Why Invest in Corning | Shareholder Rewards and Investor Relations | Corning

We use cookies to ensure the best experience on our website.
View Cookie Policy
Accept Cookie Policy
Change My Settings
Required for the site to function.
Augment your site experience.
Lets Corning work with partners to enable social features and marketing messages.

Diese Seite wird am besten mithilfe der neuesten Version von Google Chrome oder Mozilla Firefox angezeigt.


With over 160 years of delivering world-changing innovation, Corning rewards shareholders with reliable dividends as well as growth opportunities

A Record of Outstanding Industrial Performance

A Record of Outstanding Industrial Performance

Over the past decade, we’ve grown sales, net profit after tax (NPAT), earnings per share (EPS) and operating cash flow at double-digit rates.

We’ve beaten the competition in terms of growth in each of our business segments.

We’ve innovated to achieve the lowest-cost position in key businesses.

We’ve created new-to-the-world product categories, such as Corning® Gorilla® Glass, our heavy duty diesel substrates and filters, and our customized fiber-to-the-home solutions; used transformative manufacturing platforms; and built strong, trust-based relationships with the world’s leading customers. That process has served us well not only for the last decade of outstanding industrial performance, but for more than 165 years.

Committed to Growth Through Innovation

Committed to Growth Through Innovation

The primary way we grow is through innovation. Our diverse innovation portfolio includes products at all stages of development to drive both near-term and future growth. Our ability to innovate throughout a product and industry’s life cycle is one of the primary reasons for Corning’s long-term competitive advantage in the markets where we compete.

By innovating continuously, we’re able to capture a significant share of the market, achieve the lowest-cost manufacturing position, gain the trust and loyalty of our customers, and earn a higher share of the industry’s profits. In fact, over the past few years, we’ve generated approximately two-and-a-half times the profit per dollar of revenue versus competitors in our major market segments.

Our recent innovations include:

  • Corning® Gorilla® Glass SR+, which delivers an unparalleled combination of scratch resistance, optical clarity and toughness for wearable devices
  • Corning® Gorilla® Glass 5, designed to provide further protection against breakage from everyday drops
  • Vibrant Corning® Gorilla® Glass, which enables manufacturers to create colorful design options for devices while ensuring durability and optical clarity
  • The extension of Gorilla Glass into automotive and architectural marketsCorning® Iris™ glass, enabling thinner displays with replacement for plastic light-guide plates
  • Corning’s ONE™ Wireless technology that delivers robust, reliable optical connections in venues like Texas A&M University’s Kyle Field and Mercedes-Benz Stadium, home of Atlanta Falcons, starting in 2017
  • Corning® DuraTrap® GC gas particulate filters that reduce emissions from gasoline direct injection vehicles
  • Lotus™ NXT supports high resolution LCD and OLEDs with LTPS and Oxide backplanes, offering best-in-class glass dimensional stability, which is named “Total Pitch Variation,” in panel makers’ high-temperature manufacturing processes

Corning’s products and markets have changed many times over the years, but our innovations share fundamental ingredients: a really tough problem, a combination of materials and process innovation, and a solution that makes a real difference in people’s lives. From Thomas Edison’s light bulbs to the Hubble Telescope to Corning® Gorilla® Glass, this formula has led to more than 165 years of life-changing innovations, and we continue to apply it today.

Diverse Business Segments

Diverse Business Segments

Corning has multiple business segments that are contributing materially to the company’s growth. Display Technologies generates significant revenue, cash flow and profit, while our four other major business segments continue to grow, with particularly strong results demonstrated by Optical Communications.

Delivering Value to Shareholders

Delivering Value to Shareholders

In October 2015, Corning announced a Strategy and Capital Allocation Framework that reflects the company’s financial and operational strengths, as well as its ongoing commitment to capital stewardship.

Recognizing the company’s significant progress across multiple fronts, the Framework was updated in June 2016. Corning now expects to generate and deploy more than $26 billion through 2019, up from the previous plan to deploy more than $22 billion.

The Strategic and Capital Allocation Framework consists of two primary actions:

  • Return more than $12.5 billion to shareholders through share repurchases and increased dividends. As part of this plan, Corning intends to target an adjusted debt-to-EBITDA ratio of two times, and to reduce its global cash to approximately $2 billion.
  • Invest approximately $10 billion in Corning’s focused portfolio. Over the next four years, Corning will concentrate its RD&E investment, capital spending, and strategic M&A on a cohesive set of 3 core technologies, 4 manufacturing & engineering platforms, and 5 market-access platforms. Corning, already a leader in these areas, believes its focused-portfolio approach will allow it to generate substantial growth and returns for investors.

Recent successes include cash distributions, strategic transactions, product introductions, moderating pricing environment in Display, and our advancement of lowest cost manufacturing positions.  

Read more about our recent progress in our fourth-quarter and year-end 2016 press release from January 24, 2017 or listen to our fourth-quarter 2016 earnings conference call.

Strategic Transactions

Strategic Transactions

Under the Strategy and Capital Allocation Framework, Corning expects to use strategic transactions to help advance our growth.

In December 2016, Corning acquired Stran Technologies.  Read more about that transaction in the news release from December 20, 2016.

In June 2016, Corning acquired Alliance Fiber Optic Products (Nasdaq: AFOP). Read more about that transaction in the news release from June 6, 2016

In January 2016, the company announced a joint venture with Saint-Gobain Sekurit to develop, manufacture, and sell lightweight automotive glazing solutions. Read more about that transaction in the news release from January 19, 2016.

Realignment of Interest in Dow Corning Corporation

Realignment of Interest in Dow Corning Corporation

In June 2016, Corning completed a strategic realignment of our ownership interest in Dow Corning.

  • Corning exchanged its 50% interest in Dow Corning for 100% of a subsidiary that holds an equity interest in Hemlock Semiconductor Group, and approximately $4.8 billion in cash.
  • Dow Chemical Company assumed 100% ownership of Dow Corning.

The $4.8 billion in cash is the equivalent of approximately 30 times the annual equity earnings of Dow Corning’s silicones business, and the freedom to deploy this capital is a tremendous value driver for Corning shareholders. The realignment also was a significant milestone in delivering on Corning’s strategy to focus 80% of the company’s resources on our 3 core technologies, 4 manufacturing & engineering platforms, and 5 market-access platforms.

Read more about the company’s announcement of the strategic realignment in the news release on December 11, 2015 and on the completion on the realignment in a news release on June 1, 2016.