Corteva, Inc. - CTVA STOCK NEWS

Corteva, Inc. (NYSE: CTVA) has declared a quarterly common stock dividend of $0.15 per share, scheduled for payment on March 15, 2023. Shareholders of record as of March 1, 2023 will receive this dividend, reflecting the company's commitment to returning capital to its investors. As a global leader in agriculture, Corteva emphasizes innovation and a diverse portfolio in its operations, which includes seed, crop protection, and digital solutions.

Corteva, Inc. (NYSE: CTVA) will announce its fourth quarter and full year 2022 earnings on February 1, 2023, after market close. A live webcast will follow on February 2, 2023, at 9:00 a.m. ET. The earnings presentation will be available on the Investor Events page, and a replay of the webcast will be accessible until February 3, 2024. Corteva focuses on delivering innovative solutions in agriculture and maximizing productivity for farmers, ensuring progress in the agricultural sector.

Corteva has signed a definitive agreement to acquire Stoller Group for $1.2 billion in cash. Stoller is a leading independent biologicals company with projected 2022 revenues exceeding $400 million and operations across 60+ countries. The acquisition is expected to enhance Corteva's biologicals strategy by providing scale and profitability, and is anticipated to be accretive to both Operating EBITDA and EPS in 2023. This marks Corteva's second biologicals acquisition this year, highlighting its commitment to innovative agricultural solutions.

Schnitzer Steel Industries, Inc. (NASDAQ: SCHN) has appointed Gregory R. Friedman as an independent director, effective immediately. Mr. Friedman, with over 30 years of experience, will also serve on the Audit Committee and the Compensation and Human Resources Committee. He brings significant expertise from his role as CFO at Mura Technology and previously at Corteva Agriscience (NYSE: CTVA) and DuPont (NYSE: DD). This appointment enhances Schnitzer's board, now composed of nine members, and supports the company's strategic initiatives to meet growing demand for recycled products in a low-carbon economy.

Corteva, Inc. (NYSE: CTVA) announces that CEO Chuck Magro will speak at the Morgan Stanley Global Chemicals, Agriculture and Packaging Conference on November 9, 2022, at 10:15 a.m. Eastern Time. The remarks will be available via a live webcast, accessible through the Corteva Investor Relations website. A replay will be available for 90 days post-event. Corteva is dedicated to addressing agricultural challenges, providing innovative solutions, and enhancing productivity for farmers globally.

Corteva, Inc. (NYSE: CTVA) reported strong financial results for Q3 and year-to-date 2022, showcasing a 12% growth in net sales to $13.63B. Organic sales increased 16%, with crop protection net sales rising 22%. Despite this growth, the company faced a $322M loss from continuing operations and a 25% decline in income from continuing operations year-to-date. Corteva announced an agreement to acquire Symborg, enhancing its biological product portfolio. The company also increased its mid-point Operating EBITDA guidance to a range of $3.0B to $3.1B for the full year.

Corteva, Inc. (NYSE: CTVA) announced a common stock dividend of 15 cents per share, payable on December 15, 2022, to shareholders of record on November 14, 2022. This decision underscores Corteva's commitment to returning value to its shareholders while supporting growth in the agricultural sector. The company continues to focus on innovation and market leadership in agriculture.

Corteva, Inc. (NYSE: CTVA) will announce its third quarter 2022 earnings on November 3, 2022, after market close. A live webcast of the earnings conference call is scheduled for November 4, 2022, at 9:00 a.m. ET. The accompanying slide presentation will be available on its Investor Events and Presentations page. A replay of the webcast will be accessible until November 5, 2023. Corteva is a global agriculture company dedicated to innovative solutions for agricultural challenges.

Economist Impact has released the 2022 Global Food Security Index (GFSI), highlighting a decline in global food security due to challenges such as the COVID-19 pandemic, rising food costs, and extreme weather. The report shows a 4% drop in food quality and safety from 2019 to 2022. It emphasizes the need for long-term investments in agriculture, especially in R&D and infrastructure, to combat rising food prices and hunger. Corteva Agriscience supports the GFSI, underlining its commitment to innovation in agriculture to enhance food security.