GLW - Conference and earnings call announcements

Corning Incorporated (NYSE:GLW) will hold an investor event at the New York Stock Exchange today to upgrade and extend its Springboard plan, driven by growth across its Market-Access Platforms (MAP). The company expects to reach its target of a $20 billion annualized sales run rate by the end of 2026, delivering a 15% sales CAGR from Q4 2023 to Q4 2026. Entering 2027, Corning will begin a new phase of accelerating growth, and the company expects a significantly higher sales CAGR of 19% from Q4 2026 to Q4 2030. Wendell P. Weeks, chairman, chief executive officer, and president, said, "As we enter a new phase of accelerating growth in 2027, we expect important contributions and milestones

Company raises 2023-2027 sales CAGR from 25% to 30% in Optical Communications' Enterprise business, driven by continued strong adoption of new Gen AI products for inside data centers Company launches a new Solar Market-Access Platform that is expected to increase sales, profit, and cash flow beginning in the third quarter Management raises first-quarter guidance; now expects sales to exceed $3.6 billion and EPS to come in at the high end of the range of $0.48 to $0.52 (1) In 2024, Corning shared details on its original high-confidence Springboard plan to add more than $3 billion in annualized sales, and to achieve operating margin of 20%, by the end of 2026. The starting point for Spring

Corning Incorporated (NYSE:GLW) today announced that Wendell P. Weeks, chairman and chief executive officer, will participate in a fireside chat at the J.P. Morgan 52nd Global Technology, Media and Communications Conference in Boston today. During the discussion, Weeks will review Corning's value-creation approach, which is centered on the company's focused and cohesive portfolio of capabilities. He will also outline Corning's framework to add more than $3 billion in annualized sales and deliver strong incremental profit and cash flow over the next three years. "We're seeing encouraging signs of improving market conditions, and we expect that the first quarter will be the low quarter fo