Corning, N.Y., Jan. 17, 2024 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) and Samsung Electronics Co., Ltd. today announced that Samsung's Galaxy S24 Ultra devices will feature Corning's new Corning® Gorilla® Armor cover material. Gorilla Armor offers an unparalleled combination of durability and visual clarity, delivering a richer display in sunlight and greater protection against damage caused by daily wear. "Corning's Gorilla® Glass, together with the Galaxy S series, have driven innovation and ma ...

Wirestock/iStock via Getty Images Investment thesis My initial bullish thesis about Corning (NYSE:GLW) did not age well since the stock by far underperformed the broader U.S. market with a -4.7% total return since early June 2023. The main reason the previous thesis did not age well is the top-line underperformance in Q2 and Q3, together with the shrinkage of the respective profitability metrics, but I believe it was due to temporary and not secular factors. While the thesis did not work well over the short ...

Summary of Corning Incorporated's UBS Global Technology Conference Call Company Overview - **Company**: Corning Incorporated (NYSE: GLW) - **Industry**: Material Science, specifically in glass and ceramic technologies Core Points and Arguments 1. **Long-term Strategy**: Corning's strategy focuses on three core technologies: glass science, ceramic science, and optical physics, supported by four manufacturing platforms to create innovative products and processes [4][5] 2. **Value Creation**: The company aims to improve profitability and cash flow despite current lower demand, with confidence in market recovery [5][6] 3. **Third Quarter Performance**: - Gross margin expanded by 80 basis points to 37% due to pricing actions, despite lower sales in optical communications and display [7] - Free cash flow reached $466 million, up 83% year-over-year, indicating effective cost management [7] 4. **Market Access Platforms**: - **Optical Communications**: Positioned to benefit from trends in broadband and cloud computing, with a focus on innovative, cost-effective solutions [9] - **Display**: Market leader in glass substrates, profitability restored to pre-pandemic levels [10] - **Mobile Consumer Electronics**: Collaborations with Apple to enhance product durability and performance [11] - **Automotive**: Growth in technical glass for displays and emissions control products, targeting a $100 per car opportunity [12] - **Life Sciences**: Focus on individualized biologic medicines and efficient packaging solutions [13] Important but Overlooked Content 1. **Sales Potential**: Corning has the capacity to generate over $3 billion in additional sales with minimal cash investment, indicating strong growth potential [14][15] 2. **Capital Expenditure**: Anticipated lower capital spending in 2024, with a focus on process improvements to enhance production efficiency [28][29] 3. **Demand Trends**: Current demand across various sectors is below historical trends, with expectations for recovery in the latter half of 2024 [22][24] 4. **Optical Market Dynamics**: The optical communications market is expected to grow significantly, driven by increasing data consumption and new applications [31][32] 5. **Emerging Opportunities**: Corning is exploring growth in automotive glass, data centers, and solar manufacturing, particularly with the onshoring of solar capacity in the U.S. [39][41] Conclusion Corning Incorporated is strategically positioned to navigate current market challenges while focusing on long-term growth opportunities across various sectors, leveraging its technological capabilities and innovative approaches to enhance profitability and shareholder value.

CORNING INCORPORATED (Exact name of registrant as specified in its charter) UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from To Commission file number: 1-3247 New York 16-0393470 (State or other jurisdiction of inc ...

Corning Incorporated (NYSE:GLW) Q3 2023 Earnings Conference Call October 24, 2023 8:30 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman and CEO Ed Schlesinger - Executive Vice President and CFO Jeff Evenson - Executive Vice President and CSO Conference Call Participants Asiya Merchant - Citi Martin Yang - Oppenheimer Meta Marshall - Morgan Stanley Matt Niknam - Deutsche Bank Wamsi Mohan - Bank of America Steven Fox - Fox Advisor Josh Spector - UBS Operat ...

Third-Quarter 2023 Investor Call Corning Reports Third-Quarter Financial Results October 24, 2023 Forward-Looking and Cautionary Statements The statements contained in this presentation and related comments by management that are not historical facts or informationand contain words such as “will,” “believe,” “anticipate,”“expect,” “intend,” “plan,” “seek,” “see,” “would,”“target,” “estimate,” “forecast” or similar expressions areforward-looking statements.These forward-looking statements are made pursuantto ...

https://reportify-1252068037.cos.ap-beijing.myqcloud.com/media/production/s_m_content_f070c2e54e2027569ab52148a306b9ef.html ...

For the quarterly period ended June 30, 2023 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from To Commission file number: 1-3247 CORNING INCORPORATED (Exact name of registrant as specified in its charter) New York 16-0393470 (State or other jurisdiction of incorpor ...

Second-Quarter 2023 Investor Call Corning Reports Second-Quarter Financial Results July 25, 2023 Forward-Looking and Cautionary Statements The statements contained in this presentation and related comments by management that are not historical facts or informationand contain words such as “will,” “believe,” “anticipate,” “expect,” “intend,” “plan,” “seek,” “see,” “would,” “target,” “estimate,” “forecast” or similar expressions are forward-looking statements. These forward-looking statements are made pursuan ...

Corning, Inc. (NYSE:GLW) Q2 2023 Earnings Conference Call July 25, 2023 8:30 AM ET Company Participants Ann Nicholson - Vice President, Investor Relations Wendell Weeks - Chairman and Chief Executive Officer Edward Schlesinger - Executive Vice President and Chief Financial Officer Conference Call Participants Samik Chatterjee - JPMorgan Meta Marshall - Morgan Stanley Asiya Merchant - Citi Mehdi Hosseini - SIG Wamsi Mohan - Bank of America Shannon Cross - Credit Suisse Matthew Niknam - Deutsche Bank Steven F ...