Insider Chart Past 6 Months
Technical Chart
Filings by transaction date
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Zhang John ZOwnership Type:Direct OwnershipSecurities:Performance Share UnitNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-13,652Price:--
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Zhang John ZOwnership Type:Direct OwnershipSecurities:Restricted Stock UnitNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-9,548Price:--
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Zhang John ZOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-11,845Price:$31.29
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Zhang John ZOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:13,652Price:--
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Zhang John ZOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:9,548Price:--
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Weeks Wendell POwnership Type:Direct OwnershipSecurities:Performance Share UnitNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-109,576Price:--
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Weeks Wendell POwnership Type:Direct OwnershipSecurities:Restricted Stock UnitNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-76,375Price:--
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Weeks Wendell POwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-90,559Price:$31.29
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Weeks Wendell POwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:109,576Price:--
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Weeks Wendell POwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:76,375Price:--
Filings by filing date
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Zhang John ZOwnership Type:Direct OwnershipSecurities:Performance Share UnitNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-13,652Price:--
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Zhang John ZOwnership Type:Direct OwnershipSecurities:Restricted Stock UnitNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-9,548Price:--
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Zhang John ZOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-11,845Price:$31.29
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Zhang John ZOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:13,652Price:--
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Zhang John ZOwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:9,548Price:--
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Weeks Wendell POwnership Type:Direct OwnershipSecurities:Performance Share UnitNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-109,576Price:--
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Weeks Wendell POwnership Type:Direct OwnershipSecurities:Restricted Stock UnitNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:-76,375Price:--
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Weeks Wendell POwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:F - Payment of exercise price or tax liability, exercise or vesting of a security under Rule 16b-3# or value acquired/disposed of:-90,559Price:$31.29
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Weeks Wendell POwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:109,576Price:--
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Apr 15, 2024 (filed on Apr 17, 2024)Insider Name:Weeks Wendell POwnership Type:Direct OwnershipSecurities:Common StockNature of Transaction:M - Exercise or conversion exempt under rule 16b-3# or value acquired/disposed of:76,375Price:--
News
Biz Brief
Sector: Technology | Industry: Electronic Equipment & Parts |
See Regulatory Filings on SEC |
Company Contact | |
Address: | One Riverfront Plaza CORNING NY 14831-0001 |
Tel: | 1-607-9746716 |
Website: | https://www.corning.com |
IR: | See website |
Key People | ||
Wendell P. Weeks Chairman of the Board, Chief Executive Officer | John Z. Zhang Senior Vice President, General Manager, Display and Corning Asia | Eric S. Musser President, Chief Operating Officer |
Edward A. Schlesinger Chief Financial Officer, Executive Vice President | Lewis A. Steverson Executive Vice President, Chief Legal and Administrative Officer | Martin J. Curran Executive Vice President - Innovation Officer |
Jeffrey W. Evenson Executive Vice President, Chief Strategy Officer | Jaymin Amin Senior Vice President, Chief Technology Officer | Soumya Seetharam Senior Vice President, Chief Digital and Information Officer | Avery H. Nelson Senior Vice President and General Manager, Automotive and Solar |
Business Overview |
Corning Incorporated is a materials science technology and innovation company. The Company operates through five segments: Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies and Life Sciences. The Optical Communications segment manufactures carrier network and enterprise network components for the telecommunications industry. Display Technologies segment manufactures glass substrates for flat panel displays, including liquid crystal displays and organic light-emitting diodes. Its Specialty Materials segment is engaged in manufacturing products that provide material formulations for glass, glass ceramics and fluoride crystals to meet demand for customer needs. Its Environmental Technologies segment manufactures ceramic substrates and filters for emission control systems in mobile applications. Its Life Sciences segment manufactures labware, equipment, media, serum and reagents enabling workflow solutions for drug discovery and bioproduction. |
Financial Overview |
For the three months ended 31 March 2024, Corning Inc revenues decreased 6% to $2.98B. Net income increased 19% to $209M. Revenues reflect a decrease in demand for the Company's products and services due to unfavorable market conditions. Net income reflects Other expense, net increase from $8M to $74M (income), Interest income increase of 71% to $12M (income), Amortization of purchased intangibles decrease of 3% to $30M (expense). |
Employees: | 49,800 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $34,555M as of Mar 31, 2024 |
Annual revenue (TTM): | $12,385M as of Mar 31, 2024 |
EBITDA (TTM): | $2,630M as of Mar 31, 2024 |
Net annual income (TTM): | $614.00M as of Mar 31, 2024 |
Free cash flow (TTM): | -$103.00M as of Mar 31, 2024 |
Net Debt Last Fiscal Year: | $6,003M as of Mar 31, 2024 |
Shares outstanding: | 819,000,000 as of Mar 31, 2024 |
Index Membership: | S&P 500 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |