Focusing resources to maximize profits and investor value
As a company that has weathered the changing tides of global markets and trends for more than 160 years, Corning will continue to increase its probability of success and maximize the return on innovation.
Focused around the core of what Corning does – invent, make, and sell – Corning’s new Strategy and Capital Allocation Framework is based on three core technologies, four manufacturing and engineering platforms, and five market-access platforms. This framework centers on creating value, generating the greatest amount of cash flow, and managing through global economic shifts.
“By focusing our portfolio and managing it more cohesively, we are ultimately enhancing our value," said Tony Tripeny, chief financial officer. "In the process, we will reward our shareholders with consistent, significant distributions.”