corning inc. - GLW

GLW

Close Chg Chg %
50.80 -0.32 -0.63%

Closed Market

50.48

-0.32 (0.63%)

Volume: 2.98M

Last Updated:

Jun 17, 2025, 3:59 PM EDT

Company Overview: corning inc. - GLW

GLW Key Data

Open

$50.40

Day Range

50.37 - 51.09

52 Week Range

37.19 - 55.33

Market Cap

$43.49B

Shares Outstanding

856.47M

Public Float

782.78M

Beta

1.10

Rev. Per Employee

N/A

P/E Ratio

97.17

EPS

$0.53

Yield

220.56%

Dividend

$0.28

EX-DIVIDEND DATE

May 30, 2025

SHORT INTEREST

N/A

AVERAGE VOLUME

5.16M

 

GLW Performance

1 Week
 
2.38%
 
1 Month
 
5.31%
 
3 Months
 
4.64%
 
1 Year
 
26.79%
 
5 Years
 
90.19%
 

GLW Analyst Ratings

  • Sell
  • Under
  • Hold
  • Over
  • Buy
Number of Ratings 17
Full Ratings ➔

About corning inc. - GLW

Corning, Inc. engages in the provision of glass for notebook computers, flat panel desktop monitors, display televisions, and other information display applications, carrier network and enterprise network products for the telecommunications industry, ceramic substrates for gasoline and diesel engines in automotive and heavy-duty vehicle markets, laboratory products for the scientific community and polymer products for biotechnology applications, optical materials for the semiconductor industry and the scientific community, and polycrystalline silicon products and other technologies. It operates through the following segments: Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies, and Life Sciences. The Optical Communications segment is classified into two main product groupings: carrier and enterprise network. The carrier network group consists of products and solutions for optical-based communications infrastructure for services such as video, data, and voice communications. The enterprise network group consists primarily of optical-based communication networks sold to businesses, governments, and individuals for their own use. The Display Technologies segment manufactures glass substrates for flat panel displays, including organic light-emitting diodes and liquid crystal displays that are used primarily in televisions, notebook computer, desktop monitors, tablets, and handheld devices. The Specialty Materials segment is involved in the manufacture of products that provide material formulations for glass, glass ceramics and crystals, and precision metrology instruments and software. The Environmental Technologies segment focuses on manufacturing ceramic substrates and filter products for emissions control in mobile applications. The Life Sciences segment develops, manufactures, and supplies laboratory products. The company was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.

GLW At a Glance

Corning, Inc.
One Riverfront Plaza
Corning, New York 14831
Phone 1-607-974-9000 Revenue 13.14B
Industry Electronic Components Net Income 506.00M
Sector Electronic Technology 2024 Sales Growth 4.353%
Fiscal Year-end 12 / 2025 Employees 56,300
View SEC Filings

GLW Valuation

P/E Current 97.168
P/E Ratio (with extraordinary items) N/A
P/E Ratio (without extraordinary items) 81.607
Price to Sales Ratio 3.144
Price to Book Ratio 3.615
Price to Cash Flow Ratio 21.297
Enterprise Value to EBITDA 16.766
Enterprise Value to Sales 3.654
Total Debt to Enterprise Value 0.169

GLW Efficiency

Revenue/Employee 233,321.492
Income Per Employee 8,987.567
Receivables Turnover 6.398
Total Asset Turnover 0.467

GLW Liquidity

Current Ratio 1.625
Quick Ratio 1.071
Cash Ratio 0.359

GLW Profitability

Gross Margin 31.41
Operating Margin 11.518
Pretax Margin 6.189
Net Margin 3.852
Return on Assets 1.80
Return on Equity 4.551
Return on Total Capital 2.695
Return on Invested Capital 2.666

GLW Capital Structure

Total Debt to Total Equity 75.716
Total Debt to Total Capital 43.09
Total Debt to Total Assets 29.173
Long-Term Debt to Equity 71.776
Long-Term Debt to Total Capital 40.848
  • Income Statement
  • Balance Sheet
  • Cash Flow Statement

Annual Financials for Corning Inc. - GLW

Collapse All in section
All values USD millions. 2021 2022 2023 2024 5-year trend
Sales/Revenue
14.07B 14.14B 12.59B 13.14B
Sales Growth
+24.39% +0.49% -10.96% +4.35%
Cost of Goods Sold (COGS) incl D&A
9.11B 9.50B 8.54B 9.01B
COGS excluding D&A
- - - -
-
Depreciation & Amortization Expense
1.48B 1.45B 1.37B 1.35B
Depreciation
1.35B 1.33B 1.25B 1.23B
Amortization of Intangibles
129.00M 123.00M 122.00M 121.00M
COGS Growth
+22.03% +4.33% -10.06% +5.44%
Gross Income
4.96B 4.64B 4.04B 4.13B
Gross Income Growth
+28.96% -6.55% -12.79% +2.05%
Gross Profit Margin
+35.26% +32.79% +32.12% +31.41%
2021 2022 2023 2024 5-year trend
SG&A Expense
2.82B 2.88B 2.78B 2.61B
Research & Development
994.00M 1.03B 1.03B 1.09B
Other SG&A
1.83B 1.85B 1.75B 1.52B
SGA Growth
+10.31% +1.91% -3.34% -6.07%
Other Operating Expense
- - - -
-
Unusual Expense
(314.00M) 7.00M 506.00M 517.00M
EBIT after Unusual Expense
2.45B 1.75B 755.00M 996.00M
Non Operating Income/Expense
246.00M 338.00M 390.00M 146.00M
Non-Operating Interest Income
11.00M 15.00M 38.00M 47.00M
Equity in Earnings of Affiliates
- - - 35.00M
-
Interest Expense
300.00M 292.00M 329.00M 329.00M
Interest Expense Growth
- +8.70% -2.67% +12.67%
Gross Interest Expense
336.00M 340.00M 329.00M 329.00M
Interest Capitalized
- - 36.00M 48.00M
-
Pretax Income
2.40B 1.80B 816.00M 813.00M
Pretax Income Growth
+284.75% -25.03% -54.59% -0.37%
Pretax Margin
+17.04% +12.71% +6.48% +6.19%
Income Tax
491.00M 411.00M 168.00M 221.00M
Income Tax - Current - Domestic
185.00M 207.00M 95.00M 83.00M
Income Tax - Current - Foreign
290.00M 250.00M 148.00M 171.00M
Income Tax - Deferred - Domestic
104.00M (60.00M) (83.00M) (69.00M)
Income Tax - Deferred - Foreign
(88.00M) 14.00M 8.00M 36.00M
Income Tax Credits
- - - -
-
Equity in Earnings of Affiliates
- - - 35.00M
-
Other After Tax Income (Expense)
- - - -
-
Consolidated Net Income
1.91B 1.39B 648.00M 592.00M
Minority Interest Expense
- 70.00M 67.00M 86.00M
Net Income
1.91B 1.32B 581.00M 506.00M
Net Income Growth
+272.27% -30.95% -55.85% -12.91%
Net Margin Growth
+13.55% +9.31% +4.62% +3.85%
Extraordinaries & Discontinued Operations
- - - -
-
Discontinued Operations
- - - -
-
Net Income After Extraordinaries
1.91B 1.32B 581.00M 506.00M
Preferred Dividends
- - - 827.00M
-
Net Income Available to Common
1.08B 1.32B 581.00M 506.00M
EPS (Basic)
1.3031 1.5611 0.6851 0.5932
EPS (Basic) Growth
+139.54% +19.80% -56.11% -13.41%
Basic Shares Outstanding
828.00M 843.00M 848.00M 853.00M
EPS (Diluted)
1.2784 1.5356 0.6764 0.5823
EPS (Diluted) Growth
+138.37% +20.12% -55.95% -13.91%
Diluted Shares Outstanding
844.00M 857.00M 859.00M 869.00M
EBITDA
3.62B 3.21B 2.63B 2.86B
EBITDA Growth
+28.89% -11.28% -18.07% +8.86%
EBITDA Margin
+25.72% +22.71% +20.89% +21.80%

Snapshot

Average Recommendation OVERWEIGHT Average Target Price 53.917
Number of Ratings 17 Current Quarters Estimate 0.567
FY Report Date 06 / 2025 Current Year's Estimate 2.35
Last Quarter’s Earnings 0.54 Median PE on CY Estimate N/A
Year Ago Earnings 1.96 Next Fiscal Year Estimate 2.707
Median PE on Next FY Estimate N/A

Earnings Per Share

This Quarter Next Quarter This Fiscal Next Fiscal
# of Estimates 11 11 13 13
Mean Estimate 0.57 0.61 2.35 2.71
High Estimates 0.57 0.64 2.41 2.85
Low Estimate 0.56 0.59 2.28 2.58
Coefficient of Variance 0.82 2.41 1.62 3.42

Analysts Recommendations

Current 1 Month Ago 3 Months Ago
BUY 10 10 10
OVERWEIGHT 1 1 1
HOLD 6 6 6
UNDERWEIGHT 0 0 0
SELL 0 0 0
MEAN Overweight Overweight Overweight

Insider Actions for Corning Inc. - GLW

Date Name Shares Transaction Value
May 14, 2025 John Z. Zhang Exec. Vice President & CCDO 9,610 Open market or private sale of non-derivative or derivative security Non-derivative transaction at $46.91 per share 450,805.10
May 2, 2025 Michael Alan Bell N/A Open market or private sale of non-derivative or derivative security Non-derivative transaction at $44.06 per share 0.00
May 2, 2025 Michael Paul Oday SVP and GM, Optical Comm. 50,622 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $44.1 per share 2,232,430.20
Apr 18, 2025 Edward A. Schlesinger Exec. Vice President and CFO N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Apr 18, 2025 Michael Paul Oday SVP and GM, Optical Comm. N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Apr 18, 2025 Wendell P. Weeks Chairman and CEO; Director N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Apr 18, 2025 Lewis A. Steverson EVP and CLAO N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Apr 18, 2025 Lewis A. Steverson EVP and CLAO 92,964 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Apr 18, 2025 Wendell P. Weeks Chairman and CEO; Director 891,398 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $41.78 per share 37,242,608.44
Apr 18, 2025 Wendell P. Weeks Chairman and CEO; Director 1,013,461 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Apr 18, 2025 Wendell P. Weeks Chairman and CEO; Director 912,998 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Apr 18, 2025 Eric S. Musser President and COO N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Apr 18, 2025 Eric S. Musser President and COO N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Apr 18, 2025 Edward A. Schlesinger Exec. Vice President and CFO N/A Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Apr 18, 2025 Edward A. Schlesinger Exec. Vice President and CFO 100,416 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Apr 18, 2025 Edward A. Schlesinger Exec. Vice President and CFO 96,862 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $41.78 per share 4,046,894.36
Apr 18, 2025 Edward A. Schlesinger Exec. Vice President and CFO 116,030 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Apr 18, 2025 Eric S. Musser President and COO 203,130 Payment of exercise price or tax liability by delivering/withholding secs incident to the receipt/exercise/vesting pursuant to Rule 16b-3 Non-derivative transaction at $41.78 per share 8,486,771.40
Apr 18, 2025 Eric S. Musser President and COO 248,864 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00
Apr 18, 2025 Eric S. Musser President and COO 211,346 Exercise or conversion of derivative security exempted pursuant to Rule 16b-3 0.00

Corning Inc. in the News