GLW Q3 2024 Earnings — Corning Incorporated Revenue & Financial Results | Market Cap Arena

GLWCorning Incorporated

$119B

Q3 2024 Earnings

Technology Hardware, Equipment & Parts

Income Statement

Revenue

$3.4B+6.9% YoY

Gross Profit

$1.1B33.5% margin

Operating Income

$302M8.9% margin

Net Income

-$117M-3.5% margin

EPS (Diluted)

$-0.14

QoQ Revenue Growth

+4.3%

Cash Flow

Operating Cash Flow

$699M

Free Cash Flow

$482M

Stock-Based Comp.

$76M

Balance Sheet

Total Assets

$28.3B

Total Liabilities

$16.9B

Stockholders' Equity

$11.1B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$3.4B	$3.2B	+6.9%
Gross Profit	$1.1B	$1.0B	+13.2%
Operating Income	$302M	$236M	+28.0%
Net Income	-$117M	$164M	-171.3%

Revenue Segments

Optical Communications

$1.2B36%

Display Technologies

$1.0B30%

Specialty Materials

$548M16%

Environmental Technologies

$382M11%

Life Sciences

$244M7%