Corteva Inc Stock Price, News & Analysis

Corteva Agriscience, BASF, and MS Technologies have announced a licensing agreement to develop next-generation Enlist E3 soybeans featuring a nematode resistant soybean (NRS) trait. This new trait aims to significantly enhance soybean yield by providing superior protection against nematode pests, particularly the soybean cyst nematode (SCN), which causes over $1 billion in annual losses for U.S. farmers. The companies expect commercialization in the late 2020s, pending regulatory approvals. The partnership enhances farmers' capabilities to manage weed and pest resistance effectively.

Corteva (NYSE: CTVA) is set to hold an Investor Day on September 13, 2022, at its Johnston, Iowa Business Center. The event will feature key updates on the company's strategy, technology pipeline, and financial framework. Presentations will occur from 9 a.m. to Noon Eastern Time, including contributions from CEO Chuck Magro and other senior executives. Interested parties can register for the webcast on the Investor Relations website, with a replay available afterward. This event underscores Corteva’s commitment to addressing global agricultural challenges.

Corteva, Inc. (NYSE: CTVA) announced that CEO Chuck Magro will speak at the BMO Global Farm to Market Conference on May 18, 2022, at 11:00 a.m. Eastern Time. The event will be accessible via a live webcast, with a recording available for 90 days post-event. Corteva is a global agriculture company dedicated to providing innovative solutions for pressing agricultural challenges, combining a unique distribution strategy with a diverse portfolio of seed, crop protection, and digital products. For more details, visit the Corteva website.

Corteva reported strong financial results for Q1 2022, achieving net sales of $4.60 billion, up 10% from the previous year. Organic sales grew 16%, with Crop Protection sales rising 23% and EPS at $0.79 reflecting a 4% decline year-over-year. The company maintained its guidance for 2022, expecting net sales between $16.7 billion and $17.0 billion. Strategic initiatives include a business realignment and new product launches, aimed at enhancing operational performance amidst ongoing global challenges.

Corteva, Inc. (NYSE: CTVA) announced a common stock dividend of 14 cents per share, which will be paid on June 15, 2022, to shareholders of record as of May 13, 2022. This decision reflects Corteva's commitment to returning value to shareholders. The announcement also highlights Corteva's strategic focus on growth and innovation in the agriculture sector to address global challenges, emphasizing a balanced mix of products and services aimed at enhancing productivity for farmers.

Corteva, Inc. (NYSE: CTVA) will release its first quarter 2022 earnings on May 4, 2022, after market close. A live webcast of the earnings conference call is scheduled for May 5, 2022, at 9:00 a.m. Eastern Time. The accompanying slide presentation will be available on the Investor Events and Presentations page. A replay of the webcast will be accessible until May 5, 2023. Corteva focuses on innovative solutions for global agriculture challenges, leveraging its market strategy and diverse product mix.

Corteva Agriscience has announced the removal of restrictions on Enlist One® and Enlist Duo® herbicides, allowing growers access for the upcoming 2022 season. The U.S. EPA issued updated labels that lift geographic limitations in 128 counties due to the American Burying Beetle and six counties related to the Eastern Massasauga Rattlesnake. This change follows a seven-year registration amendment. The Enlist system includes advanced herbicides and crops that support effective weed management strategies. Increased demand for these products is expected as growers prepare for spring planting.

Corteva, Inc. (NYSE: CTVA) announced a new global business-unit organization model to enhance operating performance. Effective April 4, 2022, Robert King will serve as EVP of the Crop Protection Business Unit, and Tim Glenn will head the Seed Business Unit. This transition aims to boost accountability and speed to market, leveraging Corteva's strengths. King brings extensive industry experience from Nouryon and Nutrien Ag Solutions, while Glenn has a strong background in various leadership roles within the company. Further details will be disclosed during the first quarter earnings call in May 2022.