GLW Q1 2023 Earnings — Corning Incorporated Revenue & Financial Results | Market Cap Arena

GLWCorning Incorporated

$119B

Q1 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$3.2B-13.6% YoY

Gross Profit

$1.0B31.6% margin

Operating Income

$297M9.3% margin

Net Income

$176M5.5% margin

EPS (Diluted)

$0.20

QoQ Revenue Growth

-6.7%

Cash Flow

Operating Cash Flow

-$49M

Free Cash Flow

-$431M

Stock-Based Comp.

$52M

Balance Sheet

Total Assets

$28.8B

Total Liabilities

$16.6B

Stockholders' Equity

$11.9B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.2B	$3.7B	-13.6%
Gross Profit	$1.0B	$1.3B	-21.8%
Operating Income	$297M	$570M	-47.9%
Net Income	$176M	$581M	-69.7%

Revenue Segments

Optical Communications

$1.1B38%

Display Technologies

$763M26%

Environmental Technologies

$431M14%

Specialty Materials

$406M14%

Life Sciences

$256M9%