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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 57,500 employees. In the US, the company has a notable market share in at least three industries: Glass Product Manufacturing, Fiber-Optic Cable Manufacturing, Automotive Glass Manufacturing and Glass Product Manufacturing. Their largest market share is in the Fiber-Optic Cable Manufacturing industry, where they account for an estimated 15.6% of total industry revenue and are considered a Disruptor because they display lower to medium market share that’s rising rapidly, but weaker profits compared to some of 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: 57500

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
    • AAAAA AAAAA

  • Fiber-Optic Cable Manufacturing in the US

    • Of the 3 core revenue-generating products and services in the Fiber-Optic Cable Manufacturing in the US industry, Corning Inc. offers:
    • Multimode-fiber cable
    • Other fiber cable
    • Single-mode-fiber cable

  • Automotive Glass Manufacturing in the US

    • Of the 4 core revenue-generating products and services in the Automotive Glass Manufacturing in the US industry, Corning Inc. offers:
    • Automotive mirrors
    • Electric glass products for automobiles
    • Flat glass
    • AAAAA AAAAA
error_outline To view Corning Inc.'s full products and services, see purchase options.

Corning Inc. - Analyst Insights

Corning partners with Hyundai

Heads-up display (HUD) technology is one of the fastest-growing automotive glass markets. In 2020 automakers sold nearly 5.0 million cars with HUD tech; in 2025, this number will eclipse 10.0 million vehicles. Corning has partnered with Hyundai to create high-quality mirrors, called the Corning Curved Mirror Solution, for Hyundai's latest cars. These mirrors will help project critical driving and safety information, like speed or navigation, several feet in front of the driver instead of on inconvenient dashboards. These innovations will catapult Corning to the forefront of the automotive glass manufacturing markets, especially with EV and luxury vehicle manufacturers.

Product Innovation|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, Fiber-Optic Cable Manufacturing in the US, and Automotive Glass Manufacturing in the US industries.
Strengths
Days Receivables: 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.
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
AAAAAA AAAAAA000000000000000000000000

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
AAAAAA AAAAAA000000000000000000000000

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
AAAAAA AAAAAA000000000000000000000000

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