Corteva Inc Stock Price, News & Analysis

Corteva announced the appointment of Sam Eathington, Ph.D., as Senior Vice President and Chief Technology Officer effective January 1, 2021. Eathington joins from The Climate Corporation and has nearly two decades of experience in quantitative traits and molecular breeding at Monsanto. His leadership aims to advance agricultural innovation and sustainability while enhancing Corteva's product portfolio. Eathington replaces Neal Gutterson, who retired at the end of 2020. Corteva emphasizes its commitment to helping farmers thrive through a robust pipeline of innovative products.

Corteva (NYSE: CTVA) announced that CEO James C. Collins, Jr. will speak at the Citi Basic Materials Virtual Conference on December 2, 2020, at 1:00 p.m. ET. The event will be webcast live, with a replay available until December 2, 2021. Interested participants can register and access materials on the Corteva Investor Relations website.

Corteva is a global agriculture company specializing in seed, crop protection, and digital solutions.

Corteva (NYSE: CTVA) announced that its CEO, James C. Collins, Jr., will present at the Morgan Stanley Global Chemicals, Agriculture and Packaging Virtual Conference at 8:15 a.m. Eastern Time on November 10, 2020. The event will be webcast live, with a replay available until November 10, 2021. Interested parties can register and access related materials through the Corteva Investor Relations website. Corteva operates as a leading agriculture company, focusing on a diverse portfolio of seed, crop protection, and digital solutions.

Corteva reported its third-quarter 2020 financial results, revealing a net sales decline of 3% year-over-year at $1.86 billion. However, organic sales grew by 9%, driven by a robust performance in Crop Protection, which saw a 9% increase in net sales. The company faced a GAAP loss from continuing operations of $390 million, translating to an EPS of $(0.52). Despite challenges in the Seed segment, which experienced a 23% decline in net sales, Corteva reaffirmed its full-year guidance, expecting net sales growth of 1-2% and operating EBITDA between $1.9 billion and $2 billion.

Corteva, Inc. (NYSE: CTVA) announced a common stock dividend of 13 cents per share, scheduled for payment on December 15, 2020, to shareholders of record as of November 13, 2020. This marks the sixth consecutive cash dividend since Corteva's independence on June 1, 2019. The company focuses on delivering a comprehensive portfolio for agriculture, which includes seed, crop protection, and digital solutions.

Corteva, Inc. (NYSE: CTVA) announced that CEO James C. Collins, Jr. will speak at the 33rd Annual Credit Suisse Basic Materials Virtual Conference on September 17, 2020, at 8:45 a.m. Eastern Time. The event will be available via a live webcast, with a replay accessible afterward. Corteva focuses on providing a comprehensive range of agricultural solutions, including seeds and crop protection products, aimed at maximizing productivity for farmers worldwide. The company became independent on June 1, 2019, following its separation from DowDuPont.

Corteva reported strong financial results for Q2 and H1 2020, with net sales of $5.2 billion and EPS of $1.01 in Q2, reflecting a 60% increase in after-tax income. For H1, net sales grew 2% to $9.1 billion, with EPS of $1.37, up 78%. Organic sales increased by 5% across all regions, driven by a 6% rise in seed sales. The company also expanded its liquidity through a $1 billion bond offering and acquired 100% ownership of PhytoGen Seed Company. Looking ahead, Corteva expects full-year EBITDA of $1.9 to $2 billion, with net sales growth of 1-2%.

Corteva, Inc. (NYSE: CTVA) announced a standardized timeline for its quarterly earnings announcements, with the second quarter earnings set for August 6, 2020, updated from July 30, 2020. The earnings conference calls for the third and fourth quarters are scheduled for November 5, 2020 and February 4, 2021, respectively. The company will issue earnings releases after market hours prior to each call. Additionally, a webcast hosted by CEO James C. Collins, Jr. and CFO Greg Friedman will take place on August 17, 2020.

Corteva, Inc. (NYSE: CTVA) announced the acquisition of J.G. Boswell Company's interest in PhytoGen Seed Company, LLC, increasing its ownership from 53.5% to 100%. This strategic move aims to enhance Corteva's commitment to the U.S. cottonseed market, allowing full control over intellectual property and proprietary technologies. The acquisition underscores the company's focus on long-term growth through targeted investments, expanding its global cottonseed portfolio. Financial terms were not disclosed.