Corning Inc. (NYSE:GLW) reported better-than-expected fourth-quarter fiscal 2025 results on Wednesday.The Corning, N.Y.-based company posted adjusted earnings of 72 cents per share, beating analyst estimates of 70 cents.Core sales rose 14% year over year (Y/Y) to $4.41 billion, exceeding the $4.35 billion consensus. Core EPS grew 26% Y/Y, while core operating margin expanded 390 basis points Y/Y to 20.2%.For the first quarter, Corning expects core sales of $4.200 billion-$4.300 billion, above the Street est ...

CORNING, N.Y.--(BUSINESS WIRE)--Corning Incorporated (NYSE: GLW) today announced its fourth-quarter and full-year 2025 results and provided its outlook for first-quarter 2026. News Summary: Company delivers record results for Q4 and full-year 2025 and expects continued growth in Q1: Q4 core sales and core EPS grew 14% to $4.41 billion and 26% to $0.72, YoY, respectively. Full-year 2025 core sales grew 13% to $16.41 billion, and core EPS grew 29% to $2.52. In Q1, management expects YoY growth to. ...

Core Insights - Analysts project Corning (GLW) will report quarterly earnings of $0.70 per share, reflecting a 22.8% year-over-year increase, with revenues expected to reach $4.32 billion, an 11.6% increase from the same quarter last year [1] Earnings Estimates - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analysts' assessments [1][2] - Changes in earnings estimates are crucial for predicting investor reactions, as empirical research shows a strong correlation between earnings estimate revisions and short-term stock performance [2] Key Metrics Forecast - Analysts estimate 'Net Sales- Display Technologies' at $880.85 million, a decrease of 9.3% year over year [4] - 'Net Sales- Hemlock and Emerging Growth Businesses' is projected at $464.86 million, an increase of 24.6% year over year [4] - 'Net Sales- Specialty Materials' is expected to reach $587.56 million, indicating a 14.1% increase from the prior-year quarter [4] Segment Sales and Income - The consensus for 'Net Sales- Life Sciences' is $249.13 million, showing a slight decline of 0.4% year over year [5] - 'Net Sales- Optical Communications' is forecasted at $1.71 billion, reflecting a 24.8% increase from the year-ago quarter [5] - 'Segment Net Income- Display Technologies' is expected to be $216.95 million, down from $262.00 million in the same quarter last year [5][6] - 'Segment Net Income- Life Sciences' is projected at $17.35 million, compared to $18.00 million a year ago [6] - 'Segment Net Income- Optical Communications' is anticipated to reach $261.29 million, up from $194.00 million last year [6] - 'Segment Net Income- Specialty Materials' is estimated at $98.80 million, compared to $81.00 million in the previous year [7] Stock Performance - Over the past month, Corning's shares have returned +5.2%, outperforming the Zacks S&P 500 composite's +0.6% change [7] - Corning currently holds a Zacks Rank 2 (Buy), suggesting potential outperformance in the near future [7]

Action | 18 Jan 2026 17:52:14 ET │ 14 pages China Jushi (600176.SS) TP raising to Rmb26.1/sh post E-fabric price hike CITI'S TAKE Buy | Catalyst Watch: Upside | | | --- | --- | | Price (16 Jan 26 15:00) | Rmb18.780 | | Target price | Rmb26.100↑ | | from Rmb19.800 | | | Expected share price return | 39.0% | | Expected dividend yield | 1.9% | | Expected total return | 40.8% | | Market Cap | Rmb75,179M | | | US$10,788M | Anna WangAC +852-2501-2739 anna.d.wang@citi.com Jack Shang, CFA +852-2501-2441 jack.shang@ ...

Core Insights - Apogee Enterprises, Inc. (APOG) reported adjusted earnings per share (EPS) of $1.02 for Q3 fiscal 2026, missing the Zacks Consensus Estimate of $1.03 per share, and reflecting a 14.3% decrease from the prior-year quarter [1] - The company generated revenues of $349 million in the quarter, up 2.1% year over year, but still below the Zacks Consensus Estimate of $350 million [2] - Apogee's gross profit fell 6.9% year over year to $82.9 million, with gross margin decreasing to 23.8% from 26.1% in the prior year [3] Financial Performance - Cost of sales increased by 5.3% year over year to $266 million, leading to a decline in operating income to $24.8 million, down 13.1% from $28.6 million in the prior year [3] - The Architectural Metals segment saw revenues decline by 9.9% year over year to $124 million, while the Architectural Glass segment grew by 0.9% to $70.8 million [4][5] - The Performance Surfaces segment experienced significant growth, with revenues rising 59.6% year over year to $52.9 million, attributed to the acquisition of UW Solutions [6] Backlog and Cash Position - The backlog for the Architectural Services segment decreased to $775 million at the end of Q3, down from $792 million in the previous quarter [7] - Apogee had cash and cash equivalents of $41 million at the end of Q3, with cash provided by operating activities totaling $67 million for the first nine months of the fiscal year [8] Guidance and Stock Performance - The company revised its FY26 revenue guidance to $1.39 billion from a previous range of $1.39-$1.42 billion, and adjusted EPS guidance to $3.40-$3.50 from $3.60-$3.90, citing 30 cents of tariff-related headwinds [11] - Apogee's stock has declined by 37.1% over the past year, contrasting with the industry's growth of 18.9% [12]

Summary of Key Points from the Conference Call Industry Overview - **Basic Materials Sector**: The report covers the basic materials sector in China, focusing on metals, steel, cement, paper, glass, and solar materials [1][2][3]. Metals - **Copper**: LME copper price increased by 2.0% WoW to US$11,764/t, while China's price decreased by 1.4% to RMB 92,640/t [1][32]. - **Aluminum**: LME aluminum rose by 1.3% WoW to US$2,872/t; however, China's price fell by 1.0% to RMB 21,820/t, leading to a margin squeeze of RMB 170/t WoW to RMB 5,915/t [1][15]. - **Gold**: COMEX gold price increased by 0.7% WoW to US$4,330/oz [1][11]. - **Lithium**: Domestic battery-grade lithium carbonate (99.5%) averaged RMB 97,650/t, up 3.3% WoW [1][55]. - **Uranium**: U₃O₈ spot price rose by 1.8% WoW to US$77.2/lb [1][65]. - **Cobalt**: Shanghai Changjiang cobalt price increased by 1.2% WoW to RMB 417,000/t [1][63]. - **Tungsten**: Prices accelerated due to supply shortages and import uncertainties [1]. Steel - **Price Recovery**: Rebar prices rose by 1.5% WoW to RMB 3,322/t, and HRC gained 1.2% to RMB 3,312/t [2][66]. - **Consumption**: Apparent consumption decreased by 0.5% WoW to 8.4 million tons, while inventories edged down by 0.15% to 13.3 million tons [2][66]. - **Iron Ore**: Price climbed by 3.2% WoW to USD 108.4/t [2][71]. - **Margins**: Negative margins persisted, with rebar falling to -RMB 292/t and HRC to -RMB 360/t [2][76]. Cement - **Price Trends**: National average cement price pulled back by 0.3% WoW to RMB 348/t, with regional variations [3][89]. - **Shipment Ratio**: Nationwide shipment ratio dropped by 1.4 percentage points WoW to 32.8% [3][22]. - **Inventory Ratio**: Inventory ratio decreased by 2.4 percentage points to 62.3% [3][22]. Paper and Glass - **Paper Prices**: Paper prices edged down by 0.89% WoW to RMB 3,751/t, influenced by cautious market sentiment [3][99]. - **Glass Prices**: National average float glass price declined by 1.2% WoW to RMB 1,151/t due to limited demand [3][98]. Solar Materials - **Polysilicon Prices**: Prices for N-type polysilicon and granular silicon remained stable at RMB 53/kg and RMB 51/kg, respectively [3][112]. - **Solar Glass Prices**: Prices for coated solar glass declined to RMB 18.5/sqm and RMB 11.5/sqm [3][121]. - **Inventory Days**: Solar glass inventory days expanded by 8.7% WoW to 35.92 [3][123]. Additional Insights - **Market Sentiment**: The report indicates a shift in market sentiment from traditional off-season to anti-involution expectations, impacting pricing and consumption dynamics [2][66]. - **Utilization Rates**: Blast furnace utilization rates decreased by 0.99 percentage points WoW to 85% [2][78]. This summary encapsulates the key points from the conference call, highlighting trends and data across various sectors within the basic materials industry in China.

南方财经12月18日电，耀皮玻璃（600819.SH）在2025年12月16日的调研中表示，公司近期正式投产的 大连产线聚焦钙钛矿、碲化镉等薄膜太阳能电池所需的TCO导电玻璃研发与制造，服务于下一代高效光 伏技术。公司发布耀皮鲲鹏系列多款高附加值产品，涵盖节能、造能及健康功能玻璃，其中耀皮鲲鹏绿 芯TCO导电玻璃具备高透光率、精准面电阻调控和优异化学稳定性，已与凯盛控股、龙焱能源科技、京 东方、仁烁光能、协鑫光电、极电光能、纤纳光电、光晶能源、脉络能源等建立技术与业务合作，销量 稳定。 ...

Core Insights - SCHMID Group N.V. has secured a two-tranche term loan facility of up to €10 million to strengthen its financial structure and working capital [1][2] - The first tranche of €2.5 million is expected to be drawn on December 18, 2025, with the second tranche anticipated in early 2026 [2] - The company appointed Arthur Schuetz as the new Chief Financial Officer, effective January 1, 2026, bringing over 20 years of investment banking experience [3][4] Financial Structure - The term loan includes an optional equity conversion right at a fixed share price of USD 2.15 per share [1] - A related party loan raised an additional €200,000, involving the company's Chairman, Board members, and external investors [1] - The financing aims to convert strong order intake into revenues and optimize the company's capital structure for future opportunities [2] Leadership Changes - Arthur Schuetz will replace Julia Natterer as CFO, who will focus on daily operations at Gebr. Schmid GmbH [3] - Schuetz's background includes leading equity and debt capital fundraisings and managing complex cross-border M&A transactions [3][4] - The board expresses confidence in Schuetz's ability to enhance the company's financial strategy and stakeholder value [4] Company Overview - SCHMID Group is a global leader in high-tech electronics, photovoltaics, glass, and energy systems, headquartered in Freudenstadt, Germany [7] - The company employs over 800 staff and operates technology centers and manufacturing sites in Germany and China [7] - It focuses on customized equipment and process solutions, ensuring high technology levels and sustainability in production processes [7]

Core Insights - SCHMID Group N.V. reported a decline in revenues and gross profits for the first half of 2025 compared to the same period in 2024, primarily due to weak performance in Asia, China, and Europe [3][8] - The company has updated its full-year 2025 sales guidance, indicating that sales will be at the lower end of the previously estimated range due to delays in receiving advance payments and project postponements [5][6] - The company is actively pursuing additional funding through equity and debt investments to support its operations and growth [7][10] Financial Performance - Revenues for the first half of 2025 were €16.9 million, down from €29.7 million in the same period last year, attributed to lower order volumes in Asia, Europe, and the USA [8] - The gross profit for the first half of 2025 was €-1.7 million, a significant decrease from €5.6 million in the previous year, mainly due to low revenue levels [8] - The operating result for the first half of 2025 was €-7.8 million, an improvement from €-70.1 million in the same period last year, driven by lower revenue and negative gross profit [8] Outlook and Guidance - The company expects full-year 2025 sales to be between €72 million and €77 million, with an unadjusted EBITDA margin projected at approximately 15% [5][6] - For 2026, the company anticipates sales revenue exceeding €100 million and an adjusted EBITDA margin of more than 12% [11] Funding and Financial Structure - The company has successfully concluded negotiations for a debt-equity swap with XJ Harbour Ltd., which will offset over USD 26 million in financial liabilities [7] - A loan facility agreement amounting to up to €10 million has been signed, with the first tranche of €2.5 million expected to be drawn down shortly [7][9] - The company also raised €200,000 through a loan with a related party, with a market-standard interest rate and a maturity of 15 months [9] Assets and Liabilities - As of June 30, 2025, total assets were €111.6 million, slightly up from €110.5 million at the end of 2024 [20][22] - The equity attributable to owners of the group was €-55.3 million, compared to €-43.3 million at the end of 2024, indicating a deterioration in financial health [21]

Core Viewpoint - Corning Incorporated reported strong Q3 2025 earnings, surpassing estimates with revenue growth driven by demand in various sectors, particularly in optical communication and Gen-AI applications [2][3][4]. Financial Performance - The company achieved a net income of $430 million or 50 cents per share, a significant improvement from a loss of $117 million or 14 cents in the same quarter last year [3]. - Core earnings for the quarter were $585 million or 67 cents per share, up from $465 million or 54 cents year-over-year, beating the Zacks Consensus Estimate by a penny [3][12]. - Net sales reached $4.1 billion, a 21.1% increase from $3.39 billion in the previous year, with core sales up 14% to $4.27 billion, exceeding the consensus estimate of $4.21 billion [4][12]. Segment Performance - Optical Communications segment revenues were $1.65 billion, up 33% year-over-year, driven by strong demand for Gen-AI products, with net income improving to $295 million, a 69% increase [5]. - Display Technologies reported revenues of $939 million, down 7% year-over-year, with net income declining 12% to $250 million [6]. - Specialty Materials generated $621 million in revenues, up 13% year-over-year, with net income rising to $113 million from $72 million [6]. - The Automotive segment contributed $454 million in net sales, a 6% increase year-over-year, with net income up 33% to $68 million [7]. - Life Sciences segment revenues were $242 million, slightly down from $244 million year-over-year, with net income increasing 7% to $16 million [7]. - Hemlock and Emerging Growth Businesses reported a 46% increase in net sales to $364 million, but incurred a net loss of $1 million compared to a net income of $12 million in the previous year [8]. Profitability and Cash Flow - Quarterly gross profit rose to $1.52 billion from $1.13 billion, with gross margins improving to 37.1% from 33.5% [9]. - Operating income increased to $589 million from $302 million in the prior-year quarter [9]. - Corning generated $784 million in net cash from operations, up from $699 million in the same quarter last year, and had $1.64 billion in cash and cash equivalents as of September 30, 2025 [11]. Future Outlook - For Q4 2025, core sales are projected at $4.35 billion, with core EPS expected to be in the range of 68-72 cents [12]. - Estimates for the stock have trended upward, with a consensus estimate shift of 6.51% [13]. - Corning holds a Zacks Rank 3 (Hold), indicating expectations for an in-line return in the coming months [15].