Corning Inc - Company Profile
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Corning Inc (Corning) is a materials science company with a focus on glass, ceramics, and optical physics. The company's main activities include the development and manufacturing of products that serve various industries such as optical communications, mobile consumer electronics, display technology, automotive, and life sciences. It's major products include damage-resistant cover glass for mobile devices, precision glass for advanced displays, optical fiber, wireless technologies, and connectivity solutions for communications networks, as well as products for drug discovery and clean-air technologies for vehicles. Notable brands associated with the company include Corning Gorilla Glass. Corning's products are used by global leaders in their respective industries, ranging from telecommunications to automotive and healthcare. It operates research laboratories in the US. The company's business operations span 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
49,800
Industry
Technology and Communications
Ticker Symbol & Exchange
GLW (NYSE)
Revenue (2022)
$12.6B
-11.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
-55.9%
(2022 vs 2021)
Market Cap*
$26.4B
Net Profit Margin (2022)
XYZ
-50.2%
(2022 vs 2021)
* As of and is in US$
Corning Inc premium industry data and analytics
Products and Services
| Products | Brands |
|---|---|
| Advanced Optics | Corning |
| Gorilla Glass | Lotus |
| Display Glass | Astra Glass |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Contracts/Agreements | In March, the company collaborated with E& UAE to launch Fibre-to-the-Yacht connectivity at Yas Marina in Abu Dhabi, UAE. |
| 2024 | New Products/Services | In February, the company launched the Everon 5G Enterprise Radio Access Network (ERAN), a new indoor cellular solution. |
| 2023 | Contracts/Agreements | In December, the company announced a collaboration with Optiemus Infracom to open a manufacturing facility at Pillaipakkam Village, Tamil Nadu, India. |
Competitor Comparison
| Key Parameters | Corning Inc | Thermo Fisher Scientific Inc | Heraeus Holding GmbH | Danaher Corp | Prysmian SpA |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | Germany | United States of America | Italy |
| City | Corning | Waltham | Hanau | Washington | Milano |
| State/Province | New York | Massachusetts | Hessen | WashingtonD.C. | - |
| No. of Employees | 49,800 | 122,000 | 17,200 | 61,000 | 30,086 |
| Entity Type | Public | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Wendell P. Weeks | Chairman; Chief Executive Officer | Executive Board | 2007 | 64 |
| Lawrence D. McRae | Corporate Development Officer; Vice Chairman | Executive Board | 2020 | 65 |
| Edward A. Schlesinger | Executive Vice President; Chief Financial Officer | Senior Management | 2022 | 56 |
| Eric S. Musser | Chief Operating Officer; President | Senior Management | 2020 | 64 |
| Jeffrey W. Evenson | Chief Strategy Officer; Executive Vice President | Senior Management | 2018 | 58 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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