Corteva Q2 GAAP EPS $1.51, up 23% YoY; cuts FY guidance; names new CFO

Corteva, Inc.

2024-Q2 EPS reported $2.10 revenue$10,604,000,000

Seed EBITDA +16% to $1.70B on 5% price lift; Crop Protection EBITDA -20% to $255M on pricing pressure.
FY guidance cut: net sales $17.2-17.5B, op EBITDA $3.4-3.6B, op EPS $2.60-2.80; $1B buyback.
CFO David Anderson retiring Sept 16; ex-Atkore CFO David Johnson appointed with $725k salary, $2.8M RSU.
Q2 net sales $6.11B (+1% YoY); GAAP EPS from cont ops $1.51 vs $1.23; Operating EBITDA $1.92B (+10%).

item 2.02 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

David P. Johnson

executive vice president and chief financial officer

CTVA · Corteva, Inc.

Effective: 2024-09-16
Filed: July 31, 2024, 7:59 PM ET

David P. Johnson, age 57, will replace Mr. Anderson as executive vice president and chief financial officer effective September 16, 2024.

Departed

David J. Anderson

executive vice president and chief financial officer

CTVA · Corteva, Inc.

Effective: 2024-09-16
Successor: David P. Johnson
Filed: July 31, 2024, 7:59 PM ET

David J. Anderson, executive vice president and chief financial officer, notified the Company on July 26, 2024, of his intent to retire effective September 16, 2024.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 1.0

David P. Johnson was appointed as executive vice president and chief financial officer at Corteva, Inc..

Action: appointed
Role: executive vice president and chief financial officer

Exact text from the filing

David P. Johnson, age 57, will replace Mr. Anderson as executive vice president and chief financial officer effective September 16, 2024.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 1.0

David J. Anderson retired as executive vice president and chief financial officer at Corteva, Inc..

Action: retired
Role: executive vice president and chief financial officer

Exact text from the filing

David J. Anderson, executive vice president and chief financial officer, notified the Company on July 26, 2024, of his intent to retire effective September 16, 2024.

View on SEC.gov

Corteva, Inc. filing history →

Source: SEC EDGAR

accession 0001755672-24-000017

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