OverviewSuggest Edit

Corning is a company specialized in manufacturing and developing specialty glasses, ceramics, and optical physics. It operates through five segments: Display Technologies, Optical Communications, Environmental Technologies, Specialty Materials, and Life Sciences. The Company's products include damage-resistant cover glass for mobile devices, precision glass for advanced displays: optical fiber, wireless technologies, and connectivity solutions for state-of-the-art communications networks; trusted products to accelerate drug discovery and delivery; and clean-air technologies for cars and trucks.

TypePublic
Founded1851
HQCorning, US
Websitecorning.com

Latest Updates

Employees (est.) (Dec 20108)51,500(+12%)
Job Openings1,098
Revenue (FY, 2018)$11.3 B(+12%)
Share Price (Mar 2019)$34.4

Key People/Management at Corning

Wendell Weeks

Wendell Weeks

Chairman and Chief Executive Officer
Lawrence McRae

Lawrence McRae

Vice Chairman & Corporate Development Officer
James Clappin

James Clappin

Executive Vice President, Corning Glass Technologies
Martin Curran

Martin Curran

Executive Vice President & Corning Innovation Officer
Jeffrey Evenson

Jeffrey Evenson

Executive Vice President & Chief Strategy Officer
Clark Kinlin

Clark Kinlin

EVP
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Corning Office Locations

Corning has offices in Corning, New York, Dubai, Deeside and in 27 other locations
Corning, US (HQ)
1 Riverfront Plaza
New York, US
767 5th Ave
Clayton, AU
211 Wellington Rd
Lasne, BE
Lasne Business Park, B, Chaussée de Louvain 431
Rio de Janeiro, BR
Estr. de Camorim, 633 - Jacarepagua
São Paulo, BR
R. Dr. Renato Paes de Barros, 714 - Itaim Bibi
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Corning Financials and Metrics

Corning Revenue

Corning's revenue was reported to be $11.29 b in FY, 2018
USD

Revenue (FY, 2018)

11.3b

Gross profit (FY, 2018)

4.5b

Gross profit margin (FY, 2018), %

39.5%

EBIT (FY, 2018)

1.6b

Market capitalization (18-Mar-2019)

27.0b

Closing stock price (18-Mar-2019)

34.4

Cash (31-Dec-2018)

2.4b

EV

30.7b
Corning's current market capitalization is $27 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

7.8b9.7b9.1b9.4b10.1b11.3b

Revenue growth, %

24%(6%)3%8%

Cost of goods sold

4.5b5.7b5.5b5.6b6.1b6.8b

Gross profit

3.3b4.1b3.7b3.7b4.0b4.5b
Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q2, 2018Q3, 2018

Revenue

2.3b2.3b2.0b2.4b2.5b2.4b2.5b2.6b5.2b3.0b

Cost of goods sold

1.4b1.4b1.3b1.4b1.5b1.4b1.5b1.6b3.2b1.8b

Gross profit

975.0m892.0m764.0m951.0m1.0b957.0m985.0m1.1b2.0b1.2b

Gross profit Margin, %

42%39%37%40%42%40%39%41%39%41%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

4.7b5.3b4.5b5.3b4.3b2.4b

Accounts Receivable

1.5b1.8b

Inventories

1.3b1.3b1.4b1.5b1.7b

Current Assets

8.9b10.2b8.3b9.0b8.8b7.0b
Quarterly
USDQ1, 2014Q2, 2014Q3, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

5.0b5.1b5.4b5.0b4.4b3.5b7.1b4.8b4.8b4.2b3.9b3.1b2.0b1.9b

Inventories

1.4b1.4b1.3b

Current Assets

9.6b9.9b10.0b9.9b9.3b7.2b10.7b8.5b8.7b8.4b8.3b7.7b6.5b6.6b

Total Assets

29.5b29.8b29.8b29.9b28.9b27.9b30.7b28.8b28.3b27.8b28.1b26.8b26.1b26.4b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

2.0b2.5b1.3b3.7b(497.0m)1.1b

Depreciation and Amortization

1.2b1.2b1.2b1.2b

Inventories

(247.0m)2.0m(77.0m)(68.0m)(170.0m)(346.0m)

Accounts Payable

(23.0m)(3.0m)(126.0m)259.0m169.0m358.0m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

1.5b301.0m470.0m1.5b407.0m903.0m1.1b(368.0m)1.8b2.1b86.0m525.0m915.0m(589.0m)149.0m774.0m

Depreciation and Amortization

730.0m289.0m583.0m877.0m279.0m562.0m842.0m281.0m561.0m844.0m260.0m523.0m799.0m304.0m604.0m895.0m

Inventories

(238.0m)(3.0m)13.0m27.0m(1.0m)(54.0m)(60.0m)(42.0m)(66.0m)(69.0m)(49.0m)(110.0m)(166.0m)(98.0m)(193.0m)(235.0m)

Accounts Payable

(278.0m)(413.0m)(384.0m)(339.0m)(314.0m)(191.0m)(294.0m)(293.0m)(115.0m)14.0m(230.0m)(317.0m)(123.0m)(162.0m)(146.0m)94.0m
USDY, 2018

EV/EBIT

19.5 x

EV/CFO

10.5 x

EV/FCF

45.3 x

Financial Leverage

2 x
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Corning Operating Metrics

FY, 2014FY, 2015FY, 2016

Patent Applications

7 k9.17 k10.50 k

Patents (Foreign)

4.70 k4.50 k5.82 k

Patents (US)

3.30 k3.25 k5.82 k
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Corning Revenue Breakdown

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Corning revenue breakdown by business segment: 8.7% from Life Sciences, 13.9% from Specialty Materials, 10.9% from Environmental Technologies, 35.0% from Optical Communications, 29.6% from Display Technologies and 1.8% from Other

Corning revenue breakdown by geographic segment: 11.1% from Europe, 34.2% from North America, 51.4% from Asia Pacific and 3.3% from Other

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Corning Online and Social Media Presence

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Corning News and Updates

Apple iPhone supplier Corning is developing flexible glass for foldable phones

One of the biggest challenges of foldable phones is screen durability. Samsung's Galaxy Fold and Huawei's Mate X look crazy futuristic, but they have plastic screens that aren't as scratch-resistant as the glass displays on regular phones.  That's no good and will be a big step backwards for durab…

Corning is making flexible glass to replace plastic in folding phones

After years of work to develop glass that can fold tight and resist drops, Corning believes that it's two years away from commercially available solutions.

Huge Growth on Corrective Lenses Market 2019: By Key Vendors like Cooper, Johnson & Johnson, Valeant Pharmaceuticals, Novartis, Corning, Bausch, Zeiss, and Verilog

A corrective lens is a lens typically worn in front of the eye to improve vision. The most common use is to treat refractive errors: myopia, hypermetropia, astigmatism, and presbyopia. Glasses or "spectacles" are worn on the face a short distance in front of the eye. Posted via Industry Today. Follo…

Market Expansion Services (Mes) 2019 Global Market Key Players - Brainmates, Yeon Group, DKSH Management/DKSH Holding, Dow Corning, Nuno ID, Inslo, Avaali Solutions......

Market Expansion Services (Mes) – Global Market Growth, Opportunities, Analysis Of Top Key Players And Forecast To 2023 Posted via Industry Today. Follow us on Twitter @IndustryToday

DSCC Annual International SID Business Conference Features Influential Keynote Sessions by Intel, LG Display, Corning, Applied Materials and Universal Display

CAMPBELL, Calif. and AUSTIN, Texas, Feb. 13, 2019 /PRNewswire/ -- Display Supply Chain Consultants (DSCC) is pleased to announce the keynote lineup for the annual Society for Information Display Week 2019 Business Conference. Organized by DSCC for the third consecutive year, the DSCC...

Topical Excipients Market to Witness Huge Growth by 2025 | Leading Key Players- Gattefosse, Dow Corning, Azelis

Stay up-to-date with Topical Excipients Market offered by HTF MI. Check how key trends and emerging drivers are shaping this industry growth. Posted via Industry Today. Follow us on Twitter @IndustryToday
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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 Weeks, Lawrence McRae and James Clappin.

  • How many employees does Corning have?

    Corning has 51,500 employees.

  • What is Corning revenue?

    Latest Corning annual revenue is $11.3 b.

  • What is Corning revenue per employee?

    Latest Corning revenue per employee is $219.2 k.

  • Who are Corning competitors?

    Competitors of Corning include Eizo, AGC and GAF.

  • Where is Corning headquarters?

    Corning headquarters is located at 1 Riverfront Plaza, Corning.

  • Where are Corning offices?

    Corning has offices in Corning, New York, Dubai, Deeside and in 27 other locations.

  • How many offices does Corning have?

    Corning has 31 offices.