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Dec 31, 2024
Corteva Q4 2024 Earnings Report
Corteva reported strong fourth quarter 2024 results driven by record crop demand and disciplined execution.
Key Takeaways
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.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Corteva expects continued growth in 2025, driven by improving agricultural market fundamentals, record demand for core crops, and recovering grain prices.
Positive Outlook
- 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.
Challenges Ahead
- 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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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