Corteva, Reports $714M Profit in Q2
August 11, 2023
☀️Trending News
Corteva ($NYSE:CTVA), Inc., a publicly-traded agriculture company, announced on Thursday that its second-quarter profits amounted to $714 million. This is a significant increase for the company, which had reported a loss in the same quarter last year. It provides products and services to farmers around the world, from seeds and biotechnology to crop protection products and digital services. Corteva’s success in the second quarter was driven by strong demand for its products and services.
The impressive results from Corteva’s second quarter are a good sign for the company and its shareholders. With its combination of innovative products and services, Corteva appears poised to continue its success in the near future.
Earnings
This indicates that CORTEVA is able to maintain its profitability despite the challenging market conditions.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Corteva. More…
| Total Revenues | Net Income | Net Margin |
| 17.53k | 923 | 8.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Corteva. More…
| Operations | Investing | Financing |
| 6 | -1.74k | 2.08k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Corteva. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 44.19k | 17.73k | 36.95 |
Key Ratios Snapshot
Some of the financial key ratios for Corteva are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 7.7% | 38.4% | 8.1% |
| FCF Margin | ROE | ROA |
| -3.0% | 3.4% | 2.0% |
Price History
On Friday, Corteva, Inc., a leading agriculture company, reported a $714M profit in Q2. Investors reacted positively to the news, as CORTEVA stock opened at $55.1 and closed at $56.0, up by 0.6% from the previous closing price of 55.7. Corteva is optimistic about their future and has begun to make investments in new products and services that will help them to remain competitive in the industry. Live Quote…
Analysis
GoodWhale has conducted an analysis of CORTEVA’s fundamentals and the results indicate that it is a high risk investment in terms of financial and business aspects. Our Risk Rating for CORTEVA is high, which likely reflects some underlying issues in CORTEVA’s income sheet, balance sheet, and cashflow statement. We have detected three risk warnings related to CORTEVA, and registered users can access more information about these findings. We recommend analyzing CORTEVA’s risk profile with other investments before making any decisions. Corteva_Reports_714M_Profit_in_Q2″>More…
Peers
Corteva Inc is an American agriculture company that was formed in 2019. The company specializes in seed and crop protection products. Corteva Inc’s competitors include FMC Corp, Nutrien Ltd, and The Mosaic Co.
– FMC Corp ($NYSE:FMC)
FMC Corporation is a global leader in the agricultural sciences, providing products and services to the agricultural, industrial and consumer markets. The company’s products and services help growers increase yields, improve crop quality and protect crops from pests and disease. FMC’s products also improve the quality of food and other products made from crops.
– Nutrien Ltd ($TSX:NTR)
Nutrien Ltd is a Canadian fertilizer company with a market cap of 60.6B as of 2022. The company has a return on equity of 23.76%, meaning that it is a relatively profitable company. Nutrien produces and sells a variety of fertilizer products, including nitrogen, phosphate, and potash fertilizers. The company also owns and operates a number of mines and processing facilities around the world.
– The Mosaic Co ($NYSE:MOS)
The Mosaic Co is a leading producer and marketer of concentrated phosphate and potash crop nutrients. The company has a market cap of 17.51B as of 2022 and a Return on Equity of 24.22%. The company’s products are used by farmers to improve crop yield and quality. Mosaic is a publicly traded company listed on the New York Stock Exchange.
Summary
Corteva Inc. reported a strong second quarter, with a reported net income of $714 million. This is a positive sign of the company’s financial health and a strong indication of the potential for growth and profitability. Analysts have released optimistic outlooks for Corteva, citing the company’s ongoing investments in research and development, as well as their commitment to diversifying their portfolio. Investors remain optimistic about the company’s prospects as Corteva continues to invest in new business opportunities.
The company’s focus on sustainability and environmental measures has also been a draw for investors. Overall, Corteva is a promising investment opportunity for those looking for a long-term return on investment.
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