Corteva Q1 net sales down 8% to $4.49B, EPS $0.53; reaffirms FY guidance

Corteva, Inc.

2024-Q1 EPS reported $0.60 revenue$4,492,000,000

GAAP EPS from continuing ops $0.53 vs $0.84 prior year; operating EPS (non-GAAP) $0.89 vs $1.16.
Seed net sales +2% (organic +5%) on price +6%; Crop Protection -20% (organic -21%) on volume declines.
Operating EBITDA $1.03B, down 16% YoY.
Reaffirmed FY2024 guidance: net sales $17.4-17.7B, operating EBITDA $3.5-3.7B, operating EPS $2.70-2.90.
Company plans ~$1.0B share repurchase in 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Corteva, Inc. reported the quarter ended March 31, 2024 results: revenue $4.49B, net income $376M, EPS $0.53. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Revenue: $4.49B
Net income: $376M
EPS: $0.53
Guidance: reaffirmed
Result: reported results

Exact text from the filing

or the “Company”) today reported financial results for the three months ended March 31, 2024. 1Q 2024 Results Overview Net Sales Income from Cont. Ops (After Tax) EPS GAAP $4.49B $376M $0.53 vs. 1Q 2023 (8)% (38)% (37)% Organic1 Sales Operating EBITDA1 Operating EPS1 NON-GAAP $4.58B $1.03B $0.89 vs. 1Q 2023 (6)% (16)% (23)% First Quarter 2024 Highlights

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Source: SEC EDGAR

accession 0001755672-24-000006

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