Corning Inc (N:GLW)
Business Focus: Display Screens
| Sector: Technology | Industry: Electronic Equipment & Parts |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | One Riverfront Plaza CORNING NY 14831-0001 |
| Tel: | 1-607-9746716 |
| Website: | https://www.corning.com |
| IR: | See website |
| Key People | ||
| Wendell P. Weeks Chairman of the Board, Chief Executive Officer | Avery H. Nelson Senior Vice President and General Manager, Automotive and Solar | Eric S. Musser President, Chief Operating Officer |
| Edward A. Schlesinger Chief Financial Officer, Executive Vice President | Jordana D. Kammerud Chief Human Resource Officer, Senior Vice President | Lewis A. Steverson Executive Vice President, Chief Legal and Administrative Officer |
| Martin J. Curran Executive Vice President - Innovation Officer | Jeffrey W. Evenson Executive Vice President, Chief Strategy Officer | Jaymin Amin Senior Vice President, Chief Technology Officer | Soumya Seetharam Senior Vice President, Chief Digital and Information Officer |
| Business Overview |
| Corning Incorporated is a materials science technology and innovation company. The Company operates through five segments: Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies and Life Sciences. The Optical Communications segment manufactures carrier network and enterprise network components for the telecommunications industry. Display Technologies segment manufactures glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes. Its Specialty Materials segment is engaged in manufacturing products that provide material formulations for glass, glass ceramics and fluoride crystals to meet demand for customer needs. Its Environmental Technologies segment manufactures ceramic substrates and filters for emission control systems in mobile applications. Its Life Sciences segment manufactures labware, equipment, media, serum and reagents enabling workflow solutions for drug discovery and bioproduction. |
| Financial Overview |
| For the three months ended 31 March 2024, Corning Inc revenues decreased 6% to $2.98B. Net income increased 19% to $209M. Revenues reflect Optical Communications segment decrease of 17% to $930M, Hemlock and Emerging Growth Business segment decrease of 19% to $311M. Net income reflects Other expense, net increase from $8M to $74M (income), FV/Uls Adjust on Derivatives for Hedging decrease of 68% to $24M (expense). |
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