secwatch.observer — SEC 8-K summary
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Issuer:     Corteva, Inc. (CTVA)
CIK:        0001755672
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001755672-24-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755672/000175567224000006/0001755672-24-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755672/000175567224000006/ctva-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001755672-24-000006

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