$GLW Corning Inc. Company Overview
Corning, Inc. develops and manufactures specialty glass and ceramics. The company provides glass for notebook computers, flat panel desktop monitors, LCD televisions, and other information display applications; optical fiber and cable and hardware and equipment products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences. The Display Technologies segment manufactures glass substrates for LCD flat panel televisions, computer monitors, laptops, and other consumer electronics. The Telecommunications segment produces optical fiber, cable, and hardware and equipment products for telephone and Internet communication networks. The Environmental Technologies segment manufactures ceramic substrates and diesel filters for emission control systems. The Specialty Materials segment manufactures and distributes cover glass for consumer electronics, advanced optics, and specialty glass solutions for different industries. The Life Sciences segment manufactures glass and plastic labware, equipment, media and reagents to provide workflow solutions for scientific applications. Corning was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.
GLW Last Price: 17.20
Last Updated: November 24, 2013 2:01 AM EST
GLW Stock Message Board and Forum http://investorshangout.com/search?q=GLW&...mp;yt0=Go!
Corning Inc. GLW Officers and Executives
Name Age Officer Since Title
Mr. Wendell P. Weeks 53 1983 Chairman, President & Chief Executive Officer
Dr. Jeffrey W. Evenson 47 2011 Chief of Staff & Senior Vice President-Operations
Mr. James B. Flaws 64 1973 Vice Chairman & Chief Financial Officer
Dr. David L. Morse 60 1976 Chief Technology Officer & Executive VP
Mr. Charles R. Craig - - Senior Vice President-Science & Technology
Corning, Inc.
1 Riverfront Plaza
Corning, New York 14831
Phone
1 6079749000
Industry
Telecommunications Equipment
Sector
Technology
Fiscal Year-end
12/2013
View SEC Filings Below
Revenue
$8.01B
Net Income
$1.73B
2012 Sales Growth
1.5%
Employees
28,700
Annual Report Below for GLW
Corning Inc. GLW Recent Headlines
MarketWatch News on GLW
GT spikes on sapphire deal with Apple 4:45 p.m. Nov. 5, 2013 - Sue Chang
Apple's sapphire deal with GT Advanced may crack Corning's Gorilla Glass 11:44 a.m. Nov. 5, 2013 - blogs.marketwatch.com
Juniper, Broadcom stand out in tech losses 3:48 p.m. Oct. 23, 2013 - Rex Crum
Boeing gains after results; Caterpillar slides 2:49 p.m. Oct. 23, 2013 - Sue Chang
Boeing, AT&T, Caterpillar are stocks to watch 4:31 a.m. Oct. 23, 2013 - Sue Chang
Netflix shares slide; Icahn says he slashed stake 5:41 p.m. Oct. 22, 2013 - Wallace Witkowski
Corning surges on Samsung deal, pre-announcement 3:25 p.m. Oct. 22, 2013 - Dan Gallagher
You're not a genius so sell some stock right now 11:05 a.m. Oct. 21, 2013 - Cody Willard
Is your money-market fund safe? 10:06 a.m. Oct. 10, 2013 - The Trading Deck
Apple updates iMac; Dell rolls out new Inspirons 10:02 a.m. Sept. 24, 2013 - MarketWatch.com
Facebook nearly claims IPO price as techs gain 4:07 p.m. July 30, 2013 - Rex Crum
Corning profit up 35% on higher sales, lower costs 7:12 a.m. July 30, 2013 - MarketWatch.com
Wednesday’s movers: Apple closes marginally lower 3:33 p.m. April 24, 2013 - Sue Chang
Corning profit rises, unveils $2 billion buyback 9:49 a.m. April 24, 2013 - MarketWatch.com
Stocks to watch: Apple, Boeing, Sprint 8:31 a.m. April 24, 2013 - Saumya Vaishampayan
Richard Chilton's high upside potential picks 11:02 a.m. March 25, 2013 - Insider Monkey
Can Apple really have an iWatch this year? 6:01 a.m. March 5, 2013 - Therese Poletti
Billionaire Jeffrey Vinik's new stock picks 1:26 p.m. March 4, 2013 - Insider Monkey
An overlooked bear-market strategy 9:18 a.m. Feb. 12, 2013 - Mark Hulbert
Apple and the iWatch: the next frontier? 6:06 a.m. Feb. 12, 2013 - Therese Poletti
Corning provides business update, discusses Apple relationship 9:22 a.m. Nov. 20, 2013 - Seeking Alpha
Apple likely to raise smartphone pricing with iPhone 6 5:01 p.m. Nov. 18, 2013 - Investors Business Daily
Interesting December Stock Options For GLW 12:20 p.m. Nov. 18, 2013 - TheStreet.com
Corning Prices Senior Notes - Analyst Blog 2:20 p.m. Nov. 15, 2013 - Zacks.com
Tangible (Book Value) Results 9:14 a.m. Nov. 15, 2013 - TheStreet.com
Taking a Shine to Corning and Other Stocks 4:36 p.m. Nov. 14, 2013 - Barrons.com
Screening For Excess Current Assets Could Be Very Profitable 9:55 a.m. Nov. 14, 2013 - Seeking Alpha
These Tech Suppliers Might Benefit From A Holiday Budget Moto G Release 5:09 p.m. Nov. 12, 2013 - TheStreet.com
Corning Becomes #182 Most Shorted S&P 500 Component, Replacing Linear Technology 2:55 p.m. Nov. 12, 2013 - TheStreet.com
5 Stocks Going Ex-Dividend Tomorrow: MYJ, MEN, JFR, WAB, GLW 10:00 a.m. Nov. 12, 2013 - TheStreet.com
Rethinking Corning 4:00 p.m. Nov. 11, 2013 - RealMoney.com
One Put, One Call Option To Know About For Corning 12:10 p.m. Nov. 11, 2013 - TheStreet.com
3 Good-Yielding Large-Cap Stocks With A Very Low Forward P/E Ratio Currently In An Uptrend 11:14 a.m. Nov. 8, 2013 - Seeking Alpha
How To Trade A Strong October Payroll Report 10:42 a.m. Nov. 8, 2013 - Seeking Alpha
A Common-Sense Stock Approach 10:30 a.m. Nov. 8, 2013 - RealMoney.com
Corning: A Textbook Value Play 5:46 p.m. Nov. 7, 2013 - Seeking Alpha
Here Are the Details of Apple’s Huge Sapphire Deal 5:41 p.m. Nov. 7, 2013 - Wall St. Cheat Sheet
'Fast Money' Recap: Waiting for Twitter 5:00 a.m. Nov. 7, 2013 - TheStreet.com
6 Undervalued Technology Stocks With High Dividends 4:15 p.m. Nov. 6, 2013 - TheStreet.com
Guru Mark Hillman Buys 3 New Stocks - Corning, UPS, AT&T 3:18 p.m. Nov. 6, 2013 - GuruFocus.com
Press Releases on GLW
Pricing of Senior Notes, Declared Dividends, Product Launches, and Conferences Call Schedules - Research Report on Corning, IGT, TE Connectivity, T2, and Perfect World 8:00 a.m. Nov. 21, 2013 - PR Newswire
Corning to Present at UBS Global Technology Conference 9:00 a.m. Nov. 20, 2013 - Thomson Reuters ONE
Corning Enables Enhanced Cellular Coverage at AmericasMart(R) Atlanta 8:01 a.m. Nov. 19, 2013 - Marketwire
Corning Prices $250 Million of Senior Unsecured Notes 6:19 p.m. Nov. 13, 2013 - Thomson Reuters ONE
Pre-Market Review: Corning Inc., Texas Instruments Inc., Cadence Design Systems Inc., and Yandex N.V. 8:00 a.m. Nov. 11, 2013 - PR Newswire
Reveal Insider Trading for Corning, Groupon, Yahoo, Hertz, Tesla Motors, and Marvell 8:55 a.m. Nov. 6, 2013 - PR Newswire
Corning Announces $1 Billion Accelerated Share Repurchase 7:15 a.m. Oct. 31, 2013 - Thomson Reuters ONE
Corning Announces Third-Quarter Financial Performance 7:05 a.m. Oct. 30, 2013 - Thomson Reuters ONE
Diversified Electronics Report Partial and Final Quarterly Results - Research Report on Corning, Emerson, Eaton, TE Connectivity, and Molex 9:00 a.m. Oct. 28, 2013 - PR Newswire
Dow Corning Reports Sales and Profits Through Third Quarter of 2013 8:30 a.m. Oct. 25, 2013 - BusinessWire
Critical Alerts For Priceline.com, Corning, Altera, Safeway, and Gentex Released By InvestorsObserver 9:31 a.m. Oct. 24, 2013 - PR Newswire
Insider Trading Research for Micron, Safeway, QUALCOMM, Corning, Cree, and Altera 8:55 a.m. Oct. 24, 2013 - PR Newswire
Corning Announces Preliminary Third-Quarter Financial Results 4:08 p.m. Oct. 22, 2013 - Thomson Reuters ONE
Corning and Samsung Strengthen Strategic Collaborations 4:05 p.m. Oct. 22, 2013 - Thomson Reuters ONE
Morning Research: Corning Inc., Yandex N.V., Cadence Design Systems Inc., and Texas Instruments Inc. 8:28 a.m. Oct. 21, 2013 - PR Newswire
Insider Trading Picks for Yum, SanDisk, Ciena, Gap, Gilead Sciences, and Corning 8:30 a.m. Oct. 14, 2013 - PR Newswire
Insider Trading Reviews of QUALCOMM, Gilead Sciences, First Solar, Hertz, Forest Oil, and Corning 8:55 a.m. Oct. 7, 2013 - PR Newswire
Corning Continues Support of the Dian Fossey Gorilla Fund International 8:30 a.m. Oct. 3, 2013 - Thomson Reuters ONE
Corning Declares Quarterly Dividend 10:56 a.m. Oct. 2, 2013 - Thomson Reuters ONE
Corning Incorporated and Lightwave Recognize Andre Kriger for Leadership in FTTH Deployments 4:30 p.m. Sept. 30, 2013 - Thomson Reuters ONE
Valuation
P/E Current
15.01
P/E Ratio (with extraordinary items)
13.85
P/E Ratio (without extraordinary items)
10.97
Price to Sales Ratio
2.35
Price to Book Ratio
0.86
Price to Cash Flow Ratio
5.93
Enterprise Value to EBITDA
8.96
Enterprise Value to Sales
2.74
Total Debt to Enterprise Value
0.21
Efficiency
Revenue/Employee
0.28
Income Per Employee
0.06
Receivables Turnover
6.72
Total Asset Turnover
0.28
Liquidity
Current Ratio
4.96
Quick Ratio
4.42
Cash Ratio
3.14
Profitability
Gross Margin
41.95
Operating Margin
18.11
Pretax Margin
26.36
Net Margin
21.57
Return on Assets
6.04
Return on Equity
8.12
Return on Total Capital
7.14
Return on Invested Capital
7.15
Capital Structure
Total Debt to Total Equity
16.09
Total Debt to Total Capital
13.86
Total Debt to Total Assets
11.77
Long-Term Debt to Equity
15.74
Long-Term Debt to Total Capital
13.56
Corning Inc. GLW Financials
Fiscal year is January-December. All values USD millions. 2008 2009 2010 2011 2012 5-year trend
Sales/Revenue 5.95B 5.4B 6.63B 7.89B 8.01B
Cost of Goods Sold (COGS) incl. D&A 3.22B 3.31B 3.58B 4.33B 4.65B
COGS excluding D&A 2.53B 2.52B 2.73B 3.37B 3.65B
Depreciation & Amortization Expense 695M 792M 854M 957M 997M
Depreciation 684M 782M 846M 942M 978M
Amortization of Intangibles 11M 10M 8M 15M 19M
Gross Income 2.73B 2.08B 3.05B 3.56B 3.36B
2008 2009 2010 2011 2012 5-year trend
SG&A Expense 1.53B 1.44B 1.62B 1.7B 1.91B
Research & Development 627M 563M 603M 671M 745M
Other SG&A 901M 881M 1.02B 1.03B 1.17B
Other Operating Expense 0 0 0 0 0
Unusual Expense (321M) 280M (35M) 207M (30M)
EBIT after Unusual Expense 321M (280M) 35M (207M) 30M
Non Operating Income/Expense (23M) 205M 519M 160M (82M)
Non-Operating Interest Income 85M 19M 11M 19M 14M
Equity in Affiliates (Pretax) - 1.44B 1.96B 1.47B 810M
Interest Expense 59M 82M 109M 89M 111M
Gross Interest Expense 91.8M 111M 129M 135M 185M
Interest Capitalized 32.8M 29M 20M 46M 74M
Pretax Income 1.52B 1.93B 3.85B 3.21B 2.11B
Income Tax (2.41B) (74M) 287M 408M 389M
Income Tax - Current Domestic 4M (8M) 1M 4M (1M)
Income Tax - Current Foreign 185M 152M 218M 289M 322M
Income Tax - Deferred Domestic (2.57B) (81M) 15M 181M 177M
Income Tax - Deferred Foreign (29M) (137M) 53M (66M) (109M)
Income Tax Credits 0 0 0 0 0
Equity in Affiliates 1.33B 0 0 0 0
Other After Tax Income (Expense) 0 0 0 0 0
Consolidated Net Income 5.26B 2.01B 3.56B 2.81B 1.72B
Minority Interest Expense (1M) 0 0 0 (5M)
Net Income 5.26B 2.01B 3.56B 2.81B 1.73B
Extraordinaries & Discontinued Operations 0 0 0 0 0
Extra Items & Gain/Loss Sale Of Assets 0 0 0 0 0
Cumulative Effect - Accounting Chg 0 0 0 0 0
Discontinued Operations 0 0 0 0 0
Net Income After Extraordinaries 5.26B 2.01B 3.56B 2.81B 1.73B
Preferred Dividends 0 0 0 0 0
Net Income Available to Common 5.26B 2.01B 3.56B 2.81B 1.73B
EPS (Basic) 3.37 1.30 2.28 1.80 1.16
Basic Shares Outstanding 1.56B 1.55B 1.56B 1.56B 1.49B
EPS (Diluted) 3.32 1.28 2.25 1.77 1.15
Diluted Shares Outstanding 1.58B 1.57B 1.58B 1.58B 1.51B
EBITDA 1.89B 1.43B 2.29B 2.82B 2.45B
Corning Inc. GLW Filings
SEC Filings for Corning Inc.
Filing Date Document Date Type Category Amended
11/18/2013 11/13/2013 8-K Special Events
11/15/2013 11/15/2013 8-K Special Events
10/31/2013 10/31/2013 8-K Special Events
10/30/2013 09/30/2013 10-Q Quarterly Reports
10/30/2013 10/30/2013 8-K Special Events
10/25/2013 10/22/2013 8-K Special Events
10/22/2013 10/22/2013 8-K Special Events
10/22/2013 10/22/2013 8-K Special Events
07/31/2013 06/30/2013 10-Q Quarterly Reports
07/30/2013 07/30/2013 8-K Special Events
07/17/2013 07/16/2013 8-K Special Events
06/25/2013 06/24/2013 8-K Special Events
05/28/2013 05/24/2013 8-K Special Events
05/17/2013 05/16/2013 8-K Special Events
04/26/2013 04/25/2013 8-K Special Events
04/26/2013 03/31/2013 10-Q Quarterly Reports
04/24/2013 04/24/2013 8-K Special Events
04/05/2013 04/05/2013 8-K Special Events
03/13/2013 03/13/2013 8-K Special Events
03/11/2013 03/11/2013 DEF 14A Proxy Statement
SEC Filings provided by EDGAR Online, Inc.
GLW Corning Inc. Research Links
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Research Reports http://www.otcmarkets.com/stock/GLW/research
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Corning, Inc. develops and manufactures specialty glass and ceramics. The company provides glass for notebook computers, flat panel desktop monitors, LCD televisions, and other information display applications; optical fiber and cable and hardware and equipment products for the telecommunications industry; ceramic substrates for gasoline and diesel engines in automotive and heavy duty vehicle markets; laboratory products for the scientific community and specialized polymer products for biotechnology applications; advanced optical materials for the semiconductor industry and the scientific community; and other technologies. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences. The Display Technologies segment manufactures glass substrates for LCD flat panel televisions, computer monitors, laptops, and other consumer electronics. The Telecommunications segment produces optical fiber, cable, and hardware and equipment products for telephone and Internet communication networks. The Environmental Technologies segment manufactures ceramic substrates and diesel filters for emission control systems. The Specialty Materials segment manufactures and distributes cover glass for consumer electronics, advanced optics, and specialty glass solutions for different industries. The Life Sciences segment manufactures glass and plastic labware, equipment, media and reagents to provide workflow solutions for scientific applications. Corning was founded by Amory Houghton Sr. in 1851 and is headquartered in Corning, NY.
GLW Last Price: 17.20
Last Updated: November 24, 2013 2:01 AM EST
GLW Stock Message Board and Forum http://investorshangout.com/search?q=GLW&...mp;yt0=Go!
Corning Inc. GLW Officers and Executives
Name Age Officer Since Title
Mr. Wendell P. Weeks 53 1983 Chairman, President & Chief Executive Officer
Dr. Jeffrey W. Evenson 47 2011 Chief of Staff & Senior Vice President-Operations
Mr. James B. Flaws 64 1973 Vice Chairman & Chief Financial Officer
Dr. David L. Morse 60 1976 Chief Technology Officer & Executive VP
Mr. Charles R. Craig - - Senior Vice President-Science & Technology
Corning, Inc.
1 Riverfront Plaza
Corning, New York 14831
Phone
1 6079749000
Industry
Telecommunications Equipment
Sector
Technology
Fiscal Year-end
12/2013
View SEC Filings Below
Revenue
$8.01B
Net Income
$1.73B
2012 Sales Growth
1.5%
Employees
28,700
Annual Report Below for GLW
Corning Inc. GLW Recent Headlines
MarketWatch News on GLW
GT spikes on sapphire deal with Apple 4:45 p.m. Nov. 5, 2013 - Sue Chang
Apple's sapphire deal with GT Advanced may crack Corning's Gorilla Glass 11:44 a.m. Nov. 5, 2013 - blogs.marketwatch.com
Juniper, Broadcom stand out in tech losses 3:48 p.m. Oct. 23, 2013 - Rex Crum
Boeing gains after results; Caterpillar slides 2:49 p.m. Oct. 23, 2013 - Sue Chang
Boeing, AT&T, Caterpillar are stocks to watch 4:31 a.m. Oct. 23, 2013 - Sue Chang
Netflix shares slide; Icahn says he slashed stake 5:41 p.m. Oct. 22, 2013 - Wallace Witkowski
Corning surges on Samsung deal, pre-announcement 3:25 p.m. Oct. 22, 2013 - Dan Gallagher
You're not a genius so sell some stock right now 11:05 a.m. Oct. 21, 2013 - Cody Willard
Is your money-market fund safe? 10:06 a.m. Oct. 10, 2013 - The Trading Deck
Apple updates iMac; Dell rolls out new Inspirons 10:02 a.m. Sept. 24, 2013 - MarketWatch.com
Facebook nearly claims IPO price as techs gain 4:07 p.m. July 30, 2013 - Rex Crum
Corning profit up 35% on higher sales, lower costs 7:12 a.m. July 30, 2013 - MarketWatch.com
Wednesday’s movers: Apple closes marginally lower 3:33 p.m. April 24, 2013 - Sue Chang
Corning profit rises, unveils $2 billion buyback 9:49 a.m. April 24, 2013 - MarketWatch.com
Stocks to watch: Apple, Boeing, Sprint 8:31 a.m. April 24, 2013 - Saumya Vaishampayan
Richard Chilton's high upside potential picks 11:02 a.m. March 25, 2013 - Insider Monkey
Can Apple really have an iWatch this year? 6:01 a.m. March 5, 2013 - Therese Poletti
Billionaire Jeffrey Vinik's new stock picks 1:26 p.m. March 4, 2013 - Insider Monkey
An overlooked bear-market strategy 9:18 a.m. Feb. 12, 2013 - Mark Hulbert
Apple and the iWatch: the next frontier? 6:06 a.m. Feb. 12, 2013 - Therese Poletti
Corning provides business update, discusses Apple relationship 9:22 a.m. Nov. 20, 2013 - Seeking Alpha
Apple likely to raise smartphone pricing with iPhone 6 5:01 p.m. Nov. 18, 2013 - Investors Business Daily
Interesting December Stock Options For GLW 12:20 p.m. Nov. 18, 2013 - TheStreet.com
Corning Prices Senior Notes - Analyst Blog 2:20 p.m. Nov. 15, 2013 - Zacks.com
Tangible (Book Value) Results 9:14 a.m. Nov. 15, 2013 - TheStreet.com
Taking a Shine to Corning and Other Stocks 4:36 p.m. Nov. 14, 2013 - Barrons.com
Screening For Excess Current Assets Could Be Very Profitable 9:55 a.m. Nov. 14, 2013 - Seeking Alpha
These Tech Suppliers Might Benefit From A Holiday Budget Moto G Release 5:09 p.m. Nov. 12, 2013 - TheStreet.com
Corning Becomes #182 Most Shorted S&P 500 Component, Replacing Linear Technology 2:55 p.m. Nov. 12, 2013 - TheStreet.com
5 Stocks Going Ex-Dividend Tomorrow: MYJ, MEN, JFR, WAB, GLW 10:00 a.m. Nov. 12, 2013 - TheStreet.com
Rethinking Corning 4:00 p.m. Nov. 11, 2013 - RealMoney.com
One Put, One Call Option To Know About For Corning 12:10 p.m. Nov. 11, 2013 - TheStreet.com
3 Good-Yielding Large-Cap Stocks With A Very Low Forward P/E Ratio Currently In An Uptrend 11:14 a.m. Nov. 8, 2013 - Seeking Alpha
How To Trade A Strong October Payroll Report 10:42 a.m. Nov. 8, 2013 - Seeking Alpha
A Common-Sense Stock Approach 10:30 a.m. Nov. 8, 2013 - RealMoney.com
Corning: A Textbook Value Play 5:46 p.m. Nov. 7, 2013 - Seeking Alpha
Here Are the Details of Apple’s Huge Sapphire Deal 5:41 p.m. Nov. 7, 2013 - Wall St. Cheat Sheet
'Fast Money' Recap: Waiting for Twitter 5:00 a.m. Nov. 7, 2013 - TheStreet.com
6 Undervalued Technology Stocks With High Dividends 4:15 p.m. Nov. 6, 2013 - TheStreet.com
Guru Mark Hillman Buys 3 New Stocks - Corning, UPS, AT&T 3:18 p.m. Nov. 6, 2013 - GuruFocus.com
Press Releases on GLW
Pricing of Senior Notes, Declared Dividends, Product Launches, and Conferences Call Schedules - Research Report on Corning, IGT, TE Connectivity, T2, and Perfect World 8:00 a.m. Nov. 21, 2013 - PR Newswire
Corning to Present at UBS Global Technology Conference 9:00 a.m. Nov. 20, 2013 - Thomson Reuters ONE
Corning Enables Enhanced Cellular Coverage at AmericasMart(R) Atlanta 8:01 a.m. Nov. 19, 2013 - Marketwire
Corning Prices $250 Million of Senior Unsecured Notes 6:19 p.m. Nov. 13, 2013 - Thomson Reuters ONE
Pre-Market Review: Corning Inc., Texas Instruments Inc., Cadence Design Systems Inc., and Yandex N.V. 8:00 a.m. Nov. 11, 2013 - PR Newswire
Reveal Insider Trading for Corning, Groupon, Yahoo, Hertz, Tesla Motors, and Marvell 8:55 a.m. Nov. 6, 2013 - PR Newswire
Corning Announces $1 Billion Accelerated Share Repurchase 7:15 a.m. Oct. 31, 2013 - Thomson Reuters ONE
Corning Announces Third-Quarter Financial Performance 7:05 a.m. Oct. 30, 2013 - Thomson Reuters ONE
Diversified Electronics Report Partial and Final Quarterly Results - Research Report on Corning, Emerson, Eaton, TE Connectivity, and Molex 9:00 a.m. Oct. 28, 2013 - PR Newswire
Dow Corning Reports Sales and Profits Through Third Quarter of 2013 8:30 a.m. Oct. 25, 2013 - BusinessWire
Critical Alerts For Priceline.com, Corning, Altera, Safeway, and Gentex Released By InvestorsObserver 9:31 a.m. Oct. 24, 2013 - PR Newswire
Insider Trading Research for Micron, Safeway, QUALCOMM, Corning, Cree, and Altera 8:55 a.m. Oct. 24, 2013 - PR Newswire
Corning Announces Preliminary Third-Quarter Financial Results 4:08 p.m. Oct. 22, 2013 - Thomson Reuters ONE
Corning and Samsung Strengthen Strategic Collaborations 4:05 p.m. Oct. 22, 2013 - Thomson Reuters ONE
Morning Research: Corning Inc., Yandex N.V., Cadence Design Systems Inc., and Texas Instruments Inc. 8:28 a.m. Oct. 21, 2013 - PR Newswire
Insider Trading Picks for Yum, SanDisk, Ciena, Gap, Gilead Sciences, and Corning 8:30 a.m. Oct. 14, 2013 - PR Newswire
Insider Trading Reviews of QUALCOMM, Gilead Sciences, First Solar, Hertz, Forest Oil, and Corning 8:55 a.m. Oct. 7, 2013 - PR Newswire
Corning Continues Support of the Dian Fossey Gorilla Fund International 8:30 a.m. Oct. 3, 2013 - Thomson Reuters ONE
Corning Declares Quarterly Dividend 10:56 a.m. Oct. 2, 2013 - Thomson Reuters ONE
Corning Incorporated and Lightwave Recognize Andre Kriger for Leadership in FTTH Deployments 4:30 p.m. Sept. 30, 2013 - Thomson Reuters ONE
Valuation
P/E Current
15.01
P/E Ratio (with extraordinary items)
13.85
P/E Ratio (without extraordinary items)
10.97
Price to Sales Ratio
2.35
Price to Book Ratio
0.86
Price to Cash Flow Ratio
5.93
Enterprise Value to EBITDA
8.96
Enterprise Value to Sales
2.74
Total Debt to Enterprise Value
0.21
Efficiency
Revenue/Employee
0.28
Income Per Employee
0.06
Receivables Turnover
6.72
Total Asset Turnover
0.28
Liquidity
Current Ratio
4.96
Quick Ratio
4.42
Cash Ratio
3.14
Profitability
Gross Margin
41.95
Operating Margin
18.11
Pretax Margin
26.36
Net Margin
21.57
Return on Assets
6.04
Return on Equity
8.12
Return on Total Capital
7.14
Return on Invested Capital
7.15
Capital Structure
Total Debt to Total Equity
16.09
Total Debt to Total Capital
13.86
Total Debt to Total Assets
11.77
Long-Term Debt to Equity
15.74
Long-Term Debt to Total Capital
13.56
Corning Inc. GLW Financials
Fiscal year is January-December. All values USD millions. 2008 2009 2010 2011 2012 5-year trend
Sales/Revenue 5.95B 5.4B 6.63B 7.89B 8.01B
Cost of Goods Sold (COGS) incl. D&A 3.22B 3.31B 3.58B 4.33B 4.65B
COGS excluding D&A 2.53B 2.52B 2.73B 3.37B 3.65B
Depreciation & Amortization Expense 695M 792M 854M 957M 997M
Depreciation 684M 782M 846M 942M 978M
Amortization of Intangibles 11M 10M 8M 15M 19M
Gross Income 2.73B 2.08B 3.05B 3.56B 3.36B
2008 2009 2010 2011 2012 5-year trend
SG&A Expense 1.53B 1.44B 1.62B 1.7B 1.91B
Research & Development 627M 563M 603M 671M 745M
Other SG&A 901M 881M 1.02B 1.03B 1.17B
Other Operating Expense 0 0 0 0 0
Unusual Expense (321M) 280M (35M) 207M (30M)
EBIT after Unusual Expense 321M (280M) 35M (207M) 30M
Non Operating Income/Expense (23M) 205M 519M 160M (82M)
Non-Operating Interest Income 85M 19M 11M 19M 14M
Equity in Affiliates (Pretax) - 1.44B 1.96B 1.47B 810M
Interest Expense 59M 82M 109M 89M 111M
Gross Interest Expense 91.8M 111M 129M 135M 185M
Interest Capitalized 32.8M 29M 20M 46M 74M
Pretax Income 1.52B 1.93B 3.85B 3.21B 2.11B
Income Tax (2.41B) (74M) 287M 408M 389M
Income Tax - Current Domestic 4M (8M) 1M 4M (1M)
Income Tax - Current Foreign 185M 152M 218M 289M 322M
Income Tax - Deferred Domestic (2.57B) (81M) 15M 181M 177M
Income Tax - Deferred Foreign (29M) (137M) 53M (66M) (109M)
Income Tax Credits 0 0 0 0 0
Equity in Affiliates 1.33B 0 0 0 0
Other After Tax Income (Expense) 0 0 0 0 0
Consolidated Net Income 5.26B 2.01B 3.56B 2.81B 1.72B
Minority Interest Expense (1M) 0 0 0 (5M)
Net Income 5.26B 2.01B 3.56B 2.81B 1.73B
Extraordinaries & Discontinued Operations 0 0 0 0 0
Extra Items & Gain/Loss Sale Of Assets 0 0 0 0 0
Cumulative Effect - Accounting Chg 0 0 0 0 0
Discontinued Operations 0 0 0 0 0
Net Income After Extraordinaries 5.26B 2.01B 3.56B 2.81B 1.73B
Preferred Dividends 0 0 0 0 0
Net Income Available to Common 5.26B 2.01B 3.56B 2.81B 1.73B
EPS (Basic) 3.37 1.30 2.28 1.80 1.16
Basic Shares Outstanding 1.56B 1.55B 1.56B 1.56B 1.49B
EPS (Diluted) 3.32 1.28 2.25 1.77 1.15
Diluted Shares Outstanding 1.58B 1.57B 1.58B 1.58B 1.51B
EBITDA 1.89B 1.43B 2.29B 2.82B 2.45B
Corning Inc. GLW Filings
SEC Filings for Corning Inc.
Filing Date Document Date Type Category Amended
11/18/2013 11/13/2013 8-K Special Events
11/15/2013 11/15/2013 8-K Special Events
10/31/2013 10/31/2013 8-K Special Events
10/30/2013 09/30/2013 10-Q Quarterly Reports
10/30/2013 10/30/2013 8-K Special Events
10/25/2013 10/22/2013 8-K Special Events
10/22/2013 10/22/2013 8-K Special Events
10/22/2013 10/22/2013 8-K Special Events
07/31/2013 06/30/2013 10-Q Quarterly Reports
07/30/2013 07/30/2013 8-K Special Events
07/17/2013 07/16/2013 8-K Special Events
06/25/2013 06/24/2013 8-K Special Events
05/28/2013 05/24/2013 8-K Special Events
05/17/2013 05/16/2013 8-K Special Events
04/26/2013 04/25/2013 8-K Special Events
04/26/2013 03/31/2013 10-Q Quarterly Reports
04/24/2013 04/24/2013 8-K Special Events
04/05/2013 04/05/2013 8-K Special Events
03/13/2013 03/13/2013 8-K Special Events
03/11/2013 03/11/2013 DEF 14A Proxy Statement
SEC Filings provided by EDGAR Online, Inc.
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