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.

Type
Public
HQ
Corning, US
Founded
1851
Size (employees)
46,200 (est)+14%
Corning was founded in 1851 and is headquartered in Corning, US
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Key People/Management at Corning

Wendell Weeks

Wendell Weeks

Chairman and Chief Executive Officer
Clark Kinlin

Clark Kinlin

EVP
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
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Corning Office Locations

Corning has offices in Corning, Horseheads, Painted Post, Canton and in 4 other locations
Corning, US (HQ)
1 Riverfront Plaza
Big Flats, US
County Rd 64
Canton, US
334 Co Rd 16
Corning, US
1 W Market St
Corning, US
Houghton Cir
Fairport, US
60 O'Connor Rd
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Corning Financials and Metrics

Corning Financials

Corning's revenue was reported to be $9.39 b in FY, 2016 which is a 3.1% increase from the previous period.
USD

Revenue (Q3, 2017)

2.6 b

Gross profit (Q3, 2017)

1.1 b

Gross profit margin (Q3, 2017), %

40.5%

EBIT (Q3, 2017)

453 m

Market capitalization (15-Jun-2018)

24.2 b

Closing share price (15-Jun-2018)

29.1

Cash (31-Mar-2018)

3.1 b

EV

25.9 b
Corning's current market capitalization is $24.2 b.
Annual
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
Quarterly
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%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

4.7 b5.3 b4.5 b5.3 b4.3 b

Inventories

1.3 b1.3 b1.4 b1.5 b

Current Assets

8.9 b10.2 b8.3 b9 b8.8 b

Total Assets

28.5 b30.1 b28.5 b27.9 b27.5 b
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Cash

5 b4.4 b3.5 b7.1 b4.8 b4.8 b4.2 b3.9 b3.1 b

Current Assets

9.9 b9.3 b7.2 b10.7 b8.5 b8.7 b8.4 b8.3 b7.7 b

Total Assets

29.9 b28.9 b27.9 b30.7 b28.8 b28.3 b27.8 b28.1 b26.8 b

Accounts Payable

930 m909 m836 m938 m933 m1 b1.1 b1.2 b1.2 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

2 b2.5 b1.3 b3.7 b(497 m)

Depreciation and Amortization

64 m1.1 b

Inventories

(247 m)2 m(77 m)(68 m)(170 m)

Accounts Payable

(23 m)(3 m)(146 m)243 m169 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018

Net Income

1.5 b301 m470 m1.5 b407 m903 m1.1 b(368 m)1.8 b2.1 b86 m525 m915 m(589 m)

Depreciation and Amortization

730 m289 m583 m877 m279 m562 m842 m281 m561 m844 m260 m523 m799 m304 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)(98 m)

Accounts Payable

(278 m)(413 m)(384 m)(339 m)(314 m)(191 m)(294 m)(293 m)(115 m)14 m(230 m)(317 m)(123 m)(162 m)
USDY, 2018

EV/CFO

80.8 x

EV/FCF

-77.2 x

Financial Leverage

1.9 x
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Corning Operating Metrics

Corning's Patent Applications was reported to be 10.5 k in FY, 2016.
FY, 2014FY, 2015FY, 2016

Patent Applications

7 k9.17 k10.50 k

Patents (US)

3.30 k3.25 k5.82 k

Patents (foreign)

4.70 k4.50 k5.82 k
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Corning Revenue Breakdown

Embed Graph

Corning revenue breakdown by business segment: 9.0% from Life Sciences, 12.2% from Specialty Materials, 11.6% from Environmental Technologies, 32.7% from Optical Communications, 33.9% from Display Technologies and 0.7% from Other

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Corning Online and Social Media Presence

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Corning News and Updates

3D Glass Market Overview with +16% CAGR, Industry Top Manufactures, Market Size, Industry Growth Analysis & Forecast: 2023

3D Glass Market is expected to grow at a CAGR of +16% during the forecast period 2018-2023 Posted via Industry Today. Follow us on Twitter @IndustryToday

Photonics Imaging Technology Leading the Way in Bio-Imaging Industry

PALM BEACH, Florida, June 13, 2018 /PRNewswire/ -- MarketNewsUpdates.com News Commentary The global photonics market is becoming a technological and economic powerhouse, generating over $500 Billion in 2017 according to Stratistics MRC. It's also expected the market will...

Liquid Silicone Rubber 2018 Global Market Key Players – Ow Corning Acker Chemie, Omentive Performance Materials Inc, Hin-Etsu Chemical Co., Ltd – Analysis and Forecast to 2022

WiseGuyRerports.com Presents “Global Liquid Silicone Rubber Market Report 2018” New Document to its Studies Database Posted via Industry Today. Follow us on Twitter @IndustryToday

China’s ZTE will live, thanks to a deal with the US government

Chinese telecoms company ZTE will likely continue to exist, thanks to a deal brokered between it and the US government today. In April, the US…

Silicone Market to grow at a CAGR of 2.75% covering key players Dow Corning ,Wacker Chemie AG

HTF Market Research states that the world Silicone market held an opportunity worth US$8966 Million in 2016. The market is expected to expand at 2.75% CAGR over the period between 2016 and 2022. Posted via Industry Today. Follow us on Twitter @IndustryToday
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