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Corning Inc. - Company Profile

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Corning Inc. - Overview

Brands
Axygen, Corning, Falcon, Gorilla Glass, Gosselin
Description
Corning Inc. is a public company headquartered in New York with an estimated 46,200 employees. In the US, the company has a notable market share in at least two industries: Fiber-Optic Cable 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 an Incumbent because they display strong market share, but lower profit and revenue growth than 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: 46200

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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  • Fiber-Optic Cable Manufacturing

  • Of the 3 core revenue-generating products and services in the Fiber-Optic Cable Manufacturing industry, Corning Inc. offers:
    • Multimode-fiber cable
    • Other fiber cable
    • Single-mode-fiber cable
error_outline To view Corning Inc.'s full products and services, see purchase options.

Corning Inc. - Analyst Insights

Corning appoints new Chief Financial Officer

At the end of 2021 the company announced the retiring of their Chief Financial Officer (CFO) Tony Tripeny, in tandem with his replacement. In February, 2022 Edward Schlesinger is expected to take over as the new CFO. As Schlesinger is installed as the new CFO, the company looks to develop top talent globally and strive to achieve the long-term goals they have set.

COVID|Balance Sheet|New Activity|Structural


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, and Fiber-Optic Cable Manufacturing industries.
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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