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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, NY, US
Websitecorning.com
Employee Ratings3.9
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2020)50,110(+2%)
Job Openings1,034
Revenue (FY, 2020)$11.3 B(-1%)
Share Price (May 2021)$46(+3%)
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, NY, US (HQ)
1 Riverfront Plaza
Big Flats, NY, US
271 County Rd 64
Canton, NY, US
334 Co Rd 16
Charlotte, NC, US
4200 Corning Pl
Christiansburg, VA, US
3050 N Franklin St
Corning, NY, 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 $11.3 b in FY, 2020
USD

Revenue (Q1, 2021)

3.3b

Gross profit (Q1, 2021)

1.2b

Gross profit margin (Q1, 2021), %

35.1%

Net income (Q1, 2021)

599.0m

EBIT (Q1, 2021)

502.0m

Market capitalization (7-May-2021)

39.2b

Closing stock price (7-May-2021)

46.0

Cash (31-Mar-2021)

2.9b

EV

44.1b
Corning's current market capitalization is $39.2 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

10.1b11.3b11.5b11.3b

Revenue growth, %

8%12%2%

Cost of goods sold

6.1b6.8b7.5b7.8b

Gross profit

4.0b4.5b4.0b3.5b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

2.5b2.7b3.0b2.8b2.9b2.9b2.4b2.6b3.0b3.3b

Cost of goods sold

1.5b1.7b1.8b1.7b1.9b1.9b1.8b1.8b2.0b2.1b

Gross profit

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

Gross profit Margin, %

38%39%41%39%36%35%23%30%33%35%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

4.3b2.4b2.4b2.7b

Accounts Receivable

1.8b1.9b1.8b2.1b

Inventories

1.7b2.0b2.3b2.4b

Current Assets

8.8b7.0b7.5b8.0b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

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

Accounts Receivable

1.7b1.8b2.0b2.0b2.1b2.0b1.7b1.7b2.1b1.9b

Inventories

1.8b1.9b1.9b2.2b2.3b2.3b2.3b2.2b2.6b2.4b

Current Assets

7.7b6.5b6.6b6.3b6.3b6.2b6.9b6.8b8.1b8.1b
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(497.0m)1.1b960.0m512.0m

Depreciation and Amortization

1.2b1.3b1.5b1.5b

Inventories

(170.0m)(346.0m)(298.0m)423.0m

Accounts Payable

169.0m358.0m36.0m57.0m
USDFY, 2017

Revenue/Employee

219.0k

Debt/Equity

0.3 x

Debt/Assets

0.2 x

Financial Leverage

1.7 x
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Corning Operating Metrics

FY, 2017FY, 2018FY, 2019

Manufacturing Facilities

105108116

Manufacturing Space, sq. ft.

32.6 m35.5 m38.1 m

Patents Issued

10.9 k11.6 k12.5 k

Patents (US)

4.56 k4.4 k4.6 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$2.5 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

93/100

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

Worldwide Silicones and Siloxanes Industry to 2026 - Featuring Dow Corning, Wacker Chemie and Momentive Among Others

Dublin, April 23, 2021 (GLOBE NEWSWIRE) -- The "Silicones and Siloxanes Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering. In 2020, the global silicones and siloxanes market reached a value of US$ 15.…

Thinking about trading options or stock in Coca-Cola, First Solar, Corning, Johnson & Johnson, or General Electric?

NEW YORK, April 19, 2021 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for KO, FSLR, GLW, JNJ, and GE. Click a link below then choose between in-depth options trade idea report or a stock score report. Options Report – Ideal trade ideas on up to seven different...

Corning Named 2021 ENERGY STAR® Partner of the Year

Energy management program recognized for eighth consecutive year Energy management program recognized for eighth consecutive year

Corning stock gains after Samsung Display agrees to maintain ownership stake until 2028

Shares of Corning Inc. are up 2.1% in premarket trading Monday after the company announced an extension of its investment relationship with Samsung Display Co. Ltd., which has been a Corning investor since 2014. Samsung Display received preferred shares of Corning in 2014 that were to be convertibl…

Corning and Samsung Display Extend Long-Term Investment Relationship

Samsung Display will remain a significant shareholder of Corning until at least 2028; Corning will repurchase 35 million common shares from Samsung Display in a transaction that will be immediately accretive to Corning’s EPS; Samsung Display will own 80 million common shares, equivalent to an owners…

Corning Announces Expansion of Contract with U.S. Departments of Defense, Health & Human Services

Company to receive an additional $57 million in funding to address growing demand for domestic glass tubing and vial manufacturing capacity as part of the U.S. COVID-19 response to accelerate vaccinations Company to receive an additional $57 million in funding to address growing demand for domestic …
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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 50,110 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 $225.6 k.

  • Who are Corning competitors?

    Competitors of Corning include ZEISS, Guardian Glass and AGC.

  • 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.