secwatch.observer — SEC 8-K summary
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Issuer:     Corteva, Inc. (CTVA)
CIK:        0001755672
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001755672-24-000017
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1755672/000175567224000017/0001755672-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1755672/000175567224000017/ctva-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001755672-24-000017

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