GLW Q1 2024 Earnings — Corning Incorporated Revenue & Financial Results | Market Cap Arena

GLWCorning Incorporated

$119B

Q1 2024 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$3.0B-6.4% YoY

Gross Profit

$993M33.4% margin

Operating Income

$254M8.5% margin

Net Income

$209M7.0% margin

EPS (Diluted)

$0.24

QoQ Revenue Growth

-0.6%

Cash Flow

Operating Cash Flow

$96M

Free Cash Flow

-$156M

Stock-Based Comp.

$60M

Balance Sheet

Total Assets

$27.6B

Total Liabilities

$16.1B

Stockholders' Equity

$11.2B

Cash & Equivalents

$1.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.0B	$3.2B	-6.4%
Gross Profit	$993M	$1.0B	-1.0%
Operating Income	$254M	$297M	-14.5%
Net Income	$209M	$176M	+18.8%

Revenue Segments

Optical Communications

$930M32%

Display Technologies

$872M30%

Environmental Technologies

$455M15%

Specialty Materials

$454M15%

Life Sciences

$236M8%