What does the company do?
Corning Incorporated (Corning is a global, technology-based company that operates in five business segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials and Life Sciences. Display Technologies segment manufactures glass substrates for use in liquid crystal flat panel displays. Telecommunications segment manufactures optical fiber and cable, and hardware and equipment components for the telecommunications industry. Environmental Technologies segment manufactures ceramic substrates and filters for automobile and diesel applications. Specialty Materials segment manufactures products that provide more than 150 material formulations for glass, glass ceramics and fluoride crystals to meet demand for customer needs. Life Sciences segment manufactures glass and plastic consumables for pharmaceutical and scientific applications. In September 2009, the Company acquired all the interest in Axygen BioScience, Inc. and its subsidiaries.
How much does the company sell and earn?
Investors need to know how much stuff or services a company sells, and how much of that total it keeps as income (or profit) to grow its business or return to shareholders. The more of each, the better. In general, look for companies that sell and earn more than peers.
- Corning Inc one-year sales: 4.95 Bil.
Difference from the average for the Communication Equipment group: -82.14% - Corning Inc one-year income: 1.52 Bil.
Difference from the average for the Communication Equipment group: 8718.15%| Sales & Income (past 12 months) | Company | Industry |
|---|
| Sales | 4.95 Bil | 27.70 Bil | | Income | 1.52 Bil | 17.20 Mil |
How fast is the company growing?
- Corning Inc one-year sales growth: -20.60%.
Difference from the average for the Communication Equipment group: -9.00 pct. pts. - Corning Inc one-year income growth: -74.70%.
Difference from the average for the Communication Equipment group: -55.70 pct. pts.| Sales & Income Growth (past 12 months) | Company | Industry |
|---|
| Sales Growth | -20.60% | -11.60% | | Income Growth | -74.70% | -19.00% |
How profitable is the company?
Investors prefer companies that increase profit margins -- the percentage of sales that they keep -- every year. This is accomplished either by lowering expenses or raising prices. Look for companies that consistently find ways to squeeze more profits out of sales than their peers.
- Corning Inc one-year net profit margin: 25.0%
Difference from the company's 5-year average net profit margin: 11.9 pct. pts.
| Net profit margins (%) |
|---|
| Company | 25.0% | | Company 5-Yr Avg. | 13.1% | | Industry | -1.9% |
How is the company's financial health?
The debt/equity ratio shows how much a firm has borrowed as a percentage of its stock equity. The lower, the better.
- Corning Inc debt/equity ratio: 0.14.
Difference from the average for the Communication Equipment group: -80.82%.
| | Company | Industry |
|---|
| Debt/equity ratio | 0.14 | 0.73 |
|
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