Corning's Springboard Plan Set To Skyrocket Profits By 2026: AI And Price Hikes Drive Growth [Yahoo! Finance]
Lumen Technologies, Inc. (LUMN)
Company Research
Source: Yahoo! Finance
The company provided significant updates to its “Springboard” plan of adding more than $3 billion in annualized sales and shared its strategy to achieve a 20% operating margin by the end of 2026 For the third quarter of 2024, the company continues to expect sales of $3.7 billion (vs. consensus of $3.71 billion) and EPS in the range of $0.50 – $0.54 (vs. consensus of $0.53) Wendell P. Weeks, chairman and chief executive officer, said, “I'm very pleased with the progress we have made on our ‘Springboard' plan to add more than $3 billion in annualized sales by 2026. The plan leads to an improving return profile, with profits growing significantly faster than sales.” Corning is implementing price increases in its display technologies and forecasts, delivering segment net income of $900 million to $950 million in 2025 while maintaining a net income margin of 25%. Corning's Optical Communications division is showing positive momentum, with Enterprise sales projected to increase by o
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LUMN
News
- Here's what the top business leaders are saying about AI: ‘You need to be prepared for anything' [Yahoo! Finance]Yahoo! Finance
- Here's what the top business leaders are saying about AI: ‘You need to be prepared for anything' [Fortune]Fortune
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- Ed Altman Says Private Credit Has Broken a Junk Bond Barometer [Yahoo! Finance]Yahoo! Finance
- Lumen Technologies to Present at BofA 2024 Leveraged Finance ConferencePR Newswire
LUMN
Earnings
- 11/5/24 - Beat
LUMN
Sec Filings
- 11/13/24 - Form 4
- 11/12/24 - Form 4
- 11/5/24 - Form 10-Q
- LUMN's page on the SEC website