Corteva Agriscience Announces $3 Billion Share Repurchase Program

Core Viewpoint - Corteva, Inc. has authorized a new $3 billion share repurchase program, reflecting the company's focus on disciplined capital deployment and confidence in its future [1][3]. Summary by Sections Share Repurchase Program - The new $3 billion share repurchase program is effective immediately and does not have an expiration date, allowing management discretion in share purchases [1]. - This program is in addition to the existing $2 billion program announced in September 2022, which had approximately $750 million remaining as of September 30, 2024 [2]. Financial Strategy and Outlook - The timing, number, and value of shares repurchased will depend on various factors, including market price, economic conditions, legal requirements, and other capital uses such as organic growth, dividends, and acquisitions [2]. - The CEO of Corteva emphasized that the new share repurchase program, along with a dividend increase earlier in the year, demonstrates the company's strong financial outlook and commitment to disciplined capital deployment [3]. Company Overview - Corteva, Inc. is a global pure-play agriculture company focused on delivering innovative solutions to agricultural challenges, with a diverse mix of seed, crop protection, and digital products [4]. - The company aims to maximize productivity for farmers while engaging with stakeholders throughout the food system, ensuring progress for future generations [4].