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) is a global materials science leader driving innovations in specialty glass, optical fiber, and advanced ceramics. This news hub provides investors and industry professionals with comprehensive access to official press releases and verified updates about the company's technological breakthroughs and market strategies.
Track Corning's latest developments across core sectors including display technologies, telecommunications infrastructure, life science solutions, and automotive innovations. Our curated feed features earnings announcements, strategic partnership details, R&D milestones, and operational updates directly from the company.
Key content categories include quarterly financial results, new product commercialization efforts, manufacturing expansions, and sustainability initiatives. All materials are sourced from official Corning communications to ensure accuracy and timeliness.
Bookmark this page for convenient access to critical information about GLW's market position, technological advancements, and corporate developments. Check regularly for updates that could impact your understanding of Corning's role in enabling next-generation technologies across multiple industries.
Corning Incorporated (GLW) reported its first-quarter 2023 financial results, highlighting a GAAP sales decline of 7% to $3.2 billion and a core EPS of $0.41. The results reflect the anticipated impact of recession-level demand in key markets, particularly in China. Despite the decrease in sales, the company achieved sequential increases in gross and operating margins by implementing pricing and productivity improvements. Looking ahead, management forecasts a sequential improvement in second-quarter sales, projecting core sales between $3.4 billion to $3.6 billion and core EPS between $0.42 to $0.49. Key segments experienced varied performance, with Environmental Technologies showing a 9% sales increase but Specialty Materials dropping 20%. Overall, Corning remains focused on profitability and cash flow.
Corning Incorporated (NYSE: GLW) and Memorial Sloan Kettering Cancer Center (MSK) have announced the awarding of the Corning-MSK Health Equity Research Fellowship to Dr. Francisco Sanchez-Vega. This two-year grant aims to investigate the reasons behind negative colorectal cancer outcomes in Black communities. Funded by Corning’s Office of Racial Equality and Social Unity, the research will explore genomic, clinical, and socioeconomic factors affecting colorectal cancer incidence and mortality. Dr. Carol Brown, MSK's Chief Health Equity Officer, emphasized the importance of dedicated funding in understanding and addressing cancer disparities. Dr. Sanchez-Vega expressed gratitude for the opportunity to contribute to health equity through research, which is crucial for developing effective interventions. Since 2020, Corning has partnered with organizations to address disparities affecting underserved populations.
Corning Incorporated has been recognized as an ENERGY STAR Partner of the Year by the U.S. Environmental Protection Agency (EPA) for the 10th consecutive year, highlighting the company's commitment to energy efficiency. Furthermore, Corning received the ENERGY STAR Sustained Excellence Award for the eighth time, acknowledging its ongoing improvements in energy management and reduction of greenhouse gas emissions. Corning aims to enhance its sustainability efforts, including a solar-array power-purchase agreement to increase renewable energy use by 400% by 2030. This reflects Corning's dedication to sustainability and meeting customer needs while advancing energy efficiency initiatives.
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