Corning manufactures and sells specialty glasses, ceramics and related materials. The Company operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials and Life Sciences.

Type
Public
HQ
Corning, US
Founded
1851
Size (employees)
46,200 (est)+14%
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
Clark Kinlin

Clark Kinlin

Executive Vice President
Lisa Ferrero

Lisa Ferrero

Senior Vice President & Chief Administrative Officer
Eric Musser

Eric Musser

Executive Vice President, Corning Technologies & International
Tony Tripeny

Tony Tripeny

Senior Vice President & Chief Financial Officer
James Clappin

James Clappin

Executive Vice President, Corning Glass Technologies
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Corning Office Locations

Corning has offices in Corning, Horseheads, Painted Post, Canton and in 4 other locations
Corning, US (HQ)
1 Riverfront Plaza
Big Flats, US
County Rd 64
Canton, US
334 Co Rd 16
Corning, US
1 W Market St
Corning, US
Houghton Cir
Fairport, US
60 O'Connor Rd
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Corning Financials and Metrics

Corning Financials

Corning's revenue was reported to be $9.39 b in FY, 2016 which is a 3.1% increase from the previous period.
USD

Revenue (Q3, 2017)

2.6 b

Gross profit (Q3, 2017)

1.1 b

Gross profit margin (Q3, 2017), %

40.5%

EBIT (Q3, 2017)

453 m

Market capitalization (18-Apr-2018)

21 b

Cash (31-Dec-2017)

4.3 b

EV

21.4 b
Corning's current market capitalization is $21 b.
Annual
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
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

2.3 b2.3 b2 b2.4 b2.5 b2.4 b2.5 b2.6 b

Cost of goods sold

1.4 b1.4 b1.3 b1.4 b1.5 b1.4 b1.5 b1.6 b

Gross profit

975 m892 m764 m951 m1 b957 m985 m1.1 b

Gross profit Margin, %

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

Cash

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

Inventories

1.3 b1.3 b1.4 b1.5 b

Current Assets

8.9 b10.2 b8.3 b9 b8.8 b

Total Assets

28.5 b30.1 b28.5 b27.9 b27.5 b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

5 b4.4 b3.5 b7.1 b4.8 b4.8 b4.2 b3.9 b

Current Assets

9.9 b9.3 b7.2 b10.7 b8.5 b8.7 b8.4 b8.3 b

Total Assets

29.9 b28.9 b27.9 b30.7 b28.8 b28.3 b27.8 b28.1 b

Accounts Payable

930 m909 m836 m938 m933 m1 b1.1 b1.2 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

2 b2.5 b1.3 b3.7 b(497 m)

Depreciation and Amortization

64 m1.1 b

Inventories

(247 m)2 m(77 m)(68 m)(170 m)

Accounts Payable

(23 m)(3 m)(146 m)243 m169 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Net Income

1.5 b301 m470 m1.5 b407 m903 m1.1 b(368 m)1.8 b2.1 b86 m525 m915 m

Depreciation and Amortization

730 m289 m583 m877 m279 m562 m842 m281 m561 m844 m260 m523 m799 m

Inventories

(238 m)(3 m)13 m27 m(1 m)(54 m)(60 m)(42 m)(66 m)(69 m)(49 m)(110 m)(166 m)

Accounts Payable

(278 m)(413 m)(384 m)(339 m)(314 m)(191 m)(294 m)(293 m)(115 m)14 m(230 m)(317 m)(123 m)
USDY, 2017

EV/EBIT

47.3 x

EV/CFO

10.7 x

EV/FCF

107.1 x

Revenue/Employee

64.1 k

Financial Leverage

1.7 x
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Corning Operating Metrics

Corning's Patent Applications was reported to be 10.5 k in FY, 2016.
FY, 2014FY, 2015FY, 2016

Patent Applications

7 k9.17 k10.50 k

Patents (US)

3.30 k3.25 k5.82 k

Patents (foreign)

4.70 k4.50 k5.82 k
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Corning News and Updates

The Pollution Leaking From Coal Mines Can Now Be Turned Into Paint

Reclaimed Earth Violet is the first pigment from a new pollution-sucking plant that is cleaning the waters leaking from an abandoned coal mine in Appalachia. Next to a small creek in the Appalachian village of Corning, Ohio, a leak coming from a network of abandoned coal mines pumps out roughly a mi…

Sapphire Glass Market Gain Impetus due to the Growing Demand over 2025

Persistence Market Research has announced the addition of the “Sapphire Glass Market: Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 - 2025" report to their offering. Posted via Industry Today. Follow us on Twitter @IndustryToday

OEM Insulation Market to Witness Steady Growth During the Forecast Period 2016 – 2026

Future Market Insights has announced the addition of the “OEM Insulation Market Global Industry Analysis and Opportunity Assessment, 2016 - 2026"report to their offering. Posted via Industry Today. Follow us on Twitter @IndustryToday

Fireproof Insulation Market Shares & Strategies Of Key Players 2025

Based on applications, the fireproof insulation market can be segmented into residential buildings and commercial buildings. Posted via Industry Today. Follow us on Twitter @IndustryToday
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