Corning Incorporated Reports Earnings Results for the First Quarter Ended March 31, 2022
April 26, 2022 at 07:20 am EDT
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Corning Incorporated reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 3,680 million compared to USD 3,290 million a year ago. Net income was USD 581 million compared to USD 599 million a year ago. Basic earnings per share from continuing operations was USD 0.69 compared to USD 0.75 a year ago. Diluted earnings per share from continuing operations was USD 0.68 compared to USD 0.67 a year ago.
Corning Incorporated is the world leader of the production and the marketing of substrata of glass and ceramic of specialty. Net sales break down by market as follows:
- telecommunications (29.6%): products of fiber optical, cables, etc. for networks of communication;
- electronic large public (26%): glass substrata intended for screens of televisions sets LCD, PC and laptops;
- environment (13%): substrata of ceramic and filters intended for systems fight against vehicles emissions;
- life science (7.1%): in particular optical biosensors for pharmaceutical research;
- other (24.3%): solutions based on plastic and glass of specialty intended notably to the sectors of semiconductors, aerospace, defense, astronomy and metrology.
Net sales are distributed geographically as follows: the United States (32.7%), North America (3%), Asia/Pacific (51.5%), Europe (11.3%) and other (1.5%).
CORNING INCORPORATED 
