Corning Inc. Files 8-K on Corporate Matters
Ticker: GLW · Form: 8-K · Filed: Sep 19, 2024 · CIK: 24741
Sentiment: neutral
Topics: debt, corporate-filing
Related Tickers: GLW
TL;DR
Corning filed an 8-K on 9/19/24 covering its stock and debt notes, no major news.
AI Summary
Corning Incorporated (GLW) filed an 8-K on September 19, 2024, reporting on various corporate events. The filing includes information related to its common stock and outstanding notes, specifically the 3.875% Notes due 2026 and 4.125% Notes due 2031. No specific financial figures or new material business developments were detailed in this particular filing.
Why It Matters
This 8-K filing provides an update on Corning's corporate structure and outstanding debt, which is important for investors tracking the company's financial obligations and capital structure.
Risk Assessment
Risk Level: low — The filing is routine and does not disclose any new material risks or significant financial changes.
Key Players & Entities
- Corning Incorporated (company) — Registrant
- GLW (company) — Ticker Symbol
- September 19, 2024 (date) — Filing Date
- 3.875% Notes due 2026 (dollar_amount) — Outstanding Debt
- 4.125% Notes due 2031 (dollar_amount) — Outstanding Debt
FAQ
What is the primary purpose of this 8-K filing for Corning Incorporated?
The primary purpose of this 8-K filing is to report on corporate matters, including details related to its common stock and outstanding notes, as of September 19, 2024.
What specific debt instruments are mentioned in the filing?
The filing specifically mentions Corning's 3.875% Notes due 2026 and 4.125% Notes due 2031.
Does this filing disclose any new financial results or material business updates?
Based on the provided text, this filing does not appear to disclose new specific financial results or material business updates; it focuses on corporate structure and existing debt.
What is Corning Incorporated's state of incorporation?
Corning Incorporated is incorporated in New York.
What is the ticker symbol for Corning Incorporated?
The ticker symbol for Corning Incorporated is GLW.
Filing Stats: 703 words · 3 min read · ~2 pages · Grade level 12.2 · Accepted 2024-09-19 08:16:56
Key Financial Figures
- $0.50 — nge on which registered Common Stock, $0.50 par value per share GLW New York St
- $900 million — xpects to deliver segment net income of $900 million to $950 million in 2025 and to maintain
- $950 million — r segment net income of $900 million to $950 million in 2025 and to maintain net income marg
Filing Documents
- glw4381481-8k.htm (8-K) — 28KB
- glw4381481-ex991.htm (EX-99.1) — 18KB
- glw4381481-ex991x1x1.jpg (GRAPHIC) — 19KB
- 0001206774-24-000907.txt ( ) — 297KB
- glw-20240919.xsd (EX-101.SCH) — 4KB
- glw-20240919_pre.xml (EX-101.PRE) — 25KB
- glw-20240919_lab.xml (EX-101.LAB) — 36KB
- glw-20240919_def.xml (EX-101.DEF) — 26KB
- glw4381481-8k_htm.xml (XML) — 7KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure On September 19, 2024, Corning Incorporated (the "Company") issued a press release providing updates on key business milestones in its "Springboard" plan and sharing an operating margin target of 20% by the end of 2026. Management announced that it is implementing price increases in the Company's Display Technologies segment, and expects to deliver segment net income of $900 million to $950 million in 2025 and to maintain net income margin of 25% in the segment. Management also stated that, in the Optical Communications segment, Enterprise sales are expected to grow by more than 40% year-over-year in the third quarter of 2024. In addition, management reaffirmed the Company's estimated core sales and EPS guidance for the third quarter of 2024, which was previously issued on July 30, 2024, based on preliminary financial results. The full text of the press release is furnished as Exhibit 99.1 hereto and incorporated herein by reference. These preliminary financial results are based on the Company's current estimate of its results for the quarter ended September 30, 2024, and remain subject to change based on the completion of closing and review procedures and the execution of the Company's internal control over financial reporting. Pursuant to General Instruction B.2 of Current Report on Form 8-K, the information contained in, or incorporated into, Item 7.01, including the press release attached as Exhibit 99.1, is being furnished and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference into any registration statement or other filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference to such filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits. (d) Exhibits The following exhibits are included with this Current Report on Form 8-K: Exhibit No. 99.1 Press Release dated September 19, 2024
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. CORNING INCORPORATED By: /s/ Linda E. Jolly Name: Linda E. Jolly Title: Vice President and Corporate Secretary Date: September 19, 2024