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Home > Fortune 500 Companies > Corning Inc
Corning Inc
Corning Inc is a publicly traded company having a good stock performance result. The company is a fortune 500 stock listed company trading under GLW. Mr. Flaws joined Corning in 1973 and Mr. Houghton joined Corning in 1962. He was elected a vice president of Corning.
GLW has a proud history of enriching people’s lives through research and technological innovation. For over 150 years, they have developed life-changing innovations including the glass for Edison's light bulb, ultra-thin glass for Active Matrix Liquid Crystal Displays (AMLCDs), ceramic substrates for diesel and automotive emissions control, and the first commercially viable, low-loss fiber for use in telecommunications.
The displaying technology has made the company a worldwide leading supplier of large generation, high technology glass substrates. It is used in active matrix Liquid Crystal Displays (LCDs). Eagle substrates have become the industry standard in premium quality substrates and are used in many notebook computers, desktop LCD monitors, LCD-TVs, cell phones, digital cameras and more sold around the world.
Corning Environmental Technologies offers leading solutions for emissions control challenges. They supply critical components that form the core of some of the world’s most effective pollution control systems, and deliver consistent, reliable and durable performance under demanding conditions.
The company produces the world’s most comprehensive line of scientific laboratory products for life science research. The customers succeed through innovative, high quality products, unrivaled service and a dedication to supply chain excellence from their end.
Corning Optical Fiber produces a wide range of optical fiber products designed to perform in a variety of applications, including long-haul, submarine, metro, access and premises, and leads the telecommunications industry in the development of new fiber designs.
For the full year, Corning recorded sales of 4.58 billion dollars, an increase of 19 percent over 2004 sales of 3.85 billion dollars. The increase was the result of strong growth in display technologies and more modest increases in the Telecommunications and Environmental Technologies segments. The company had net income of 585 million dollars or 0.38 dollars per share versus a net loss of 2.17 billion dollars or 1.56 dollars per share in 2004. Corning’s 2005 and 2004 net income included significant net special charges. Excluding these charges, Corning’s earnings for 2005 increased to 1.3 billion dollars or 0.85 dollars per share compared to 674 million dollars or 0.45 dollars per share in 2004.
The company is active in every market they serve, with professionals strategically positioned to deliver innovation wherever it's needed most. As such, they provide an environment of endless potential and possibility, where the best minds are encouraged to create the technologies of tomorrow.
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