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GLW - Corning Incorporated

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Corning Incorporated

GLW

NYSE

Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment offers glass substrates for liquid crystal displays and organic light-emitting diodes used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories. This segment also offers its products to businesses, governments, and individuals. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, crystals, precision metrology instruments, software; as well as ultra-thin and ultra-flat glass wafers, substrates, tinted sunglasses, and radiation shielding products. This segment serves various industries, including mobile consumer electronics, semiconductor equipment optics and consumables; aerospace and defense optics; radiation shielding products, sunglasses, and telecommunications components. The company's Environmental Technologies segment offers ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.

45.76 USD

0.98 (2.14%)

GLW Financial Statements

Year

2024

2023

2022

2021

Total Revenue

13.12B

12.59B

14.19B

14.08B

Cost of Revenue

8.84B

8.66B

9.68B

9.02B

Gross Profit

4.28B

3.93B

4.51B

5.06B

Operating Expenses

3.14B

3.04B

3.07B

2.95B

Research and Development

1.09B

1.08B

1.05B

995M

Selling, General & Administrative Expenses

1.93B

1.84B

1.9B

1.83B

Selling & Marketing Expenses

0

0

0

0

General & Administrative Expenses

0

0

0

0

Other Expenses

121M

0

123M

129M

Operating Income

1.14B

890M

1.44B

2.11B

Total Other Income/Expenses Net

-322M

-74M

359M

314M

Income Before Tax

813M

816M

1.8B

2.4B

Income Tax

221M

168M

411M

491M

Net Income

506M

581M

1.32B

1.91B

Basic EPS

0.58

0.69

1.56

1.3

EPS Diluted

0.58

0.68

1.54

1.28

Basic Average Shares

853M

848M

843M

828M

Diluted Average Shares

869M

859M

857M

844M

EBITDA

2.49B

2.51B

3.36B

3.77B

Retained Earning Schedule

Year

2024

2023

2022

2021

Retained Earnings (Previous Year)

16.39B

16.78B

16.39B

16.12B

Net Income

506M

581M

1.32B

1.91B

Stock Repurchases

-165M

-507M

-728M

-781M

Dividend Paid

-986M

-989M

-932M

-871M

Retained Earnings

15.93B

16.39B

16.78B

16.39B

Other Distributions

-1.62B

-1.88B

-1.27B

-1.38B

PPE Schedule

Year

2024

2023

2022

2021

Gross PPE

13.36B

15.51B

16.21B

15.8B

Annual Depreciation

1.35B

1.37B

1.45B

1.48B

Capital Expenditure

-965M

-1.39B

-1.6B

-1.64B

Net PPE

12.97B

15.53B

16.36B

15.96B

Intangible and Goodwill Schedule

Year

2024

2023

2022

2021

Acquisitions and Adjustments

-17M

-14M

-27M

-39M

Goodwill (Previous Year)

2.38B

2.39B

2.42B

2.46B

Goodwill

2.36B

2.38B

2.39B

2.42B

All figures are in USD.

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