Corteva Inc

CTVA: XNYS (USA)
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$47.00PqkzRzvmtxwfb

Corteva's Growing Premium Seed and Crop Protection Products Should Drive Long-Term Margin Expansion

Business Strategy and Outlook

Corteva is an agriculture pure play that was formed in 2019 when it was spun out of DowDuPont. The company is a global leader in seeds and crop protection products. Seeds generated around 60% of profits in 2023, with the remaining 40% coming from crop protection. Corteva develops its pipeline through the investment of around 8% of sales in research and development, which should allow sales and profits to grow from new products even as patents expire and generic products come to market.

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