---
schema_version: "secwatch.filing_event.v1"
accession: "0001755672-24-000021"
form_type: "8-K"
ticker: "CTVA"
cik: "0001755672"
company_name: "Corteva, Inc."
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:41:17.135265+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Corteva reports Q3 loss, updates FY guidance, announces restructuring cost increase

## Summary
- Q3 2024 net sales $2.33B (-10% YoY); GAAP loss from cont. ops $519M; GAAP EPS -$0.76.
- Seed sales $691M (-21% YoY) on lower corn area in Argentina; Seed segment EBITDA -$320M vs -$138M prior year.
- Crop Protection sales $1.64B (-4% YoY) but volume +11%; segment EBITDA $246M (+34% YoY).
- Updated FY2024 guidance: net sales $17.0-17.2B; Op. EBITDA $3.35-3.45B; Op. EPS $2.50-2.60; expects ~$1B share repurchases.
- Restructuring charges revised to $650-700M pre-tax (incl. Pittsburg plant exit); cash $330-360M; completion by end-2026.

## SEC filing metadata
- accession: 0001755672-24-000021
- form_type: 8-K
- ticker: CTVA
- cik: 0001755672
- company_name: Corteva, Inc.
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1755672/000175567224000021/0001755672-24-000021-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1755672/000175567224000021/ctva-20241106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001755672-24-000021
- JSON: https://secwatch.observer/filing/0001755672-24-000021.json
- Plain text: https://secwatch.observer/filing/0001755672-24-000021.txt

## Key facts
- Restructurings & Charges
  Corteva, Inc. announced a restructuring with charges of $650 million to $700 million affecting Crop Protection network of manufacturing and external partners (Pittsburg, California site and select manufacturing lines at other locations).
  - Type: restructuring
  - Charge: $650 million to $700 million
  - Affected area: Crop Protection network of manufacturing and external partners (Pittsburg, California site and select manufacturing lines at other locations)
  source text: Management of the Company amended the Crop Protection Operations Strategy Restructuring Program to include revisions to its previous estimates and decommissioning and demolition costs associated with the ceasing of operations, primarily at the Pittsburg, California site. The Company now expects to record aggregate pre-tax restructuring and asset related charges of $650 million to $700 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1755672/000175567224000021/0001755672-24-000021-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.