Corteva Q4 2019 Earnings Report
Key Takeaways
Corteva reported a 6% increase in net sales and a $174 million improvement in operating EBITDA for the fourth quarter of 2019. Volume gains were driven by Crop Protection in North America and sales of new products in Latin America and EMEA. The company achieved approximately $50 million in merger-related synergies during the quarter.
Net sales increased 6% versus the same period last year, with organic sales increases of 9%.
Operating EBITDA was $224 million, a $174 million improvement versus the same period last year.
Volume gains in both segments were driven primarily by Crop Protection operating EBITDA improvement in North America.
The company achieved approximately $50 million in merger-related synergies in the quarter.
Corteva
Corteva
Corteva Revenue by Segment
Corteva Revenue by Geographic Location
Forward Guidance
The Company provided guidance for full year 2020 net sales of approximately $14.5 billion and expects operating EBITDA of approximately $2.2 billion for the same period. The Company’s operating EPS range is expected to be between $1.45 and $1.55 per share.
Revenue & Expenses
Visualization of income flow from segment revenue to net income