View Financial HealthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsCorning 배당 및 자사주 매입배당 기준 점검 3/6Corning 은(는) 현재 수익률이 2.96% 인 배당금 지급 회사입니다.핵심 정보3.0%배당 수익률0.4%자사주 매입 수익률총 주주 수익률3.4%미래 배당 수익률3.4%배당 성장률10.6%다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향218%최근 배당 및 자사주 매입 업데이트공지 • Jun 26Corning Incorporated Announces Quarterly Dividend, Payable on September 27, 2024Corning Incorporated’s Board of Directors declared a quarterly dividend of $0.28 per share. The dividend will be payable on September 27, 2024, to shareholders of record on August 30, 2024.공지 • May 03+ 1 more updateCorning Announces Quarterly Dividend, Payable on June 27, 2024Corning Incorporated’s Board of Directors declared a quarterly dividend of $0.28 per share. The dividend will be payable on June 27, 2024, to shareholders of record on May 31, 2024.공지 • Feb 07Corning Announces Quarterly Dividend, Payable on March 28, 2024Corning Incorporated’s Board of Directors declared a quarterly dividend of $0.28 per share. The dividend will be payable on March 28, 2024, to shareholders of record on February 29, 2024.공지 • Feb 09Corning Incorporated Announces Increase in Quarterly Dividend, Payable on March 30, 2023Corning Incorporated declared a quarterly dividend of $0.28 per share, a 3.7% increase versus the company’s previous quarterly common stock dividend of $0.27. The dividend will be payable on March 30, 2023, to shareholders of record on Feb. 28, 2023.모든 업데이트 보기Recent updatesRecent Insider Transactions • Aug 04Insider recently sold €2.1m worth of stockOn the 31st of July, Jeffrey Evenson sold around 55k shares on-market at roughly €37.22 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €7.7m more than they bought in the last 12 months.Reported Earnings • Jul 31Second quarter 2024 earnings released: EPS: US$0.12 (vs US$0.33 in 2Q 2023)Second quarter 2024 results: EPS: US$0.12 (down from US$0.33 in 2Q 2023). Revenue: US$3.25b (flat on 2Q 2023). Net income: US$104.0m (down 63% from 2Q 2023). Profit margin: 3.2% (down from 8.7% in 2Q 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electronic industry in Europe.New Risk • Jul 25New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 155% Cash payout ratio: 108% Minor Risks High level of debt (52% net debt to equity). Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Significant insider selling over the past 3 months (€4.8m sold).공지 • Jul 11Corning Incorporated Updates Earnings Guidance for the Second Quarter of 2024Corning Incorporated updated earnings guidance for the second quarter of 2024. The company now expects core sales of approximately $3.6 billion, compared with previous guidance of approximately $3.4 billion, with core EPS at the high end of or slightly above management’s guided range of $0.42 to $0.46.Valuation Update With 7 Day Price Move • Jul 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €41.32, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Electronic industry in Europe. Total returns to shareholders of 29% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €39.77 per share.공지 • Jul 09Corning Incorporated to Report Q2, 2024 Results on Jul 30, 2024Corning Incorporated announced that they will report Q2, 2024 results at 8:30 AM, US Eastern Standard Time on Jul 30, 2024공지 • Jun 26Corning Incorporated Announces Quarterly Dividend, Payable on September 27, 2024Corning Incorporated’s Board of Directors declared a quarterly dividend of $0.28 per share. The dividend will be payable on September 27, 2024, to shareholders of record on August 30, 2024.Recent Insider Transactions • May 08Executive VP & Chief Strategy Officer recently sold €1.4m worth of stockOn the 6th of May, Jeffrey Evenson sold around 46k shares on-market at roughly €30.81 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €9.0m more than they bought in the last 12 months.New Risk • May 04New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €1.8m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 155% Cash payout ratio: 108% Minor Risks High level of debt (52% net debt to equity). Large one-off items impacting financial results. Significant insider selling over the past 3 months (€1.8m sold).공지 • May 03+ 1 more updateCorning Announces Quarterly Dividend, Payable on June 27, 2024Corning Incorporated’s Board of Directors declared a quarterly dividend of $0.28 per share. The dividend will be payable on June 27, 2024, to shareholders of record on May 31, 2024.Buy Or Sell Opportunity • May 02Now 21% undervaluedOver the last 90 days, the stock has risen 5.2% to €31.11. The fair value is estimated to be €39.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 188% in the next 2 years.Reported Earnings • May 01First quarter 2024 earnings released: EPS: US$0.24 (vs US$0.21 in 1Q 2023)First quarter 2024 results: EPS: US$0.24 (up from US$0.21 in 1Q 2023). Revenue: US$2.98b (down 6.4% from 1Q 2023). Net income: US$209.0m (up 19% from 1Q 2023). Profit margin: 7.0% (up from 5.5% in 1Q 2023). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electronic industry in Europe.공지 • Mar 26Corning Incorporated to Report Q1, 2024 Results on Apr 30, 2024Corning Incorporated announced that they will report Q1, 2024 results on Apr 30, 2024공지 • Mar 01Corning Incorporated, Annual General Meeting, May 02, 2024Corning Incorporated, Annual General Meeting, May 02, 2024, at 12:00 US Eastern Standard Time.공지 • Feb 07Corning Announces Quarterly Dividend, Payable on March 28, 2024Corning Incorporated’s Board of Directors declared a quarterly dividend of $0.28 per share. The dividend will be payable on March 28, 2024, to shareholders of record on February 29, 2024.New Risk • Feb 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 34% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 163% Cash payout ratio: 155% Minor Risks High level of debt (48% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.6% net profit margin).Reported Earnings • Feb 05Full year 2023 earnings released: EPS: US$0.69 (vs US$1.56 in FY 2022)Full year 2023 results: EPS: US$0.69 (down from US$1.56 in FY 2022). Revenue: US$12.6b (down 11% from FY 2022). Net income: US$581.0m (down 56% from FY 2022). Profit margin: 4.6% (down from 9.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Europe.공지 • Jan 30Corning Incorporated Provides Earnings Guidance for the First-Quarter of 2024Corning Incorporated provided earnings guidance for the first-quarter of 2024. For the quarter, the company expects core sales of approximately $3.1 billion and core EPS in the range of $0.32to $0.38 and anticipates the first quarter to be the low quarter of the year.공지 • Dec 19Corning Incorporated to Report Q4, 2023 Results on Jan 30, 2024Corning Incorporated announced that they will report Q4, 2023 results on Jan 30, 2024Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: US$0.19 (vs US$0.25 in 3Q 2022)Third quarter 2023 results: EPS: US$0.19 (down from US$0.25 in 3Q 2022). Revenue: US$3.17b (down 9.0% from 3Q 2022). Net income: US$164.0m (down 21% from 3Q 2022). Profit margin: 5.2% (down from 6.0% in 3Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Europe.공지 • Oct 25Corning Incorporated Provides Earnings Guidance for Fourth-Quarter 2023Corning Incorporated provided earnings guidance for fourth-quarter 2023. For the period, company expects core sales of approximately $3.25 billion, core gross margin percentage similar to the third quarter despite the sequential sales decline, core EPS in the range of $0.37 to $0.42, and another quarter of strong free cash flow.공지 • Sep 27Corning Incorporated to Report Q3, 2023 Results on Oct 24, 2023Corning Incorporated announced that they will report Q3, 2023 results on Oct 24, 2023Recent Insider Transactions • Jul 30Chairman & CEO recently sold €3.1m worth of stockOn the 26th of July, Wendell Weeks sold around 100k shares on-market at roughly €30.51 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Wendell's only on-market trade for the last 12 months.Reported Earnings • Jul 26Second quarter 2023 earnings released: EPS: US$0.33 (vs US$0.67 in 2Q 2022)Second quarter 2023 results: EPS: US$0.33 (down from US$0.67 in 2Q 2022). Revenue: US$3.24b (down 10% from 2Q 2022). Net income: US$281.0m (down 50% from 2Q 2022). Profit margin: 8.7% (down from 16% in 2Q 2022). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Europe.공지 • Jul 26Corning Incorporated Provides Sales Guidance for the Third Quarter of 2023Corning Incorporated provided sales guidance for the third quarter of 2023. For the quarter, the company expected Core Sales of about $3.5 billion.공지 • Jul 14Corning Incorporated Launches Corning®? Viridian™ VialsCorning Incorporated launched Corning® Viridian™ Vials, the latest innovation in its expanding pharmaceutical glass-packaging portfolio. Viridian Vials bring performance and sustainability together. The new technology can improve filling-line efficiency by up to 50% while reducing vial-manufacturing carbon-dioxide-equivalent (CO2e) emissions by up to 30%. Injectable medicines play an increasingly important role in global health. As demand for these medicines rises, pharmaceutical manufacturers are looking to increase production efficiently while reducing the environmental impact of their supply chain. Viridian Vials use 20% less glass material than conventional glass vials, with no impact on the quality or safety of the vial. This reduction in glass material lowers manufacturing and transportation-related emissions by up to 30% and decreases the total amount of glass entering the waste stream. In addition, Viridian's low-friction external coating minimizes cracks, breaks, and cosmetic rejects while improving filling-lineefficiency by up to 50%. West Pharmaceutical Services will be the exclusive distributor of Viridian Vial Technology. Corning's ongoing collaboration with West brings together two industry leaders with a shared commitment to using resources responsibly to help create a healthier, more sustainable world.공지 • Jun 25Corning Incorporated(NYSE:GLW) dropped from Russell 1000 Growth IndexCorning Incorporated(NYSE:GLW) dropped from Russell 1000 Growth Index공지 • Jun 21Corning Incorporated Appoints Thomas D. French to its Board of DirectorsCorning Incorporated’s Board of Directors announced that Thomas D. French, former senior partner and current senior partner emeritus with McKinsey & Company, has been appointed to Corning’s Board of Directors, effective June 20, 2023. Mr. French will serve on the board’s Audit Committee as well as its Corporate Responsibility and Sustainability Committee. He will hold office until Corning’s annual meeting of shareholders in the spring of 2024, at which time he will stand for election to a one-year term. His appointment brings the number of Corning directors to 16. Mr. French retired as a senior partner of McKinsey & Company in December 2019, and currently is senior partner emeritus. During his 33-year career with McKinsey, he served leading technology-driven industrial companies on issues of strategy, marketing, corporate governance, and organization design. He led the firm’s Global Marketing and Sales Practice for five years, the Americas Practice for seven years, and served on multiple firm governance committees. He is a trustee of several non-profit organizations. Mr. French brings four decades of management consulting experience to the Board. In particular, he brings deep familiarity with how global, technology-driven companies approach strategic planning, digital transformation, customer engagement, organization design, innovation, and matters of governance. In his role leading McKinsey’s Global Marketing and Sales Practice, he gained unique insight into how innovation-driven industrial companies commercialize new technologies and build businesses. He is also deeply versed in the dynamics of Corning’s end markets, including telecommunications, display glass, advanced materials, and consumer electronics.Recent Insider Transactions • May 03Insider recently sold €863k worth of stockOn the 1st of May, Cheryl Capps sold around 29k shares on-market at roughly €30.21 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.7m more than they bought in the last 12 months.Reported Earnings • Apr 27First quarter 2023 earnings released: EPS: US$0.21 (vs US$0.69 in 1Q 2022)First quarter 2023 results: EPS: US$0.21 (down from US$0.69 in 1Q 2022). Revenue: US$3.18b (down 14% from 1Q 2022). Net income: US$176.0m (down 70% from 1Q 2022). Profit margin: 5.5% (down from 16% in 1Q 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electronic industry in Europe.Recent Insider Transactions • Feb 19Insider recently sold €191k worth of stockOn the 16th of February, John Zhang sold around 6k shares on-market at roughly €33.27 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.2m more than they bought in the last 12 months.공지 • Feb 09Corning Incorporated Announces Increase in Quarterly Dividend, Payable on March 30, 2023Corning Incorporated declared a quarterly dividend of $0.28 per share, a 3.7% increase versus the company’s previous quarterly common stock dividend of $0.27. The dividend will be payable on March 30, 2023, to shareholders of record on Feb. 28, 2023.Recent Insider Transactions • Feb 08Insider recently sold €154k worth of stockOn the 3rd of February, John Zhang sold around 5k shares on-market at roughly €33.18 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months.Reported Earnings • Feb 01Full year 2022 earnings released: EPS: US$1.56 (vs US$1.30 in FY 2021)Full year 2022 results: EPS: US$1.56 (up from US$1.30 in FY 2021). Revenue: US$14.2b (flat on FY 2021). Net income: US$1.32b (up 22% from FY 2021). Profit margin: 9.3% (up from 7.7% in FY 2021). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electronic industry in Europe.공지 • Feb 01Corning Incorporated Provides Earnings Guidance for the First-Quarter 2023Corning Incorporated provided earnings guidance for the first-quarter 2023. for the period, the company expects core sales in the range of $3.2 billion to $3.4 billion and core EPS in the range of $0.35 to $0.42. Management expects sales to decline more than seasonally due to pandemic-related disruptions in China. Management took actions to increase price and improve productivity in the fourth quarter of 2022. The company expects the benefits of these actions to begin in the first quarter of 2023 and, as a result, profitability to improve despite an anticipated sequential sales decline.Buying Opportunity • Dec 07Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €39.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings is also forecast to grow by 8.5% per annum over the same time period.공지 • Dec 02Corning Incorporated Redefines Tough with Corning Gorilla Glass Victus 2Corning Incorporated unveiled its newest glass innovation, Corning® Gorilla® Glass Victus® 2. Corning continues to push the boundaries of glass by expanding its Corning® Gorilla® Glass portfolio. With a new glass composition, Gorilla Glass Victus 2 delivers improved drop performance on rough surfaces like concrete, the world’s most abundantly engineered material, while preserving the scratch resistance of Gorilla Glass Victus. Corning’s extensive research has shown that 84% of consumers across three of the largest smartphone markets – China, India, and the United States – cite durability as the number one purchasing consideration behind brand itself. In lab tests, Gorilla Glass Victus 2 survived drops of up to one meter on a surface replicating concrete. Competitive aluminosilicate glasses from other manufacturers typically failed when dropped from half a meter or less. In addition, Gorilla Glass Victus 2 continued to survive drops up to two meters on a surface replicating asphalt and maintained scratch resistance up to four times better than competitive aluminosilicate. For more than a decade, Gorilla Glass has helped revolutionize the way communicate and transform the mobile consumer electronics industry. With nearly half a billion global consumers yet to transition to smartphones, Gorilla Glass will continue to solve tough consumer challenges and meet the needs of current and future smartphone users. Gorilla Glass Victus 2 is currently being evaluated by multiple customers and is expected to reach the market within the next few months. Gorilla Glass has been designed into more than 8 billion devices by more than 45 major brands. Throughout the company’s Mobile Consumer Electronics (MCE) market access platform, Corning continues its legacy of innovation with its market-leading cover glasses as well as glass and optics for semiconductor products that enhance performance, deliver new connectivity features, enable new designs, and support immersive user experiences with augmented reality and 3D sensing.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: GLW 의 주당 배당금은 지난 10 년 동안 안정적이었습니다.배당금 증가: GLW 의 배당금 지급은 지난 10 년 동안 증가했습니다.배당 수익률 vs 시장Corning 배당 수익률 vs 시장GLW의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (GLW)3.0%시장 하위 25% (BG)1.2%시장 상위 25% (BG)4.8%업계 평균 (Electronic)1.3%분석가 예측 (GLW) (최대 3년)3.4%주목할만한 배당금: GLW 의 배당금( 2.96% )은 BG 시장에서 배당금 지급자의 하위 25%( 1.2% )보다 높습니다.고배당: GLW 의 배당금( 2.96% )은 BG 시장에서 배당금 지급자의 상위 25%( 4.81% )와 비교해 낮습니다.주주 대상 이익 배당수익 보장: 지급 비율 ( 218.2% )이 높기 때문에 GLW 의 배당금 지급은 수익으로 잘 충당되지 않습니다.주주 현금 배당현금 흐름 범위: 현금 지급 비율 ( 102.2% )이 높기 때문에 GLW 의 배당금 지급은 현금 흐름으로 잘 충당되지 않습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YBG 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/08/08 14:38종가2024/08/08 00:00수익2024/06/30연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Corning Incorporated는 35명의 분석가가 다루고 있습니다. 이 중 12명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관James KelleherArgus Research CompanyAmir RozwadowskiBarclaysTimothy LongBarclays32명의 분석가 더 보기
공지 • Jun 26Corning Incorporated Announces Quarterly Dividend, Payable on September 27, 2024Corning Incorporated’s Board of Directors declared a quarterly dividend of $0.28 per share. The dividend will be payable on September 27, 2024, to shareholders of record on August 30, 2024.
공지 • May 03+ 1 more updateCorning Announces Quarterly Dividend, Payable on June 27, 2024Corning Incorporated’s Board of Directors declared a quarterly dividend of $0.28 per share. The dividend will be payable on June 27, 2024, to shareholders of record on May 31, 2024.
공지 • Feb 07Corning Announces Quarterly Dividend, Payable on March 28, 2024Corning Incorporated’s Board of Directors declared a quarterly dividend of $0.28 per share. The dividend will be payable on March 28, 2024, to shareholders of record on February 29, 2024.
공지 • Feb 09Corning Incorporated Announces Increase in Quarterly Dividend, Payable on March 30, 2023Corning Incorporated declared a quarterly dividend of $0.28 per share, a 3.7% increase versus the company’s previous quarterly common stock dividend of $0.27. The dividend will be payable on March 30, 2023, to shareholders of record on Feb. 28, 2023.
Recent Insider Transactions • Aug 04Insider recently sold €2.1m worth of stockOn the 31st of July, Jeffrey Evenson sold around 55k shares on-market at roughly €37.22 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €7.7m more than they bought in the last 12 months.
Reported Earnings • Jul 31Second quarter 2024 earnings released: EPS: US$0.12 (vs US$0.33 in 2Q 2023)Second quarter 2024 results: EPS: US$0.12 (down from US$0.33 in 2Q 2023). Revenue: US$3.25b (flat on 2Q 2023). Net income: US$104.0m (down 63% from 2Q 2023). Profit margin: 3.2% (down from 8.7% in 2Q 2023). Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Electronic industry in Europe.
New Risk • Jul 25New minor risk - Shareholder dilutionThe company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.5% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 155% Cash payout ratio: 108% Minor Risks High level of debt (52% net debt to equity). Large one-off items impacting financial results. Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Significant insider selling over the past 3 months (€4.8m sold).
공지 • Jul 11Corning Incorporated Updates Earnings Guidance for the Second Quarter of 2024Corning Incorporated updated earnings guidance for the second quarter of 2024. The company now expects core sales of approximately $3.6 billion, compared with previous guidance of approximately $3.4 billion, with core EPS at the high end of or slightly above management’s guided range of $0.42 to $0.46.
Valuation Update With 7 Day Price Move • Jul 10Investor sentiment improves as stock rises 17%After last week's 17% share price gain to €41.32, the stock trades at a forward P/E ratio of 29x. Average forward P/E is 16x in the Electronic industry in Europe. Total returns to shareholders of 29% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €39.77 per share.
공지 • Jul 09Corning Incorporated to Report Q2, 2024 Results on Jul 30, 2024Corning Incorporated announced that they will report Q2, 2024 results at 8:30 AM, US Eastern Standard Time on Jul 30, 2024
공지 • Jun 26Corning Incorporated Announces Quarterly Dividend, Payable on September 27, 2024Corning Incorporated’s Board of Directors declared a quarterly dividend of $0.28 per share. The dividend will be payable on September 27, 2024, to shareholders of record on August 30, 2024.
Recent Insider Transactions • May 08Executive VP & Chief Strategy Officer recently sold €1.4m worth of stockOn the 6th of May, Jeffrey Evenson sold around 46k shares on-market at roughly €30.81 per share. This transaction amounted to 40% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €9.0m more than they bought in the last 12 months.
New Risk • May 04New minor risk - Insider sellingThere has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €1.8m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 155% Cash payout ratio: 108% Minor Risks High level of debt (52% net debt to equity). Large one-off items impacting financial results. Significant insider selling over the past 3 months (€1.8m sold).
공지 • May 03+ 1 more updateCorning Announces Quarterly Dividend, Payable on June 27, 2024Corning Incorporated’s Board of Directors declared a quarterly dividend of $0.28 per share. The dividend will be payable on June 27, 2024, to shareholders of record on May 31, 2024.
Buy Or Sell Opportunity • May 02Now 21% undervaluedOver the last 90 days, the stock has risen 5.2% to €31.11. The fair value is estimated to be €39.33, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 19%. Revenue is forecast to grow by 19% in 2 years. Earnings are forecast to grow by 188% in the next 2 years.
Reported Earnings • May 01First quarter 2024 earnings released: EPS: US$0.24 (vs US$0.21 in 1Q 2023)First quarter 2024 results: EPS: US$0.24 (up from US$0.21 in 1Q 2023). Revenue: US$2.98b (down 6.4% from 1Q 2023). Net income: US$209.0m (up 19% from 1Q 2023). Profit margin: 7.0% (up from 5.5% in 1Q 2023). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Electronic industry in Europe.
공지 • Mar 26Corning Incorporated to Report Q1, 2024 Results on Apr 30, 2024Corning Incorporated announced that they will report Q1, 2024 results on Apr 30, 2024
공지 • Mar 01Corning Incorporated, Annual General Meeting, May 02, 2024Corning Incorporated, Annual General Meeting, May 02, 2024, at 12:00 US Eastern Standard Time.
공지 • Feb 07Corning Announces Quarterly Dividend, Payable on March 28, 2024Corning Incorporated’s Board of Directors declared a quarterly dividend of $0.28 per share. The dividend will be payable on March 28, 2024, to shareholders of record on February 29, 2024.
New Risk • Feb 06New minor risk - Earnings qualityThe company has large one-off items impacting its financial results. One-off items were 34% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 163% Cash payout ratio: 155% Minor Risks High level of debt (48% net debt to equity). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (4.6% net profit margin).
Reported Earnings • Feb 05Full year 2023 earnings released: EPS: US$0.69 (vs US$1.56 in FY 2022)Full year 2023 results: EPS: US$0.69 (down from US$1.56 in FY 2022). Revenue: US$12.6b (down 11% from FY 2022). Net income: US$581.0m (down 56% from FY 2022). Profit margin: 4.6% (down from 9.3% in FY 2022). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Europe.
공지 • Jan 30Corning Incorporated Provides Earnings Guidance for the First-Quarter of 2024Corning Incorporated provided earnings guidance for the first-quarter of 2024. For the quarter, the company expects core sales of approximately $3.1 billion and core EPS in the range of $0.32to $0.38 and anticipates the first quarter to be the low quarter of the year.
공지 • Dec 19Corning Incorporated to Report Q4, 2023 Results on Jan 30, 2024Corning Incorporated announced that they will report Q4, 2023 results on Jan 30, 2024
Reported Earnings • Oct 25Third quarter 2023 earnings released: EPS: US$0.19 (vs US$0.25 in 3Q 2022)Third quarter 2023 results: EPS: US$0.19 (down from US$0.25 in 3Q 2022). Revenue: US$3.17b (down 9.0% from 3Q 2022). Net income: US$164.0m (down 21% from 3Q 2022). Profit margin: 5.2% (down from 6.0% in 3Q 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 3 years, compared to a 7.3% growth forecast for the Electronic industry in Europe.
공지 • Oct 25Corning Incorporated Provides Earnings Guidance for Fourth-Quarter 2023Corning Incorporated provided earnings guidance for fourth-quarter 2023. For the period, company expects core sales of approximately $3.25 billion, core gross margin percentage similar to the third quarter despite the sequential sales decline, core EPS in the range of $0.37 to $0.42, and another quarter of strong free cash flow.
공지 • Sep 27Corning Incorporated to Report Q3, 2023 Results on Oct 24, 2023Corning Incorporated announced that they will report Q3, 2023 results on Oct 24, 2023
Recent Insider Transactions • Jul 30Chairman & CEO recently sold €3.1m worth of stockOn the 26th of July, Wendell Weeks sold around 100k shares on-market at roughly €30.51 per share. This transaction amounted to 10% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Wendell's only on-market trade for the last 12 months.
Reported Earnings • Jul 26Second quarter 2023 earnings released: EPS: US$0.33 (vs US$0.67 in 2Q 2022)Second quarter 2023 results: EPS: US$0.33 (down from US$0.67 in 2Q 2022). Revenue: US$3.24b (down 10% from 2Q 2022). Net income: US$281.0m (down 50% from 2Q 2022). Profit margin: 8.7% (down from 16% in 2Q 2022). Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Europe.
공지 • Jul 26Corning Incorporated Provides Sales Guidance for the Third Quarter of 2023Corning Incorporated provided sales guidance for the third quarter of 2023. For the quarter, the company expected Core Sales of about $3.5 billion.
공지 • Jul 14Corning Incorporated Launches Corning®? Viridian™ VialsCorning Incorporated launched Corning® Viridian™ Vials, the latest innovation in its expanding pharmaceutical glass-packaging portfolio. Viridian Vials bring performance and sustainability together. The new technology can improve filling-line efficiency by up to 50% while reducing vial-manufacturing carbon-dioxide-equivalent (CO2e) emissions by up to 30%. Injectable medicines play an increasingly important role in global health. As demand for these medicines rises, pharmaceutical manufacturers are looking to increase production efficiently while reducing the environmental impact of their supply chain. Viridian Vials use 20% less glass material than conventional glass vials, with no impact on the quality or safety of the vial. This reduction in glass material lowers manufacturing and transportation-related emissions by up to 30% and decreases the total amount of glass entering the waste stream. In addition, Viridian's low-friction external coating minimizes cracks, breaks, and cosmetic rejects while improving filling-lineefficiency by up to 50%. West Pharmaceutical Services will be the exclusive distributor of Viridian Vial Technology. Corning's ongoing collaboration with West brings together two industry leaders with a shared commitment to using resources responsibly to help create a healthier, more sustainable world.
공지 • Jun 25Corning Incorporated(NYSE:GLW) dropped from Russell 1000 Growth IndexCorning Incorporated(NYSE:GLW) dropped from Russell 1000 Growth Index
공지 • Jun 21Corning Incorporated Appoints Thomas D. French to its Board of DirectorsCorning Incorporated’s Board of Directors announced that Thomas D. French, former senior partner and current senior partner emeritus with McKinsey & Company, has been appointed to Corning’s Board of Directors, effective June 20, 2023. Mr. French will serve on the board’s Audit Committee as well as its Corporate Responsibility and Sustainability Committee. He will hold office until Corning’s annual meeting of shareholders in the spring of 2024, at which time he will stand for election to a one-year term. His appointment brings the number of Corning directors to 16. Mr. French retired as a senior partner of McKinsey & Company in December 2019, and currently is senior partner emeritus. During his 33-year career with McKinsey, he served leading technology-driven industrial companies on issues of strategy, marketing, corporate governance, and organization design. He led the firm’s Global Marketing and Sales Practice for five years, the Americas Practice for seven years, and served on multiple firm governance committees. He is a trustee of several non-profit organizations. Mr. French brings four decades of management consulting experience to the Board. In particular, he brings deep familiarity with how global, technology-driven companies approach strategic planning, digital transformation, customer engagement, organization design, innovation, and matters of governance. In his role leading McKinsey’s Global Marketing and Sales Practice, he gained unique insight into how innovation-driven industrial companies commercialize new technologies and build businesses. He is also deeply versed in the dynamics of Corning’s end markets, including telecommunications, display glass, advanced materials, and consumer electronics.
Recent Insider Transactions • May 03Insider recently sold €863k worth of stockOn the 1st of May, Cheryl Capps sold around 29k shares on-market at roughly €30.21 per share. This transaction amounted to 22% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €2.7m more than they bought in the last 12 months.
Reported Earnings • Apr 27First quarter 2023 earnings released: EPS: US$0.21 (vs US$0.69 in 1Q 2022)First quarter 2023 results: EPS: US$0.21 (down from US$0.69 in 1Q 2022). Revenue: US$3.18b (down 14% from 1Q 2022). Net income: US$176.0m (down 70% from 1Q 2022). Profit margin: 5.5% (down from 16% in 1Q 2022). Revenue is forecast to grow 6.1% p.a. on average during the next 3 years, compared to a 7.6% growth forecast for the Electronic industry in Europe.
Recent Insider Transactions • Feb 19Insider recently sold €191k worth of stockOn the 16th of February, John Zhang sold around 6k shares on-market at roughly €33.27 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.2m more than they bought in the last 12 months.
공지 • Feb 09Corning Incorporated Announces Increase in Quarterly Dividend, Payable on March 30, 2023Corning Incorporated declared a quarterly dividend of $0.28 per share, a 3.7% increase versus the company’s previous quarterly common stock dividend of $0.27. The dividend will be payable on March 30, 2023, to shareholders of record on Feb. 28, 2023.
Recent Insider Transactions • Feb 08Insider recently sold €154k worth of stockOn the 3rd of February, John Zhang sold around 5k shares on-market at roughly €33.18 per share. This transaction amounted to 45% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €1.0m more than they bought in the last 12 months.
Reported Earnings • Feb 01Full year 2022 earnings released: EPS: US$1.56 (vs US$1.30 in FY 2021)Full year 2022 results: EPS: US$1.56 (up from US$1.30 in FY 2021). Revenue: US$14.2b (flat on FY 2021). Net income: US$1.32b (up 22% from FY 2021). Profit margin: 9.3% (up from 7.7% in FY 2021). Revenue is forecast to grow 4.9% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Electronic industry in Europe.
공지 • Feb 01Corning Incorporated Provides Earnings Guidance for the First-Quarter 2023Corning Incorporated provided earnings guidance for the first-quarter 2023. for the period, the company expects core sales in the range of $3.2 billion to $3.4 billion and core EPS in the range of $0.35 to $0.42. Management expects sales to decline more than seasonally due to pandemic-related disruptions in China. Management took actions to increase price and improve productivity in the fourth quarter of 2022. The company expects the benefits of these actions to begin in the first quarter of 2023 and, as a result, profitability to improve despite an anticipated sequential sales decline.
Buying Opportunity • Dec 07Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be €39.51, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 39%. For the next 3 years, revenue is forecast to grow by 5.2% per annum. Earnings is also forecast to grow by 8.5% per annum over the same time period.
공지 • Dec 02Corning Incorporated Redefines Tough with Corning Gorilla Glass Victus 2Corning Incorporated unveiled its newest glass innovation, Corning® Gorilla® Glass Victus® 2. Corning continues to push the boundaries of glass by expanding its Corning® Gorilla® Glass portfolio. With a new glass composition, Gorilla Glass Victus 2 delivers improved drop performance on rough surfaces like concrete, the world’s most abundantly engineered material, while preserving the scratch resistance of Gorilla Glass Victus. Corning’s extensive research has shown that 84% of consumers across three of the largest smartphone markets – China, India, and the United States – cite durability as the number one purchasing consideration behind brand itself. In lab tests, Gorilla Glass Victus 2 survived drops of up to one meter on a surface replicating concrete. Competitive aluminosilicate glasses from other manufacturers typically failed when dropped from half a meter or less. In addition, Gorilla Glass Victus 2 continued to survive drops up to two meters on a surface replicating asphalt and maintained scratch resistance up to four times better than competitive aluminosilicate. For more than a decade, Gorilla Glass has helped revolutionize the way communicate and transform the mobile consumer electronics industry. With nearly half a billion global consumers yet to transition to smartphones, Gorilla Glass will continue to solve tough consumer challenges and meet the needs of current and future smartphone users. Gorilla Glass Victus 2 is currently being evaluated by multiple customers and is expected to reach the market within the next few months. Gorilla Glass has been designed into more than 8 billion devices by more than 45 major brands. Throughout the company’s Mobile Consumer Electronics (MCE) market access platform, Corning continues its legacy of innovation with its market-leading cover glasses as well as glass and optics for semiconductor products that enhance performance, deliver new connectivity features, enable new designs, and support immersive user experiences with augmented reality and 3D sensing.