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Corteva, Inc. (NYSE: CTVA) is a global leader in the agriculture industry, dedicated to providing comprehensive agricultural solutions. Formed in 2019 after a spinoff from DowDuPont, Corteva operates as a pure-play agricultural inputs company. The company is renowned for its innovation and the development of premium seeds and crop protection products, which significantly enhance farmer productivity and profitability.
Corteva's portfolio includes some of the world's most recognized brands, such as Pioneer® and Brevant™ seeds, award-winning crop protection products, and advanced digital tools and services like Encirca® and Granular®. These solutions help farmers optimize their operations and achieve higher yields, while also promoting sustainable agricultural practices.
The company reported net sales of $17.6 billion in 2023, with its seed business contributing the majority of the revenue. Despite challenges in the crop protection market, Corteva has managed to maintain a robust financial performance with a focus on cost discipline and operational efficiency. The company is well-positioned for future growth, driven by its strong pipeline of new products and technologies.
Corteva operates on a global scale, with approximately half of its revenue coming from North America. The company is committed to enriching the lives of both producers and consumers by ensuring the sustainable progress of the global food system. Corteva's strategic partnerships and collaborations further enhance its market presence and innovation capabilities.
Recent highlights include the release of its fourth-quarter 2023 earnings, reflecting a strategic focus on productivity and a balanced product mix. The company also announced upcoming earnings releases and investor presentations, showcasing its commitment to transparency and shareholder engagement.
Corteva's ongoing projects include collaborations with companies like Lavie Bio and AgPlenus, aiming to develop advanced ag-biological and herbicide solutions. These partnerships underscore Corteva's dedication to tackling the world's most pressing agricultural challenges through innovative technologies and sustainable practices.
Corteva (NYSE: CTVA) has received notice from Starboard Value about its intent to nominate individuals for election to the Board of Directors at the 2021 Annual Meeting of Stockholders. Corteva's leadership acknowledges Starboard's feedback but emphasizes a lack of specific operational recommendations. Corteva has seen an 80% total shareholder return since its spinoff and reported 6% organic net sales growth in Seed and 7% in Crop Protection in 2020. The company is focused on capital returns, having returned approximately $882 million to investors and anticipates completing its $1 billion share repurchase program early.
Corteva, Inc. (NYSE: CTVA) has announced a common stock dividend of 13 cents per share, set to be paid on March 15, 2021, to shareholders recorded by March 1, 2021. This decision reflects Corteva's commitment to returning value to its shareholders while emphasizing its ongoing growth strategy and robust financial health. The company continues to strengthen its market position as a leading agriculture entity, providing diverse solutions to enhance productivity and profitability for farmers globally.
Starboard Value LP, a major shareholder of Corteva (CTVA), has sent a letter to Chairman Gregory Page expressing its intent to influence the company's direction. Starboard plans to file a preliminary proxy statement to solicit votes for its slate of director nominees at Corteva's upcoming annual meeting. As of now, Starboard beneficially owns approximately 14.4 million shares in Corteva, aiming to unlock shareholder value through strategic engagement.
Corteva announced the appointment of Sam Eathington, Ph.D., as Senior Vice President and Chief Technology Officer effective January 1, 2021. Eathington joins from The Climate Corporation and has nearly two decades of experience in quantitative traits and molecular breeding at Monsanto. His leadership aims to advance agricultural innovation and sustainability while enhancing Corteva's product portfolio. Eathington replaces Neal Gutterson, who retired at the end of 2020. Corteva emphasizes its commitment to helping farmers thrive through a robust pipeline of innovative products.
Corteva (NYSE: CTVA) announced that CEO James C. Collins, Jr. will speak at the Citi Basic Materials Virtual Conference on December 2, 2020, at 1:00 p.m. ET. The event will be webcast live, with a replay available until December 2, 2021. Interested participants can register and access materials on the Corteva Investor Relations website.
Corteva is a global agriculture company specializing in seed, crop protection, and digital solutions.
Corteva (NYSE: CTVA) announced that its CEO, James C. Collins, Jr., will present at the Morgan Stanley Global Chemicals, Agriculture and Packaging Virtual Conference at 8:15 a.m. Eastern Time on November 10, 2020. The event will be webcast live, with a replay available until November 10, 2021. Interested parties can register and access related materials through the Corteva Investor Relations website. Corteva operates as a leading agriculture company, focusing on a diverse portfolio of seed, crop protection, and digital solutions.
Corteva reported its third-quarter 2020 financial results, revealing a net sales decline of 3% year-over-year at $1.86 billion. However, organic sales grew by 9%, driven by a robust performance in Crop Protection, which saw a 9% increase in net sales. The company faced a GAAP loss from continuing operations of $390 million, translating to an EPS of $(0.52). Despite challenges in the Seed segment, which experienced a 23% decline in net sales, Corteva reaffirmed its full-year guidance, expecting net sales growth of 1-2% and operating EBITDA between $1.9 billion and $2 billion.
Corteva, Inc. (NYSE: CTVA) announced a common stock dividend of 13 cents per share, scheduled for payment on December 15, 2020, to shareholders of record as of November 13, 2020. This marks the sixth consecutive cash dividend since Corteva's independence on June 1, 2019. The company focuses on delivering a comprehensive portfolio for agriculture, which includes seed, crop protection, and digital solutions.
Corteva, Inc. (NYSE: CTVA) announced that CEO James C. Collins, Jr. will speak at the 33rd Annual Credit Suisse Basic Materials Virtual Conference on September 17, 2020, at 8:45 a.m. Eastern Time. The event will be available via a live webcast, with a replay accessible afterward. Corteva focuses on providing a comprehensive range of agricultural solutions, including seeds and crop protection products, aimed at maximizing productivity for farmers worldwide. The company became independent on June 1, 2019, following its separation from DowDuPont.
Corteva reported strong financial results for Q2 and H1 2020, with net sales of $5.2 billion and EPS of $1.01 in Q2, reflecting a 60% increase in after-tax income. For H1, net sales grew 2% to $9.1 billion, with EPS of $1.37, up 78%. Organic sales increased by 5% across all regions, driven by a 6% rise in seed sales. The company also expanded its liquidity through a $1 billion bond offering and acquired 100% ownership of PhytoGen Seed Company. Looking ahead, Corteva expects full-year EBITDA of $1.9 to $2 billion, with net sales growth of 1-2%.
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