Welcome to our dedicated page for Corteva news (Ticker: CTVA), a resource for investors and traders seeking the latest updates and insights on Corteva stock.
Corteva, Inc. (NYSE: CTVA) is a global pure-play agriculture company whose news flow reflects its focus on seed, crop protection, and digital products and services. Company announcements frequently highlight developments in agricultural technology, nature-inspired crop protection, biologicals, and strategic collaborations with partners across the agriculture, energy and biotechnology sectors.
Investors and industry followers can use this news stream to track Corteva’s progress on its stated strategy, including its planned separation into two independent public companies: a crop protection-focused business referred to as New Corteva and a seed-focused business referred to as SpinCo. News items also cover financial performance updates, such as quarterly earnings releases and guidance ranges, as well as capital allocation decisions like dividends and share repurchase programs mentioned in company communications.
Corteva’s releases often feature product and pipeline updates, including new biological and nature-inspired insect control solutions such as Goltrevo bioinsecticide and Varpelgo active, subject to regulatory approvals. They also describe joint ventures and partnerships, for example a multi-million-dollar joint venture with Hexagon Bio to accelerate nature-inspired crop protection discovery, and the Etlas joint venture with bp to develop crop-based biofuel feedstocks for sustainable aviation fuel and renewable diesel.
In addition, the company issues news about governance and leadership, including executive appointments and succession plans, as well as investor events like earnings webcasts and conference calls. This page aggregates such coverage so readers can follow Corteva’s operational updates, strategic initiatives, product announcements and financial disclosures through a single, symbol-focused news feed.
Corteva reported robust financial results for Q3 2021, achieving $2.4B in net sales, up 27% year-over-year. Income from continuing operations reached $36M, with EPS at $0.05. Year-to-date, net sales totaled $12.2B, indicating an 11% increase, while operating EPS surged 162% to $2.23. The company affirmed its operating EBITDA guidance between $2.5B and $2.6B. CEO Chuck Magro was appointed effective November 1, 2021, emphasizing a commitment to shareholder value and market adaptability.
Corteva, Inc. (NYSE: CTVA) has declared a common stock dividend of 14 cents per share, which will be payable on December 15, 2021. Shareholders of record on November 12, 2021, will be eligible for this dividend. Corteva, a global agriculture company, focuses on providing a comprehensive portfolio that includes seeds, crop protection, and digital solutions to enhance agricultural productivity and profitability. This initiative reflects the company's commitment to delivering value to its shareholders.
Corteva (NYSE: CTVA) has appointed Chuck Magro as the new CEO, effective November 1, 2021. He succeeds James C. Collins, Jr., who will assist with the transition before retiring. Magro, with extensive experience in global agriculture, previously served as CEO of Nutrien and Agrium, focusing on growth through innovation. Greg Page, Chairman, expressed confidence in Magro's capability to enhance shareholder value and accelerate growth. Corteva aims to lead in agricultural technology and sustainability, addressing the needs of farmers globally.
The 10th annual Global Food Security Index (GFSI) report, released on October 12, 2021, reveals a continued decline in global food security for the second straight year, largely due to the COVID-19 pandemic, climate change, nutrition issues, and lack of government investment in agriculture. Sponsored by Corteva Agriscience, the GFSI indicates that global food systems remain vulnerable and calls for sustained investments to combat food insecurity. Despite challenges, Corteva highlights its role in providing innovative agricultural solutions to enhance productivity and sustainability, aiming to meet the growing global food demands.
Corteva (NYSE: CTVA) announced the winners of its Climate Positive Leaders Program on September 20, 2021, recognizing farmers from Australia, Brazil, Canada, Kenya, and the U.S. for their innovative, climate-positive practices. The initiative honors those effectively implementing sustainable agricultural methods while maintaining productivity. Awardees will benefit from lifetime membership in the Global Farmer Network, training from the Carbon Management and Sequestration Center, and opportunities to share their best practices with other farmers. CEO James C. Collins Jr. emphasizes the program's aim to enhance sustainability alongside profitability.
Corteva (NYSE: CTVA) has expanded its Carbon Initiative for the 2022 crop year, collaborating with Indigo Ag to enable farmers to earn carbon credits. Farmers will receive 75% of the credit value, potentially earning up to $30 per credit, with a guaranteed minimum of $15. The initiative now spans 11 states and includes more crops and practices, allowing farmers to receive credits for eligible actions taken since post-harvest 2020. This program aims to help farmers realize sustainable profits while positively impacting the environment.
Corteva has announced the launch of Conkesta E3® soybeans in Brazil for the 2021-2022 season, enhancing its product lineup within the Enlist® weed control system. This new soybean technology aims to provide broad lepidopteran insect protection and drive growth in the lucrative Brazilian soybean market. The product has received approval for export to the European Union, allowing for international distribution. Corteva plans to introduce this innovation in Argentina and Uruguay pending regulatory approvals.
Corteva, Inc. (NYSE: CTVA) has announced a $1.5 billion share repurchase program, augmenting its previous $1 billion program expected to finish by year-end 2021. The new buyback allows for periodic repurchases in open-market or private transactions, depending on market conditions. CEO Jim Collins highlighted the board's confidence in the company's strategy and ability to generate shareholder value. Alongside a recently announced dividend increase, this move reflects Corteva's solid financial position and commitment to shareholder returns.
Corteva reported its Q2 2021 financial results, showing net sales of $5.6B, an 8% increase from Q2 2020. Income from continuing operations rose by 33% to $1.02B, with GAAP EPS at $1.37, up 36%. For the first half of 2021, net sales reached $9.8B, a 7% increase, and operating EBITDA grew 17% to $2.37B. The company raised its full-year guidance, expecting net sales between $15.2B and $15.4B.
Corteva, Inc. (NYSE: CTVA) has announced a $0.14 per share dividend, an increase of 7.7% from the previous rate. This dividend will be payable on September 15, 2021, to shareholders on record as of August 13, 2021. This marks Corteva's first dividend increase since becoming a public company in June 2019. CEO Jim Collins stated that this decision reflects the Board's confidence in the company's operational momentum, reinforcing its commitment to returning value to shareholders.
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