Corning (GLW) Reports In-Line Q2 EPS

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Go back to Corning (GLW) Reports In-Line Q2 EPS

Corning Reports Strong Second-Quarter Results Highlighted by Continued Growth and Improved Profitability

July 26, 2022 7:10 AM EDT

CORNING, N.Y., July 26, 2022 (GLOBE NEWSWIRE) -- Corning Incorporated (NYSE: GLW) today announced second-quarter 2022 results and provided its outlook for third-quarter and full-year 2022.

Corning executed very well in a challenging external environment and delivered outstanding second-quarter results, with year-over-year sales and EPS growth of 7% and 8%, respectively. We also delivered $440 million of free cash flow in the quarter and improved profitability sequentially, said Wendell P. Weeks, chairman and chief executive officer.

Weeks continued, Although three of our significant demand drivers panel maker utilization,... More