Corning Inc (Corning) is a manufacturer and marketer of ceramics, specialty glasses, and related materials. The company offers glass substrates that find application in LCD televisions, notebook computer, flat panel desktop monitors and laptops; optical fibers, cable, hardware, and equipment for telecommunications networks; ceramic substrates and filters for automotive and diesel applications; and glass and plastic labware, serum and equipment for drug discovery. It also manufactures advanced optics and specialty glasses for the semiconductor, consumer electronics, aerospace and defense, optics, and telecommunications markets. The company has business operations in the Americas, Europe, Asia-Pacific, the Middle East, and Africa. Corning is headquartered in Corning, New York, the US.
Headquarters
United States of America
Address
One Riverfront Plaza, Corning, New York, 14831
Website
www.corning.com
Telephone
1 607 9749000
No of Employees
61,200
Industry
Technology and Communications
Ticker Symbol & Exchange
GLW (NYSE)
Revenue (2021)
$14.1B
24.6%
(2021 vs 2020)
EPS
XXX
Net Income (2021)
XXX
272.3%
(2021 vs 2020)
Market Cap*
$26.6B
Net Profit Margin (2021)
XXX
198.9%
(2021 vs 2020)
* As of and is in US$
Products and Services
| Products | Brands |
|---|---|
| Display Technologies: | Corning |
| Glass Substrates | Lotus |
| Environmental Technologies: | Astra Glass |
| XXX | XXX |
| XXX | XXX |
| XXX | XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | Contracts/Agreements | In January, the company announced a supply and technology agreement with West Pharmaceutical Services, Inc to enable advanced drug containment and delivery system solutions. |
| 2022 | New Products/Services | In January, the company launched a new glass composition to advance the development of augmented and mixed reality diffractive waveguides for wearable devices. |
| 2021 | New Products/Services | In November, the company launched Corning Velocity Vials to help speed the delivery of COVID-19 vaccines. |
Competitor Comparison
| Key Parameters | Corning Inc | Thermo Fisher Scientific Inc | Danaher Corp | AGC Inc | Prysmian SpA |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | Japan | Italy |
| City | Corning | Waltham | Washington | Chiyoda-Ku | Milano |
| State/Province | New York | Massachusetts | WashingtonD.C. | Tokyo | - |
| No. of Employees | 61,200 | 130,000 | 78,000 | 55,999 | 30,381 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Operating Margin
EPS (Earnings per Share)
Debt to Equity Ratio
Return on Assets
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Wendell P. Weeks | Chairman; Chief Executive Officer | Executive Board | 2007 | 62 |
| Edward A. Schlesinger | Chief Financial Officer; Executive Vice President | Senior Management | 2022 | 55 |
| Eric S. Musser | President; Chief Operating Officer | Senior Management | 2020 | 62 |
| Jeffrey W. Evenson | Executive Vice President; Chief Strategy Officer | Senior Management | 2018 | 56 |
| Jaymin Amin | Chief Technology Officer; Senior Vice President | Senior Management | 2022 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2022 | XX |
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