Corteva, Inc. - CTVA STOCK NEWS

Corteva, Inc. (NYSE: CTVA) will have its CEO Chuck Magro and CTO Sam Eathington speaking at the Bank of America Securities 2022 Global Agriculture and Materials Conference on March 2, 2022, at 8:10 a.m. Eastern Time. The session will be available via live webcast on the Corteva Investor Relations website, with a replay accessible for 90 days post-presentation. Corteva, a leading global agriculture company, focuses on delivering innovative solutions to address critical agricultural challenges, ensuring productivity and sustainability for farmers around the world.

Corteva Agriscience has introduced Haviza™, a new fungicide aimed at combating Asian soybean rust and other fungal diseases, targeting South American farmers. This active ingredient is set to launch in Brazil, Argentina, Paraguay, and Bolivia in 2027, contingent on regulatory approval. Haviza is part of Corteva's innovation pipeline and follows the picolinamide family of fungicides, known for their strong environmental profiles. Yield losses from Asian soybean rust can be severe, underscoring the need for effective disease management tools.

Corteva announced the retirement of Rajan Gajaria, Executive Vice President of Business Platforms, effective February 18, 2022. His responsibilities will transition to Tim Glenn and Sam Eathington on an interim basis. Gajaria significantly impacted Corteva’s global strategy and operations during his tenure. Additionally, the company designated its Indianapolis site as its global headquarters, aiming to enhance operational efficiency and employee productivity in a flexible work environment.

Corteva, Inc. (CTVA) reported robust financial results for Q4 and the full year 2021. Q4 net sales reached $3.48B, up 8%, with a substantial 57% increase in income from continuing operations to $155M. Full-year net sales grew by 10% to $15.65B, with EPS rising 149% to $2.44. The company highlighted strong performance in both Crop Protection and Seed segments, with organic sales up 9%. Moving forward, Corteva expects 2022 net sales between $16.7B and $17B and operating EBITDA of $2.8B to $3B, reflecting continued growth momentum.

Corteva, Inc. (NYSE: CTVA) announced a common stock dividend of 14 cents per share, payable on March 15, 2022, to shareholders of record on March 1, 2022. This decision reflects the company’s commitment to returning value to its shareholders. Corteva, operating as a global pure-play agriculture company, aims to provide a comprehensive portfolio of products and solutions to enhance farming productivity. The company has expressed confidence in its growth strategy and technological advancements in the agriculture sector.

Corteva Agriscience announced that the U.S. Environmental Protection Agency (EPA) has amended the registration for Enlist One® and Enlist Duo® herbicides, ensuring their availability through January 11, 2029. This seven-year registration supports farmers in their 2022 crop protection strategies. The Enlist system, which includes various herbicides and crops, aims to provide effective weed management and sustainability while minimizing risks to wildlife. Corteva emphasizes ongoing grower education regarding these updates to promote safe and efficient herbicide application.

PotlatchDeltic Corporation (Nasdaq: PCH) has elected Anne L. Alonzo to its Board of Directors, effective immediately. Alonzo brings extensive experience in ESG, agricultural sustainability, and public affairs, having previously served as Senior VP and Chief Sustainability Officer at Corteva Agriscience and as CEO of the American Egg Board. PotlatchDeltic's President and CEO, Eric J. Cremers, expressed confidence in Alonzo's ability to contribute to the company's growth strategy and enhance shareholder value. Alonzo holds an Executive M.B.A., a J.D., and is affiliated with multiple corporate boards.

Corteva Agriscience has partnered with Manna Irrigation to implement irrigation intelligence solutions across 4,000 hectares in Austria. This software-only approach helps corn seed growers optimize crop management through actionable insights based on remote sensing data and weather information. The collaboration aims to enhance sustainable agricultural practices in line with Corteva's 2030 Sustainability Goals, addressing challenges posed by climate change and resource scarcity. Early adoption in Austria has yielded positive results, with plans for further implementation in Europe.

Corteva reported robust financial results for Q3 2021, achieving $2.4B in net sales, up 27% year-over-year. Income from continuing operations reached $36M, with EPS at $0.05. Year-to-date, net sales totaled $12.2B, indicating an 11% increase, while operating EPS surged 162% to $2.23. The company affirmed its operating EBITDA guidance between $2.5B and $2.6B. CEO Chuck Magro was appointed effective November 1, 2021, emphasizing a commitment to shareholder value and market adaptability.