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Corning Incorporated
NYSE-GLW
Company Overview
Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. The company's Display Technologies segment offers glass substrates for liquid crystal displays and organic light-emitting diodes used in televisions, notebook computers, desktop monitors, tablets, and handheld devices. Its Optical Communications segment provides optical fibers and cables; and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures, network interface devices, and other accessories. This segment also offers its products to businesses, governments, and individuals. Its Specialty Materials segment manufactures products that provide material formulations for glass, glass ceramics, crystals, precision metrology instruments, software; as well as ultra-thin and ultra-flat glass wafers, substrates, tinted sunglasses, and radiation shielding products. This segment serves various industries, including mobile consumer electronics, semiconductor equipment optics and consumables; aerospace and defense optics; radiation shielding products, sunglasses, and telecommunications components. The company's Environmental Technologies segment offers ceramic substrates and filter products for emissions control in mobile, gasoline, and diesel applications. The company's Life Sciences segment offers laboratory products comprising consumables, such as plastic vessels, liquid handling plastics, specialty surfaces, cell culture media, and serum, as well as general labware and equipment under the Corning, Falcon, Pyrex, and Axygen brands. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.
Name
Corning Incorporated
CEO
Mr. Wendell P. Weeks
Website
www.corning.com
Sector
Electronic Equipment, Instruments and Components
Year Founded
1851
Profile
Market Cap
$34.78B
EV
$41.9B
Shares Out
855.7M
Revenue
$12.39B
Employees
49,800
Margins
Gross
34.38%
EBITDA
21.58%
Operating
10.61%
Pre-Tax
5.22%
Net
3.53%
FCF
7.57%
Returns (5Yr Avg)
ROA
3.57%
ROTA
9.18%
ROE
8.33%
ROCE
6.78%
ROIC
5.55%
Valuation (TTM)
P/E
—
P/B
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
EV/Gross Profit
—
Valuation (NTM)
Price Target
$43.52
P/E
—
PEG
—
EV/Sales
—
EV/EBITDA
—
P/FCF
—
Financial Health
Cash
$1,419M
Net Debt
$6,778M
Debt/Equity
0.75
EBIT/Interest
3.88
Growth (CAGR)
Rev 3Yr
-1.94%
Rev 5Yr
0.99%
Rev 10Yr
3.49%
Dil EPS 3Yr
-21.62%
Dil EPS 5Yr
-20.42%
Dil EPS 10Yr
-5.58%
Rev Fwd 2Yr
5.76%
EBITDA Fwd 2Yr
11.32%
EPS Fwd 2Yr
15.61%
EPS LT Growth Est
13.56%
Dividends
Yield
—
Payout
218.23%
DPS
$1.12
DPS Growth 3Yr
6.78%
DPS Growth 5Yr
8.06%
DPS Growth 10Yr
10.84%
DPS Growth Fwd 2Yr
9.66%