corning inc (GLW:New York Consolidated)
corning inc (GLW) Snapshot
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Open
$15.36
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Previous Close
$15.80
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Day High
$15.79
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Day Low
$15.23
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52 Week High
05/20/13 - $16.43
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52 Week Low
08/1/12 - $10.62
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Market Cap
23.2B
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Average Volume 10 Days
14.7M
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EPS TTM
$1.28
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Shares Outstanding
1.5B
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EX-Date
05/29/13
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P/E TM
12.3x
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Dividend
$0.40
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Dividend Yield
2.10%
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corning inc (GLW) Latest News
corning inc (GLW) Details
Corning Incorporated produces and sells specialty glasses, ceramics, and related materials worldwide. It operates through five segments: Display Technologies, Telecommunications, Environmental Technologies, Specialty Materials, and Life Sciences. The Display Technologies segment manufactures glass substrates for liquid crystal displays (LCDs) that are used in notebook computers, flat panel desktop monitors, and LCD televisions. The Telecommunications segment produces optical fiber and cable, and hardware and equipment products, including cable assemblies, fiber optic hardware and connectors, optical components and couplers, closures and pedestals, splice and test equipment, and accessories for optical connectivity to the telecommunications industry. This segment offers optical fiber technology products various applications, including premises, fiber-to-the-home access, metropolitan, long haul, and submarine networks. The Environmental Technologies segment manufactures ceramic substrates and filter products for emissions control in mobile and stationary applications. The Specialty Materials segment manufactures products that provide approximately 150 material formulations for glass, glass ceramics, and fluoride crystals. The Life Sciences segment develops, manufactures, and supplies scientific laboratory products, such as general labware and equipment, as well as media and reagents for cell culture, genomics, drug discovery, microbiology, and chemistry. It also develops and produces various technologies, including the Corning Epic technology for screening; the Corning HYPER platform of vessels for cell yields; Corning CellBIND Surface; Corning Osteo Assay surface and Corning Synthemax II Surface; and Corning Microcarriers for cell scale-up, therapy, and vaccine applications. The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is based in Corning, New York.
corning inc (GLW) Top Compensated Officers
corning inc (GLW) Key Developments
Corning Incorporated announced that Lewis A. Steverson, will join the company as senior vice president and general counsel in June, following his formal election to these roles by the company's board of directors. Steverson will succeed Vincent P. Hatton, who will retire in August. Steverson will report to Wendell P. Weeks, chairman, chief executive officer and president. Hatton's retirement follows seven years as general counsel and more than 32 years in the company's legal department. He joined the company in 1981 as an assistant corporate counsel. He was named general counsel in February, 2006. Steverson comes to the general counsel role with 18 years of experience at Motorola Inc. and Motorola Solutions Inc. He has served as senior vice president, general counsel and secretary to the board of Motorola Solutions Inc., since January 2011 when Motorola spun off its Mobility business and changed its name to Motorola Solutions.
Gordon Gund, 72, Chairman and Chief Executive Officer of Gund Investment Corporation, retired from the Corning Inc. Board of Directors after the April 25, 2013 Annual Meeting of Shareholders pursuant to the Board's mandatory retirement policy, and after nearly 23 years as a Corning Director. Dr. H. Onno Ruding, 72, Retired Vice Chairman of Citicorp and Citibank, N.A. and former Minister of Finance of The Netherlands, also retired from the company Board of Directors after the April 25, 2013 Annual Meeting of Shareholders pursuant to the Board's mandatory retirement policy, and after 18 years as a Corning Director.
The board is lauding a $250 million expansion of the Corning Incorporated diesel plant in the Town of Erwin. The expansion is projected to create 250 full-time jobs and retain an additional 500 jobs in Steuben County. The Board of Directors approved the capital expansion project to increase its manufacturing capacity of diesel emissions control products. The 94,000 square-foot expansion of the diesel products plant will occur over a three-year period, addressing growing demand for control products.
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Industry Analysis
GLW
Industry Average
| Valuation | GLW | Industry Range |
| Price/Earnings | 13.8x |
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| Price/Sales | 3.0x |
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| Price/Book | 1.1x |
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| Price/Cash Flow | 13.5x |
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| TEV/Sales | 1.9x |
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Post a JobJobs
- Erin, NY | CorningPosted: May 23
- Keller, TX | CorningPosted: May 22
- Painted Post, NY | CorningPosted: May 23
- Corning, NY | CorningPosted: May 23
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