Corteva Inc

Latest Results (21.10.2025):

Corteva Inc reported its financial results for the fourth quarter and full-year ended December 31, 2023, highlighting a slight decline in net sales and earnings compared to the previous year, while showcasing improvements in operating EBITDA and providing optimistic guidance for 2024.

Fourth Quarter 2023 Highlights

In Q4 2023, Corteva Inc's GAAP net sales were $3.71 billion, a 3% decrease from Q4 2022. The company reported a loss from continuing operations of $231 million GAAP, compared to a loss of $41 million in the prior year. Non-GAAP operating EBITDA increased by 4% to $386 million.

Full-Year 2023 Performance

For the full year 2023, Corteva Inc achieved GAAP net sales of $17.23 billion, a 1% decline from 2022. Income from continuing operations was $941 million GAAP, down 23%, while operating EBITDA rose by 5% to $3.38 billion on a non-GAAP basis. The company also generated $1.8 billion in cash from operating activities.

Seed Segment Growth

The Seed segment saw net sales grow by 5% to $9.5 billion for 2023, driven by a 13% increase in price despite a 6% decline in volume. Operating EBITDA for the segment improved by 28% to $2.1 billion.

Crop Protection Segment Decline

The Crop Protection segment experienced a 14% decrease in net sales to $7.8 billion in 2023 due to a 14% volume decline, though partially offset by a 4% favorable portfolio impact and a 2% price increase.

2024 Guidance

Corteva Inc projects full-year 2024 net sales between $17.4 billion and $17.7 billion and expects operating EBITDA to range from $3.5 billion to $3.7 billion. The company also anticipates operating EPS between $2.70 and $2.90 per share.