Corteva, Inc. Annual Report, Year Ended Dec 31, 2021

Corteva, Inc. (CTVA) reported strong performance in its 2021 fiscal year, with net sales increasing by 10% to $15.7 billion, driven by a 5% volume increase and a 4% price increase. This growth was supported by the successful penetration of new products and the company's "price for value" strategy, which helped offset rising raw material and logistics costs. Operating EBITDA also saw a significant increase, reaching $2.6 billion, up from $2.1 billion in the prior year, reflecting robust price execution and volume gains across all regions and segments. The company continued to return capital to shareholders, with approximately $1.3 billion deployed through share repurchases and dividends in 2021. Corteva also announced an increase in its common stock dividend and a new $1.5 billion share repurchase program, signaling confidence in its ongoing financial strength and commitment to shareholder returns. The company's strategic priorities focus on leveraging its innovation pipeline, driving margin expansion through operational excellence, generating strong cash flow, and deploying capital in a balanced way for growth and shareholder returns.