Nicholson (607) 974-6716 firstname.lastname@example.org, Follow Corning: Such statements relate to future events that by their nature address matters that are, to different degrees, uncertain. Caution Concerning Forward-Looking Statements. In short, we plan to drive more Corning technologies into the products consumers already buy,” Weeks said. For a complete listing of risks and other factors, please reference the risk factors and forward-looking statements described in our annual reports on Form 10-K and quarterly reports on Form 10-Q. The statements contained in this release that are not historical facts or information and contain words such as “will,” “believe,” “anticipate,” “expect,” “intend,” “plan,” “seek,” “see,” “would,” and “target” and similar expressions are forward-looking statements. Vice President Investor Relations
Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company’s SEC filings, press releases, conference calls, and webcasts. Such statements relate to future events that by their nature address matters that are, to different degrees, uncertain. In the first quarter, Corning’s display glass volume is expected to be down low-single digits sequentially. The company expects Optical Communications full-year sales to decline by 5% to 10% as the lower level of sales experienced in the second half of 2019 continues throughout the first half of 2020. CORNING, N.Y. , Jan. 29, 2020 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today announced results for fourth-quarter and full-year 2019. Corning, NY 14831
Fourth-Quarter and Full-Year 2019 Results and Comparisons (In millions, except per-share amounts). In Mobile Consumer Electronics, we grew Specialty Materials sales 8% while smartphone units were down. Caution Concerning Forward-Looking Statements You must click the link in the email to activate your subscription. This impacted gross margin, which was below our guidance for the fourth quarter.”, 2020-2023 Strategy & Growth Framework outlook. Corning Incorporated Quarter 2 2019 Earnings Call. ET. Lets Corning work with partners to enable social features and marketing messages. **Effective July 1, 2019, we have replaced the term “Core Earnings” with “Core Net Income 1-888-CORNING (267-6464)
Fourth-quarter sales were $903 million and net income was $62 million. July 30, 2019 08:30 AM EST. 1-800-255-0461
We are confident in our ability to achieve these goals because we are closely aligned with major growth drivers in each of our Market-Access Platforms, positioning us to create and sell into new product categories. Optical Communications continues to grow faster than the overall market as demand for the company’s fiber, cable, and connectivity solutions remain strong around the world. We are benefitting from recent investments including expansions for optical fiber and cable; Gen 10.5 display glass; gasoline particulate filters; and multiple development projects such as Gorilla® Glass for mobile devices and automotive. The reconciliation between GAAP and non-GAAP measures is provided in the tables following this news release, as well as on the company’s website. The company believes presenting non-GAAP financial measures assists in analyzing financial performance without the impact of items that may obscure trends in the company’s underlying performance. Definitions of these non-GAAP financial measures and reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures can be found on the Company’s website by going to the Investor Relations page and clicking “Quarterly Results” under the “Financials and Filings” tab. The company also plans to expand operating margin and ROIC, and deliver $8 billion to $10 billion to shareholders, including annual dividend per share increases of at least 10%. ET. Net income for the first quarter was up 30% year over year. Corning’s Framework outlines the company’s leadership priorities. Today, Corning's markets include optical communications, mobile consumer electronics, display technology, automotive, and life sciences vessels. Kudos to all employees for doing their part to contribute to everything that we One Riverfront Plaza
“We believe the benefits of this approach are already manifesting themselves. Corning plans to host its 2019 investor meeting at The Conrad New York in New York City on Friday, June 14. The primary difference between GAAP and core results were charges associated with capacity realignment, Growth in three businesses within Corning’s focused and cohesive portfolio mitigated the impact of headwinds in other markets, enabling 2% overall sales growth for the year. Since announcing the Framework, the company has returned $12.3 billion to shareholders, including $414 million in first-quarter 2019. You can sign up for additional subscriptions at any time. Corning (www.corning.com) is one of the world's leading innovators in materials science, with a more than 165-year track record of life-changing inventions. Having delivered another strong quarter, the benefits of our investments continue to be evident in our financial performance and we are within striking distance of fully delivering on the goals of this Framework.”, Strategy and Capital Allocation Framework Progress.