0001755672-24-000002

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