There can be no assurance that future developments will be in accordance with management’s expectations. You must click the link in the email to activate your subscription. Fourth-quarter sales were $795 million, and net income was $180 million. To receive notifications via email, enter your email address and select at least one subscription below. Under the Framework, Corning plans to deliver more than $12.5 billion to shareholders while investing $10 billion in growth opportunities.

The company expects glass price declines to remain moderate, down mid-single digits for the full year. “This provides a mechanism for us to grow – even in challenging environments.”. We do not undertake to update forward-looking statements. In Automotive we grew Environmental sales 16% while car sales were down. Some of the risks, uncertainties and other factors that could cause actual results to differ materially from those expressed in or implied by the forward-looking statements include, but are not limited to: the effects of acquisitions, dispositions and other similar transactions, global business, financial, economic and political conditions; tariffs and import duties; currency fluctuations between the U.S. dollar and other currencies, primarily the Japanese yen, euro, Chinese yuan and South Korean won; product demand and industry capacity; competitive products and pricing; availability and costs of critical components and materials; new product development and commercialization; order activity and demand from major customers; the amount and timing of our cash flows and earnings and other conditions, which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels; possible disruption in commercial activities due to terrorist activity, cyber-attack, armed conflict, political or financial instability, natural disasters, or major health concerns; unanticipated disruption to equipment, facilities, IT systems or operations; effect of regulatory and legal developments; ability to pace capital spending to anticipated levels of customer demand; rate of technology change; ability to enforce patents and protect intellectual property and trade secrets; adverse litigation; product and components performance issues; retention of key personnel; customer ability, most notably in the Display Technologies segment, to maintain profitable operations and obtain financing to fund their ongoing operations and manufacturing expansions and pay their receivables when due; loss of significant customers; changes in tax laws and regulations including the Tax Cuts and Jobs Act of 2017; the impacts of audits by taxing authorities; and the potential impact of legislation, government regulations, and other government action and investigations. After submitting your information, you will receive an email. Such statements relate to future events that by their nature address matters that are, to different degrees, uncertain. Such statements relate to future events that by their nature address matters that are, to different degrees, uncertain.

Corning's capabilities are versatile and synergistic, which allows the company to evolve to meet changing market needs, while also helping our customers capture new opportunities in dynamic industries. To participate, please call toll free (877) 226-8216 or for international access call (409) 207-6983 approximately 10-15 minutes prior to the start of the call. This revision is the result of one major fiber-to-the-home customer shifting its deployment from homes passed to homes connected by one quarter earlier than expected. Box 505000 These estimates are subject to change and uncertainty which are, in many instances, beyond our control. About Corning Incorporated Corning expects year-over-year growth in Optical Communications sales and profit to resume in the back half of 2020, driven by projects for 5G, fiber-to-the home, and hyperscale data center deployments. First-Quarter 2019 Results and Comparisons, *Core performance measures are non-GAAP financial measures.

Profitability was impacted by lower volume and reduced production to decrease inventory. The company expects Optical Communications full-year sales to decline by 5% to 10% as the lower level of sales experienced in the second half of 2019 continues throughout the first half of 2020. Corning succeeds through sustained investment in RD&E, a unique combination of material and process innovation, and deep, trust-based relationships with customers who are global leaders in their industries. Corning encourages investors, media, and other interested parties to review the information Corning may publish through its website and social media channels as described above, in addition to the company’s SEC filings, press releases, conference calls, and webcasts. Corning expects Specialty Materials to grow sales year over year in 2019, with the level dependent upon the adoption rate of Corning’s innovations. Ann H.S. Vice President  Investor Relations Presentation of Information in this News Release. Specialty Materials first-quarter sales were $309 million, up 11% year over year, driven by continued strong demand for the company’s portfolio of mobile consumer electronics glass solutions. Environmental Technologies 2019 sales were $1.5 billion, up 16% year over year, driven primarily by continued GPF adoption, and net income was $263 million. CORNING, N.Y. , Jan. 29, 2020 (GLOBE NEWSWIRE) - Corning Incorporated (NYSE: GLW) today announced results for fourth-quarter and full-year 2019.


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