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GLW Corning

Corning is one of the world's leading innovators in materials science, with a 169-year track record of life-changing inventions. Corning applies its unparalleled expertise in glass science, ceramic science, and optical physics along with its deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display, automotive, and life sciences.

Company profile

Ticker
GLW
Exchange
NYSE
Website
www.corning.com
CEO
Wendell Weeks
Employees
Incorporated
New York
Location
New York
Fiscal year end
Dec 31
Sector
Manufacturing > Bare Printed Circuit Board Manufacturing
Industry (SIC)
Drawing & Insulating of Nonferrous Wire
Belden • Asia Pacific Wire & Cable • Optical Cable • General Cable ...
SEC CIK
0000024741
Corporate docs
IRS number
160393470

GLW stock data

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News

Pro users get this 30m faster
Morgan Stanley Maintains Equal-Weight on Corning, Raises Price Target to $42
28 Jul 21
Morgan Stanley maintains Corning (NYSE:GLW) with a Equal-Weight and raises the price target from $40 to $42.
Corning Beats On Q2 Earnings, Posts Strong Segmental Growth And Margin Expansion, Issues Q3 Guidance
27 Jul 21
Corning: Q2 Earnings Insights
27 Jul 21
Shares of Corning (NYSE:GLW) remained unaffected after the company reported Q2 results. Quarterly Results Earnings per share increased 112.00% over the past year to $0.53, which beat the estimate of $0.51.
Corning Q2 Adj. EPS $0.53 Beats $0.51 Estimate, Sales $3.50B Beat $3.40B Estimate
27 Jul 21
Earnings Scheduled For July 27, 2021
27 Jul 21

Press releases

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Corning Reports Outstanding Second-Quarter 2021 Results, Expects Continued Growth in Third Quarter
27 Jul 21
CORNING, N.Y., July 27, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced results for the second quarter ended June 30, 2021, and provided an outlook for the third quarter of 2021. GAAP and
Corning Partners with Hyundai Mobis to Enable Augmented Reality Head-Up Display Systems
26 Jul 21
CORNING, N.Y. , July 26, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced a new product category for its Automotive Glass Solutions. Corning® Curved Mirror Solutions are now key components
Corning Expands Corning® Gorilla® Glass Composite Products to Optimize Performance of Mobile Device Cameras
22 Jul 21
CORNING, N.Y., July 22, 2021 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE:GLW) today announced a new category for its scratch-resistant and durable glass composite products, Corning® Gorilla® Glass with DX
Corning Announces Quarterly Dividend
30 Jun 21
Corning Appoints Pamela J. Craig to its Board of Directors
29 Jun 21

Calendar

27 Jul 21
31 Jul 21
31 Dec 21

Financial summary

Financial statements Chart GLW financial data
Quarter (USD)
 Jun 21 Mar 21 Dec 20 Sep 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
 Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Corning earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 2.32B 2.32B 2.32B 2.32B 2.32B 2.32B
Cash burn (monthly) 182.67M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) 186.09M n/a n/a n/a n/a n/a
Cash remaining 2.13B n/a n/a n/a n/a n/a
Runway (months of cash) 11.7 n/a n/a n/a n/a n/a

Beta Read what these cash burn values mean

Recent insider trades

GLW insider ownership history Insider history
Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
26 Jul 21 France Robert P. Common Stock Sell Dispose S No No 41.162 6,660 274.14K 30,000
26 Jul 21 France Robert P. Common Stock Sell Dispose S No No 41.1508 1,104 45.43K 36,660
26 Jul 21 France Robert P. Common Stock Option exercise Aquire M No No 27.03 6,660 180.02K 37,764
26 Jul 21 France Robert P. Common Stock Option exercise Aquire M No No 19.65 1,104 21.69K 31,104
26 Jul 21 France Robert P. Stock Options Common Stock Option exercise Dispose M No No 27.03 6,660 180.02K 0
26 Jul 21 France Robert P. Stock Options Common Stock Option exercise Dispose M No No 19.65 1,104 21.69K 3,859
30 Jun 21 Craig Pamela J. RSU Common Stock Grant Aquire A No No 40.9 2,384 97.51K 2,384
30 Jun 21 Blair Donald W RSU Common Stock Grant Aquire A No No 40.9 844 34.52K 37,310
30 Jun 21 Burns Stephanie RSU Common Stock Grant Aquire A No No 40.9 701 28.67K 12,502
30 Jun 21 Henretta Deborah A RSU Common Stock Grant Aquire A No No 40.9 556 22.74K 30,468
Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q1 2021

GLW institutional ownership history Ownership history

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

80.4% owned by funds/institutions
13F holders
 Current Prev Q Change
Total holders 1084 1033 +4.9%
Opened positions 136 172 -20.9%
Closed positions 85 61 +39.3%
Increased positions 367 324 +13.3%
Reduced positions 366 361 +1.4%
13F shares
 Current Prev Q Change
Total value 29.23B 26.06B +12.2%
Total shares 686.8M 572.95M +19.9%
Total puts 2.72M 3.04M -10.8%
Total calls 4.28M 5.11M -16.3%
Total put/call ratio 0.6 0.6 +6.6%
Largest owners
 Shares Value Change
Samsung Display 115M $4.35B NEW
Vanguard 90.11M $3.92B +6.4%
Wellington Management 57.1M $2.48B +15.0%
BLK Blackrock 54.1M $2.35B +4.3%
STT State Street 38.09M $1.66B -2.2%
TROW T. Rowe Price 16.86M $733.67M -3.1%
State Farm Mutual Automobile Insurance 16.19M $704.24M 0.0%
Geode Capital Management 12.85M $557.71M +0.8%
AMP Ameriprise Financial 12.03M $525.81M +5.0%
Primecap Management 11.76M $511.64M -5.5%
Largest transactions
 Shares Bought/sold Change
Samsung Display 115M +115M NEW
Norges Bank 0 -7.8M EXIT
Loomis Sayles & Co L P 1.75M -7.64M -81.3%
Wellington Management 57.1M +7.46M +15.0%
Vanguard 90.11M +5.46M +6.4%
American Century Companies 2.78M +2.74M +6749.5%
BEN Franklin Resources 333.11K -2.33M -87.5%
BLK Blackrock 54.1M +2.22M +4.3%
MS Morgan Stanley 6.3M -2.21M -26.0%
Holocene Advisors 2.65M +2.06M +347.7%
Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

?
Competition
Preformed Line Products • Westell • CommScope Holding • Ameritek Ventures
Content analysis
?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
New words: cap, cloud, departure, differential, driver, fully, Korea, percent, removed, SDC, slight, thousand, unconsolidated, vi
Removed: awarded, beginning, factor, implemented, issuance, larger, LTI, notably, opportunity, targeted
From filing 10-Q 2021 Q2

Financial reports

View all
10-Q
2021 Q2
Quarterly report
27 Jul 21
10-Q
2021 Q1
Quarterly report
30 Apr 21
10-K
2020 FY
Annual report
12 Feb 21
10-Q
2020 Q3
Quarterly report
29 Oct 20
10-Q
2020 Q3
Quarterly report
30 Jul 20
10-Q
2020 Q1
Quarterly report
5 May 20
10-K
2019 FY
Annual report
17 Feb 20
10-Q
2019 Q3
Quarterly report
30 Oct 19
10-Q
2019 Q2
Quarterly report
31 Jul 19
10-Q
2019 Q1
Quarterly report
3 May 19

Current reports

View all
8-K
Corning Reports Outstanding Second-Quarter 2021 Results,  Expects Continued Growth in Third Quarter
27 Jul 21
8-K
Corning Appoints Pamela J. Craig to its Board of Directors
29 Jun 21
8-K
Departure of Directors or Certain Officers
10 Jun 21
8-K
Submission of Matters to a Vote of Security Holders
29 Apr 21
8-K
Corning's First-Quarter Results Reflect Strong Start to 2021
27 Apr 21
8-K
Entry into a Material Definitive Agreement
5 Apr 21
8-K
Amendments to Articles of Incorporation or Bylaws
4 Feb 21
8-K
Departure of Directors or Certain Officers
3 Feb 21
8-K
Corning Reports Full-Year 2020 Results Highlighted by Strong Fourth Quarter with Growth in All Segments
27 Jan 21
8-K
Corning Reports Third-Quarter 2020 Results
27 Oct 20

Registration and prospectus

View all
S-8
Registration of securities for employees
30 Apr 21
S-3ASR
Automatic shelf registration
4 Dec 20
424B2
Prospectus for primary offering
15 Nov 19
FWP
Free writing prospectus
14 Nov 19
424B2
Prospectus for primary offering
14 Nov 19
424B2
Prospectus for primary offering
6 Aug 19
FWP
Free writing prospectus
6 Aug 19
424B2
Prospectus for primary offering
31 Jul 19
S-8
Registration of securities for employees
6 May 19
424B2
Prospectus for primary offering
1 Nov 18

Proxies

View all
DEFA14A
Additional proxy soliciting materials
23 Mar 21
DEFA14A
Additional proxy soliciting materials
18 Mar 21
DEF 14A
Definitive proxy
18 Mar 21
DEFA14A
Additional proxy soliciting materials
10 Apr 20
DEFA14A
Additional proxy soliciting materials
30 Mar 20
DEFA14A
Additional proxy soliciting materials
20 Mar 20
DEF 14A
Definitive proxy
20 Mar 20
DEFA14A
Additional proxy soliciting materials
22 Mar 19
DEF 14A
Definitive proxy
22 Mar 19
DEF 14A
Definitive proxy
15 Mar 18

Other

View all
SD
Conflict minerals disclosure
28 May 21
SD
Conflict minerals disclosure
29 May 20
SD
Conflict minerals disclosure
30 May 19
SD
Conflict minerals disclosure
30 May 18
SD
Conflict minerals disclosure
29 May 17
UPLOAD
Letter from SEC
12 Apr 17
CORRESP
Correspondence with SEC
6 Apr 17
UPLOAD
Letter from SEC
30 Mar 17
SD
Conflict minerals disclosure
30 May 16
SD
Conflict minerals disclosure
28 May 15

Ownership

View all
4
CORNING / Robert P. France ownership change
28 Jul 21
4
CORNING / Kevin J Martin ownership change
2 Jul 21
4
CORNING / DEBORAH A HENRETTA ownership change
2 Jul 21
4
CORNING / Roger W. Jr. Ferguson ownership change
2 Jul 21
4
CORNING / ROBERT F CUMMINGS JR ownership change
2 Jul 21
4
CORNING / STEPHANIE BURNS ownership change
2 Jul 21
4
CORNING / DONALD W BLAIR ownership change
2 Jul 21
4
CORNING / Pamela J. Craig ownership change
2 Jul 21
3
CORNING / Pamela J. Craig ownership change
29 Jun 21
4
CORNING / LEWIS A STEVERSON ownership change
17 Jun 21

Patents

View all
APP
Utility
Methods of Separating a Glass Web
29 Jul 21
Methods of separating a glass web that is moving at a glass web velocity.
APP
Utility
Camera Module
29 Jul 21
The present invention provides a camera module includes a lens assembly comprising a liquid lens and at least one solid lens disposed above or below the liquid lens, the liquid lens comprising a plurality of individual electrodes and a common electrode; a driving driver configured to supply a voltage through the common electrode and at least one of the plurality of individual electrodes in the liquid lens in order to control an interface of the liquid lens; a capacitance measurement circuit configured to measure capacitance between the common electrode and at least one of the plurality of individual electrodes in the liquid lens; an operation state storage unit configured to store information on capacitance that varies depending on variation in temperature in the liquid lens; and a control unit to determine a temperature in the liquid lens based on the capacitance measured by the capacitance measurement circuit and the information.
APP
Utility
Optical Fiber Draw Furnace System and Method
29 Jul 21
An optical fiber draw system and method of operating thereof.
APP
Utility
Low Alkali High Transmission Glasses
29 Jul 21
Compounds, compositions, articles, devices, and methods for the manufacture of light guide plates and back light units including such light guide plates made from glass.
APP
Utility
Articles with a Low-elastic Modulus Layer and Retained Strength
29 Jul 21
One or more aspects of the disclosure pertain to an article including a film disposed on a glass substrate, which may be strengthened, where the interface between the film and the glass substrate is modified, such that the article has an improved average flexural strength, and the film retains key functional properties for its application.

Transcripts

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2021 Q2
Earnings call transcript
27 Jul 21
2021 Q1
Earnings call transcript
27 Apr 21
2020 Q4
Earnings call transcript
27 Jan 21
2020 Q3
Earnings call transcript
27 Oct 20
2020 Q2
Earnings call transcript
28 Jul 20
2020 Q1
Earnings call transcript
28 Apr 20
2019 Q4
Earnings call transcript
29 Jan 20
2019 Q3
Earnings call transcript
29 Oct 19
2019 Q2
Earnings call transcript
30 Jul 19
2019 Q1
Earnings call transcript
30 Apr 19

Reddit threads

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