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.

Company Growth (employees)
Type
Public
HQ
Corning, US
Founded
1851
Size (employees)
40,700 (est)
Corning was founded in 1851 and is headquartered in Corning, US

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
Jeffrey Evenson

Jeffrey Evenson

Senior Vice President & Chief Strategy Officer
David Morse

David Morse

Executive Vice President & Chief Technology Officer
Christine Pambianchi

Christine Pambianchi

Senior Vice President, Human Resources
Lawrence McRae

Lawrence McRae

Vice Chairman & Corporate Development Officer
Lewis Steverson

Lewis Steverson

Senior Vice President & General Counsel, Corning Incorporated Law Department
Martin Curran

Martin Curran

Executive Vice President & Corning Innovation Officer

Corning Office Locations

Corning has offices in Corning, Horseheads, Painted Post, Canton and in 4 other locations
Corning, US (HQ)
1 Riverfront Plaza
Canton, US
334 Co Rd 16
Corning, US
1 W Market St
Horseheads, US
348 Sing Sing Rd
Painted Post, US
890 Addison Rd
Painted Post, US
103 Canada Rd
Show all (15)

Corning Financials and Metrics

Corning Financials

Corning's revenue was reported to be $9.4 b in FY, 2016
USD

Revenue (Q3, 2017)

2.6 b

Gross profit (Q3, 2017)

1.1 b

Gross profit margin (Q3, 2017), %

41%

EBIT (Q3, 2017)

453 m

Market capitalization (22-Dec-2017)

32.4 b

Cash (30-Sep-2017)

3.9 b

EV

32.5 b
Corning's current market capitalization is $32.4 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
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%
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
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
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)
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

Accounts Receivable

(139 m)21 m(11 m)(63 m)35 m(25 m)52 m21 m(103 m)(184 m)(54 m)(98 m)(190 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)
USDY, 2017

EV/EBIT

71.8 x

EV/CFO

29.1 x

EV/FCF

-248.2 x

Revenue/Employee

64.1 k

Financial Leverage

1.6 x
Show all financial metrics

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
Show all operating metrics

Corning Market Value History

Corning Revenue Breakdown

Corning Median Salaries

Source: 24 public H-1B filings from Corning

Corning's Web-traffic and Trends

Corning Online and Social Media Presence

Corning News and Updates

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