Corning (GLW) 10-K Summary — Year Ended Dec 31, 2024
Corning applies its expertise in glass and ceramic science to serve multiple industries. The company reported a revenue increase relative to the prior year, with positive operating income and cash flow.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Corning applies its expertise in glass and ceramic science to serve multiple industries. The company reported a revenue increase relative to the prior year, with positive operating income and cash flow.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$13.1B
Revenue reported for the fiscal year.
Operating income
$1.1B
Income from operations reported for the year.
Net income
$506M
Net income reported for the year.
Operating cash flow
$1.9B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $14.1B | n/a |
| Dec 31, 2022 | $14.2B | +0.8% |
| Dec 31, 2023 | $12.6B | -11.3% |
| Dec 31, 2024 | $13.1B | +4.2% |
Business overview
Corning is a materials science company with over 170 years of history, specializing in glass, ceramic, and optical physics. It serves markets including optical communications, mobile consumer electronics, display, automotive, solar, semiconductor, and life sciences. Its products include damage-resistant cover glass, precision glass for displays, and optical fiber and cable solutions.
Financial performance
Annual revenue rose compared to the previous year. Operating income and net income were both positive. The company generated strong operating cash flow.
Material risks
The filing includes a discussion of risk factors, but the provided context does not contain the specific risk items. Readers should refer to the full filing for a detailed list of material risks.
Liquidity and capital
The company reported positive operating cash flow, indicating its ability to generate cash from operations. The filing's liquidity section does not provide further details in the supplied context.
What to watch
Monitor whether revenue growth continues in the next period, given the recent recovery.