$GLW (Corning Inc.)

$GLW {{ '2015-07-28T12:24:12+0000' | timeago}} • Announcement

$GLW 2Q15 PR: Display Technologies net sales was down 20% YoverY at $789MM. Optical Communication net sales was up 16.6% YoverY at $800MM and Environmental Technologies down 8.7% at $260MM. Specialty Materials reported a decrease of 8.7% in net sales YoverY and Life Sciences down 5.3% at $211MM.

$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.

$GLW {{ '2017-04-25T12:24:22+0000' | timeago}} • Announcement

Corning posted a turnaround to profit in 1Q17 with $86MM of net income, from last year's loss of $368MM. $GLW earnings were $0.07 per share from a loss of $0.36 per share a year ago. Net sales improved 16% to $2.38Bil.

$GLW {{ '2017-01-24T12:32:41+0000' | timeago}} • Announcement

For 4Q16, $GLW posted net sales of $830MM in its largest segment, Display Technologies, up 13.38% from $732MM a year ago. In Optical Communications, net sales were $819MM, up 11.27% YoverY and in Environmental Technologies, sales was down 3.54% to $245MM. Specialty Materials sales rose 22.18% to $295MM, while Life Sciences sales rose by 1.98%.

$GLW {{ '2017-01-24T12:30:31+0000' | timeago}} • Announcement

Specialty glass maker $GLW posted higher 4Q16 results, helped by a strong results in Specialty Materials and Display Technologies. $GLW's net income rose 601.7% to $1572MM, or $1.47 per share from $224MM, or $0.17 per share a year ago. Net sales for the quarter rose 10.98% to $2.47Bil.

$GLW {{ '2016-10-25T17:49:26+0000' | timeago}} • Webcast

$GLW commented that on the Galaxy Note 7 recalls, the company did not see a big impact from an overall perspective, though the product used company's Gorilla Glass on its screen.

$GLW {{ '2016-10-25T17:36:29+0000' | timeago}} • Webcast

$GLW said that on a consolidated basis, the company expects 4Q16 GM to be consistent with 3Q16 at 43%. The company added that this guidance reflects the higher sales it expects in Optical Communications segment and YoverY cost reductions in the Display segment.

$GLW {{ '2016-10-25T17:33:43+0000' | timeago}} • Webcast

In Specialty Materials, $GLW expects high single digit YoverY sales growth in 4Q16, driven by volume growth in Gorilla Glass. In Life Sciences, 4Q16 sales are expected to up low single digits YoverY.

$GLW {{ '2016-10-25T17:31:11+0000' | timeago}} • Webcast

$GLW expects its Environmental Technologies 4Q16 sales to be down low single digits compared to a year ago, as the company is seeing weakness in the heavy duty truck market. In Specialty Materials, the company expects 4Q16 profitability to improve YoverY.

$GLW {{ '2016-10-25T17:22:59+0000' | timeago}} • Webcast

In Optical Communication, $GLW expects 3Q16 growth to continue into 4Q16. Sales for 4Q16 is expected to grow in the high single digit YoverY, helped by continued fiber-to-the-home strength.

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