NYSE$CTVA
Corteva Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Corteva reported strong fourth quarter 2024 results driven by record crop demand and disciplined execution.
Corteva's fourth quarter 2024 results showed significant growth, with net sales increasing 7% to $4.0 billion and organic sales up 13%. Operating EBITDA rose 36% to $525 million, and operating EPS increased 113% to $0.32. This performance was driven by strong volume gains in both Crop Protection and Seed, particularly in Brazil.
- Net sales increased 7% to $4.0 billion in Q4 2024 compared to Q4 2023.
- Organic sales grew by 13% in Q4 2024, reflecting strong underlying business performance.
- Operating EBITDA for Q4 2024 was $525 million, a 36% increase from the prior year.
- Operating EPS for Q4 2024 reached $0.32, up 113% year-over-year.
Headline financials
Revenue & EPS history
Corteva · Revenue · Quarterly
$4B
Revenue by segment
Corteva · $2.59B total across 2 segments · Q3 2023
- Crop Protection$1.71B-10.6%66.1%
- Seed$878M+1.9%33.9%
Forward guidance
Corteva expects continued growth in 2025, driven by improving agricultural market fundamentals, record demand for core crops, and recovering grain prices.
Tailwinds
- Overall agriculture fundamentals remain constructive.
- Record global consumption of corn and soybeans.
- Global grain prices are recovering.
- On-farm demand remains strong for top-tier technology.
- Company expects to repurchase approximately $1 billion of shares during 2025.
Headwinds
- Fluid macro environment acknowledged.
- Strong USD expected to impact agricultural economy.
- Price pressure expected to persist in Crop Protection industry.
- Unable to reconcile forward-looking non-GAAP financial measures to GAAP due to unpredictable items.
- Restructuring charges of $150 million to $165 million net pre-tax expected during 2025.
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 2024
-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
| Quarter | Report date | Reaction (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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