GLW Corning Inc. featured news, full reports, and detailed charts
Corning Inc. (GLW) Wrap Up:
Corning Incorporated manufactures and processes specialty glass and ceramics products worldwide. It operates in five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. The Display Technologies segment manufactures glass substrates for active matrix liquid crystal displays (LCDs) that are used primarily in notebook computers, flat panel desktop monitors, and LCD televisions. The Telecommunications segment produces optical fiber and cable, and hardware and equipment products, such as cable assemblies, fiber optic hardware, fiber optic connectors, optical components and couplers, closures and pedestals, splice and test equipment, and other accessories for optical connectivity to the telecommunications industry. This segment also offers optical fiber technology products for various applications, such as premises, fiber-to-the-premises access, metropolitan, long-haul, and submarine networks. The Environmental Technologies segment offers ceramic technologies and solutions for emissions and pollution control in mobile and stationary applications, including gasoline and diesel substrate, and filter products. The Specialty Materials segment manufactures products that provide approximately 150 material formulations for glass, glass ceramics, and fluoride crystals used in commercial and industrial markets. The Life Sciences segment provides microplate products, coated slides, filter plates for genomics sample preparation, plastic cell culture dishes, flasks, cryogenic vials, roller bottles, mass cell culture products, liquid handling instruments, glass beakers, pipettors, serological pipettes, centrifuge tubes, and laboratory filtration products. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is based in Corning, New York.www.corning.com
27,000 Employees
Founded in 1851
Corning Inc. (GLW:NYSE)
LAST $16.41 USD
CHANGE TODAY -0.16 -0.97%
VOLUME 9.5M
As of 4:01 PM 11/20/09 All times are local (Market data by Reuters is delayed by at least 15 minutes).
Snapshot of Corning Inc. (GLW)
|
OPEN
$16.50
|
PREVIOUS CLOSE
$16.57
|
|
|
DAY HIGH
$16.54
|
DAY LOW
$16.37
|
|
|
52 WEEK HIGH
11/18/09 - $17.22
|
52 WEEK LOW
11/21/08 - $7.36
|
|
|
MARKET CAP
25.5B
|
AVERAGE VOLUME 3 mo
12.8M
|
|
|
DILUTED EPS TTM
$0.97
|
SHARES OUTSTANDING
1.6B
|
|
|
EX-DATE
11/12/09
|
P/E TTM
16.9x
|
|
|
DIVIDEND
$0.20
|
DIVIDEND YIELD
1.22%
|
|
| K = Thousands M = Millions B = Billions | ||
related news
Stocks End Solidly Lower
10/26/2009 4:35 PM ET
Stocks Climb on Economic Hopes
09/16/2009 4:39 PM ET
Analyst Picks and Pans: Goldman Sachs, Home Depot, Corning
08/18/2009 10:25 AM ET
Analyst Picks and Pans: Goldman Sachs, Home Depot, Corning
08/18/2009 10:25 AM ET
GLW Top Compensated Officers
Mr. Wendell P. Weeks
Executive Chairman, Chief Executive Officer a...
Age: 49
Total Annual Compensation: $1.0M
Mr. Peter F. Volanakis
President, Chief Operating Officer, Executive...
Age: 53
Total Annual Compensation: $868.0K
Mr. James B. Flaws
Vice Chairman, Chief Financial Officer, Membe...
Age: 60
Total Annual Compensation: $821.0K
Dr. Joseph A. Miller Jr.
Chief Technology Officer and Executive Vice P...
Age: 67
Total Annual Compensation: $610.0K
Mr. Kirk P. Gregg
Chief Administrative Officer and Executive Vi...
Age: 49
Total Annual Compensation: $578.0K
Executives, Board Directors
Compensation as of Fiscal Year 2008.
Key developments for Corning Inc. (GLW)
PerkinElmer Inc. and Corning Announce Strategic Collaboration for the Advancement of Label Free Technologies
10/28/2009
PerkinElmer Inc. and Corning Incorporated announced that the two companies have entered into a strategic agreement to advance the development of next-generation label-free detection technologies. The agreement will allow Corning and PerkinElmer to combine their world-class expertise in optical label-free and multi-modality detection to develop and deliver next-generation detection platforms for life sciences research. Label-free detection is an enabling technology targeted at addressing many of the challenges in early-stage lead optimization in the drug discovery process.
Corning Inc. Reports Consolidated Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2009; Provides Sales Guidance for 2010
10/26/2009
Corning Inc. reported consolidated unaudited earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, sales were $1.5 billion, up 6% sequentially. Earnings per share were $0.41. Excluding special items, EPS was $0.42, a sequential gain of 8%. The company's gross margin for the quarter was 41%. Equity earnings were $418 million, an increase of 16% over last quarter, and an all-time record for Corning. Net income was $643 million against $611 million for the same period earlier. Non GAAP net income was $654 million against $614 million for the same period earlier. GAAP EPS was $0.41 against $0.39 for the same period earlier. Operating income was $230 million against $349 million for the same period earlier. Income before income taxes was $675 million against $717 million for the same period earlier. Net cash provided by operating activities was $532 million against $763 million a year ago. Capital expenditures were $236 million against $291 million a year ago. For the nine months, the company reported net income attributable to shareholders of $1,268 million or $0.81 per diluted share on net sales of $3,863 million against net income attributable to shareholders of $5,008 million or $3.15 per diluted share on net sales of $4,864 million reported for the same period a year ago. Income before income taxes was $1,230 million against $2,650 million a year ago. Operating income was $191 million against operating income of $1,543 million a year ago. Net cash provided by operating activities was $1,164 million against $1,748 million a year ago. Capital expenditures were $727 million against $1,155 million a year ago. The company anticipates that worldwide unit sales of LCD televisions next year could reach 156 million, a 20% increase over 2009. Additionally, computer notebook sales are forecasted to grow by about 20%, while desktop monitor sales are expected to increase about 4% for the year.
Corning Inc. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 26, 2009).
10/26/2009
Corning Inc. expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on October 26, 2009).
GLW Competitors
| Company | Last | Change |
| Amphenol Corp | $42.04 USD | -0.16 |
| Becton Dickinson and Co | $73.70 USD | +0.24 |
| Harris Corp | $43.07 USD | -0.28 |
| Hoya Corporation | ¥2,200 JPY | -15.00 |
| Nippon Electric Glass Co Ltd | ¥987.00 JPY | -4.00 |
| Market data is delayed at least 20 minutes. | ||
Industry Analysis
| Valuation | GLW | Industry Range |
| Price/Earnings | 17.1x |
|
| Price/Sales | 5.2x |
|
| Price/Book | 1.7x |
|
| Price/Cash Flow | 16.9x |
|
| TEV/Sales | 4.2x |
|
|
GLW |
||
|
GLW transactions
| Type Date |
Target |
|
Merger/Acquisition
November 11, 2009 |
Gemfire Corporation |
|
Merger/Acquisition
September 15, 2009 |
Axygen, Inc. |
More Recent News About Corning Inc.
More news for GLW
CORNING INC /NY Files SEC form 10-Q, Quarterly Report
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS ORGANIZATION OF INFORMATION Management's Discussion and Analysis provides a historical and prospective narrative on the Company's financial condition and results of operations. The discussion includes the following sections: • Overview • Results of Operations • Operating Segments • Liquidity and Capital Resources • Critical Accounting Estimates • New Accounting Standards • Environment • Forward Looking Statements OVERVIEW Corning's results for the third quarter of 2009 reflected the continued effects of the global economic recession and the impact of a disruption at one of our manufacturing facilities offset by the positive impact of movements in foreign exchange rates. Although results for most of our operating segments were down when compared to last year, the rate of decline has slowed. In August, an earthquake halted production at one of the Company's liquid crystal display (LCD) glass manufacturing facilities in Japan. Production capacity in Taiwan and our ability to quickly resume some manufacturing in Japan helped to ease the impact of the disruption. In comparison to the second quarter of 2009, results improved in a number of segments. Continued strength in demand for the Company's LCD glass products contributed to the performance of the Display Technologies segment and government incentives drove improvements in the Environmental Technologies segment. Results in the Telecommunications segment continued to reflect the strength in demand for optical fiber and cable products in China. We also saw an increase in demand at Dow Corning Corporation, our equity affiliate which manufactures silicone products worldwide when compared to the previous quarter. In the third quarter of 2009, Corning acquired Axygen BioScience, Inc. (Axygen) for $410 million, net of $...Click here to read the whole Article (external link)
Dow Corning gets 2 silicon assets in $175M deal
Copyright © 2009 Yahoo! All rights reserved. Privacy Policy - Terms of Service - Copyright Policy - Report Problems Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quote data delayed 15 minutes for Nasdaq, NYSE and Amex. Real-Time continuous streaming quotes are available through our premium service. You may turn streaming quotes on or off. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Yahoo! is not an investment adviser and does not provide, endorse or review any information or data contained herein....Click here to read the whole Article (external link)
Dow Corning Acquires U.S. and Brazilian Silicon Metal Manufacturing Assets From Globe Specialty Metals
MIDLAND, Mich., Nov. 5 /PRNewswire-FirstCall/ -- Dow Corning Corporation has acquired two chemical grade silicon manufacturing assets from Globe Specialty Metals, in an acquisition valued at approximately $175 million (USD). (Logo: http://www.newscom.com/cgi-bin/prnh/20081030/CLTH022LOGO )Dow Corning purchased 100 percent of Globe Metais Industria e Comercio S.A., a silicon metal manufacturer in Para, Brazil, which will immediately begin operating as Dow Corning Metais do Para Ltda. Dow Corning has also acquired a 49 percent interest in Globe Metallurgical Inc.'s silicon manufacturing operation in Alloy, West Virginia (U.S.A.), WVA Manufacturing LLC. The operation will continue to operate as WVA Manufacturing LLC.Dow Corning, a global leader in silicone-based materials, relies on chemical grade silicon as an essential raw material to manufacture nearly all of its more than 7,000 products."These acquisitions offer Dow Corning an even more efficient and stable supply of silicon metal," said Robert Hansen, Dow Corning's executive vice president and general manager of Core Products. "This is yet another step to position ourselves to better serve our customers' needs."Silicones are important building blocks for products in the construction, personal care, life sciences, energy, automotive and electronics industries, among others.About Dow CorningDow Corning (www....Click here to read the whole Article (external link)
CORNING INC /NY Financials
PERIOD ENDING30-Sep-0930-Jun-0931-Mar-0931-Dec-08Total Revenue1,479,000 1,395,000 989,000 1,084,000 Cost of Revenue880,000 820,000 719,000 777,000 Gross Profit599,000 575,000 270,000 307,000 Operating ExpensesResearch Development131,000 136,000 151,000 153,000 Selling General and Administrative219,000 211,000 207,000 179,000 Non Recurring16,000 5,000 169,000 (6,000)Others3,000 2,000 3,000 4,000 Total Operating Expenses369,000 354,000 530,000 330,000 Operating Income or Loss230,000 221,000 (260,000)(23,000)Income from Continuing OperationsTotal Other Income/Expenses Net53,000 45,000 27,000 (22,000)Earnings Before Interest And Taxes699,000 627,000 (38,000)(45,000)Interest Expense24,000 20,000 14,000 11,000 Income Before Tax675,000 607,000 (52,000)(56,000)Income Tax Expense32,000 (4,000)(66,000)(23,000)Minority Interest - - - - Net Income From Continuing Ops1,617,000 611,000 14,000 249,000 Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - ...Click here to read the whole Article (external link)
Hemlock Semiconductor Group Marks the Beginning of Site Construction and Unveils What the Future Looks Like at New Site in Clarksville, Tennessee
CLARKSVILLE, Tenn., Nov. 12 /PRNewswire-FirstCall/ -- The Hemlock Semiconductor Group celebrated the beginning of construction at its recently developed site in Clarksville, Tennessee today, and gave guests a glimpse of what the new facility will look like when completed in 2012. With an investment of up to $1.2 billion, 500 full-time jobs, and more than 800 construction jobs, Hemlock Semiconductor's new facility will increase polycrystalline silicon production to meet the needs of the growing solar industry."The State of Tennessee has enthusiastically embraced our company and the alternative energy industry," said Rick Doornbos, president and CEO of Hemlock Semiconductor. "Governor Bredesen's forward thinking initiatives around solar in combination with Tennessee's attractive business climate, access to lower cost energy and a talented workforce reaffirm Hemlock Semiconductor's decision to locate here."Doornbos along with Governor Phil Bredesen and Dr. Stephanie Burns, chairman, president and CEO of Dow Corning, Hemlock Semiconductor's majority shareholder, delivered formal remarks at the Commerce Park location in Clarksville-Montgomery County. Doornbos, the Governor, and Burns also unveiled an architectural drawing of the site and the new street name "Solar Way" which will lead to Hemlock Semiconductor's new polysilicon manufacturing facility.Total construction time for the entire project is estimated to be nearly three years. The site will contain over 150,000 cubic yards of concrete, 20,000 tons of structural steel, and more than one million feet of piping, which equates to 1.3 miles of piping installed per week."The size and scope of a $1 billion project is awe-inspiring," said Doornbos. "But it is more than just the steel, concrete and piping that will create a strong business foundation. It is the contributions of t...Click here to read the whole Article (external link)
[$$] Beware of the Falling Flat Panels
Subscribe Now With these readers: Or copy the rss link: ...Click here to read the whole Article (external link)
[video] As Dow Climbs, Insiders Lock in Gains [1.8 min]
Most Popular Today Most Popular This Week Markets U.S. & Canada Europe & Middle East Latin America Asia Emerging Markets Investing Stocks Mutual Funds ETFs Options Bonds Commodities Currencies Industries Banking Cars Energy Health Care Retail Tech Personal Finance Real Estate Taxes ...Click here to read the whole Article (external link)
Would you like to leave a comment about Corning Inc. GLW
Find out what social network information about Corning Inc. are available on RealpenniesWorst 5 - Click here to find out what stocks have been voted down by our visitors and users
Besides Corning Inc. there is more great information available at Realpennies.com