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.
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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.
Corning Incorporated (NYSE:GLW) launched the EDGE™ Distribution System, a connectivity solution aimed at simplifying data center operations. This system can reduce server cabling installation time by up to 70% and lower total installed costs by as much as 20%. Additionally, it minimizes carbon footprint by 55% through reduced material usage. The system addresses labor shortages in cloud data centers by consolidating multiple patch cords into a single assembly, thus enhancing speed and efficiency. Initial deployments in hyperscale data centers across the U.S., Europe, and Asia have demonstrated significant benefits in both sustainability and operational capacity.
Corning Incorporated (NYSE: GLW) announced a quarterly dividend increase of $0.28 per share, reflecting a 3.7% rise from the previous $0.27. This dividend will be payable on March 30, 2023, to shareholders recorded as of February 28, 2023. Edward Schlesinger, the CFO, stated that this decision signifies the company’s confidence in its growth prospects, indicating solid foundations for future performance. Corning aims to deliver multiyear growth while rewarding shareholders with increased dividends.
Corning Incorporated (GLW) reported solid growth in 2022, with GAAP sales rising 1% to $14.2 billion and core sales increasing 5% to $14.8 billion. The company achieved a full-year GAAP EPS of $1.54, up 20% year-over-year, and a core EPS of $2.09, up 1%. In Q4 2022, GAAP sales were $3.4 billion, but GAAP EPS fell to $(0.04) due to restructuring charges. For Q1 2023, Corning expects core sales between $3.2 billion to $3.4 billion and core EPS between $0.35 to $0.42, anticipating challenges from pandemic-related disruptions in China. Price and productivity improvements from Q4 2022 are expected to enhance profitability.
Corning (GLW) announced that Samsung's upcoming Galaxy flagship smartphones will feature Gorilla Glass Victus 2, improving drop performance on rough surfaces like concrete. This new glass maintains scratch resistance while enhancing durability. Launched in November 2022, Gorilla Glass Victus 2 includes 22% pre-consumer recycled content, supporting sustainability efforts. David Velasquez from Corning emphasized the importance of damage-resistant displays, while Samsung's Stephanie Choi highlighted their commitment to reducing environmental impact. With over 8 billion devices using Gorilla Glass, this collaboration continues to innovate in mobile consumer electronics.
Corning Incorporated (GLW) has introduced Gorilla Glass Victus 2, enhancing durability to withstand drops on rough surfaces like concrete. This new glass composition maintains scratch resistance while improving drop performance from heights of up to 1 meter on concrete and up to 2 meters on asphalt. Notably, 84% of consumers prioritize durability when purchasing smartphones, underscoring market demand. The product is currently under evaluation by multiple customers and is expected to be available in the coming months, reinforcing Corning's position in the mobile consumer electronics market.