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 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 appointed Judd O'Connor as the new Executive Vice President (EVP) of its Seed Business Unit, effective December 1, 2024. O'Connor, a 25-year veteran of Corteva and its heritage companies, will succeed Tim Glenn, who will serve as a Strategic Advisor until his retirement in Q1 2025. O'Connor previously served as President of Corteva's North America business and has extensive global experience, including roles in Latin America and leading integration efforts during the Dow-DuPont merger.
CEO Chuck Magro praised O'Connor's deep customer insights and operational expertise. O'Connor expressed enthusiasm for leading the seed business and leveraging technology to support farmers. Glenn, who has served the company for over 30 years, expressed pride in the Seed business's global impact and confidence in O'Connor's leadership.
Micropep Technologies, the global leader in micropeptide crop protection technologies, has successfully closed its Series B funding round with an additional $11 million commitment. This investment, from new investors Corteva Inc. and Sparkfood SA, along with existing investors, brings the total Series B round to $40 million and elevates the company's total funding to over $60 million.
The capital will support Micropep's pipeline of sustainable micropeptide solutions using its proprietary discovery platform, Krisalix™. This platform allows researchers to discover new micropeptide molecules efficiently for more effective and environmentally friendly crop protection. Micropeptides offer novel crop protection options for farmers, combining new modes of action, safety, strong efficacy, and affordability.
This funding will extend Micropep's market position, strengthen partnerships, and build new relationships within the industry, ultimately bringing micropeptide-based products to farmers worldwide.
Corteva, Inc. (NYSE: CTVA) has announced that its Chief Executive Officer, Chuck Magro, will be speaking at the 2024 BMO Ag-Apalooza event. The presentation is scheduled for Tuesday, September 24, 2024, at 12:00 p.m. Eastern Time.
The event will be webcast live and can be accessed through the Corteva Investor Relations website. For those unable to attend the live presentation, a replay will be made available 24 hours after the event and will remain accessible until October 24, 2024.
This presentation provides an opportunity for investors and interested parties to gain insights into Corteva's current operations and future strategies directly from the company's top executive.
Corteva (NYSE: CTVA) and Pairwise have announced a strategic collaboration to accelerate gene editing solutions in agriculture. The partnership includes:
- Corteva's $25 million equity investment in Pairwise through Corteva Catalyst
- Formation of a five-year joint venture to develop advanced gene edited technologies
- Focus on increasing crop yield and climate resilience
The collaboration aims to leverage both companies' gene editing capabilities to create crops more resilient to extreme weather and climate change. Pairwise's Fulcrum™ Platform, which includes proprietary gene editing tools, will play a key role in developing new plant varieties faster than conventional breeding methods.
Corteva (NYSE: CTVA) has announced an Investor Day scheduled for November 19, 2024, from 9:00 a.m. to 12:30 p.m. Eastern Time. The event will feature presentations by CEO Chuck Magro and the senior leadership team, focusing on the company's strategy, technology pipeline, and financial framework.
Investors can access the event through a webcast by registering on the Investor Events and Presentations website. The presentations will be available for replay until November 19, 2025, providing an extended opportunity for stakeholders to review the company's plans and projections.
This Investor Day represents a significant opportunity for Corteva to showcase its roadmap for growth and engage with the investment community, potentially impacting the company's stock performance and market perception.
Corteva (NYSE: CTVA) has announced the dates for its third quarter 2024 earnings release and webcast. The company will release its Q3 2024 earnings on Wednesday, November 6, 2024, after the stock market closes. The earnings will be available via press release and on the company's website. A live webcast presentation of the earnings will take place on Thursday, November 7, 2024, at 9:00 a.m. Eastern Time. An accompanying slide presentation will be posted on Corteva's Investor Events and Presentations page. Investors can access a replay of the webcast on the same page until November 7, 2025.
Corteva (NYSE: CTVA) reported solid first half 2024 results, with the Seed business driving performance. Key highlights include:
- Q2 2024: Net sales up 1% to $6.11B, Income from continuing operations up 20% to $1.06B
- 1H 2024: Net sales down 3% to $10.60B, Income from continuing operations down 4% to $1.43B
- Seed net sales grew 2%, organic sales up 4%
- Crop Protection net sales and organic sales both decreased 11%
Corteva updated its full-year 2024 guidance:
- Net sales: $17.2B to $17.5B
- Operating EBITDA: $3.4B to $3.6B
- Operating EPS: $2.60 to $2.80
- Free Cash Flow: $1.5B to $2.0B
The company plans to repurchase approximately $1.0B in shares in 2024.
Corteva (NYSE: CTVA) has appointed David Johnson as its new Executive Vice President and Chief Financial Officer (CFO), effective September 16, 2024. Johnson, previously CFO at Atkore, will succeed Dave Anderson, who will serve as a Strategic Advisor to the CEO until his retirement in Q1 2025. Johnson brings over three decades of experience in financial planning, risk assessment, M&A, and global operations.
CEO Chuck Magro praised Johnson's track record of delivering strong results and operational efficiency. At Atkore, Johnson oversaw financial and IT activities, contributing to the company's transformation through acquisitions and organic growth. Previously, he spent 29 years at Eaton , lastly as VP of Finance and Operations for its Electrical Sector business.
Corteva, Inc. (NYSE: CTVA) has announced a 6% increase in its quarterly dividend, marking the fourth consecutive year of dividend growth since its 2019 spin-off. The new dividend of $0.17 per share will be payable on September 17, 2024, to shareholders of record as of September 3, 2024. This increase reflects Corteva's commitment to returning capital to shareholders and its focus on driving margin expansion and sustainable long-term growth through innovation, customer engagement, and operational execution.
Additionally, EIDP, Inc., a wholly owned subsidiary of Corteva, declared dividends on its preferred stock series: $1.12-1/2 per share on the $4.50 series and $0.87-1/2 per share on the $3.50 series, both payable on October 25, 2024, to stockholders of record on October 4, 2024.
Corteva (NYSE: CTVA) has announced it will release its second quarter 2024 earnings on July 31, 2024, after market close. The earnings will be detailed in a live webcast on August 1, 2024, at 10:00 a.m. Eastern Time, with an accompanying slide presentation on the company's Investor Events and Presentations page. A replay of the webcast will be available until August 1, 2025.
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