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Mar 31, 2024
Corning Q1 2024 Earnings Report
Corning's first-quarter results were at the high end of their guidance, with encouraging signs of improving market conditions.
Key Takeaways
Corning Incorporated reported its first-quarter 2024 financial results, with results at the high end of guidance. The company saw encouraging signs of improving market conditions and reaffirms expectation that first-quarter sales will mark the low point of the year. Management expects core sales to grow sequentially to approximately $3.4 billion in the second quarter of 2024, with core EPS in the range of $0.42 to $0.46.
First-quarter results were at the high end of guidance.
The company is seeing encouraging signs of improving market conditions.
Corning is executing plans to add more than $3 billion in annualized sales within the next three years.
Actions to increase price and improve productivity ratios are paying off, with core gross margin growing by 160 basis points.
Corning
Corning
Corning Revenue by Segment
Revenue by Segment
Optical Communications Revenue
CapyFin.comDisplay Technologies Revenue
CapyFin.comSpecialty Materials Revenue
CapyFin.comLife Sciences Revenue
CapyFin.comHemlock & Emerging Revenue
CapyFin.com Forward Guidance
Management expects core sales to grow sequentially to approximately $3.4 billion in the second quarter of 2024, with core EPS in the range of $0.42 to $0.46
Revenue & Expenses
Visualization of income flow from segment revenue to net income