Corteva (CTVA) Revenue — Quarter Ended Mar 31, 2023
Revenue rose compared to both the prior quarter and the same quarter last year, indicating a strong performance. The sequential increase was notably larger than the year-over-year growth.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue rose compared to both the prior quarter and the same quarter last year, indicating a strong performance. The sequential increase was notably larger than the year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.9B
Revenue reported for this quarter.
Quarter-over-quarter
+27.7%
Change from the immediately preceding quarter.
Year-over-year
+6.2%
Change from the comparable year-ago quarter.
Trailing four quarters
$17.7B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $6.3B | +11.1% |
| Sep 30, 2022 | $2.8B | +17.1% |
| Dec 31, 2022 | $3.8B | +9.9% |
| Mar 31, 2023 | $4.9B | +6.2% |
Revenue performance
The company reported higher revenue for the quarter, with growth accelerating from the preceding three-month period. The year-over-year comparison also showed an increase, though at a more moderate pace.
Quarterly comparison
Sequentially, revenue improved substantially from the immediately preceding quarter. On an annual basis, revenue also grew compared to the same quarter one year earlier, but at a slower rate than the sequential change.
What to watch
The current quarter's revenue was the second highest in the trailing four quarters, suggesting a strong seasonal or operational rebound.