CORNING INC NY (GLW)
2025-06-30 | 2025-03-31 | 2024-09-30 | 2024-06-30 | |
|---|---|---|---|---|
| Net sales | 3,862 | 3,452 | 3,391 | 3,251 |
| Cost of sales | 2,470 | 2,238 | 2,254 | 2,302 |
| Gross margin | 1,392 | 1,214 | 1,137 | 949 |
| Amortization of purchased intangibles | 28 | 28 | 31 | 30 |
| Research, development and engineering expenses | 276 | 270 | 294 | 262 |
| Selling, general and administrative expenses | 515 | 471 | 510 | 471 |
| Operating income | 573 | 445 | 302 | 186 |
| Interest income | 5 | 12 | 12 | 10 |
| Interest expense | 83 | 82 | - | - |
| Translated earnings contract gain, net (note 13) | 131 | -101 | -157 | 27 |
| Other (expense) income, net | -42 | -34 | -166 | 33 |
| Interest expense | - | - | 83 | 84 |
| Income before income taxes | 584 | 240 | -92 | 172 |
| Provision for income taxes (note 4) | 84 | 55 | 3 | 50 |
| Net income | 500 | 185 | -95 | 122 |
| Net income attributable to non-controlling interest | 31 | 28 | 22 | 18 |
| Net income attributable to corning incorporated | 469 | 157 | -117 | 104 |
| Basic (note 5) (in dollars per share) | 0.55 | 0.18 | -0.14 | 0.12 |
| Diluted (note 5) (in dollars per share) | 0.54 | 0.18 | -0.14 | 0.12 |
| Weighted-average common shares outstanding - basic (in shares) | 855,000,000 | 855,000,000 | 854,000,000 | 853,000,000 |
| Weighted-average common shares outstanding - diluted (in shares) | 865,000,000 | 866,000,000 | 854,000,000 | 864,000,000 |