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Corning Inc  (GLW)
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    Sector  Technology    Industry Communications Equipment


 

Corning Inc

GLW's Financial Statements and Analysis



Corning Inc reported in III. Quarter net earnings per share of $0.43 a decrease by -10.42 % year on year from $0.48 and an improvement compare to net loss per share of $-0.42 realized in previous quarter.


III. Quarter
Earnings Per Share Revenues
$ 0.43 $  3,615 Mill
$-0.05     -10.42 % $+614M     +20.46 %



Corning Inc's Revenue rose by 20.46 % in III. Quarter (Sep 30 2021) year on year, to $3,615 million and advanced by 3.26 % sequentially.


Corning Inc is Expected to report next financial results on February 11, 2022.

More on GLW's Income Statement





       
  • Telecommunications 16.62% Y/Y    
     
       
  • Display technologies -20.06% Y/Y,
• Environmental technologies -8.77% Y/Y,
• Life sciences -5.38% Y/Y,
• Other technologies businesses -8.72% Y/Y
   
     


GLW's Segments

Corning Inc's net income of $371 million in III. Quarter decreased by -13.11 % from net earnings of $427 million achieved in III. Quarter a year ago.

Sequentially net earnings fell by -17.37 % from net income of $449.00 million realized in previous quarter.

More on GLW's Growth

Corning Inc Income Growth by Division

• Environmental technologies -2.13% Y/Y • Telecommunications 26.23% Y/Y,
• Display technologies 7.45% Y/Y,
• Life sciences 0% Y/Y,
• Other technologies businesses 12.82% Y/Y

Inventories declined by -4.57 % to $2,463.00 million from III. Quarter a year ago, sequentially inventories rose by 3.18 %. In III. Quarter company's net cash and cash equivalents decreased by $-108 million, capital expenditures fell by 162.09%, to $-401 millions compare to same quarter a year ago and fell by 23.77% from II. Quarter (Jun 30 2021).

More on GLW's Cash flow Statement


Corning Inc payed out dividend of $0.87 per share in last 52 weeks representing 106.10 % of net earning per share in trailing twelve-month period.

During the same period Corning Inc earned $ 3.67 cash per share, on a free-cash flow basis 447.07 % of net earning per share.

Book value fell by -0.60 % sequentially to $14.32 per share.
Tangible Book value grew to $ 10.13 per share from $ 10.06.

Company issued 19.93 million shares or 2.36 % in III. Quarter.
Debt Coverage Ratio was 0.24.

More on GLW's Dividends

 Market Capitalization (Millions) 32,035
 Shares Outstanding (Millions) 863
 Total Debt (Millions $) 7,069
 Revenue (TTM) (Millions $) 13,756
 Net Income (TTM) (Millions $) 1,671
 Cash Flow (TTM) (Millions $) -302
 Capital Exp. (TTM) (Millions $) -1,405
 Dividend TTM ($) 0.87 $
 Dividend Yield TTM (%) 2.72 %
 Employees (TTM) $ 49,500




Corning Inc payed out dividend of $0.87 per share in last 52 weeks representing 106.10 % of net earning per share in trailing twelve-month period.

During the same period Corning Inc earned $ 3.67 cash per share, on a free-cash flow basis 447.07 % of net earning per share.

Book value fell by -0.60 % sequentially to $14.32 per share.
Tangible Book value grew to $ 10.13 per share from $ 10.06.

Company issued 19.93 million shares or 2.36 % in III. Quarter.
Debt Coverage Ratio was 0.24.

More on GLW's Balance Sheets

 Market Capitalization (Millions) 32,035
 Shares Outstanding (Millions) 863
 Total Debt (Millions $) 7,069
 Revenue (TTM) (Millions $) 13,756
 Net Income (TTM) (Millions $) 1,671
 Cash Flow (TTM) (Millions $) -302
 Capital Exp. (TTM) (Millions $) -1,405
 Dividend TTM ($) 0.87 $
 Dividend Yield TTM (%) 2.72 %
 Employees (TTM) $ 49,500


   



       
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