Welcome to our dedicated page for Corning news (Ticker: GLW), a resource for investors and traders seeking the latest updates and insights on Corning stock.
Corning Incorporated (NYSE: GLW) generates frequent news across financial, strategic, and technology topics, reflecting its role as a materials science company focused on glass, ceramics, and optical technologies. News coverage often highlights quarterly financial results, updates on the company’s Springboard plan, and commentary from senior management on trends affecting Corning’s markets, including optical communications, mobile consumer electronics, display, automotive, solar, semiconductors, and life sciences.
Investors following GLW news will find regular earnings announcements detailing GAAP and core (non-GAAP) performance measures such as core sales, core operating margin, core EPS, and adjusted free cash flow. These releases also describe segment performance for Optical Communications, Display, Specialty Materials, Automotive, Life Sciences, and Hemlock and Emerging Growth Businesses, along with management’s outlook for upcoming quarters.
Corning news also includes capital allocation updates, such as Board declarations of quarterly dividends on the company’s common stock, with information on dividend amounts, record dates, and payment dates. Additional governance-related news may cover Board and leadership changes, including the appointment of new directors and senior leadership promotions tied to the company’s long-term strategy.
Beyond financial and governance items, GLW news frequently features strategic collaborations and product-related announcements. Recent examples include agreements to jointly develop ceramic separator manufacturing capabilities for solid-state batteries, collaborations to supply optical components for co-packaged optics systems in AI data centers, and the use of Corning glass ceramic materials in flagship mobile devices. Together, these updates provide insight into how Corning applies its glass, ceramic, and optical physics expertise in partnership with technology and industrial leaders.
By monitoring this news feed, readers can track Corning’s execution of its Springboard plan, its participation in AI-related infrastructure and solar products, and its evolving role across key materials-intensive markets.
Corning announced a significant advancement in glass-ceramic technology with its Corning Guardiant, which has demonstrated the ability to kill over 99.9% of SARS-CoV-2 under EPA-approved tests. This antimicrobial efficacy lasted even after simulating six years of scrubbing. Corning is collaborating with PPG to seek EPA registration for a paint product containing Corning Guardiant, named COPPER ARMOR, to provide added protection against COVID-19. Additionally, research shows effectiveness against other harmful bacteria and viruses.
Corning (GLW) reported robust financial results for Q3 2020, with GAAP sales of $3.0 billion, a 16% sequential increase and 1% year-over-year growth. Core EPS surged 72% to $0.43, supported by a significant operating margin expansion to 18.3%. Free cash flow exceeded $518 million, bolstering cash reserves to $2.5 billion. Strong growth was noted in Environmental Technologies (68%) and Specialty Materials (37%). The consolidation of Hemlock Semiconductor contributed $31 million in sales. Despite ongoing macroeconomic challenges, Corning remains confident in its market leadership and operational strength.
Corning announced its new Evolv™ Hardened Connectivity Solutions featuring Pushlok™ Technology to address the growing demand for bandwidth in tight spaces. This innovation includes miniaturized, 5G-ready terminals and connectors designed to enhance fiber deployment efficiency. The compact solutions can save operators up to $500 per terminal location and simplify installations. Corning aims to reduce barriers for network operators, facilitating faster and more economical deployments in response to increasing connectivity needs driven by 5G technology.
Corning Incorporated (GLW) declared a quarterly dividend of $0.22 per share, payable on December 18, 2020, to shareholders of record on November 13, 2020. The announcement emphasized the company's commitment to returning value to its shareholders amidst ongoing market uncertainties, including challenges posed by COVID-19 and other external factors. The press release highlighted potential risks that could affect financial performance, including economic conditions, competitive pressures, and supply chain disruptions. Corning continues to leverage its innovation in materials science across various industries.
Corning (NYSE: GLW) will present at the Citi 2020 Global Technology Conference on September 9, 2020. CFO Tony Tripeny and Chief Strategy Officer Jeff Evenson will discuss the company’s expected third-quarter performance, predicting sales growth in the low-teens percentage range sequentially, surpassing analyst expectations. Profitability is set to grow faster than sales due to effective cost control measures, with positive free cash flow anticipated for the year. Tripeny highlighted sustained positive momentum and a robust outlook for Corning's growth drivers.
Corning Incorporated (NYSE: GLW) reported Q2 results with GAAP sales at $2.6 billion, a 7% increase from Q1. Core EPS rose 25% sequentially to $0.25, while GAAP EPS was $(0.13). Net income improved to $218 million, up 23%. Free cash flow reached $285 million, indicating strong financial management. Highlights include a long-term supply agreement for Valor Glass vials and the launch of Gorilla Glass Victus. Despite challenges in Environmental Technologies, overall financial strength remains, with expectations for sales growth in Q3.
Corning Incorporated (NYSE: GLW) has launched Gorilla Glass Victus, a revolutionary glass technology enhancing drop and scratch performance for mobile devices. This innovation builds on over a decade of expertise, offering up to 2 meters of drop resistance and 4x better scratch resistance compared to competitors' products. Consumer research underscores that durability significantly influences purchasing decisions in key markets like China, India, and the United States. Samsung is set to be the first to adopt this new glass technology.
Corning, NY, July 15, 2020 - Corning declared a quarterly dividend of $0.22 per share on its common stock, payable on Sept. 30, 2020, to shareholders on record as of Aug. 28, 2020. The company highlights ongoing risks related to the COVID-19 pandemic, which may impact demand and operations, alongside various other uncertainties including tariffs, currency fluctuations, and competitive pressures. Corning emphasizes its commitment to innovation and strategic investment to navigate these challenges while maintaining shareholder returns.
Corning (GLW) and EnerSys (ENS) announced a strategic collaboration to accelerate 5G deployment by simplifying fiber and electrical power delivery to small-cell sites. The partnership aims to address infrastructure challenges impacting the deployment of outdoor small cells by improving power accessibility and fiber connectivity. This collaboration is expected to enhance operational efficiency, lower installation costs, and expedite service availability, positioning Corning to leverage 5G as a key growth driver in its Optical Communications business.
CORNING, NY, June 09, 2020 – Corning (GLW) announced a $204 million agreement with BARDA to enhance the production of Valor Glass vials for COVID-19 vaccines and treatments. This funding will enable Corning to expand manufacturing capacity in its facilities across New York, North Carolina, and New Jersey, addressing supply chain challenges in the pharmaceutical industry. CEO Wendell P. Weeks emphasized the significance of Valor Glass in ensuring high-quality pharmaceutical packaging, which is crucial for timely vaccine and drug delivery during the pandemic.
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