earnings
confidence high
sentiment neutral
materiality 0.70
Corteva: Q4 Op EPS $0.32 vs -$0.08 GAAP; Seed & Crop Protection volumes up; FY2025 guidance $2.70-$2.95 Op EPS
Corteva, Inc.
2024-FY EPS reported
$1.30
revenue$16,908,000,000
- GAAP diluted EPS from continuing ops -$0.08 in Q4 vs -$0.33 a year ago; Operating EPS $0.32, up 113% YoY.
- Full-year 2024 net sales $16.9B (-2% YoY); Organic sales +1%; Operating EBITDA $3.4B flat; Operating EPS $2.57 (-4%).
- Seed FY net sales +1% to $9.5B; Crop Protection -5% to $7.4B; both saw volume gains in Latin America.
- 2025 guidance: Net sales $17.2-$17.6B, Operating EBITDA $3.6-$3.8B, Operating EPS $2.70-$2.95; share repurchase ~$1B.
- Cash from ops $2.3B (+27% YoY); Free cash flow $1.7B (+40%); $1.5B returned to shareholders in 2024.