GLW Q3 2022 Earnings — Corning Incorporated Revenue & Financial Results | Market Cap Arena

GLWCorning Incorporated

$119B

Q3 2022 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$3.5B-3.5% YoY

Gross Profit

$1.1B30.4% margin

Operating Income

$292M8.4% margin

Net Income

$208M6.0% margin

EPS (Diluted)

$0.24

QoQ Revenue Growth

-3.5%

Cash Flow

Operating Cash Flow

$706M

Free Cash Flow

$241M

Stock-Based Comp.

$52M

Balance Sheet

Total Assets

$28.7B

Total Liabilities

$17.2B

Stockholders' Equity

$11.3B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.5B	$3.6B	-3.5%
Gross Profit	$1.1B	$1.3B	-19.6%
Operating Income	$292M	$552M	-47.1%
Net Income	$208M	$371M	-43.9%

Revenue Segments

Optical Communications

$1.3B40%

Display Technologies

$686M21%

Specialty Materials

$519M16%

Environmental Technologies

$425M13%

Life Sciences

$312M10%