Articles from Corning Incorporated

Corning Reports Strong Third-Quarter 2024 Financial Results(1) Highlighting Key Milestones in ‘Springboard’ Plan to Add More Than $3 Billion in Annualized Sales, and Achieve Operating Margin of 20%, by the End of 2026
Corning Incorporated (NYSE: GLW) today announced its third-quarter 2024 results and provided its outlook for fourth-quarter 2024.
By Corning Incorporated · Via Business Wire · October 29, 2024
AT&T and Corning Expand Collaboration with Multi-Year Purchase Agreement
AT&T (NYSE: T) today announced a multi-year purchase agreement with Corning Incorporated (NYSE: GLW) to provide next-generation fiber, cable, and connectivity solutions to support the expansion of AT&T’s fiber network and help bring high-speed internet to more Americans.
By Corning Incorporated · Via Business Wire · October 28, 2024
Corning Announces Quarterly Dividend
Corning Incorporated’s (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on December 13, 2024, to shareholders of record on November 15, 2024.
By Corning Incorporated · Via Business Wire · October 2, 2024
Corning Unveils EXTREME ULE® Glass to Enable Next Generation of Microchips
Corning Incorporated (NYSE: GLW), one of the world’s leading innovators in glass, ceramic, and materials science, today unveiled Corning® EXTREME ULE® Glass, a next-generation material that will support chip manufacturers in meeting the rapidly growing demand for advanced and intelligent technologies. The new material will help chipmakers improve photomasks – the stencils for chip design – which are critical for the mass production of today’s most advanced and cost-efficient microchips.
By Corning Incorporated · Via Business Wire · September 30, 2024
Corning Provides Update on Key Milestones in ‘Springboard’ Plan to Add More Than $3 Billion in Annualized Sales, and Shares Operating-Margin Target of 20% by End of 2026
Corning Incorporated (NYSE: GLW) will host a meeting today at its optical fiber facility in Concord, North Carolina, with investors and industry analysts to provide significant updates to its “Springboard” plan to add more than $3 billion in annualized sales with strong incremental profit and cash flow in the next three years.
By Corning Incorporated · Via Business Wire · September 19, 2024
Corning and Lumen Reach Supply Agreement on Next-Generation Fiber-Optic Cable to Support Data Center AI Demands
Lumen Technologies (NYSE: LUMN) today announced an agreement with Corning Incorporated (NYSE: GLW) for a substantial supply of next-generation optical cable. This fiber-dense cable will more than double Lumen’s U.S. intercity fiber miles, offering significant capacity to major cloud data centers racing to stay ahead of AI workloads and high bandwidth applications fueled by massive amounts of data.
By Corning Incorporated · Via Business Wire · August 1, 2024
Corning Reports Strong Second-Quarter 2024 Financial Results, Exceeding April Guidance and Marking Return to Year-over-Year Sales Growth
Corning Incorporated (NYSE: GLW) today announced its second-quarter 2024 results and provided its outlook for third-quarter 2024.
By Corning Incorporated · Via Business Wire · July 30, 2024
Corning Expects Second-Quarter Core Sales to Exceed Guidance, with Core EPS at the High End of or Slightly Above Guided Range
Corning Incorporated (NYSE: GLW) today provided an update on expectations for its second-quarter 2024 results. The company now expects core sales of approximately $3.6 billion, compared with previous guidance of approximately $3.4 billion, with core EPS at the high end of or slightly above management’s guided range of $0.42 to $0.46.
By Corning Incorporated · Via Business Wire · July 8, 2024
Corning Announces Quarterly Dividend
Corning Incorporated’s (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on September 27, 2024, to shareholders of record on August 30, 2024.
By Corning Incorporated · Via Business Wire · June 26, 2024
Corning to Participate in J.P. Morgan 52nd Global Technology, Media and Communications Conference
Corning Incorporated (NYSE: GLW) today announced that Wendell P. Weeks, chairman and chief executive officer, will participate in a fireside chat at the J.P. Morgan 52nd Global Technology, Media and Communications Conference in Boston today.
By Corning Incorporated · Via Business Wire · May 21, 2024
Corning Announces Quarterly Dividend
Corning Incorporated’s (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on June 27, 2024, to shareholders of record on May 31, 2024.
By Corning Incorporated · Via Business Wire · May 2, 2024
Corning Reports First-Quarter 2024 Financial Results
Corning Incorporated (NYSE: GLW) today announced its first-quarter 2024 results and provided its outlook for second-quarter 2024.
By Corning Incorporated · Via Business Wire · April 30, 2024
Corning Announces Quarterly Dividend
CORNING, NY, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Corning Incorporated’s (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on March 28, 2024, to shareholders of record on Feb. 29, 2024.
By Corning Incorporated · Via GlobeNewswire · February 7, 2024
Corning Reports Fourth-Quarter and Full-Year 2023 Financial Results
Fourth-quarter results demonstrate continued progress restoring productivity ratios to historical levels and raising price to offset inflation; Despite lower sales, fourth-quarter GAAP and core gross margin each improved by more than 300 basis points year over year and cash generation significantly improved; Company has an opportunity to add more than $3 billion in annualized sales and deliver strong incremental profit and cash flow as markets normalize; Management expects first-quarter core sales of approximately $3.1 billion and core EPS in the range of $0.32 to $0.38 and anticipates the first quarter to be the low quarter of the year
By Corning Incorporated · Via GlobeNewswire · January 30, 2024
Samsung Galaxy S24 Ultra Creates New Standards of Durability and Visual Clarity with Corning® Gorilla® Armor
Corning® Gorilla® Armor is the most scratch resistant, optically advanced Gorilla® Glass yet, enabling unprecedented durability and a maximized visual experience on Samsung’s latest flagship smartphone
By Corning Incorporated · Via GlobeNewswire · January 17, 2024
Corning Reports Third-Quarter 2023 Financial Results with Continued Improvement in Profitability and Cash Flow
Gross margin percentage expanded sequentially on consistent sales and year over year on lower sales; Operating and free cash flow both grew sequentially and year over year; Profitability and free cash flow sequential increases were driven by pricing actions, primarily in Display Technologies, and companywide productivity gains; For the fourth quarter, management expects similar core gross margin and another quarter of strong free cash flow – despite sequentially lower core sales of $3.25 billion
By Corning Incorporated · Via GlobeNewswire · October 24, 2023
Corning Vice Chairman Lawrence D. McRae to Retire After 38 Years with the Company
Corning, N.Y., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today announced that its vice chairman and corporate development officer, Lawrence D. McRae, who has been with the company for nearly four decades, will retire at the end of the year. McRae will continue in his current role and remain on Corning’s Senior Leadership Team until his retirement.
By Corning Incorporated · Via GlobeNewswire · October 5, 2023
Corning Announces Quarterly Dividend
CORNING, N.Y., Oct. 04, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated’s (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on Dec. 15, 2023, to shareholders of record on Nov. 17, 2023.
By Corning Incorporated · Via GlobeNewswire · October 4, 2023
Corning Reports Second-Quarter 2023 Financial Results with Notable Progress on Profitability and Cash Flow
Sales increased sequentially and decreased year over year, in line with management expectations for the current weak end-market environment; Sequential margin expansion and $310 million of free cash flow reflect progress on pricing and productivity actions, with continued improvement expected in the second half; In the third quarter, management expects core sales of approximately $3.5 billion and core EPS to be about the same or slightly better than in the second quarter
By Corning Incorporated · Via GlobeNewswire · July 25, 2023
Corning’s New Viridian™ Vials Reduce Waste and Carbon Emissions in the Pharmaceutical Supply Chain
The vial technology will help drug manufacturers meet their sustainability goals while enabling faster, safer filling-line operations
By Corning Incorporated · Via GlobeNewswire · July 13, 2023
Corning Announces Quarterly Dividend
CORNING, N.Y., June 21, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated’s (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on Sept. 28, 2023, to shareholders of record on Aug. 31, 2023.
By Corning Incorporated · Via GlobeNewswire · June 21, 2023
Corning Appoints Thomas D. French to Its Board of Directors
CORNING, N.Y., June 20, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated’s (NYSE: GLW) Board of Directors today announced that Thomas D. French, former senior partner and current senior partner emeritus with McKinsey & Company, has been appointed to Corning’s Board of Directors, effective June 20, 2023.
By Corning Incorporated · Via GlobeNewswire · June 20, 2023
Corning and SGD Pharma announce joint venture to open new glass tubing facility and expand access to Corning® Velocity® Vial technology in India
The collaboration will enable faster, more efficient delivery of vital medicines and help support India’s growing pharmaceutical industry
By Corning Incorporated · Via GlobeNewswire · June 8, 2023
Corning Announces Price Increase for Display Glass Products
Corning, N.Y., May 23, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) is announcing a 20% increase to its display glass substrate prices. The global price increase will impact all regions, compositions, and glass Gen sizes beginning in the third quarter of 2023.
By Corning Incorporated · Via GlobeNewswire · May 23, 2023
Corning Announces Quarterly Dividend
CORNING, N.Y., April 27, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated’s (NYSE: GLW) Board of Directors today declared a quarterly dividend of $0.28 per share. The dividend will be payable on June 29, 2023, to shareholders of record on May 31, 2023.
By Corning Incorporated · Via GlobeNewswire · April 27, 2023