INDIANAPOLIS, Jan. 26, 2024 /PRNewswire/ -- Corteva, Inc. (NYSE: CTVA) today announced its Board of Directors has authorized a common stock dividend of $0.16 cents per share, payable March 15, 2024, to the Company's shareholders of record on March 1, 2024. EIDP, Inc. Announces Preferred Stock Dividend The Board of Directors of EIDP, Inc. (formerly known as E. I. du Pont de Nemours and Company) (EIDP) declared regular preferred stock dividends of $1.12-1/2 per share on the $4.50 series preferred stock and $0 ...

Investors interested in Agriculture - Operations stocks are likely familiar with Dole (DOLE) and Corteva, Inc. (CTVA) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The Zacks Rank favors stocks with strong earnings estimate r ...

Investors interested in stocks from the Agriculture - Operations sector have probably already heard of Dole (DOLE) and Corteva, Inc. (CTVA) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank emphasizes compa ...

Financial Data and Key Metrics Changes - The company reported a year-to-date operating EBITDA of nearly $3 billion, reflecting a 5% increase over 2022 despite a 1% decline in sales compared to the prior year [67][68][69] - Global pricing increased by 9%, with a 14% rise in global seed prices year-to-date, while crop protection pricing was up 4% [68][70][71] - Operating EPS is now expected to be in the range of $2.50 to $2.70 per share, down 3% versus the prior year at the midpoint [77] Business Line Data and Key Metrics Changes - Seed net sales increased by 7% year-to-date to over $7.8 billion, with organic sales up 9% driven by strong price execution [70] - Crop protection volumes decreased by 16% year-to-date, impacted by channel destocking and a shift in timing of seasonal demand [71][89] - The company expects to record pretax restructuring and asset-related charges of $410 million to $460 million through the end of 2024 [95] Market Data and Key Metrics Changes - In Brazil, the company anticipates continued destocking into 2024, with a unique situation of elevated channel inventories and increased generic supply impacting overall product availability [19][21][82] - The company noted that corn production in Europe remains below pre-conflict levels, particularly in the Black Sea region, where production is down 30% [65] - The company expects a modest shift from corn to soybeans in the US in 2024 due to various market dynamics [86][98] Company Strategy and Development Direction - The company is focused on enhancing its competitive position through a strategic framework aimed at margin expansion and long-term value creation [59][60] - The company plans to optimize its global crop production network, including exiting production activities at certain sites to improve cost competitiveness [80][81] - The company expects to achieve annual run rate savings of approximately $100 million by 2025, enhancing competitiveness and customer service [62][96] Management's Comments on Operating Environment and Future Outlook - Management indicated that while the ag markets remain constructive, they are mixed, with destocking largely behind in North America but expected to continue in Latin America and Europe [82][84] - The company expects low single-digit pricing growth for 2024, driven primarily by the Seed business, while Crop Protection pricing may face pressures [105][106] - Management remains confident in achieving the 2025 EBITDA guidance despite current market challenges, including geopolitical and macroeconomic factors [148][149] Other Important Information - The company has committed to returning cash to shareholders, evidenced by $750 million in share repurchases this year [64][78] - The company expects free cash flow to be in the range of $600 million to $1 billion, reflecting lower earnings and higher inventory [117] Q&A Session Summary Question: Can you expand on the flow-through of Seed and Crop Chem costs next year? - Management acknowledged that there will be a lag in higher costs flowing through inventory and into the P&L, with a focus on managing working capital effectively [13][25] Question: What are the expectations for Brazil's destocking and Crop Protection volume outlook? - Management indicated that while there will be some growth in the fourth quarter in Brazil, overall volume expectations for 2024 remain muted due to high channel inventories and delayed farmer purchases [19][20] Question: How do recent changes in Crop Protection impact confidence in achieving 2025 EBITDA guidance? - Management expressed confidence in achieving the midpoint of the 2025 EBITDA guidance, despite current market dynamics and challenges [147]

Safe Harbor Regarding Forward-Looking Statements Additionally, there may be other risks and uncertainties that Corteva is unable to currently identify or that Corteva does not currently expect to have a material impact on its business. Where, in any forward-looking statement or other estimate, an expectation or belief as to future results or events is expressed, such expectation or belief is based on the current plans and expectations of Corteva's management and expressed in good faith and believed to have ...

Table of Contents NOTES TO THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED) 21 The company enters into supplier finance programs with various finance providers in which the company agrees to pay the stated amount of confirmed invoices from participating suppliers by the original maturity date. The company or the financial provider may terminate the agreement upon providing at least thirty days' written notice. The payment terms that the company has with its finance providers under supplier finance ...

Corteva, Inc. (NYSE:CTVA) Morgan Stanley's 11th Annual Laguna Conference Call September 12, 2023 2:40 PM ET Company Participants Chuck Magro - Chief Executive Officer Dave Anderson - EVP and Chief Financial Officer Conference Call Participants Vincent Andrews - Morgan Stanley Vincent Andrews Hi, it's Vincent Andrews, Morgan Stanley chemicals and agricultural analyst and welcome back. We're happy to have Corteva with us and we have CEO, Chuck Magro and CFO, Dave Anderson with us. Before we get started, I'm j ...

Corteva, Inc. (NYSE:CTVA) Q2 2023 Earnings Conference Call August 4, 2023 9:00 AM ET Company Participants Kim Booth - Vice President of Investor Relations Chuck Magro - Chief Executive Officer Dave Anderson - Executive Vice President & Chief Financial Officer Tim Glenn - Executive Vice President, Seed Business Unit Conference Call Participants Vincent Andrews - Morgan Stanley David Begleiter - Deutsche Bank Kevin McCarthy - Vertical Research Partners Christopher Parkinson - Mizuho Joel Jackson - BMO Capital ...

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Delaware 82-4979096 (State or other Jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 9330 Zionsville Road, Indianapolis, Indiana 46268(833) 267-8382 974 Centre Road, Wilmington, Delaware 19805 (Address of Principal Executive Offices) (Zip Code) (Registrant's Telephone Number, including area code) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☐ TRANS ...

Corteva, Inc. (NYSE:CTVA) Q1 2023 Earnings Conference Call May 4, 2023 9:00 AM ET Company Participants Kim Booth - Vice President, Investor Relations Chuck Magro - Chief Executive Officer Dave Anderson - Executive Vice President and Chief Financial Officer Tim Glenn - Executive Vice President, Seed Business Unit Robert King - Executive Vice President, Crop Protection Conference Call Participants Vincent Andrews - Morgan Stanley Kevin McCarthy - Vertical Research Partners David Begleiter - Deutsche Bank Chri ...