$GLW (Corning Inc.)

$GLW {{ '2015-07-28T13:49:42+0000' | timeago}} • Webcast

$GLW 2Q15 Q&A: Regarding a question asked by Mohan of BofA about display profitability expectations, Wendell commented that with less volume, GLW would expect not to have the ability to hit the flatness it’s hoping for in display; probably little bit down. Display team is working on how to do better on cost reduction in this period of lower demand.

$GLW {{ '2017-10-30T16:36:12+0000' | timeago}} • Webcast

$GLW said it is on track to achieve the goal of returning $12.5Bil to shareholders over four-year period, of which $8.35Bil has been returned through 3Q17. For 4Q17, the company is looking for an investment spread that is similar to 3Q17, with primary focus on optical communications, mobile consumer electronics and the automotive division.

$GLW {{ '2017-10-30T16:12:18+0000' | timeago}} • Webcast

$GLW expects its 4Q17 gross margin to be consistent with the third quarter, at approximately 42%. In 4Q17, SG&A expenses and RD&E expenses are estimated to be above 14% and 8% of sales, respectively. Gross equity income is forecast to be in the $110-$120MM range, and effective tax rate at 19%. Full-year effective tax rate is expected to be 18.5%.

$GLW {{ '2017-10-30T15:50:17+0000' | timeago}} • Webcast

Presenting its outlook after the 3Q17 earnings release, $GLW said it is on track to achieve 15% sales growth this year, and sees more than $5Bil in sales for the optical division by 2020. The  market for Corning’s display-related products is expected to grow in mid-single digits in FY17, with overall pricing improving towards end of the year.

$GLW {{ '2017-10-30T15:21:53+0000' | timeago}} • Webcast

Glass manufacturer $GLW said it anticipates to generate $26-30Bil in cash through 2019 under the capital allocation framework, and plans dividend payments and share repurchases worth $12.5Bil. In 2018 and 2019, the dividend will be increased by at least 10% annually. The company continues to follow the strategy of investing in R&D and acquisitions.

$GLW {{ '2017-10-24T16:15:07+0000' | timeago}} • Infographic

$GLW Corning Inc. Earnings AlphaGraphic: Q3 2017 Highlights

$GLW {{ '2017-10-24T12:41:04+0000' | timeago}} • Announcement

$GLW expects its Display Technologies unit to stay in the growth zone in 4Q17. Optical Communications and Environmental Technologies are seen growing in high single digits and low-teens percentage respectively, while Specialty Materials is forecast to gain by low-to mid-teens percentage. Life Sciences is anticipated to expand by a mid-single digit.

$GLW {{ '2017-10-24T12:27:47+0000' | timeago}} • Announcement

Led by strong demand for Gorilla Glass, which is used in laptops, sales of $GLW’s Specialty Materials segment climbed 26% YoY to $373MM in 3Q17. Life Sciences sales grew 4%, and sales of the Environmental Technologies division moved up 5%. The Optical Communications division registered a 15% growth, while Display Technologies sales dropped 15%.

$GLW {{ '2017-10-24T12:07:56+0000' | timeago}} • Announcement

Sales of glass manufacturer $GLW grew 4% to $2.6Bil in third quarter, supported by strong demand for its flagship product Gorilla Glass. All business segments, except one, registered growth during 3Q17. GAAP earnings advanced to $390MM, and earnings per share climbed 50% to $0.39, surpassing estimates. Core earnings were $0.43 per share, up 2% YoY.

$GLW {{ '2017-07-26T15:09:11+0000' | timeago}} • Announcement

For 3Q17, Environmental Technologies sales are expected to increase by a low single-digit percentage vs a year ago for $GLW; while Specialty Materials sales growth rate is expected to increase by a low-to-mid teen percentage. In Life Sciences, sales are expected to grow by a low single-digit percentage on a y-o-y basis for the coming quarter.

$GLW {{ '2017-07-26T14:56:30+0000' | timeago}} • Announcement

“For the year, we anticipate glass demand will be up by a mid-single digit percentage, in line with the overall market. We expect glass prices to decline 10% or less this year,” CFO Tony Tripeny said, as $GLW posted 2Q17 results.

$GLW {{ '2017-07-26T14:55:33+0000' | timeago}} • Announcement

In 3Q17, the overall LCD glass market and $GLW’s volume are expected to increase by a low single-digit percentage sequentially. Sequential glass price declines are touted to be moderate and similar to the second-quarter sequential decline.

$GLW {{ '2017-07-26T14:53:01+0000' | timeago}} • Announcement

With no gain on realignment of equity investment of $2.7Bil like a year ago, Gorilla Glass maker $GLW posted an 80% slide in 2Q17 net income of $439MM or $0.42 per share. Net sales inched 6% up to $2.5Bil in the quarter while returning nearly $800M through dividends and share buybacks.

$MRK {{ '2017-07-21T15:21:07+0000' | timeago}} • Announcement

President Donald Trump announced that pharma giants $MRK and $PFE are collaborating with Gorilla Glass manufacturer Corning ($GLW) for manufacturing a new glass (Valor Glass), which is superior and reliable for the delivery of injectable drugs. Corning is planning to initially invest $500MM creating 1,000 jobs at 3 facilities in US.

$VZ {{ '2017-05-31T13:00:35+0000' | timeago}} • Announcement

$VZ announced a 3-year minimum purchase agreement with $GLW to provide fiber optic cable and associated hardware for Verizon for its nationwide wireless broadband network. The deal calls for Verizon to purchase up to 12.4MM miles of optical fiber each year from 2018 through 2020, with a minimum purchase commitment of $1.05Bil.

$AAPL {{ '2017-05-12T11:43:57+0000' | timeago}} • Announcement

$AAPL said $GLW will receive $200MM from $AAPL's new Advanced Manufacturing Fund as part of its commitment to foster innovation among American manufacturers. The investment will support $GLW's R&D, capital equipment needs and state-of-the-art glass processing.

$GLW {{ '2017-04-25T14:03:48+0000' | timeago}} • Webcast

On LCD glass pricing, $GLW said that there is a mixed shift to other new glasses, although the vast majority is the traditional LCD glass. The company believes the pricing environment in 2017 would be about 10% on a YoY basis.

$GLW {{ '2017-04-25T13:57:48+0000' | timeago}} • Webcast

$GLW said that the company has not had any changes in its hedging levels since the last update. The company added that it's still about 70% hedged from 2016 through 2022.

$GLW {{ '2017-04-25T12:36:06+0000' | timeago}} • Announcement

$GLW expects FY17 LCD glass prices to decline by about 10%, or at a lower rate. 2Q17 sales for Optical Communications is seen to be up approximately 10% year over year. While sales growth rate of Specialty Materials is expected to be in the high teens year over year, Life Sciences segment is expected to have a low-single digit percent growth.

$GLW {{ '2017-04-25T12:32:22+0000' | timeago}} • Announcement

$GLW plans to deliver more than $12.5Bil to shareholders while investing $10Bil in growth opportunities and sustained leadership between 2016 and 2019. $VZ has committed to purchase at least $1.05Bil of optical fiber and associated solutions from Corning, the company said while posting 1Q17 results.

$GLW {{ '2017-04-25T12:28:40+0000' | timeago}} • Announcement

In 1Q17, $GLW saw Display Technologies net sales rise 4% to $736MM. Optical Communications net sales jumped 34% to $818MM. Environmental Technologies net sales rose 4% to $275MM, while Specialty Materials net sales surged 32% to $300MM. Net sales for Life Sciences segment inched 3% up to $210MM.

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