Corning manufactures and sells specialty glasses, ceramics and related materials. The Company operates through five segments. The Display Technologies segment manufactures glass substrates for liquid crystal displays. The Optical Communications segment manufactures optical fiber and cable. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, and fluoride crystals. The Life Sciences segment manufactures and supplies scientific laboratory products consisting of consumables.

Employee Rating

3.6More
TypePublic
HQCorning, US
Founded1851
Size (employees)46,200 (est)
Websitecorning.com
Corning was founded in 1851 and is headquartered in Corning, US
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Key People/Management at Corning

Wendell Weeks

Wendell Weeks

Chairman and Chief Executive Officer
Lawrence McRae

Lawrence McRae

Vice Chairman & Corporate Development Officer
James Clappin

James Clappin

Executive Vice President, Corning Glass Technologies
Martin Curran

Martin Curran

Executive Vice President & Corning Innovation Officer
Jeffrey Evenson

Jeffrey Evenson

Executive Vice President & Chief Strategy Officer
Clark Kinlin

Clark Kinlin

EVP
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Corning Office Locations

Corning has offices in Corning, Warszawa, Amsterdam, Pozuelo de Alarcón and in 10 other locations
Corning, US (HQ)
1 Riverfront Plaza
Clayton, AU
211 Wellington Rd
Vordingborg, DK
10 Industriparken
Berlin, DE
121 Leipziger Str.
Kaiserslautern, DE
1 Carl-Billand Strasse
Gurugram, IN
CRPF Road
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Corning Financials and Metrics

Corning Revenue

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Corning's revenue was reported to be $10.12 b in FY, 2017 which is a 7.7% increase from the previous period.
USD

Revenue (Q3, 2018)

3.0b

Gross profit (Q3, 2018)

1.2b

Gross profit margin (Q3, 2018), %

41%

EBIT (Q3, 2018)

522.0m

Market capitalization (17-Jan-2019)

24.2b

Closing stock price (17-Jan-2019)

30.3

Cash (30-Sep-2018)

1.9b

EV

27.4b
Corning's current market capitalization is $24.2 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

7.8b9.7b9.1b9.4b10.1b

Revenue growth, %

24%(6%)3%8%

Cost of goods sold

4.5b5.7b5.5b5.6b6.1b

Gross profit

3.3b4.1b3.7b3.7b4.0b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018

Revenue

2.3b2.3b2.0b2.4b2.5b2.4b2.5b2.6b5.2b3.0b

Cost of goods sold

1.4b1.4b1.3b1.4b1.5b1.4b1.5b1.6b3.2b1.8b

Gross profit

975.0m892.0m764.0m951.0m1.0b957.0m985.0m1.1b2.0b1.2b

Gross profit Margin, %

42%39%37%40%42%40%39%41%39%41%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

4.7b5.3b4.5b5.3b4.3b

Accounts Receivable

1.5b1.8b

Inventories

1.3b1.3b1.4b1.5b1.7b

Current Assets

8.9b10.2b8.3b9.0b8.8b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

5.0b5.1b5.4b5.0b4.4b3.5b7.1b4.8b4.8b4.2b3.9b3.1b2.0b1.9b

Inventories

1.4b1.4b1.3b

Current Assets

9.6b9.9b10.0b9.9b9.3b7.2b10.7b8.5b8.7b8.4b8.3b7.7b6.5b6.6b

Total Assets

29.5b29.8b29.8b29.9b28.9b27.9b30.7b28.8b28.3b27.8b28.1b26.8b26.1b26.4b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

2.0b2.5b1.3b3.7b(497.0m)

Depreciation and Amortization

1.2b1.2b1.2b

Inventories

(247.0m)2.0m(77.0m)(68.0m)(170.0m)

Accounts Payable

(23.0m)(3.0m)(126.0m)259.0m169.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

1.5b301.0m470.0m1.5b407.0m903.0m1.1b(368.0m)1.8b2.1b86.0m525.0m915.0m(589.0m)149.0m774.0m

Depreciation and Amortization

730.0m289.0m583.0m877.0m279.0m562.0m842.0m281.0m561.0m844.0m260.0m523.0m799.0m304.0m604.0m895.0m

Inventories

(238.0m)(3.0m)13.0m27.0m(1.0m)(54.0m)(60.0m)(42.0m)(66.0m)(69.0m)(49.0m)(110.0m)(166.0m)(98.0m)(193.0m)(235.0m)

Accounts Payable

(278.0m)(413.0m)(384.0m)(339.0m)(314.0m)(191.0m)(294.0m)(293.0m)(115.0m)14.0m(230.0m)(317.0m)(123.0m)(162.0m)(146.0m)94.0m
USDY, 2018

EV/EBIT

52.5 x

EV/CFO

13.8 x

EV/FCF

78.5 x

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

1.9 x
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Corning Operating Metrics

FY, 2014FY, 2015FY, 2016

Patent Applications

7 k9.17 k10.50 k

Patents (Foreign)

4.70 k4.50 k5.82 k

Patents (US)

3.30 k3.25 k5.82 k
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Corning Revenue Breakdown

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Corning revenue breakdown by business segment: 8.7% from Life Sciences, 13.9% from Specialty Materials, 10.9% from Environmental Technologies, 35.0% from Optical Communications, 29.6% from Display Technologies and 1.8% from Other

Corning revenue breakdown by geographic segment: 11.1% from Europe, 34.2% from North America, 51.4% from Asia Pacific and 3.3% from Other

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Corning Online and Social Media Presence

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Corning News and Updates

3D Cell Culture Market Analysis and Forecast 2019-2025 with Key Players Corning, Lonza, Thermo Fisher Scientific, 3D Biotek, Synthon, Becton, Dickinson & Company, Merck & Co. Inc., Nano 3D Biosciences Inc., Sigma Aldrich Corp

3D Cell Culture Industry By Products (Scaffold-Based, Scaffold-Free, Microfluidics-Based, Magnetic Levitation & 3D Bio printing), End User(Pharmaceutical & Biotechnology Companies, Research Institutes) – Global Size Analysis and Market Forecast 2019-2025 Posted via Industry Today. Follow us …

Global Automotive Vision Systems Markets, Technology, Trends and Forecasts Report 2019-2033 with Interviews from Corning, Covestro, Ficosa, Flabeg, Gentex, Harman, Pilkington, SABIC, Sekurit and SL

DUBLIN, Jan. 11, 2019 /PRNewswire/ -- The "Automotive Vision Systems - Technology, Trends and Forecasts to 2033" report has been added to ResearchAndMarkets.com's offering. This report provides a comprehensive overview of automotive vision systems - glazing, mirrors and wipers - and...

Technology aspects on Global Photochromic lenses Market Business Growth Statistics and Key Carl Zeiss Meditec AG, Corning Incorporated, Essilor International S.A., HOYA Corporation, Forecast to 2019-2025

Photochromic lenses are optical lenses that darken on exposure to specific types of light of sufficient intensity, most commonly ultraviolet (UV) radiation. They are principally used in eyeglasses that are dark in bright sunlight, but clear in low ambient light conditions. Photochromic lenses filter…

OtterBox and Corning Partner to Redefine Mobile Device Screen Protection

FORT COLLINS, Colo., Jan. 8, 2019 /PRNewswire/ -- OtterBox and Corning, the global leader in glass science, today announced a strategic partnership that will bring a new class of screen protection to mobile devices. OtterBox, the No. 1-selling smartphone case brand in the U.S.,1 will soon ...

How Corning Makes Super-Pure Glass for Fiber-Optic Cable

The glass company can't just melt silica. The process involves glass soot particles and a grain silo of sorts.

Lab Glassware Market to Show Strong Growth | Leading Key players Corning, Quark Enterprises, Bellco Glass

The qualitative research study conducted by HTF MI titled “Global Lab Glassware Market Research Report 2019” provides primary Data, surveys, Scope of the Product and vendor briefings. Posted via Industry Today. Follow us on Twitter @IndustryToday
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Corning Company Life and Culture

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Corning Frequently Asked Questions

  • When was Corning founded?

    Corning was founded in 1851.

  • Who are Corning key executives?

    Corning's key executives are Wendell Weeks, Lawrence McRae and James Clappin.

  • How many employees does Corning have?

    Corning has 46,200 employees.

  • What is Corning revenue?

    Latest Corning annual revenue is $10.1 b.

  • What is Corning revenue per employee?

    Latest Corning revenue per employee is $219 k.

  • Who are Corning competitors?

    Competitors of Corning include CommScope, Gentex and Eizo.

  • Where is Corning headquarters?

    Corning headquarters is located at 1 Riverfront Plaza, Corning.

  • Where are Corning offices?

    Corning has offices in Corning, Warszawa, Amsterdam, Pozuelo de Alarcón and in 10 other locations.

  • How many offices does Corning have?

    Corning has 14 offices.