Corning Inc /NyGLW

NYSETechnologyDrawing & Insulating of Nonferrous Wire
Price (close)
$154.15
Market cap
$134.9B
P/E
71.0x
Revenue (TTM)
$17.0B
Net income
$1.9B
Dividend yield
0.73%
1-year total return
96.5%
Net margin
11.2%
Revenue growth
19.4%
Debt / equity
0.67x

What Corning Inc /Ny does.

Corning traces its origins to a glass business established in 1851. The present corporation was incorporated in the State of New York in December 1936. The Company’s name was changed from Corning Glass Works to Corning Incorporated on April 28, 1989.

Corning is vital to progress – in the industries we help advance and in the world we share. With a 175-year track record of life-changing inventions, Corning applies its unparalleled expertise in glass science, ceramic science and optical physics, along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people’s lives. Our materials science and manufacturing expertise, boundless curiosity and commitment to purposeful invention place us at the center of the way the world works, learns and lives. In addition, our sustained investment in research, development and engineering capabilities means we are always ready to solve the toughest challenges alongside our customers.

Our capabilities are versatile and synergistic, allowing Corning to evolve to meet changing market needs, while also helping customers capture new opportunities in dynamic industries. Today, Corning’s markets include optical communications, display, mobile consumer electronics, automotive, life sciences, semiconductors and solar. Corning’s industry-leading products include damage-resistant cover materials for mobile devices; precision glass for advanced displays; optical fiber, cable and connectivity solutions for advanced communications networks, such as fiber to the home and data centers, enabling artificial intelligence and connections around the world; trusted products to accelerate drug discovery and delivery; and clean-air technologies and technical glass for cars and trucks.

Revenue and profit, by fiscal year.

Fiscal year202020212022202320242025
Revenue$11.3B$14.1B$14.2B$12.6B$13.1B$15.6B
Net income$512.0M$1.9B$1.3B$581.0M$506.0M$1.6B
Free cash flow$803.0M$1.8B$1.0B$615.0M$974.0M$1.4B

More on GLW.

Figures from Corning Inc /Ny's filings with the U.S. SEC, standardised automatically; prices are end-of-day closes. Not financial advice.