Earnings Expectations for Corteva, Inc. - Corteva, Inc. is expected to report quarterly earnings of $1.74 per share, reflecting a year-over-year increase of +8.8% [2] - Revenues for Corteva are anticipated to be $6.13 billion, which is a 1.4% increase from the same quarter last year [3] - The consensus EPS estimate for Corteva has remained unchanged over the last 30 days, indicating a stable outlook from covering analysts [10] Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that Corteva's Most Accurate Estimate is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -1.11%, suggesting a bearish outlook [19] - Despite a history of beating consensus EPS estimates in the last four quarters, the current combination of a negative Earnings ESP and a Zacks Rank of 4 makes it difficult to predict a beat for the upcoming report [21][22] Industry Context - Archer Daniels Midland (ADM), another player in the agriculture sector, is expected to report earnings of $1.29 per share, which represents a year-over-year decline of -31.8% [25] - ADM's revenues are projected to be $23.24 billion, down 7.8% from the previous year [25] - The consensus EPS estimate for ADM has been revised up by 3.4% over the last 30 days, but it currently has an Earnings ESP of -6.44%, indicating a lower Most Accurate Estimate [26]

Market Overview - The crop protection chemical market in Ivory Coast has seen significant growth, driven by an expanding agricultural sector with an annual growth rate exceeding 7% over the past twenty years [2][3] - The agricultural industry contributes approximately 22% to the country's GDP and employs around half of the workforce [2] Government Initiatives - The Ivorian government has developed a comprehensive action plan for 2024-2025 focusing on forest protection, agroforestry, sustainable production, and community engagement [3] - The National Agricultural Investment Program (PNIA II) aims to modernize the agricultural sector with a budget of USD 19.8 million allocated for the period from 2017 to 2025 [7] Market Dynamics - The market is projected to grow at a CAGR of 7.1% from 2024 to 2030, driven by the increasing demand for crop protection chemicals due to cash crop cultivation [7][8] - Herbicides currently dominate the revenue share in the market, primarily due to their cost-effectiveness in controlling weeds [4] Market Segmentation - The market is segmented by application, with commercial crops accounting for a significant portion of the demand [10] - Synthetic chemicals hold the highest revenue share in the crop protection chemicals industry, reflecting their widespread adoption in modern agriculture [16] Crop Production and Diversification - Farmers are diversifying crops such as coffee, rubber, cotton, palm oil, and bananas, which enhances productivity and provides alternative income sources [8] - Ivory Coast has become the third-largest producer of natural rubber, further supporting the growth of the crop protection chemical market [8]

Group 1 - Corteva, Inc. will release its second quarter 2024 earnings on July 31, 2024, after market close [1] - The earnings presentation will be available via a live webcast on August 1, 2024, at 10:00 a.m. Eastern Time [1] - A slide presentation accompanying the webcast will be posted on the Company's Investor Events and Presentations page, with a replay available until August 1, 2025 [4] Group 2 - Corteva, Inc. is a global pure-play agriculture company focused on delivering solutions for agriculture challenges through innovation and customer engagement [5] - The company utilizes a unique distribution strategy and offers a balanced mix of seed, crop protection, and digital products and services [5] - Corteva aims to maximize productivity for farmers while ensuring progress for future generations [5]

Company and Industry Overview * **Company**: Corteva, Inc. (NYSE:CTVA), a leading global provider of seed and crop protection solutions in the agricultural sector. * **Industry**: Agri-tech, specifically seed and crop protection. * **Merger and IPO**: Formed post the merger of DowDuPont in 2017, with an IPO in 2019. Key Accomplishments and Financials * **Technology Innovation**: Added 7,000 patents to its technology innovation portfolio over the past five years. * **Operational Improvements**: Improved EBITDA margins by over 500 basis points from 2019 to 2023, reaching 19.6%. * **Cash Return to Shareholders**: Returned over $5 billion in dividends and share buybacks during the same period. Business Performance Update * **Seed Business**: Strong start to the year, with favorable planting conditions and good volume in the US and Pioneer core corn seed business. * **Crop Protection Business**: Headwinds due to tough comparisons from the previous year and demand-supply imbalances. However, generated over $1 billion of EBITDA and maintained strong cash flow. * **Market Updates**: * **US**: Planting progress is on track, with corn and soybean planting percentages close to historic averages. * **Europe**: Cold and damp weather in Northern Europe has delayed planting and Crop Protection applications, impacting the second quarter. * **Latin America**: Severe flooding in Southern Brazil and Argentina may affect the upcoming season, with corn stunt in Argentina being a new concern. Financial Guidance * **EBITDA**: Guidance of $3.5 billion to $3.7 billion for the year, with the second half expected to be slightly down year-over-year due to weather-related factors. * **Cost Savings**: Targeting $350 million to $450 million in cost savings, including royalty expense reductions, productivity improvements, and ingredient cost deflation. * **Capital Allocation**: Targeting $1.5 billion to $2 billion in free cash flow generation, with a focus on dividends and share buybacks. Future Outlook * **2025 EBITDA Margin**: Targeting 21% to 23%, driven by seed pricing, new Crop Protection products, and the biologicals business. * **Investment in Innovation**: Continuing to invest in innovation, including new products, the biologicals business, and gene editing technologies. * **Upcoming Investor Day**: Scheduled for November in New York, focusing on strategy, the future of agriculture, and innovation.

Remarks will be webcast live. Registration for the webcast can be accessed through the Corteva Investor Relations website. A replay of the presentation will be available 24 hours after the presentation ends and will be accessible until September 11, 2024. Corteva, Inc. (NYSE: CTVA) is a global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world's most pressing agriculture challenges. C ...

INDIANAPOLIS, May 31, 2024 (GLOBE NEWSWIRE) -- The Mark Cuban Foundation, in collaboration with Corteva, is bringing the only artificial intelligence (AI) camp of its kind, free of charge, to high school students in Indianapolis. The camp offers a custom and highly relevant curriculum focused on teaching students about the latest developments in the world of AI, and it will educate, inspire and fuel the next generation of innovators. These AI bootcamps are introductory and accessible to students in grades 9 ...

Corteva, Inc. (NYSE:CTVA) 2024 BMO Farm to Market Chemicals Conference May 15, 2024 9:30 AM ET Company Participants Dave Anderson - CFO Sam Eathington - CTO Kim Booth - VP, IR Conference Call Participants Joel Jackson - BMO Capital Joel Jackson Okay. Thanks. So, we'll keep going here. We're going to get into the world of seeds and crop cans. So next up is a fireside chat with Corteva who is, of course, a leading ag chem producer, very strong seed and trade portfolio and a very large crop protection producer ...

INDIANAPOLIS, May 8, 2024 /PRNewswire/ -- Corteva, Inc. (NYSE: CTVA) announces that Executive Vice President and Chief Financial Officer, Dave Anderson, and Executive Vice President and Chief Technology and Digital Officer, Sam Eathington, will speak at the 2024 BMO Farm to Market Chemicals Conference at 9:30 a.m. Eastern Time on Wednesday, May 15, 2024. Remarks will be webcast live. Registration for the webcast can be accessed through the Corteva Investor Relations website. A replay of the presentation wil ...

Table of Contents ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number 1-815 Securities registered pursuant to Section 12(b) of the Act for Corteva, Inc.: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was ...

Corteva, Inc. (NYSE:CTVA) Q1 2024 Earnings Conference Call May 2, 2024 9:00 AM ET Company Participants Kim Booth - Vice President, Investor Relations Chuck Magro - Chief Executive Officer Dave Anderson - Executive Vice President & Chief Financial Officer Tim Glenn - Executive Vice President, Seed Business Unit Robert King - Executive Vice President, Crop Protection Unit Conference Call Participants Vincent Andrews - Morgan Stanley Joel Jackson - BMO Capital Markets Kevin McCarthy - Vertical Research Frank M ...