| Market Capitalization (Millions $) |
134,387 |
| Shares
Outstanding (Millions) |
871 |
| Employees |
67,200 |
| Revenues (TTM) (Millions $) |
16,321 |
| Net Income (TTM) (Millions $) |
1,965 |
| Cash Flow (TTM) (Millions $) |
420 |
| Capital Exp. (TTM) (Millions $) |
1,406 |
Business Description
Corning Incorporated is a global technology-based corporation with a rich history dating back to 1851. Originally founded as a glass-making company, it has evolved into a leader in the production of materials and technologies for a variety of industries. Corning operates through two main business segments: Telecommunications and Display Technologies.
Telecommunications Segment
In the Telecommunications segment, Corning provides a wide range of products designed for optical connectivity. This includes cable assemblies, fiber optic hardware, connectors, optical components, splice equipment, and test equipment. For broadband access, their offerings feature closures, subscriber demarcation devices, and outside plant enclosures among others. Corning’s fiber-to-the-premises solutions combine various product lines to deliver comprehensive connectivity options. The company boasts manufacturing facilities located in North Carolina and Texas, as well as facilities in Europe, Mexico, China, and the Caribbean. Additionally, Corning Gilbert Inc. a subsidiary, specializes in products for the cable television industry, such as coaxial connectors and associated tools, with manufacturing operations in Arizona and Denmark.
Display Technologies Segment
The Display Technologies segment focuses on manufacturing glass substrates, primarily utilized in active matrix liquid crystal displays (LCDs) for devices like notebook computers, flat panel monitors, and televisions. Corning operates facilities in Kentucky, Japan, and Taiwan, and holds a 50% stake in Samsung Corning Precision Glass Co. Ltd. in South Korea. The proprietary fusion forming technology developed by Corning plays a significant role in producing high-quality glass substrates, which are primarily sold to LCD panel manufacturers in Japan, Korea, and Taiwan.
Competitive Landscape
Corning faces significant competition in its segments. In the optical fiber products market, its key rivals include Furukawa (which includes OFS), Fujikura, Sumitomo, Alcatel, Pirelli, and Draka, with Furukawa being its largest competitor. For optical fiber cable products, competitors also include Alcoa Fujikura and Sumitomo.
In the hardware and equipment sector, significant competitors are 3M, Tyco Electronics, OFS, CommScope Connectivity Systems, ADC Communications, and Marconi. Meanwhile, in the display glass substrates field, Corning competes with Asahi Glass, Nippon Electric Glass, and NH Techno, all of whom are actively vying for market share.
Cornings sustained innovation and strategic partnerships are essential as it navigates competition and evolving market demands in both telecommunications and display technologies.
Company Address: One Riverfront Plaza Corning 14831 NY
Company Phone Number: 974-9000 Stock Exchange / Ticker: NYSE GLW
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