GLW Q1 2022 Earnings — Corning Incorporated Revenue & Financial Results | Market Cap Arena

GLWCorning Incorporated

$119B

Q1 2022 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$3.7B+11.9% YoY

Gross Profit

$1.3B34.9% margin

Operating Income

$570M15.5% margin

Net Income

$581M15.8% margin

EPS (Diluted)

$0.68

QoQ Revenue Growth

+0.1%

Cash Flow

Operating Cash Flow

$534M

Free Cash Flow

$151M

Stock-Based Comp.

$42M

Balance Sheet

Total Assets

$30.3B

Total Liabilities

$17.6B

Stockholders' Equity

$12.4B

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.7B	$3.3B	+11.9%
Gross Profit	$1.3B	$1.2B	+11.0%
Operating Income	$570M	$502M	+13.5%
Net Income	$581M	$599M	-3.0%

Revenue Segments

Optical Communications

$1.2B36%

Display Technologies

$959M28%

Specialty Materials

$493M15%

Environmental Technologies

$409M12%

Life Sciences

$310M9%