Corteva Reports Q3 Results, Stock Value $1.67B

Ticker: CTVA · Form: 10-Q · Filed: 2024-11-07T00:00:00.000Z

Sentiment: neutral

Topics: earnings, financials, 10-Q

TL;DR

**Corteva Q3: $1.67B stock, $0.16 EPS. All good.**

AI Summary

Corteva, Inc. filed its 10-Q for the period ending September 30, 2024. The filing indicates a total common stock value of $1,666,667,000 and a net income per share of $0.16 for the third quarter. The company, formerly part of DuPont, is headquartered in Indianapolis, Indiana.

Why It Matters

This filing provides investors with a snapshot of Corteva's financial performance and position as of the end of the third quarter of 2024, impacting investment decisions.

Risk Assessment

Risk Level: low — This is a standard quarterly financial filing with no immediate red flags or significant negative news.

Key Numbers

$1,666,667,000 — Total Common Stock Value (As of September 30, 2024)
$0.16 — Net Income Per Share (Q3) (Reflects profitability for the third quarter)
20240930 — Reporting Period End Date (Indicates the end of the financial quarter covered)

Key Players & Entities

Corteva, Inc. (company) — Filer
September 30, 2024 (date) — Period of Report
EIDP, Inc. (company) — Related Entity
DuPont E I De Nemours & Co (company) — Former Company Name
$1,666,667,000 (dollar_amount) — Total Common Stock Value
$0.16 (dollar_amount) — Net Income Per Share (Q3)

FAQ

What was Corteva's net income per share for the third quarter of 2024?

Corteva's net income per share for the third quarter of 2024 was $0.16.

What is the reported value of Corteva's total common stock as of September 30, 2024?

The total common stock value reported as of September 30, 2024, is $1,666,667,000.

What is the fiscal year end for Corteva, Inc.?

Corteva, Inc.'s fiscal year ends on December 31.

What was Corteva's former company name?

Corteva, Inc.'s former company name was DuPont E I De Nemours & Co.

In which state was Corteva, Inc. incorporated?

Corteva, Inc. was incorporated in Delaware (DE).

From the Filing

0001755672-24-000024.txt : 20241107 0001755672-24-000024.hdr.sgml : 20241107 20241107171917 ACCESSION NUMBER: 0001755672-24-000024 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 124 CONFORMED PERIOD OF REPORT: 20240930 FILED AS OF DATE: 20241107 DATE AS OF CHANGE: 20241107 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Corteva, Inc. CENTRAL INDEX KEY: 0001755672 STANDARD INDUSTRIAL CLASSIFICATION: AGRICULTURE PRODUCTION - CROPS [0100] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 824979096 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-38710 FILM NUMBER: 241437119 BUSINESS ADDRESS: STREET 1: 9330 ZIONSVILLE ROAD CITY: INDIANAPOLIS STATE: IN ZIP: 46268 BUSINESS PHONE: (833) 267-8382 MAIL ADDRESS: STREET 1: 9330 ZIONSVILLE ROAD CITY: INDIANAPOLIS STATE: IN ZIP: 46268 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EIDP, Inc. CENTRAL INDEX KEY: 0000030554 STANDARD INDUSTRIAL CLASSIFICATION: PLASTIC MATERIAL, SYNTH RESIN/RUBBER, CELLULOS (NO GLASS) [2820] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 510014090 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-00815 FILM NUMBER: 241437120 BUSINESS ADDRESS: STREET 1: 9330 ZIONSVILLE ROAD CITY: INDIANAPOLIS STATE: IN ZIP: 46268 BUSINESS PHONE: 8332678382 MAIL ADDRESS: STREET 1: 9330 ZIONSVILLE ROAD CITY: INDIANAPOLIS STATE: IN ZIP: 46268 FORMER COMPANY: FORMER CONFORMED NAME: DUPONT E I DE NEMOURS & CO DATE OF NAME CHANGE: 19920703 10-Q 1 ctva-20240930.htm 10-Q ctva-20240930 9/30/2024 9/30/2024 10-Q 10-Q false false September 30, 2024 September 30, 2024 0001755672 0000030554 December 31 December 31 2024 2024 Q3 Q3 Large Accelerated Filer Non-Accelerated Filer False False False False False True 0.01 0.01 0.01 1,666,667,000 1,666,667,000 1,666,667,000 689,170,000 701,260,000 704,880,000 0.17 0.16 0.16 0.16 0.15 0.15 P5Y P3Y P5Y P3Y 1 120 120 120 102 102 102 23,000 23,000 1,673 1,673 700 700 23,000 23,000 23,000 http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#OtherAssetsCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#AccruedLiabilitiesCurrent http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold http://fasb.org/us-gaap/2023#CostOfGoodsAndServicesSold SUBSEQUENT EVENTSIn April 2024, the company entered into a committed receivable repurchase facility of up to XX (the "2024 Repurchase Facility"), which expires in December 20XX. Under the 2024 Repurchase Facility, Corteva may sell a portfolio of available and eligible outstanding customer notes receivables to participating institutions and simultaneously agree to repurchase at a future date. The 2024 Repurchase Facility is considered a secured borrowing with the customer notes receivables inclusive of those that are sold and repurchased, equal to XX of the outstanding amounts borrowed utilized as c