Corning Incorporated is the world leader in specialty glass and ceramics. Drawing on more than 150 years of materials science and process engineering knowledge, Corning creates and makes keystone components that enable high-technology systems for consumer electronics, mobile emissions control, telecommunications and life sciences. 
Company Growth (employees)
Type
Public
HQ
Corning, US
Size (employees)
40,700 (est)
Corning is headquartered in Corning, US

Key People at Corning

Wendell Weeks

Wendell Weeks

Chairman and Chief Executive Officer
James Clappin

James Clappin

President
Martin Curran

Martin Curran

Executive Vice President & Corning Innovation Officer
Lisa Ferrero

Lisa Ferrero

Senior Vice President & Chief Administrative Officer
Clark Kinlin

Clark Kinlin

Executive Vice President, Corning Optical Communications
Eric Musser

Eric Musser

Executive Vice President, Corning Technologies & International
David Morse

David Morse

Executive Vice President & Chief Technology Officer
Jeff Evenson

Jeff Evenson

Senior Vice President & Chief Strategy Officer
Lawrence McRae

Lawrence McRae

Vice Chairman & Corporate Development Officer

Corning Office Locations

Corning has offices in Corning, Horseheads, Painted Post, Canton and in 4 other locations
Corning, US (HQ)
1 Riverfront Plaza
Painted Post, US
Science Center Rd
Painted Post, US
905 Addison Rd
Fairport, US
60 O'connor Rd
Big Flats, US
County Rd 64
Corning, US
Houghton Cir
Show all (15)

Corning Data and Metrics

Corning Financial Metrics

Corning's revenue was reported to be $2.4 b in Q1, 2017
USD

Revenue (Q1, 2017)

2.4 b

Gross profit (Q1, 2017)

957 m

Gross profit margin (Q1, 2017), %

40%

Net income (Q1, 2017)

86 m

EBIT (Q1, 2017)

424 m

Market capitalization (25-Jul-2017)

39.5 b

Cash (31-Mar-2017)

4.8 b
Corning's current market capitalization is $39.5 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

7.8 b9.7 b9.1 b9.4 b

Revenue growth, %

24%(6%)3%

Cost of goods sold

4.5 b5.7 b5.5 b5.6 b

Gross profit

3.3 b4.1 b3.7 b3.7 b

Gross profit Margin, %

43%42%40%40%

General and administrative expense

1.5 b

Operating expense total

1.5 b

EBIT

1.4 b1.9 b1.3 b1.4 b

EBIT margin, %

18%20%15%15%

Interest expense

120 m123 m140 m159 m

Interest income

8 m26 m21 m32 m

Pre tax profit

2.5 b3.6 b1.5 b3.7 b

Income tax expense

512 m1.1 b147 m

Net Income

2 b2.5 b1.3 b3.7 b
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

2.3 b2.3 b2 b2.4 b2.5 b2.4 b

Cost of goods sold

1.4 b1.4 b1.3 b1.4 b1.5 b1.4 b

Gross profit

975 m892 m764 m951 m1 b957 m

Gross profit Margin, %

42%39%37%40%42%40%

General and administrative expense

337 m307 m303 m499 m302 m316 m

Operating expense total

337 m307 m303 m499 m302 m316 m

EBIT

431 m392 m177 m247 m535 m424 m

EBIT margin, %

18%17%9%10%21%18%

Interest expense

(33 m)(38 m)(41 m)(40 m)(41 m)(37 m)

Interest income

5 m6 m6 m6 m9 m12 m

Pre tax profit

606 m218 m(672 m)1.7 b257 m20 m

Income tax expense

(110 m)(6 m)27 m66 m

Net Income

470 m1.5 b407 m903 m1.1 b(368 m)1.8 b2.1 b86 m
USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

4.7 b5.3 b4.5 b5.3 b

Inventories

1.3 b1.3 b1.4 b1.5 b

Current Assets

8.9 b10.2 b8.3 b9 b

Total Assets

28.5 b30.1 b28.5 b27.9 b

Accounts Payable

771 m997 m934 m1.1 b

Total Debt

3.3 b3.3 b4.5 b3.9 b

Current Liabilities

1.7 b2.3 b2.8 b2.8 b

Total Liabilities

9.9 b

Additional Paid-in Capital

13.1 b13.5 b13.4 b13.7 b

Retained Earnings

11.3 b13 b13.8 b16.9 b

Total Equity

21.2 b21.7 b18.9 b18 b

Debt to Equity Ratio

0.2 x0.2 x0.2 x0.2 x

Debt to Assets Ratio

0.1 x0.1 x0.2 x0.1 x

Financial Leverage

1.3 x1.4 x1.5 x1.6 x
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

5 b4.4 b3.5 b7.1 b4.8 b4.8 b

Current Assets

9.9 b9.3 b7.2 b10.7 b8.5 b8.7 b

Total Assets

29.9 b28.9 b27.9 b30.7 b28.8 b28.3 b

Accounts Payable

930 m909 m836 m938 m933 m1 b

Current Liabilities

2 b2 b2.6 b2.4 b2.3 b2.4 b

Retained Earnings

13.7 b13.8 b13.3 b15.3 b15.5 b17 b

Total Equity

21.1 b20.1 b18 b19.7 b17.8 b18.4 b

Financial Leverage

1.4 x1.4 x1.6 x1.6 x1.6 x1.5 x
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

2 b2.5 b1.3 b3.7 b

Depreciation and Amortization

64 m

Accounts Receivable

(29 m)(16 m)162 m(106 m)

Inventories

(247 m)2 m(77 m)(68 m)

Accounts Payable

(23 m)(3 m)(146 m)243 m

Cash From Operating Activities

2.8 b4.7 b2.8 b2.5 b

Capital Expenditures

(1 b)(1.1 b)(1.3 b)(1.1 b)

Cash From Investing Activities

(1 b)(962 m)(685 m)3.7 b

Dividends Paid

(566 m)(591 m)(679 m)(645 m)

Cash From Financing Activities

(2.1 b)(2.6 b)(2.6 b)(5.3 b)

Free Cash Flow

3.8 b5.8 b4.1 b1.4 b
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

470 m1.5 b407 m903 m1.1 b(368 m)1.8 b2.1 b86 m

Depreciation and Amortization

583 m877 m279 m562 m842 m281 m561 m844 m260 m

Accounts Receivable

(11 m)(63 m)35 m(25 m)52 m21 m(103 m)(184 m)(54 m)

Inventories

13 m27 m(1 m)(54 m)(60 m)(42 m)(66 m)(69 m)(49 m)

Accounts Payable

(384 m)(339 m)(314 m)(191 m)(294 m)(293 m)(115 m)14 m(230 m)

Cash From Operating Activities

2.5 b3.6 b601 m1.1 b1.8 b(83 m)443 m1.1 b191 m

Capital Expenditures

(478 m)(740 m)(333 m)(641 m)(939 m)(270 m)(533 m)(815 m)(364 m)

Cash From Investing Activities

(583 m)(753 m)(713 m)(623 m)(822 m)(76 m)4.2 b4 b(326 m)

Dividends Paid

(287 m)(439 m)(177 m)(350 m)(519 m)(173 m)(340 m)(493 m)(168 m)

Cash From Financing Activities

(574 m)(609 m)(1.6 b)(913 m)(2.1 b)(4.9 b)(388 m)

Free Cash Flow

2 b2.9 b268 m507 m906 m(353 m)(90 m)280 m(173 m)
Y, 2017

Financial Leverage

1.5 x

Corning Operating Metrics

Corning's Patent Applications was reported to be 10.5 k in FY, 2016, which is a 15% increase from the previous period
FY, 2014FY, 2015FY, 2016

Patent Applications

7 k9.17 k10.5 k

Patents (foreign)

4.7 k4.5 k5.82 k

Patents (US)

3.3 k3.25 k3.84 k

    Corning Market Value History

    Corning Revenue Breakdown

    Corning Job Categories

    Corning Median Salaries

    Source: 24 public H-1B filings from Corning

    Corning Online and Social Media Presence

    Corning News and Updates

    Corning Company Life and Culture

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