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corning inc. - GLW

GLW

Close Chg Chg %
47.83 0.69 1.43%

Open Market

48.52

+0.69 (1.43%)

Volume: 1.07M

Last Updated:

Nov 22, 2024, 12:57 PM EDT

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Company Overview: corning inc. - GLW

GLW Key Data

Open

$47.77

 Day Range

47.72 - 48.60

52 Week Range

27.57 - 51.03

 Market Cap

$40.96B

Shares Outstanding

856.21M

 Public Float

776.05M

Beta

1.03

 Rev. Per Employee

N/A

P/E Ratio

267.56

 EPS

$0.18

Yield

234.11%

 Dividend

$0.28

EX-DIVIDEND DATE

Nov 15, 2024

 SHORT INTEREST

N/A

AVERAGE VOLUME

5.02M

  

GLW Performance

1 Week
 
 2.90%
 
1 Month
 
 3.44%
 
3 Months
 
 14.07%
 
1 Year
 
 69.65%
 
5 Years
 
 64.85%
 

GLW Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 18
Full Ratings ➔

About corning inc. - GLW

Corning, Inc. engages in the provision of glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications, carrier network and enterprise network products for the telecommunications industry, ceramic substrates for gasoline and diesel engines in automotive and heavy-duty vehicle markets, laboratory products for the scientific community and polymer products for biotechnology applications, optical materials for the semiconductor industry and the scientific community, and polycrystalline silicon products and other technologies. It operates through the following segments: Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies, and Life Sciences. The Optical Communications segment is classified into two main product groupings: carrier and enterprise network. The carrier network group consists of products and solutions for optical-based communications infrastructure for services such as video, data, and voice communications. The enterprise network group consists primarily of optical-based communication networks sold to businesses, governments, and individuals for their own use. The Display Technologies segment manufactures glass substrates for flat panel displays, including organic light-emitting diodes and liquid crystal displays that are used primarily in televisions, notebook computer, desktop monitors, tablets, and handheld devices. The Specialty Materials segment is involved in the manufacture of products that provide material formulations for glass, glass ceramics and crystals, and precision metrology instruments and software. The Environmental Technologies segment focuses on manufacturing ceramic substrates and filter products for emissions control in mobile applications. The Life Sciences segment develops, manufactures, and supplies laboratory products. The company was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.

GLW At a Glance

Corning, Inc.
One Riverfront Plaza
Corning, New York 14831
Phone 1-607-974-9000 Revenue 12.59B
Industry Electronic Components Net Income 581.00M
Sector Electronic Technology Employees 49,800
Fiscal Year-end 12 / 2024
View SEC Filings

GLW Valuation

P/E Current 267.562
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 45.018
Price to Sales Ratio 2.078
Price to Book Ratio 2.162
Price to Cash Flow Ratio 13.046
Enterprise Value to EBITDA 12.615
Enterprise Value to Sales 2.636
Total Debt to Enterprise Value 0.256

GLW Efficiency

Revenue/Employee 252,771.084
Income Per Employee 11,666.667
Receivables Turnover 8.008
Total Asset Turnover 0.434

GLW Liquidity

Current Ratio 1.67
Quick Ratio 1.053
Cash Ratio 0.412

GLW Profitability

Gross Margin 32.118
Operating Margin 10.017
Pretax Margin 6.482
Net Margin 4.616
Return on Assets 2.003
Return on Equity 4.932
Return on Total Capital 2.90
Return on Invested Capital 2.972

GLW Capital Structure

Total Debt to Total Equity 73.448
Total Debt to Total Capital 42.346
Total Debt to Total Assets 29.768
Long-Term Debt to Equity 69.708
Long-Term Debt to Total Capital 40.19
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Corning Inc. - GLW

Collapse All in section
All values USD millions. 2020 2021 2022 2023 5-year trend
Sales/Revenue
11.31B 14.07B 14.14B 12.59B
Sales Growth
-1.68% +24.39% +0.49% -10.96%
Cost of Goods Sold (COGS) incl D&A
7.46B 9.11B 9.50B 8.54B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
1.52B 1.48B 1.45B 1.37B
Depreciation
1.40B 1.35B 1.33B 1.25B
Amortization of Intangibles
121.00M 129.00M 123.00M 122.00M
COGS Growth
-4.20% +22.03% +4.33% -10.06%
Gross Income
3.85B 4.96B 4.64B 4.04B
Gross Income Growth
+3.61% +28.96% -6.55% -12.79%
Gross Profit Margin
+34.01% +35.26% +32.79% +32.12%
2020 2021 2022 2023 5-year trend
SG&A Expense
2.56B 2.82B 2.88B 2.78B
Research & Development
907.00M 994.00M 1.03B 1.03B
Other SG&A
1.65B 1.83B 1.85B 1.75B
SGA Growth
+5.87% +10.31% +1.91% -3.34%
Other Operating Expense
- - - -
-
Unusual Expense
438.00M (314.00M) 7.00M 506.00M
EBIT after Unusual Expense
849.00M 2.45B 1.75B 755.00M
Non Operating Income/Expense
51.00M 246.00M 338.00M 390.00M
Non-Operating Interest Income
15.00M 11.00M 15.00M 38.00M
Equity in Earnings of Affiliates
- - (25.00M) 35.00M
-
Interest Expense
276.00M 300.00M 292.00M 329.00M
Interest Expense Growth
+24.89% +8.70% -2.67% +12.67%
Gross Interest Expense
334.00M 336.00M 340.00M 329.00M
Interest Capitalized
- 58.00M 36.00M 48.00M
Pretax Income
623.00M 2.40B 1.80B 816.00M
Pretax Income Growth
-48.77% +284.75% -25.03% -54.59%
Pretax Margin
+5.51% +17.04% +12.71% +6.48%
Income Tax
111.00M 491.00M 411.00M 168.00M
Income Tax - Current - Domestic
(72.00M) 185.00M 207.00M 95.00M
Income Tax - Current - Foreign
203.00M 290.00M 250.00M 148.00M
Income Tax - Deferred - Domestic
(10.00M) 104.00M (60.00M) (83.00M)
Income Tax - Deferred - Foreign
(10.00M) (88.00M) 14.00M 8.00M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - (25.00M) 35.00M
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
512.00M 1.91B 1.39B 648.00M
Minority Interest Expense
- - 70.00M 67.00M
-
Net Income
512.00M 1.91B 1.32B 581.00M
Net Income Growth
-46.67% +272.27% -30.95% -55.85%
Net Margin Growth
+4.53% +13.55% +9.31% +4.62%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
512.00M 1.91B 1.32B 581.00M
Preferred Dividends
- - 98.00M 827.00M
-
Net Income Available to Common
414.00M 1.08B 1.32B 581.00M
EPS (Basic)
0.544 1.3031 1.5611 0.6851
EPS (Basic) Growth
-51.03% +139.54% +19.80% -56.11%
Basic Shares Outstanding
761.00M 828.00M 843.00M 848.00M
EPS (Diluted)
0.5363 1.2784 1.5356 0.6764
EPS (Diluted) Growth
-49.78% +138.37% +20.12% -55.95%
Diluted Shares Outstanding
772.00M 844.00M 857.00M 859.00M
EBITDA
2.81B 3.62B 3.21B 2.63B
EBITDA Growth
+0.32% +28.89% -11.28% -18.07%
EBITDA Margin
+24.82% +25.72% +22.71% +20.89%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 47.615
Number of Ratings 18 Current Quarters Estimate 0.556
FY Report Date 12 / 2024 Current Year's Estimate 1.951
Last Quarter’s Earnings 0.54 Median PE on CY Estimate N/A
Year Ago Earnings 1.70 Next Fiscal Year Estimate 2.311
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 12 10 14 14
Mean Estimate 0.56 0.48 1.95 2.31
High Estimates 0.57 0.51 1.99 2.40
Low Estimate 0.55 0.45 1.94 2.23
Coefficient of Variance 1.21 4.88 0.68 2.68

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 9 9 9
OVERWEIGHT 1 2 2
HOLD 7 6 6
UNDERWEIGHT 1 1 1
SELL 0 0 0
MEAN Overweight Overweight Overweight

Insider Actions for Corning Inc. - GLW

Date Name Shares Transaction Value
Jul 25, 2024 Michaune D. Tillman SVP and General Counsel 18,618 Grant, award or other acq pursuant to Rule 16b-3(d) 0.00
Jul 17, 2024 Jaymin Amin SVP and Chief Tech. Officer 87,404 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $45.76 per share 3,999,607.04
Jul 4, 2024 John P. Bayne Retired Senior Vice President 1,042 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $38.66 per share 40,283.72
Jul 4, 2024 John P. Bayne Retired Senior Vice President N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jul 4, 2024 John P. Bayne Retired Senior Vice President 1,650 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jul 4, 2024 John P. Bayne Retired Senior Vice President N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jul 4, 2024 John P. Bayne Retired Senior Vice President 2,131 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Jun 7, 2024 Jeffrey W. Evenson Exec. VP & Chief Strategy Off 57,280 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $37.39 per share 2,141,699.20
May 17, 2024 Michael Alan Bell Senior VP & GM, Optical Comm. N/A Open market or private sale of non-derivative or derivative security Non-derivative transaction at $35 per share 0.00
May 13, 2024 Soumya Seetharam Senior Vice President & CDIO 50,000 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $34.01 per share 1,700,500.00
May 8, 2024 Martin J. Curran Exec. VP & Innovation Officer 82,014 Bona fide gift 0.00
May 8, 2024 Martin J. Curran Exec. VP & Innovation Officer 65,598 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $33.7 per share 2,210,652.60
May 8, 2024 Martin J. Curran Exec. VP & Innovation Officer 2,500 Bona fide gift 0.00
May 8, 2024 Jeffrey W. Evenson Exec. VP & Chief Strategy Off 137,218 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $20.92 per share 2,870,600.56
May 8, 2024 Jeffrey W. Evenson Exec. VP & Chief Strategy Off 130,048 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $20.93 per share 2,721,904.64
May 8, 2024 Martin J. Curran Exec. VP & Innovation Officer 2,500 Bona fide gift 0.00
May 8, 2024 Jeffrey W. Evenson Exec. VP & Chief Strategy Off 144,698 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 Non-derivative transaction at $20.89 per share 3,022,741.22
May 8, 2024 Jeffrey W. Evenson Exec. VP & Chief Strategy Off N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 8, 2024 Jeffrey W. Evenson Exec. VP & Chief Strategy Off N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
May 8, 2024 Jeffrey W. Evenson Exec. VP & Chief Strategy Off N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00

Corning Inc. in the News