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Complete financial analysis of Corning Incorporated (GLW) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Corning Incorporated, a leading company in the Hardware, Equipment & Parts industry within the Technology sector.
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Corning Incorporated (GLW)
About Corning Incorporated
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 12.59B | 14.19B | 14.08B | 11.30B | 11.50B | 11.29B | 10.12B | 9.39B | 9.11B | 9.72B | 7.82B | 8.01B | 7.89B | 6.63B | 5.40B | 5.95B | 5.86B | 5.17B | 4.58B | 3.85B | 3.09B | 3.16B | 6.27B | 7.27B | 4.30B | 3.48B | 4.09B | 3.65B | 5.31B | 4.77B | 4.00B | 3.71B | 3.26B | 2.94B | 2.44B | 2.12B | 2.08B | 1.86B | 1.69B |
| Cost of Revenue | 8.66B | 9.68B | 9.02B | 7.77B | 7.47B | 6.83B | 6.08B | 5.64B | 5.46B | 5.66B | 4.50B | 4.62B | 4.32B | 3.58B | 3.30B | 3.21B | 3.11B | 2.89B | 2.60B | 2.44B | 2.24B | 2.56B | 4.38B | 3.61B | 2.32B | 1.86B | 2.08B | 1.97B | 3.01B | 2.72B | 2.32B | 2.16B | 1.89B | 1.71B | 1.43B | 1.24B | 1.26B | 1.09B | 983.50M |
| Gross Profit | 3.93B | 4.51B | 5.06B | 3.53B | 4.04B | 4.46B | 4.03B | 3.75B | 3.65B | 4.05B | 3.32B | 3.40B | 3.57B | 3.05B | 2.09B | 2.74B | 2.75B | 2.28B | 1.98B | 1.42B | 849.00M | 602.00M | 1.89B | 3.66B | 1.98B | 1.63B | 2.01B | 1.68B | 2.30B | 2.05B | 1.69B | 1.55B | 1.37B | 1.23B | 1.01B | 877.70M | 821.90M | 766.00M | 707.00M |
| Gross Profit Ratio | 31.23% | 31.76% | 35.95% | 31.24% | 35.08% | 39.51% | 39.86% | 39.89% | 40.09% | 41.71% | 42.51% | 42.40% | 45.20% | 45.97% | 38.80% | 46.03% | 46.91% | 44.12% | 43.33% | 36.72% | 27.48% | 19.03% | 30.17% | 50.35% | 46.01% | 46.73% | 49.03% | 46.03% | 43.37% | 42.93% | 42.15% | 41.67% | 42.00% | 41.69% | 41.39% | 41.37% | 39.44% | 41.26% | 41.82% |
| Research & Development | 1.08B | 1.05B | 995.00M | 1.15B | 1.03B | 993.00M | 860.00M | 742.00M | 769.00M | 815.00M | 710.00M | 745.00M | 671.00M | 603.00M | 563.00M | 627.00M | 565.00M | 517.00M | 443.00M | 355.00M | 344.00M | 483.00M | 631.00M | 540.00M | 362.60M | 293.90M | 250.70M | 189.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 1.84B | 1.90B | 1.83B | 1.75B | 1.59B | 1.80B | 1.47B | 1.47B | 1.52B | 1.21B | 1.13B | 1.17B | 1.03B | 1.02B | 881.00M | 901.00M | 912.00M | 857.00M | 756.00M | 653.00M | 599.00M | 716.00M | 1.10B | 1.05B | 602.50M | 487.70M | 671.40M | 831.10M | 1.34B | 1.05B | 947.10M | 906.60M | 753.20M | 706.30M | 655.80M | 533.80M | 529.10M | 468.20M | 443.40M |
| Other Expenses | 0.00 | 123.00M | 129.00M | 121.00M | 113.00M | -216.00M | -103.00M | -84.00M | -101.00M | 1.39B | 667.00M | 83.00M | 15.00M | 8.00M | 10.00M | -329.00M | 195.00M | 57.00M | 210.00M | 71.00M | 450.00M | 43.00M | 439.00M | 520.00M | 380.70M | 298.00M | 321.60M | 288.10M | 377.40M | 338.40M | 280.40M | 248.20M | 231.30M | 211.20M | 171.30M | 153.90M | 145.70M | 130.10M | 126.70M |
| Operating Expenses | 3.04B | 3.07B | 2.95B | 3.02B | 2.73B | 2.89B | 2.40B | 2.28B | 2.35B | 2.06B | 1.87B | 1.93B | 1.72B | 1.58B | 1.45B | 1.22B | 1.67B | 1.43B | 1.41B | 1.08B | 1.39B | 1.24B | 2.17B | 2.11B | 1.35B | 1.08B | 1.24B | 1.12B | 1.72B | 1.39B | 1.23B | 1.15B | 984.50M | 917.50M | 827.10M | 687.70M | 674.80M | 598.30M | 570.10M |
| Cost & Expenses | 11.70B | 12.75B | 11.97B | 10.79B | 10.20B | 9.72B | 8.49B | 7.92B | 7.80B | 7.72B | 6.36B | 6.54B | 6.04B | 5.16B | 4.76B | 4.43B | 4.78B | 4.32B | 4.00B | 3.52B | 3.63B | 3.80B | 6.55B | 5.72B | 3.67B | 2.94B | 3.33B | 3.09B | 4.73B | 4.11B | 3.54B | 3.32B | 2.87B | 2.63B | 2.26B | 1.93B | 1.94B | 1.69B | 1.55B |
| Interest Income | 38.00M | 15.00M | 11.00M | 15.00M | 21.00M | 38.00M | 45.00M | 32.00M | 21.00M | 26.00M | 8.00M | 14.00M | 19.00M | 11.00M | 19.00M | 85.00M | 145.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 104.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 329.00M | 292.00M | 300.00M | 276.00M | 221.00M | 191.00M | 155.00M | 159.00M | 140.00M | 123.00M | 120.00M | 111.00M | 89.00M | 109.00M | 82.00M | 59.00M | 82.00M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 106.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 1.37B | 1.45B | 1.48B | 1.52B | 1.50B | 1.29B | 1.16B | 1.20B | 1.18B | 1.20B | 1.00B | 997.00M | 957.00M | 854.00M | 792.00M | 695.00M | 607.00M | 591.00M | 512.00M | 523.00M | 517.00M | 661.00M | 1.08B | 520.00M | 380.70M | 298.00M | 321.60M | 288.10M | 377.40M | 338.40M | 280.40M | 248.20M | 231.30M | 211.20M | 171.30M | 153.90M | 145.70M | 130.10M | 126.70M |
| EBITDA | 2.51B | 3.36B | 3.77B | 2.87B | 3.16B | 2.90B | 2.77B | 2.64B | 2.52B | 3.05B | 2.46B | 3.22B | 4.26B | 4.81B | 2.81B | 2.28B | 1.98B | 1.63B | 1.18B | -968.00M | -27.00M | 21.00M | 729.00M | 1.84B | 1.14B | 1.01B | 968.50M | 757.60M | 744.20M | 999.40M | 741.10M | 639.00M | 615.70M | 519.70M | 353.80M | 343.90M | 292.80M | 297.80M | 263.60M |
| EBITDA Ratio | 19.97% | 22.48% | 27.16% | 17.33% | 23.40% | 27.28% | 30.56% | 30.83% | 29.74% | 50.22% | 47.08% | 42.09% | 54.42% | 64.76% | 53.48% | 38.67% | 29.32% | 27.48% | 26.91% | 69.85% | 15.50% | 62.04% | 104.53% | 36.89% | 19.28% | 23.06% | 24.84% | 21.46% | 23.51% | 21.84% | 26.89% | 15.82% | 15.43% | 11.52% | 4.56% | 4.48% | 7.47% | 11.79% | 14.79% |
| Operating Income | 890.00M | 1.44B | 2.11B | 509.00M | 1.31B | 1.58B | 1.63B | 1.39B | 1.32B | 1.93B | 1.37B | 1.32B | 1.69B | 1.80B | 391.00M | 1.52B | 1.08B | 846.00M | 613.00M | -1.45B | -655.00M | -2.72B | -6.00B | 1.56B | 631.20M | 548.50M | 761.40M | 561.60M | 586.90M | 661.00M | 460.70M | 390.80M | 384.40M | 308.50M | 182.50M | 190.00M | 147.10M | 167.70M | 136.90M |
| Operating Income Ratio | 7.07% | 10.13% | 15.00% | 4.50% | 11.35% | 13.95% | 16.11% | 14.81% | 14.51% | 19.88% | 17.53% | 16.49% | 21.47% | 27.16% | 7.25% | 25.55% | 18.45% | 16.35% | 13.39% | -37.70% | -21.20% | -85.97% | -95.66% | 21.38% | 14.69% | 15.74% | 18.62% | 15.38% | 11.05% | 13.86% | 11.50% | 10.54% | 11.79% | 10.49% | 7.48% | 8.96% | 7.06% | 9.03% | 8.10% |
| Total Other Income/Expenses | -74.00M | 359.00M | 314.00M | 114.00M | -90.00M | -72.00M | 27.00M | 2.27B | 164.00M | 1.64B | 1.10B | 791.00M | 1.50B | 2.04B | 1.54B | 3.00M | 210.00M | 115.00M | -54.00M | -127.00M | -104.00M | 0.00 | -63.00M | 60.40M | -62.00M | -44.20M | -15.60M | -30.60M | -445.90M | -209.60M | -440.60M | -32.00M | 37.40M | 116.70M | 193.80M | 205.60M | 97.30M | 47.40M | -24.30M |
| Income Before Tax | 816.00M | 1.80B | 2.40B | 623.00M | 1.22B | 1.50B | 1.66B | 3.69B | 1.49B | 3.57B | 2.47B | 2.12B | 3.21B | 3.85B | 1.93B | 1.52B | 1.29B | 961.00M | 572.00M | -1.58B | -759.00M | -2.72B | -6.11B | 817.00M | 665.50M | 460.30M | 667.00M | 506.10M | 103.90M | 451.40M | 20.10M | 358.80M | 421.80M | 425.20M | 376.30M | 395.60M | 244.40M | 215.10M | 112.60M |
| Income Before Tax Ratio | 6.48% | 12.66% | 17.02% | 5.51% | 10.57% | 13.31% | 16.38% | 39.32% | 16.31% | 36.73% | 31.63% | 26.42% | 40.72% | 57.98% | 35.85% | 25.61% | 22.03% | 18.57% | 12.49% | -41.00% | -24.56% | -85.97% | -97.43% | 11.23% | 15.49% | 13.21% | 16.31% | 13.86% | 1.96% | 9.46% | 0.50% | 9.67% | 12.94% | 14.46% | 15.43% | 18.65% | 11.73% | 11.59% | 6.66% |
| Income Tax Expense | 168.00M | 411.00M | 491.00M | 111.00M | 256.00M | 437.00M | 2.15B | -3.00M | 147.00M | 1.10B | 512.00M | 389.00M | 408.00M | 287.00M | -74.00M | -2.41B | 80.00M | 55.00M | 578.00M | 1.03B | -254.00M | -726.00M | -452.00M | 407.00M | 188.60M | 132.80M | 227.20M | 163.20M | 154.70M | 170.10M | 35.30M | 92.50M | 110.60M | 136.10M | 116.90M | 103.20M | 55.30M | 52.90M | 5.00M |
| Net Income | 581.00M | 1.32B | 1.91B | 512.00M | 960.00M | 1.07B | -497.00M | 3.70B | 1.34B | 2.47B | 1.96B | 1.64B | 2.82B | 3.56B | 2.01B | 5.26B | 2.15B | 1.86B | 585.00M | -2.17B | -223.00M | -1.30B | -5.50B | 422.00M | 516.00M | 421.30M | 439.80M | 175.60M | -50.80M | 281.30M | -15.20M | -12.60M | 311.20M | 289.10M | 259.40M | 292.40M | 189.10M | 162.20M | 107.60M |
| Net Income Ratio | 4.62% | 9.27% | 13.54% | 4.53% | 8.35% | 9.44% | -4.91% | 39.35% | 14.70% | 25.45% | 25.08% | 20.42% | 35.70% | 53.65% | 37.22% | 88.38% | 36.69% | 35.85% | 12.78% | -56.18% | -7.22% | -41.15% | -87.66% | 5.80% | 12.01% | 12.09% | 10.75% | 4.81% | -0.96% | 5.90% | -0.38% | -0.34% | 9.55% | 9.83% | 10.63% | 13.78% | 9.08% | 8.74% | 6.36% |
| EPS | 0.69 | 1.56 | 1.30 | 0.54 | 1.11 | 1.13 | -0.56 | 3.53 | 1.02 | 1.82 | 1.35 | 1.10 | 1.80 | 2.28 | 1.30 | 3.37 | 1.37 | 1.20 | 0.40 | -1.56 | -0.22 | -1.27 | -5.89 | 0.49 | 0.22 | 0.19 | 0.21 | 0.08 | -0.07 | 0.44 | -0.03 | -0.02 | 0.09 | 0.09 | 0.08 | 0.05 | 0.03 | 0.03 | 0.02 |
| EPS Diluted | 0.68 | 1.54 | 1.28 | 0.54 | 1.07 | 1.13 | -0.56 | 3.23 | 1.00 | 1.73 | 1.34 | 1.09 | 1.78 | 2.25 | 1.28 | 3.32 | 1.34 | 1.16 | 0.38 | -1.56 | -0.22 | -1.27 | -5.89 | 0.49 | 0.22 | 0.19 | 0.21 | 0.08 | -0.07 | 0.44 | -0.03 | -0.02 | 0.09 | 0.09 | 0.08 | 0.05 | 0.03 | 0.03 | 0.02 |
| Weighted Avg Shares Out | 848.00M | 843.00M | 828.00M | 761.00M | 776.00M | 941.00M | 895.00M | 1.02B | 1.22B | 1.31B | 1.45B | 1.49B | 1.56B | 1.56B | 1.55B | 1.56B | 1.57B | 1.55B | 1.46B | 1.39B | 1.01B | 1.03B | 933.62M | 859.18M | 2.30B | 694.50M | 694.80M | 686.10M | 689.40M | 634.55M | 602.51M | 582.28M | 581.28M | 551.68M | 565.87M | 533.68M | 541.08M | 518.73M | 515.27M |
| Weighted Avg Shares Out (Dil) | 859.00M | 857.00M | 844.00M | 772.00M | 899.00M | 941.00M | 895.00M | 1.14B | 1.34B | 1.43B | 1.46B | 1.51B | 1.58B | 1.58B | 1.57B | 1.58B | 1.57B | 1.60B | 1.54B | 1.39B | 1.01B | 1.03B | 933.62M | 2.62B | 2.39B | 694.50M | 694.80M | 686.10M | 689.40M | 634.55M | 602.51M | 582.28M | 581.28M | 551.68M | 565.87M | 533.68M | 541.08M | 518.73M | 515.27M |
Corning's Comeback: From Forgotten Stock To AI Darling
Corning Incorporated's price has rallied over the past year, since my last bullish take on the stock. GLW recently reported robust Q3 results, and is seeing strong momentum around AI and data center-fueled demand from leading telcos. Corning is also...
Corning Q3: The Period Of Growth Is Finally Here
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Corning Q3 2024 Earnings Review: EPS And Revenue Beat, Guidance Increased
Corning's strong Q3 performance and bullish outlook suggest GLW stock may trade higher, attracting long-term investors. Corning's Optical Communications unit benefits from new optical-connectivity products for generative AI, with potential growth from agreements with AT&T and Lumen Technologies. Corning expects...
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Corning Q3 Earnings Beat on Solid Growth in Optical Communications
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Corning Incorporated (GLW) Q3 2024 Earnings Call Transcript
Corning Incorporated (NYSE:GLW ) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman and Chief Executive Officer Edward Schlesinger - Executive Vice President and Chief...
Corning (GLW) Reports Q3 Earnings: What Key Metrics Have to Say
Although the revenue and EPS for Corning (GLW) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Corning (GLW) Beats Q3 Earnings and Revenue Estimates
Corning (GLW) came out with quarterly earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $0.45 per share a year ago.
Corning forecasts upbeat quarterly results on robust demand for optical fiber
Gorilla Glass maker Corning fourth-quarter profit forecast beat estimates on Tuesday, as rising consumption of data over networks, including for generative AI model training, continues to increase demand for its optical fiber products.
Source: https://incomestatements.info
Category: Stock Reports