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XNYSGLW
Market cap41bUSD
Dec 24, Last price  
47.90USD
1D
0.84%
1Q
7.23%
Jan 2017
97.36%
Name

Corning Inc

Chart & Performance

D1W1MN
XNYS:GLW chart
P/E
70.59
P/S
3.26
EPS
0.68
Div Yield, %
2.41%
Shrs. gr., 5y
-1.81%
Rev. gr., 5y
2.20%
Revenues
12.59b
-11.28%
3,854,000,0004,579,000,0005,174,000,0005,860,000,0005,948,000,0005,395,000,0006,632,000,0007,890,000,0008,012,000,0007,819,000,0009,715,000,0009,111,000,0009,390,000,00010,116,000,00011,290,000,00011,503,000,00011,303,000,00014,082,000,00014,189,000,00012,588,000,000
Net income
581m
-55.85%
-2,165,000,000585,000,0001,855,000,0002,150,000,0005,257,000,0002,008,000,0003,558,000,0002,817,000,0001,636,000,0001,961,000,0002,472,000,0001,339,000,0003,695,000,000-497,000,0001,066,000,000960,000,000512,000,0001,906,000,0001,316,000,000581,000,000
CFO
2.01b
-23.33%
1,009,000,0001,939,000,0001,803,000,0002,077,000,0002,128,000,0002,077,000,0003,835,000,0003,189,000,0003,206,000,0002,787,000,0004,709,000,0002,809,000,0002,500,000,0002,004,000,0002,919,000,0002,031,000,0002,180,000,0003,412,000,0002,615,000,0002,005,000,000
Dividend
Nov 15, 20240.28 USD/sh
Earnings
Jan 28, 2025

Profile

Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment offers glass substrates for liquid crystal displays and organic light-emitting diodes used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories. This segment also offers its products to businesses, governments, and individuals. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, crystals, precision metrology instruments, software; as well as ultra-thin and ultra-flat glass wafers, substrates, tinted sunglasses, and radiation shielding products. This segment serves various industries, including mobile consumer electronics, semiconductor equipment optics and consumables; aerospace and defense optics; radiation shielding products, sunglasses, and telecommunications components. The company's Environmental Technologies segment offers ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.
URL
https://www.corning.com/
IPO date
May 21, 1945
Employees
57,500
Domiciled in
US
Incorporated in
US

Valuation

Title
USD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFYFY
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑122014‑12
Income
Revenues
12,588,000
-11.28%
14,189,000
0.76%
14,082,000
24.59%
Cost of revenue
9,733,000
10,730,000
10,014,000
Unusual Expense (Income)
NOPBT
2,855,000
3,459,000
4,068,000
NOPBT Margin
22.68%
24.38%
28.89%
Operating Taxes
168,000
411,000
491,000
Tax Rate
5.88%
11.88%
12.07%
NOPAT
2,687,000
3,048,000
3,577,000
Net income
581,000
-55.85%
1,316,000
-30.95%
1,906,000
272.27%
Dividends
(989,000)
(932,000)
(871,000)
Dividend yield
3.78%
3.40%
2.77%
Proceeds from repurchase of equity
(507,000)
(688,000)
(662,000)
BB yield
1.94%
2.51%
2.11%
Debt
Debt current
432,000
335,000
55,000
Long-term debt
9,010,000
8,388,000
7,957,000
Deferred revenue
679,000
1,862,000
1,836,000
Other long-term liabilities
3,364,000
2,462,000
3,710,000
Net debt
7,249,000
6,692,000
5,546,000
Cash flow
Cash from operating activities
2,005,000
2,615,000
3,412,000
CAPEX
(1,390,000)
(1,604,000)
(1,637,000)
Cash from investing activities
(1,000,000)
(1,355,000)
(1,419,000)
Cash from financing activities
(883,000)
(1,649,000)
(2,452,000)
FCF
2,260,000
2,911,000
4,502,000
Balance
Cash
1,779,000
1,671,000
2,148,000
Long term investments
414,000
360,000
318,000
Excess cash
1,563,600
1,321,550
1,761,900
Stockholders' equity
15,576,000
16,125,000
16,333,000
Invested Capital
22,831,400
22,967,450
23,177,100
ROIC
11.73%
13.21%
15.12%
ROCE
11.60%
14.10%
16.14%
EV
Common stock shares outstanding
859,000
857,000
844,000
Price
30.45
-4.66%
31.94
-14.21%
37.23
3.42%
Market cap
26,156,550
-4.44%
27,372,580
-12.89%
31,422,120
13.06%
EV
33,722,550
34,331,580
37,180,120
EBITDA
4,224,000
4,911,000
5,549,000
EV/EBITDA
7.98
6.99
6.70
Interest
329,000
292,000
300,000
Interest/NOPBT
11.52%
8.44%
7.37%