Corteva Reports Second Quarter and First Half 2021 Results, Raises Full-Year Guidance prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
First Quarter 2021 Highlights
Ongoing penetration of new products, coupled with favorable overall market fundamentals, drove volume and price gains globally. First quarter 2021 net sales and organic
1 sales both increased 6% versus prior year. Gains were reported in most regions, led by double-digit growth in Latin America.
Sales of new and differentiated products drove volume and price gains in Crop Protection. Net sales and organic
1 sales both grew 12%, with double digit net sales increases in every region. New product sales in Crop Protection increased more than $120 million compared to prior year.
Seed net sales rose 2% and organic
1 sales grew 3% year over year, driven by continued new product penetration and local price gains which more than offset the impact of seasonal timing of seed deliveries in North America
Corteva Reports Fourth Quarter and Full Year 2020 Results, Provides 2021 Guidance
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WILMINGTON, Del., Feb. 3, 2021 /PRNewswire/ Corteva, Inc. (NYSE: CTVA) ( Corteva or the Company ) today reported financial results for the fourth quarter and 12 months ended December 31, 2020.
4Q 2020 Results Overview
+5%
1. Organic Sales, Operating EPS, Pro Forma Operating EPS, Operating EBITDA and Pro Forma Operating EBITDA are non-GAAP measures. See page A-6 for further discussion. 2. Full Year 2019 GAAP information is on a pro forma basis and was determined in accordance with Article 11 of Regulation S-X that was in effect prior to recent amendments. Non-GAAP measures for these periods are reconciled to the GAAP pro forma measure. 3. North America is defined as U.S. and Canada. EMEA is defined as Europe, Middle East and Africa. 4. Full year 2020 improvement over prior-year Income from Continuing Operations After Income Taxes and GAAP