Corning Incorporated Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 26, 2021 at 07:17 am EDT
Share
Corning Incorporated reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 3,615 million compared to USD 3,001 million a year ago. Net income was USD 371 million compared to USD 427 million a year ago. Basic earnings per share from continuing operations was USD 0.44 compared to USD 0.53 a year ago. Diluted earnings per share from continuing operations was USD 0.43 compared to USD 0.48 a year ago.
For the nine months, sales was USD 10,406 million compared to USD 7,953 million a year ago. Net income was USD 1,419 million compared to USD 260 million a year ago. Basic earnings per share from continuing operations was USD 0.72 compared to USD 0.25 a year ago. Diluted earnings per share from continuing operations was USD 0.71 compared to USD 0.24 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 
