GLW Q3 2023 Earnings — Corning Incorporated Revenue & Financial Results | Market Cap Arena

GLWCorning Incorporated

$119B

Q3 2023 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$3.2B-9.0% YoY

Gross Profit

$1.0B31.6% margin

Operating Income

$236M7.4% margin

Net Income

$164M5.2% margin

EPS (Diluted)

$0.19

QoQ Revenue Growth

-2.2%

Cash Flow

Operating Cash Flow

$722M

Free Cash Flow

$381M

Stock-Based Comp.

$57M

Balance Sheet

Total Assets

$28.3B

Total Liabilities

$16.5B

Stockholders' Equity

$11.4B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.2B	$3.5B	-9.0%
Gross Profit	$1.0B	$1.1B	-5.5%
Operating Income	$236M	$292M	-19.2%
Net Income	$164M	$208M	-21.2%

Revenue Segments

Display Technologies

$972M31%

Optical Communications

$918M29%

Specialty Materials

$563M18%

Environmental Technologies

$449M14%

Life Sciences

$230M7%