Form 8-K · Current Report · Filed 2024-07-31
Corteva Announces Second Quarter 2024 Results and CFO Change
On July 31, 2024, Corteva, Inc. reported its financial results for the second quarter and first half of 2024, highlighting solid first-half performance led by the strength of the Seed business, while Crop Protection faced residual destocking and competitive pressures. The company updated its full-year 2024 guidance to reflect market dynamics. Additionally, Corteva announced the retirement of CFO David J. Anderson, effective September 16, 2024, and appointed David P. Johnson as his successor. Mr. Johnson, with over 30 years of experience in strategic and financial planning, will receive a comprehensive compensation package including an annual salary, equity awards, and participation in the company's incentive plans.
- Filer
- Corteva, Inc. CTVA · NYSE
- Filed
- Accession
- 0001755672-24-000017
- CIK
- 0001755672
- Signal
- High impactBasic Materials
- Source
- Official filing on sec.gov ↗
Items reported
Results of Operations and Financial Condition
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Regulation FD Disclosure
Financial Statements and Exhibits
Market reaction
Close before filing
$55.53
Next session
-4.6%
Since filing
+41.7%
Latest close
$78.71
What happened, not what will happen — closing prices around the filing date.
Precedent
Previous filings from CTVA reporting the same item, with the next session's move:
Exhibits (3)
About Corteva, Inc.
Corteva, Inc. is a leading global player in the agriculture industry, focused on providing innovative solutions to improve food security and crop productivity. Specializing as an agricultural chemical and seed company, Corteva offers a diverse range of hybrid seeds, crop protection products, and digital agricultural tools. Its products are designed to assist farmers in optimizing yields, enhancing resistance to pests and diseases, and improving the overall sustainability of farming practices. With a strong commitment to research and development, Corteva invests heavily in creating advanced seed varieties and eco-friendly crop protection chemicals. These solutions cater to farming needs across various geographical regions, addressing the challenges of different climates and growing conditions. Operating in an industry crucial for the global food supply chain, Corteva’s role is vital in supporting the backbone of agricultural productivity. Established as a result of the separation from DowDuPont in 2019, Corteva is headquartered in Wilmington, Delaware. It serves a pivotal role in addressing the growing global demand for efficient and sustainable agricultural practices, influencing both modern agricultural production and market trends in the sector.
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