2020 Annual Report

2020 Highlights

Financial Highlights

Financial Highlights

In millions, except per share amounts

As reported – GAAP

  2020 2019 2018
Net Sales $11,303 $11,503 $11,290
Net income attributable to Corning Incorporated $512 $960 $1,066
Diluted earnings per common share attributable to Corning Incorporated $0.54 $1.07 $1.13

Core performance*

  2020 2019 2018
Net Sales $11,452 $11,656 $11,398
Net Income attributable to Corning Incorporated $1,237 $1,578 $1,673
Diluted earnings per common share  attributable to Corning Incorporated $1.39 $1.76 $1.78

*Core performance measures are non-GAAP financial measures. The reconciliation between these non-GAAP measures and their most directly comparable GAAP measure is provided on pages 34 through 37 of our 2020 Form 10-K, as well as on the Company’s website. Core performance measures are adjusted to exclude the impact of changes in foreign exchange rates, as well as other items that do not reflect ongoing operations of the Company. The Company believes that the use of constant currency reporting allows investors to understand our results without the volatility of currency fluctuations, and reflects the underlying economics of the translated earnings contracts used to mitigate the impact of changes in currency exchange rates on our earnings and cash flows.

Corning’s Senior Leadership Team

Corning's Market-Access Platforms


Corning is guided by an enduring set of Values that defines our relationship with employees, customers, and our communities.

  • Quality

    Total Quality is the guiding principle of Corning's business life. It requires each of us, individually and in teams, to understand, anticipate, and surpass the expectations of our customers. Total Quality demands continuous improvement in all our processes, products, and services. Our success depends on our ability to learn from experience, to embrace change, and to achieve the full involvement of all our employees.

  • Integrity

    Integrity is the foundation of Corning's reputation. We have earned the respect and trust of people around the world through more than a century of behavior that is honest, decent, and fair. Such behavior must continue to characterize all our relationships, both inside and outside the Corning network.

  • Performance

    Providing Corning shareholders a superior long-term return on their investment is a business imperative. This requires that we allocate our resources to ensure profitable growth, maintain an effective balance between today and tomorrow, deliver what we promise, and tie our own rewards directly to our performance.

  • Leadership

    Corning is a leader, not a follower. Our history and our culture impel us to seek a leadership role in our markets, our multiple technologies, our manufacturing processes, our management practices, and our financial performance. The goods and services we produce are never merely ordinary and must always be truly useful.

  • Innovation

    Corning leads primarily by technical innovation and shares a deep belief in the power of technology. The company has a history of great contributions in science and technology, and it is this same spirit of innovation that has enabled us to create new products and new markets, to introduce new forms of corporate organization, and to seek new levels of employee participation. We embrace the opportunities inherent in change, and we are confident in our ability to help shape the future.

  • Independence

    Corning cherishes — and will defend — its corporate freedom. That independence is our historic foundation. It fosters the innovation and initiative that has made our company great, and will continue to provide inspiration and energy to all parts of our network in the future.

  • The Individual

    We know that in the end the commitment and contribution of all our employees will determine our success. Corning believes in the fundamental dignity of the individual. Our network consists of a rich mixture of people of diverse nationality, race, gender, and opinion, and this diversity will continue to be a source of our strength. We value the unique ability of each individual to contribute, and we intend that every employee shall have the opportunity to participate fully, to grow professionally, and to develop to his or her highest potential.

2021 Proxy Statement PDF


2020 10-K PDF


Shareholder Letter PDF


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