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Corning is a company providing specialty glasses, ceramics, and optical physics products. It operates in 5 segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. The Display Technologies segment manufactures glass substrates for liquid crystal displays (LCDs) that are used primarily in LCD televisions, notebook computers, and flat panel desktop monitors. The Optical Communications segment provides optical fiber, cable, and connectivity solutions. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile applications. The Specialty Materials segment manufactures products that provide formulations for glass, glass ceramics, and fluoride crystals. The Life Sciences segment offers consumables, such as plastic vessels, specialty surfaces, cell culture media, and serum, as well as general labware and equipment.
TypePublic
Founded1851
HQCorning, US
Websitecorning.com
Employee Ratings3.8
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2019)49,500(-3%)
Job Openings474
Revenue (FY, 2019)$11.5 B(+2%)
Share Price (Nov 2020)$37.5 (+4%)
Cybersecurity ratingAMore

Key People/Management at Corning

Wendell P. Weeks

Wendell P. Weeks

Chairman & Chief Executive Officer
Eric S. Musser

Eric S. Musser

President & Chief Operating Officer
Jeffrey Evenson

Jeffrey Evenson

Executive Vice President & Chief Strategy Officer
Stefan Becker

Stefan Becker

Senior Vice President & Operations Controller
Martin J. Curran

Martin J. Curran

Executive Vice President & Corning Innovation Officer
Robert P. France

Robert P. France

Senior Vice President, Human Resources
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Corning Office Locations

Corning has offices in Corning, Big Flats, Canton, Charlotte and in 83 other locations
Corning, US (HQ)
1 Riverfront Plaza
Big Flats, US
271 County Rd 64
Canton, US
334 Co Rd 16
Charlotte, US
4200 Corning Pl
Christiansburg, US
3050 N Franklin St
Corning, US
1 W Market St
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Corning Financials and Metrics

Corning Revenue

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Corning's revenue was reported to be $11.50 b in FY, 2019 which is a 1.9% increase from the previous period.
USD

Revenue (Q3, 2020)

3.0b

Gross profit (Q3, 2020)

1.0b

Gross profit margin (Q3, 2020), %

33.4%

Net income (Q3, 2020)

427.0m

EBIT (Q3, 2020)

257.0m

Market capitalization (24-Nov-2020)

28.7b

Closing stock price (24-Nov-2020)

37.5

Cash (30-Sept-2020)

2.5b

EV

26.4b
Corning's current market capitalization is $28.7 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

10.1b11.3b11.5b

Revenue growth, %

8%12%2%

Cost of goods sold

6.1b6.8b7.5b

Gross profit

4.0b4.5b4.0b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

2.5b2.7b3.0b2.8b2.9b2.9b2.4b2.6b3.0b

Cost of goods sold

1.5b1.7b1.8b1.7b1.9b1.9b1.8b1.8b2.0b

Gross profit

955.0m1.1b1.2b1.1b1.1b1.0b561.0m756.0m1.0b

Gross profit Margin, %

38%39%41%39%36%35%23%30%33%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

4.3b2.4b2.4b

Accounts Receivable

1.8b1.9b1.8b

Inventories

1.7b2.0b2.3b

Current Assets

8.8b7.0b7.5b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

3.1b2.0b1.9b1.5b1.2b971.0m2.0b2.2b2.5b

Accounts Receivable

1.7b1.8b2.0b2.0b2.1b2.0b1.7b1.7b2.1b

Inventories

1.8b1.9b1.9b2.2b2.3b2.3b2.3b2.2b2.6b

Current Assets

7.7b6.5b6.6b6.3b6.3b6.2b6.9b6.8b8.1b
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

(497.0m)1.1b960.0m

Depreciation and Amortization

1.2b1.3b1.5b

Inventories

(170.0m)(346.0m)(298.0m)

Accounts Payable

169.0m358.0m36.0m
USDFY, 2017

EV/EBIT

17.5 x

EV/CFO

14.2 x

EV/FCF

142.2 x

Revenue/Employee

219.0k

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.7 x

P/E Ratio

(48.2)
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Corning Operating Metrics

FY, 2017FY, 2018FY, 2019

Manufacturing Facilities

105 108 116

Manufacturing Space, sq. ft.

32.60 m35.50 m38.10 m

Patents Issued

10.90 k11.60 k12.50 k

Patents (US)

4.56 k4.40 k4.60 k
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Corning Acquisitions / Subsidiaries

Company NameDateDeal Size
3M CommunicationDecember 11, 2017$900 m
SpiderCloud WirelessJuly 19, 2017
STRAN TechnologiesDecember 20, 2016
Alliance Fiber Optic Products, Inc.April 07, 2016$305 m
Gerresheimer AGNovember 02, 2015€196 m
iBwave Solutions Inc.May 31, 2015$2.50 b
Discovery Labware, Inc.April 10, 2012$730 m
MobileAccess NetworksJanuary 31, 2011$200 m
Axygen BioScience, Inc.September 17, 2009
Photonics Technology Research CenterNovember 14, 2000
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Corning Revenue Breakdown

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Corning revenue breakdown by business segment: 8.7% from Life Sciences, 13.7% from Specialty Materials, 12.9% from Environmental Technologies, 34.9% from Optical Communications, 27.9% from Display Technologies and 2.0% from Other

Corning revenue breakdown by geographic segment: 11.3% from Europe, 35.1% from North America, 50.4% from Asia Pacific and 3.2% from Other

Human Capital Metrics

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Corning Cybersecurity Score

Cybersecurity ratingPremium dataset

A

91/100

SecurityScorecard logo

Corning Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Corning Online and Social Media Presence

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Corning Company Culture

  • Overall Culture

    C+

    65/100

  • CEO Rating

    D

    58/100

  • Compensation

    A-

    75/100

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Corning News and Updates

3D Cell Culture Industry in Europe to 2025 - Featuring Corning, Lonza Group and Reprocell Among Others

Dublin, Nov. 19, 2020 (GLOBE NEWSWIRE) -- The "Europe 3D Cell Culture Market By Product (Scaffold-Based 3D Cell Cultures, Scaffold-Free 3D Cell Cultures, Microfluidics, Magnetic Levitation), By End User (Pharmaceutical & Biotechnology Companies, Others), By Application, By Country, Competition…

Global Liquid Silicone Rubber Suppliers Leadership and Benchmarking Report 2020: Dow Corning, Momentive Performance Materials, Wacker, NuSil, Simtec, Shin-Etsu, KCC, and Zhejiang Xinan Chemical

Dublin, Nov. 12, 2020 (GLOBE NEWSWIRE) -- The "Leadership Quadrant and Strategic Positioning of Liquid Silicone Rubber Suppliers" report has been added to ResearchAndMarkets.com's offering. Liquid silicone rubber is used for a variety of markets, such as electrical and electronics, consumer good…

Fiber to the Home 2020 Global Market Key Players – Corning, Furukawa Electric, Fiberhome, Futong - Analysis and Forecast to 2026

Wiseguyreports.Com Publish New Market Research Report On-“Fiber to the Home Market 2020 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2026” Posted via Industry Today. Follow us on Twitter @IndustryToday

Corning Reports Third-Quarter 2020 Results

Sales grew mid-teens sequentially, margins expanded significantly, and free cash flow exceeded $500 million; Innovation adoption and strong execution drove performance across company Sales grew mid-teens sequentially, margins expanded significantly, and free cash flow exceeded $500 million; Innovati…

Global Multimode Optical Fiber Market Outlook to 2027 - Featuring Alcatel-Lucent, Corning & Fasten Fiber Optics Among Others

Dublin, Sept. 22, 2020 (GLOBE NEWSWIRE) -- The "Multimode Optical Fiber - Global Market Outlook (2019 -2027)" report has been added to ResearchAndMarkets.com's offering. The Global Multimode Optical Fiber market is growing at a CAGR of 17.5% during the 2019 to 2027. Some of the key factors prope…

Corning Incorporated (GLW) market price of $32.64 offers the impression of an exciting value play

For the readers interested in the stock health of Corning Incorporated (GLW). It is currently valued at $32.64. When the transactions were called off in the previous session, Stock hit the highs of $33.245, after setting-off with the price of $32.95. Company’s stock value dipped to $32.56 during the…
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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 P. Weeks, Eric S. Musser and Jeffrey Evenson.

  • How many employees does Corning have?

    Corning has 49,500 employees.

  • What is Corning revenue?

    Latest Corning annual revenue is $11.5 b.

  • What is Corning revenue per employee?

    Latest Corning revenue per employee is $232.4 k.

  • Who are Corning competitors?

    Competitors of Corning include Guardian Glass, AGC and Thermo Fisher Scientific.

  • Where is Corning headquarters?

    Corning headquarters is located at 1 Riverfront Plaza, Corning.

  • Where are Corning offices?

    Corning has offices in Corning, Big Flats, Canton, Charlotte and in 83 other locations.

  • How many offices does Corning have?

    Corning has 101 offices.