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 Marg...
Corning Incorporated (GLW)
Last corning incorporated earnings: 4/28 07:15 am
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US:NYSE Investor Relations:
corning.com/worldwide/en/about-us/investor-relations.html
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Source: Business Wire
Results were at the high end of guidance, led by Optical Communications, which grew sales in its Enterprise business 55% year over year, driven by continued strong adoption of new optical-connectivity products for generative AIGAAP operating margin expanded 150 bps year over year; core operating margin expanded 160 bps year over year to 18.3%, marking significant progress on ‘Springboard’ target of 20% by the end of 2026Display Technologies implemented price increases and expects to deliver segment net income of $900 million to $950 million in 2025 and to maintain net income margin of 25%In the fourth quarter, management expects year-over-year sales growth to accelerate and EPS to grow faster than sales, with core sales of ~$3.75 billion and core EPS in the range of $0.53 to $0.57(1) Third-quarter GAAP sales were $3.39 billion, and GAAP EPS was $(0.14). Third-quarter core sales were $3.73 billion, and core EPS was $0.54. GAAP operating cash flow was $699 million, and adjusted free cas
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GLW
Earnings
- 10/29/24 - Beat
GLW
Sec Filings
- 11/22/24 - Form 4
- 11/22/24 - Form SC
- 11/21/24 - Form 4
- GLW's page on the SEC website