NYSE$CTVA

Corteva Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

Corteva reported strong fourth quarter and full-year 2021 results, driven by broad-based execution.

Corteva's Q4 2021 results showed an 8% increase in net sales and a 57% increase in GAAP EPS compared to Q4 2020. The company's performance was driven by double-digit gains in Latin America and strong demand for new technologies.

  • Net sales increased by 8% and organic sales rose by 9% compared to the same quarter last year.
  • GAAP income from continuing operations after income taxes was $155 million.
  • Crop Protection net sales increased by 6% due to price execution.
  • Seed net sales rose by 12%, driven by double-digit gains in Latin America.

Headline financials

Total Revenue

$3.48B

Previous: $3.21B+8.5%
EPS (adj)

$0.08

Previous: $0.04+100.0%
Net Income

$155M

Previous: $99M+56.6%
Gross Profit

$1.25B

Previous: $1.1B+13.9%
Cash & Equivalents

$4.46B

Previous: $3.53B+26.5%
Total Assets

$42.3B

Previous: $42.6B-0.7%

Revenue & EPS history

Corteva · Revenue · Quarterly

$3.48B

Q4 2021+8.5%vs Q4 2020
Beat estimate in 10 of 14 quarters(71%)
ActualEstimate

Revenue by segment

Corteva · $3.48B total across 2 segments · Q4 2021

  • Crop Protection
    $2.09B+6.1%
  • Seed
    $1.39B+12.3%

Forward guidance

Corteva expects net sales in the range of $16.7 billion to $17.0 billion, Operating EBITDA in the range of $2.8 billion to $3.0 billion and operating EPS in the range of $2.30 to $2.50 per share for FY 2022.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q4 2021

Historical avgQ4 2021

-0.1%

Avg return

Earnings day

+0.4%

Avg return

5 days after

+1.0%

Avg return

30 days after

59%

20 / 34 earnings

Positive

+18.0%

Q4 2023

Best reaction

-13.9%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.8%-3.5%-8.1%
Q4 2025+0.9%-1.9%+2.6%
Q3 2025+1.8%+4.9%+5.6%
Q2 2025-0.2%+1.8%+1.8%
Q1 2025+7.0%+8.7%+14.7%
Q4 2024-2.3%-1.3%-5.1%
Q3 2024-5.0%-5.2%-3.7%
Q2 2024-4.6%-7.6%+3.2%
Q1 2024+5.3%+4.1%+3.3%
Q4 2023+18.0%+13.0%+17.1%
Q3 2023-9.7%-8.1%-8.4%
Q2 2023+0.2%-3.1%-8.6%
Q1 2023-6.2%-5.0%-7.8%
Q4 2022-3.8%-5.8%-1.2%
Q3 2022-2.3%+0.4%+0.6%
Q2 2022+3.9%+7.2%+9.9%
Q1 2022+1.4%-7.3%+8.3%
Q4 2021+1.3%+3.4%+7.4%
Q3 2021+10.6%+8.6%+7.5%
Q2 2021+5.9%+7.9%+6.3%
Q1 2021-4.1%-1.7%-7.5%
Q4 2020+2.8%+5.1%+8.1%
Q3 2020+3.1%+5.2%+17.4%
Q2 2020-11.3%-6.2%+2.7%
Q1 2020+1.0%-6.9%+17.1%
Q3 2017+2.6%+3.0%-18.9%
Q4 2017+2.6%+3.0%-18.9%
Q4 2019+4.0%+11.3%-2.2%
Q3 2018-4.7%-6.6%-5.3%
Q3 2019-4.7%-6.6%-5.3%
Q2 2018+2.5%+5.8%-4.8%
Q2 2019+6.6%+1.9%-0.6%
Q1 2019-13.9%-2.7%+2.7%
Q4 2018-13.9%-2.7%+2.7%
Q1 2018
Q2 2017
Q1 2017

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