Corteva (CTVA) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter rose compared to the prior quarter but fell compared to the same period last year. The sequential improvement reflects a rebound from the previous quarter's lower level, while the year-over-year decline continues a trend seen in recent quarters.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter rose compared to the prior quarter but fell compared to the same period last year. The sequential improvement reflects a rebound from the previous quarter's lower level, while the year-over-year decline continues a trend seen in recent quarters.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.5B
Revenue reported for this quarter.
Quarter-over-quarter
+21.2%
Change from the immediately preceding quarter.
Year-over-year
-8.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$16.8B
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, 2023 | $6B | -3.3% |
| Sep 30, 2023 | $2.6B | -6.7% |
| Dec 31, 2023 | $3.7B | -3.1% |
| Mar 31, 2024 | $4.5B | -8.0% |
Revenue performance
The reported revenue increased from the preceding quarter, marking a reversal of the prior quarter's decline. However, revenue was lower than the same quarter a year ago, consistent with the downward trajectory observed over the past several quarters.
Quarterly comparison
Compared to the immediately preceding quarter, revenue showed a significant increase. In contrast, when measured against the same quarter one year earlier, revenue decreased, aligning with the negative year-over-year changes reported in each of the last three quarters.
What to watch
Monitor whether the sequential revenue growth can be sustained in the coming quarters given the persistent year-over-year declines.