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
New York, US
General Motors Building 767 5th Ave
Oneonta, US
275 River St
Painted Post, US
103 Canada Rd
Canton, US
334 Co Rd 16
Painted Post, US
890 Addison Rd
Corning, US
1 W Market St
Horseheads, US
348 Sing Sing Rd

Corning Data and Metrics

Corning Financial Metrics

Corning's revenue was reported to be $9.4 b in FY, 2016 which is a 3% increase from the previous period.
Numbers are in $, USD

Revenue (FY, 2016)

9.4 b

Revenue growth (FY, 2015 - FY, 2016), %

3%

Gross profit (FY, 2016)

3.7 b

Gross profit margin (FY, 2016), %

40%

Net income (FY, 2016)

3.7 b

EBIT (FY, 2016)

1.4 b

Market capitalization (26-May-2017)

27 b

Closing share price (26-May-2017)

29.4

Cash (31-Dec-2016)

5.3 b

EV

25.6 b
Corning's current market capitalization is $27 b.
Numbers are in $, 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%

EBIT

1.4 b1.9 b1.3 b1.4 b

EBIT margin, %

18%20%15%15%

Interest income

8 m26 m21 m32 m

Pre tax profit

2.5 b3.6 b1.5 b3.7 b

Net Income

2 b2.5 b1.3 b3.7 b
Numbers are in $, 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

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
Numbers are in $, USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

2 b2.5 b1.3 b3.7 b

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 b3.7 b
Numbers are in $, USDY, 2016

EV/EBIT

18.4 x

EV/CFO

10.1 x

EV/FCF

7 x

Revenue/Employee

230.7 k

Debt/Equity

0.2 x

Debt/Assets

0.1 x

Financial Leverage

1.6 x

Corning Operating Metrics

FY, 2016

Patents (US)

2.96 k

Patents (foreign)

4.56 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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