Articles from Corning Incorporated

Corning Incorporated (NYSEGLW) today announced its fourth-quarter and full-year 2024 results and provided its outlook for first-quarter 2025.

Corning Incorporated (NYSEGLW) and Samsung Electronics Co., Ltd. today announced that the Galaxy S25 Ultra will feature Corning® Gorilla® Armor 2, the industry’s first scratch-resistant, anti-reflective glass ceramic cover material for mobile devices. Samsung’s Galaxy S25 Ultra devices showcase this revolutionary innovation on their front displays, marking an impressive milestone in mobile display technology.

Corning Incorporated (NYSEGLW) today announced its third-quarter 2024 results and provided its outlook for fourth-quarter 2024.

AT&T (NYSET) today announced a multi-year purchase agreement with Corning Incorporated NYSE: GLWNYSEGLW)

Corning Incorporated’s (NYSEGLW) 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.

Corning Incorporated (NYSEGLW), 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.

Corning Incorporated (NYSEGLW) 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.

Lumen Technologies (NYSELUMN) today announced an agreement with Corning Incorporated NYSE: GLWNYSEGLW)

Corning Incorporated (NYSEGLW) today announced its second-quarter 2024 results and provided its outlook for third-quarter 2024.

Corning Incorporated (NYSEGLW) 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.

Corning Incorporated’s (NYSEGLW) 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.

Corning Incorporated (NYSEGLW) 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.

Corning Incorporated’s (NYSEGLW) 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.

Corning Incorporated (NYSEGLW) today announced its first-quarter 2024 results and provided its outlook for second-quarter 2024.

CORNING, NY, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Corning Incorporated’s (NYSEGLW) 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.

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

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

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

Corning, N.Y., Oct. 05, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSEGLW) 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.

CORNING, N.Y., Oct. 04, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated’s (NYSEGLW) 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.

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

The vial technology will help drug manufacturers meet their sustainability goals while enabling faster, safer filling-line operations

CORNING, N.Y., June 21, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated’s (NYSEGLW) 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.

CORNING, N.Y., June 20, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated’s (NYSEGLW) 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.

The collaboration will enable faster, more efficient delivery of vital medicines and help support India’s growing pharmaceutical industry

Corning, N.Y., May 23, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSEGLW) 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.

CORNING, N.Y., April 27, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated’s (NYSEGLW) 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.

First-quarter sales and EPS were as expected, reflecting the impact of anticipated recession-level demand in several key markets and overall weakness in China; Pricing and productivity-improvement actions drove sequential increases in both gross and operating margin percentages despite lower sales; Display Technologies’ volume increased late in the quarter as conditions improved and panel maker utilization resumed its recovery; Management expects second-quarter improvement in sales, profitability, and cash flow, with core sales in the range of $3.4 billion to $3.6 billion and core EPS in the range of $0.42 to $0.49

Fellowship recipient Dr. Francisco Sanchez-Vega will research factors that lead to negative colorectal cancer outcomes in Black communities

The achievement marks a decade of recognition by the U.S. EPA for effective energy management practices

The pre-engineered solution helps meet demand for information processing in the cloud – simplifying installation, lowering overall costs, and reducing carbon footprint

CORNING, N.Y., Feb. 08, 2023 (GLOBE NEWSWIRE) -- Corning Incorporated’s (NYSEGLW) Board of Directors today declared a quarterly dividend of $0.28 per share, a 3.7% increase versus the company’s previous quarterly common stock dividend of $0.27. The dividend will be payable on March 30, 2023, to shareholders of record on Feb. 28, 2023.

The company grew 2022 sales and EPS, building on a strong 2021 and demonstrating strategic resilience in a challenging external environment; Optical Communications and Hemlock and Emerging Growth Businesses delivered double-digit year-over-year sales growth, and Display Technologies maintained stable pricing; For first-quarter 2023, management expects sales to be impacted by pandemic-related disruptions in China, with core sales in the range of $3.2 billion to $3.4 billion and core EPS in the range of $0.35 to $0.42; Pricing and productivity improvement actions taken in Q4 2022 are expected to deliver profitability and cash flow benefits starting in Q1 2023

Samsung’s next Galaxy flagship smartphones will be the first to use Corning’s latest generation of Gorilla Glass, which delivers improved drop performance on rough surfaces like concrete

The Newest Gorilla Glass Better Survives Drops on Rougher Surfaces, Like Concrete

Core sales increased 1% year over year as secular growth initiatives and “More Corning” approach offset lower Display Technologies volume; Panel maker utilization declined further to a level that management believes to be the correction low point; display glass price remained consistent; Free cash flow of $866 million for the first nine months of 2022 keeps Corning on pace for another year of healthy cash generation

CORNING, N.Y. , Oct. 05, 2022 (GLOBE NEWSWIRE) -- Corning Incorporated’s (NYSEGLW) Board of Directors today declared a quarterly dividend of $0.27 per share on the company’s common stock. The dividend will be payable on Dec. 16, 2022, to shareholders of record on Nov. 18, 2022.

Core sales grew 7% year over year to $3.8 billion and core EPS increased 8% year over year to $0.57; Optical Communications sales grew 22% year over year; Second-quarter free cash flow was $440 million, keeping the company on pace for another year of strong cash generation; Management now expects full-year core sales to slightly exceed $15 billion, growing 6% to 8%