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Corning Inc. - Company Profile

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Corning Inc. - Overview

Brands
Axygen, Corning, Falcon, Gorilla Glass, Gosselin
Description
Corning is a public company headquartered in New York with an estimated 61,200 employees. In the US, the company has a notable market share in at least one industry: Glass Product Manufacturing, where they account for an estimated 8.0% of total industry revenue and are considered an All Star because they display stronger market share, profit and revenue growth compared to their peers.
Company Details

Registered Name: Corning Inc.

Company Type: Operating

Exchange: NYSE

Headquarters: One Riverfront Plaza Corning NY 14831

Website: http://www.corning.com/

Employees: 61200

Corning Inc. - Operating Industries and Main Competitors

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Corning Inc. - Products and Services

  • Glass Product Manufacturing in the US

  • Of the 4 core revenue-generating products and services in the Glass Product Manufacturing in the US industry, Corning Inc. offers:
    • Flat glass
    • Glass containers
    • Glass products made from purchased glass
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Corning Inc. - Analyst Insights

Corning to jump into the augmented reality field

In early 2022 Corning announced the launch of a glass composition that will progress the augmented/ mixed reality development. The benefit of this new technology they created is the much larger, clearer field of view. This new glass composition will enable the production of wearable augmented reality technology. The company estimates that this technology will advance the augmented/ mixed reality market for the next decade. Though this is historically has not been a market for Corning, their superior knowledge of glass allows them to be dominant.

Competition|New Activity


In response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.

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Corning Inc. - SWOT Analysis

Strengths and weaknesses take into account internal factors, and are based on Corning Inc.'s performance in comparison to its competitors. Opportunities and Threats focus on external influences, and are based on trends and demand in the Glass Product Manufacturing in the US industry.
Strengths
Days Receivables: x.x%
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Rank: 2 of 3 peers
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Annual Turnover: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Weaknesses
Credit Risk: x.x%
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Revenue per Employee: $xx
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Rank: 2 of 3 peers
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book.
Opportunities
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Threats
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Corning Inc. - Financial Statements & Ratios

pie_chartCorning Inc. Income Statement

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Revenue14,082.011,303.011,503.011,290.010,116.09,390.0
Cost of Revenue000000000000000000000000
Cost of Revenue, Non-Cash000000000000000000000000
Gross Profit000000000000000000000000
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pie_chartCorning Inc. Balance Sheet

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Cash and EquivalentsN/AN/AN/A2,355.04,317.05,291.0
Short-Term Investments000000000000000000000000
Derivative Assets, Current000000000000000000000000
Restricted Cash and Investments000000000000000000000000
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pie_chartCorning Inc. Cash Flow

BALANCE DATE12/31/202112/31/202012/31/201912/31/201812/31/201712/31/2016
Net Income1,935.0523.0979.01,090.0-479.03,705.0
Income (Loss) From Discontinued Operations000000000000000000000000
Depreciation, Depletion and Amortization000000000000000000000000
Amortization of Financing Costs and Discounts000000000000000000000000
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