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Corning Inc  (GLW)
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    Sector  Technology    Industry Communications Equipment
 



 

What are Corning Inc's Business Segments?



Telecommunications Segment

The Telecommunications segment produces optical fiber and cable and hardware and equipment products for the worldwide telecommunications industry. Corning invented the first low-loss optical fiber products more than 30 years ago and offers a range of optical fiber technology products and enhancements for a variety of applications, including premises, access, metropolitan, long-haul and submarine networks. Corning makes and sells InfiniCor(R) fibers for local area networks, data centers and central offices; SMF-28e(R) single mode optical fiber products providing additional transmission wavelengths in metropolitan and access networks; MetroCor(R) fiber products for metropolitan networks; LEAF(R) optical fiber products for long-haul, regional and metropolitan networks; and Vascade(R) submarine optical fibers for use in undersea networks. Corning has two large optical fiber manufacturing facilities in North Carolina, as well as a controlling interest in Shanghai Fiber Optics Co., Ltd. in China. As a result of lowered demand for optical fiber products, in 2002 Corning mothballed its optical fiber manufacturing facility in Concord, North Carolina and transferred certain capabilities to its Wilmington, North Carolina facility. Corning believes that the Concord facility can be returned to productive capacity within six to nine months of a decision to reopen.

Corning's hardware and equipment products include cable assemblies, fiber optic hardware, fiber optic connectors, optical components and couplers, splice equipment, test equipment and accessories for optical connectivity. For broadband access, Corning's products include closures, subscriber demarcation, connection and protection devices, xDSL passive solutions, outside plant enclosures, and plastic pedestals. Each of the product lines may be combined in Corning's fiber-to-the-premises solutions. Corning has manufacturing operations for hardware and equipment products in North Carolina and Texas, as well as Europe, Mexico, China, and the Caribbean. Corning Gilbert Inc. offers products for the cable television industry, including coaxial connectors and associated tools. Corning Gilbert has manufacturing operations for coaxial connectors and associated assembly tools in Arizona and Denmark.

Technologies Segment

The Technologies segment manufactures specialized products with unique properties for customer applications utilizing glass, glass ceramic and polymer technologies. Businesses within this segment include liquid crystal display glass for flat panel displays, environmental products, life science products, specialty materials products, and glass panels and funnels for televisions.

Corning's display technologies business manufactures glass substrates products primarily for active matrix liquid crystal displays, which are used primarily in notebook computers, flat panel desktop monitors, and flat panel color televisions. Corning's facilities in Kentucky, Japan and Taiwan and its 50% interest in Samsung Corning Precision Glass Co., Ltd. ("Samsung Corning Precision") in South Korea develop, manufacture and supply high quality glass substrates products using a proprietary fusion forming technology and know-how. Samsung affiliates own the remaining 50% interest in Samsung Corning Precision. These glass substrates products are sold primarily in Japan, Korea and Taiwan to manufacturers of liquid crystal display panels.

Life sciences laboratory products include microplate products, coated slides, filter plates for genomics sample preparation, plastic cell culture dishes, flasks, cryogenic vials, roller bottles, mass cell culture products, liquid handling instruments, Pyrex(R) glass beakers, pipettors, serological pipettes, centrifuge tubes and laboratory filtration products. Corning sells products under 3 brands: Corning, Costar and Pyrex. Corning manufactures these products in Maine, New York, England and Mexico and markets them worldwide primarily through large distributors to government entities, pharmaceutical and biotechnology companies, hospitals, universities and other laboratories.

Environmental Technologies manufactures ceramic substrates and filters for automobile and diesel applications.

   

Corning Inc Tax Rate Companies within the Communications Equipment Industry


Corning Inc Segments

 
Telecommunications
   34.31 % of total Revenue
Display technologies
   33.83 % of total Revenue
Environmental technologies
   11.15 % of total Revenue
Life sciences
   9.05 % of total Revenue
Other technologies businesses
   11.66 % of total Revenue
 

Business Segments (June 30. 2015)
Revenues
(in millions $)
II. Quarter
%
(of total Revenues)
(June 30. 2015)
Income
(in millions $)
II. Quarter
%
(Profit Margin)
Telecommunications
800.00 34.31 % 77.00 9.63 %
Display technologies
789.00 33.83 % 303.00 38.4 %
Environmental technologies
260.00 11.15 % 46.00 17.69 %
Life sciences
211.00 9.05 % 18.00 8.53 %
Other technologies businesses
272.00 11.66 % 44.00 16.18 %
Total
2,332.00 100 % 488.00 20.93 %

• Corning Inc Income Statement • Corning Inc supply chain • Revenue growth ranking by company and industry

Growth rates by Segment (June 30. 2015)
Y/Y Revenue
%
II. Quarter
Q/Q Revenue
%
(June 30. 2015)
Y/Y Income
%
II. Quarter
Q/Q Income
%
Telecommunications
16.62 % 14.78 % 26.23 % 35.09 %
Display technologies
-20.06 % -2.35 % 7.45 % 3.06 %
Environmental technologies
-8.77 % -7.8 % -2.13 % -4.17 %
Life sciences
-5.38 % 7.11 % 0 % 12.5 %
Other technologies businesses
-8.72 % 0 % 12.82 % 15.79 %
Total
-5.93 % 3.37 % 9.17 % 7.73 %

• Corning Inc Growth Comparisons Corning Inc Profile • Corning Inc Market Share

To get more information on Corning Inc's Telecommunications, Display technologies, Environmental technologies, Life sciences, Other technologies businesses, Total segment. Select each division with the arrow.


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