Corteva Inc Stock Price, News & Analysis

Corteva, Inc. (NYSE: CTVA) announces that CEO Chuck Magro will present at the Bank of America Securities 2023 Global Agriculture & Materials Conference on March 1, 2023, at 8:50 a.m. ET. The presentation will be available via live webcast through the Corteva Investor Relations website. A replay will be provided 24 hours post-event, accessible until June 2, 2023. Corteva is a leading global agriculture company focused on innovative solutions for agriculture challenges, with a diverse range of seed, crop protection, and digital products. More details can be found on the Corteva website.

Corteva (NYSE: CTVA) announced the commercial launch of Optimum GLY canola, an advanced herbicide-tolerant trait technology, for the 2023 planting season in Canada and the United States. This product will be available through Pioneer and Brevant seed brands. Optimum GLY is designed to enhance weed control and provide flexibility in herbicide applications, improving crop management for farmers. The technology aims to address farm-level challenges while supporting global food security. Demonstration trials will be held in Australia in preparation for a full launch in 2024.

Corteva, Inc. (NYSE: CTVA) reported its fourth quarter and full-year 2022 results, highlighting net sales of $3.83 billion for Q4, a 10% increase year-over-year. However, the company faced a loss from continuing operations of $(41) million for Q4 and $1.22 billion for FY 2022, reflecting declines of 33% and 32% respectively. Full-year net sales rose 11% to $17.46 billion, with an operating EBITDA of $3.22 billion and operating EPS of $2.67. Guidance for 2023 estimates net sales between $18.1 billion and $18.4 billion, marking a 5% growth.

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.