Stock GLW CORNING INCORPORATED
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Company Corning Incorporated

Equities

GLW

US2193501051

Electronic Equipment & Parts

Market Closed - Nyse
Other stock markets
 04:00:02 2024-04-17 pm EDT 		5-day change 1st Jan Change
30.98 USD +0.19% Intraday chart for Corning Incorporated -3.04% +1.74%
Apr. 11 JPMorgan Raises Corning's Price Target to $36 From $34, Maintains Neutral Rating MT
Apr. 08 UBS Adjusts Corning Price Target to $35 From $34, Maintains Neutral Rating MT

Business Summary

Corning Incorporated is the world leader of the production and the marketing of substrata of glass and ceramic of specialty. Net sales break down by market as follows:

- telecommunications (29.6%): products of fiber optical, cables, etc. for networks of communication;

- electronic large public (26%): glass substrata intended for screens of televisions sets LCD, PC and laptops;

- environment (13%): substrata of ceramic and filters intended for systems fight against vehicles emissions;

- life science (7.1%): in particular optical biosensors for pharmaceutical research;

- other (24.3%): solutions based on plastic and glass of specialty intended notably to the sectors of semiconductors, aerospace, defense, astronomy and metrology.

Net sales are distributed geographically as follows: the United States (32.7%), North America (3%), Asia/Pacific (51.5%), Europe (11.3%) and other (1.5%).

Number of employees: 49,800

Sales per Business

USD in Million2022Weight2023Weight Delta
Optical Communications
31.9 %
5,023 35.4 % 4,012 31.9 % -20.13%
Display Technologies
28.1 %
3,306 23.3 % 3,532 28.1 % +6.84%
Specialty Materials
14.8 %
2,002 14.1 % 1,865 14.8 % -6.84%
Environmental Technologies
14.0 %
1,584 11.2 % 1,766 14.0 % +11.49%
Hemlock and Emerging Growth
11.5 %
1,662 11.7 % 1,446 11.5 % -13.00%
Reconciling Items
-7.9 %
-616 -4.3 % -992 -7.9 % +61.04%
Life Sciences
7.6 %
1,228 8.7 % 959 7.6 % -21.91%

Sales per region

USD in Million2022Weight2023Weight Delta
China
32.7 %
4,435 30.0 % 4,439 32.7 % +0.09%
United States
32.7 %
5,149 34.8 % 4,439 32.7 % -13.79%
Other Europe
7.3 %
1,116 7.5 % 998 7.3 % -10.57%
Taiwan
6.3 %
813 5.5 % 855 6.3 % +5.17%
Japan
4.9 %
617 4.2 % 667 4.9 % +8.10%
Other Asia Pacific
4.6 %
729 4.9 % 620 4.6 % -14.95%
Germany
3.9 %
539 3.6 % 535 3.9 % -0.74%
South Korea
3.1 %
514 3.5 % 418 3.1 % -18.68%
Canada
2.3 %
503 3.4 % 317 2.3 % -36.98%
All Other
1.5 %
294 2.0 % 208 1.5 % -29.25%
Mexico
0.6 %
96 0.6 % 84 0.6 % -12.50%

Managers

Managers TitleAgeSince
Wendell Weeks CEO
 Chief Executive Officer 64 82-12-31
Edward Schlesinger DFI
 Director of Finance/CFO 56 12-12-31
Eric Musser PSD
 President 64 85-12-31
Jaymin Amin CTO
 Chief Tech/Sci/R&D Officer 55 96-12-31
Lewis Steverson ADM
 Chief Administrative Officer 60 13-05-31
Soumya Seetharam CTO
 Chief Tech/Sci/R&D Officer 48 22-10-31
Ann H. S. Nicholson IRC
 Investor Relations Contact - -
David Loeber PRN
 Corporate Officer/Principal - -
Avery Nelson PRN
 Corporate Officer/Principal 55 90-12-31
Stefan Becker AUD
 Comptroller/Controller/Auditor 52 99-12-31

Members of the board

Members of the board TitleAgeSince
Stephanie Burns BRD
 Director/Board Member 69 12-01-30
Leslie Brun BRD
 Director/Board Member 72 18-07-17
Deborah Henretta BRD
 Director/Board Member 62 13-07-16
Wendell Weeks CEO
 Chief Executive Officer 64 82-12-31
Mark Wrighton BRD
 Director/Board Member 74 09-02-03
Hansel Tookes BRD
 Director/Board Member 76 00-12-31
Robert Cummings BRD
 Director/Board Member 74 05-12-31
Richard Clark BRD
 Director/Board Member 77 11-12-05
Roger Ferguson BRD
 Director/Board Member 71 21-03-31
Daniel Huttenlocher BRD
 Director/Board Member 65 15-02-02

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 1,835,352,470 772,738,355 ( 42.10 %) 980,000,000 ( 53.40 %) 42.10 %

Shareholders

NameEquities%Valuation
Vanguard Fiduciary Trust Co.
11.49 %
98,247,508 11.49 % 3 238 M $
The Vanguard Group, Inc.
11.49 %
98,246,749 11.49 % 3 238 M $
SAMSUNG ELECTRONICS CO., LTD.
9.353 %
80,000,000 9.353 % 2 637 M $
BlackRock Advisors LLC
5.609 %
47,976,347 5.609 % 1 581 M $
STATE STREET CORPORATION
3.761 %
32,173,188 3.761 % 1 060 M $
Wellington Management Co. LLP
3.661 %
31,312,779 3.661 % 1 032 M $
Eaton Vance Management
2.719 %
23,257,851 2.719 % 767 M $
Ameriprise Financial Services LLC
2.098 %
17,942,173 2.098 % 591 M $
JPMorgan Investment Management, Inc.
2.090 %
17,875,262 2.090 % 589 M $
Geode Capital Management LLC
1.981 %
16,941,359 1.981 % 558 M $
NameEquities%Valuation
SAMSUNG ELECTRONICS CO., LTD.
100.00 %
2,300 100.00 % 75 808 $

Holdings

NameEquities%Valuation
UTI INC.
10.23%
 1,665,734 10.23% 43,058,524 $
SHANG PROPERTIES, INC.
1.00%
 47,633,492 1.00% 3,151,908 $

Company contact information

Corning, Inc.

One Riverfront Plaza

14831, Corning

+607-974-9000

http://www.corning.com
address Corning Incorporated(GLW)

Group companies

NameCategory and Sector
Corning International Corp.
Logo Corning International Corp.

Corning International Corp.

Home FurnishingsConsumer Durables

Corning International Corp. manufactures fiber-optics and specialty glasses. The company is headquartered in New York.

Home Furnishings
Corning Precision Materials Korea Co., Ltd.
Logo Corning Precision Materials Korea Co., Ltd.

Corning Precision Materials Korea Co., Ltd.

Electronic Production EquipmentElectronic Technology

Corning Precision Materials Korea Co., Ltd. produces electronic core parts and glass substrates. It operates through following business segments: Display Technology, Environmental Technology, Optical Communication, Life Science, and Specialty Material. The company was founded on April 20, 1995 and is headquartered in Seoul, South Korea.

Electronic Production Equipment
Corning Hungary Data Services Kft.
Corning Display Technologies Taiwan Co. Ltd.
Logo Corning Display Technologies Taiwan Co. Ltd.

Corning Display Technologies Taiwan Co. Ltd.

Home FurnishingsConsumer Durables

Part of Corning, Inc., Corning Display Technologies Taiwan Co. Ltd. is a Taiwanese company that manufactures glasses. The private company is based in Taipei, Taiwan.

Home Furnishings
Corning Luxembourg SARL
Corning Telecommunications Luxembourg SARL
Corning Optical Communications Polska Sp zoo
Logo Corning Optical Communications Polska Sp zoo

Corning Optical Communications Polska Sp zoo

Electrical ProductsProducer Manufacturing

Part of Corning, Inc., Corning Optical Communications Polska Sp zoo is a Polish company that manufactures fiber optic cables and telecommunications equipment. The private company is based in Strykow, Poland.

Electrical Products
Corning Display Technologies (Hefei) Co. Ltd.
Logo Corning Display Technologies (Hefei) Co. Ltd.

Corning Display Technologies (Hefei) Co. Ltd.

Computer PeripheralsElectronic Technology

Part of Corning, Inc., Corning Display Technologies (Hefei) Co. Ltd. is a Chinese company that manufactures computers and peripheral equipment. The private company is located in China.

Computer Peripherals
Corning Research & Development Corp.
Logo Corning Research & Development Corp.

Corning Research & Development Corp.

Miscellaneous Commercial ServicesCommercial Services

Part of Corning, Inc., Corning Research & Development Corp. engages in scientific research and development. The private company is located in the US.

Miscellaneous Commercial Services

Sector

Technology
Technology Equipment
Electronic Equipment & Parts
Electronic Equipment & Parts
Display Screens

Sales per Business

Sales per region

Ratings for Corning Incorporated

Trading Rating
Investor Rating
ESG Refinitiv
B+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
30.98 USD
Average target price
35.01 USD
Spread / Average Target
+13.00%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

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