Corning Inc. Files 2024 10-K, Details Financials
Ticker: GLW · Form: 10-K · Filed: Feb 13, 2025 · CIK: 24741
Sentiment: neutral
Topics: 10-K, annual-report, debt
TL;DR
GLW 2024 10-K is in. Financials and debt details for 2024 are out.
AI Summary
Corning Inc. (GLW) filed its 2024 10-K on February 13, 2025, reporting on its fiscal year ending December 31, 2024. The filing covers various financial aspects and operational details for the company, which is involved in drawing and insulating nonferrous wire. Key financial reporting periods and specific debt instruments like the A3.875 Notes Due 2026 and A4.125 Notes Due 2031 are referenced.
Why It Matters
This 10-K filing provides investors and analysts with a comprehensive overview of Corning's financial health, operational performance, and strategic positioning for the fiscal year 2024, influencing investment decisions.
Risk Assessment
Risk Level: medium — The filing is a standard annual report and does not inherently indicate new or elevated risks.
Key Players & Entities
- CORNING INC /NY (company) — Filer
- 0001628280-25-005347 (filing_id) — Accession Number
- 20241231 (date) — Fiscal Year End
- 20250213 (date) — Filing Date
- A3.875 Notes Due 2026 (debt_instrument) — Specific debt mentioned
- A4.125 Notes Due 2031 (debt_instrument) — Specific debt mentioned
FAQ
What is Corning Inc.'s primary business as indicated by its SIC code?
Corning Inc.'s Standard Industrial Classification (SIC) code is [3357], which corresponds to 'DRAWING AND INSULATING NONFERROUS WIRE'.
When did Corning Inc. file its 2024 10-K report?
Corning Inc. filed its 2024 10-K report on February 13, 2025.
What is the fiscal year end date for the reporting period of this 10-K?
The conformed period of report for this 10-K filing is December 31, 2024.
What are two specific debt instruments mentioned in the filing's metadata?
Two specific debt instruments mentioned are 'A3.875 Notes Due 2026 Member' and 'A4.125 Notes Due 2031 Member'.
In which state was Corning Inc. incorporated?
Corning Inc. was incorporated in New York (NY).
Filing Stats: 4,207 words · 17 min read · ~14 pages · Grade level 15.4 · Accepted 2025-02-13 13:15:45
Key Financial Figures
- $0.50 — ange on which registered Common Stock, $0.50 par value per share GLW New York Stock
Filing Documents
- glw-20241231.htm (10-K) — 3283KB
- glw-20241231x10kexx21.htm (EX-21) — 38KB
- glw-20241231x10kexx23.htm (EX-23) — 4KB
- glw-20241231x10kexx3111.htm (EX-31.1) — 10KB
- glw-20241231x10kexx3121.htm (EX-31.2) — 11KB
- glw-20241231x10kexx321.htm (EX-32.1) — 6KB
- glw-20241231_g1.jpg (GRAPHIC) — 111KB
- 0001628280-25-005347.txt ( ) — 19011KB
- glw-20241231.xsd (EX-101.SCH) — 97KB
- glw-20241231_cal.xml (EX-101.CAL) — 140KB
- glw-20241231_def.xml (EX-101.DEF) — 614KB
- glw-20241231_lab.xml (EX-101.LAB) — 1170KB
- glw-20241231_pre.xml (EX-101.PRE) — 931KB
- glw-20241231_htm.xml (XML) — 4026KB
Business
Item 1. Business General Corning traces its origins to a glass business established in 1851. The present corporation was incorporated in the State of New York in December 1936. The Company's name was changed from Corning Glass Works to Corning Incorporated on April 28, 1989. Corning is vital to progress – in the industries we help advance and in the world we share. For more than 170 years, Corning has combined its unparalleled expertise in glass science, ceramic science and optical physics with deep manufacturing and engineering capabilities to develop category-defining products that transform industries and enhance people's lives. Our materials science and manufacturing expertise, boundless curiosity and commitment to purposeful invention place us at the center of the way the world works, learns and lives. In addition, our sustained investment in research, development and engineering capabilities means we are always ready to solve the toughest challenges alongside our customers. Our capabilities are versatile and synergistic, allowing Corning to evolve to meet changing market needs, while also helping customers capture new opportunities in dynamic industries. Today, Corning's markets include optical communications, mobile consumer electronics, display, automotive, solar, semiconductor and life sciences. Corning's industry-leading products include damage-resistant cover materials for mobile devices; precision glass for advanced displays; optical fiber, cable and connectivity solutions for advanced communications networks, such as fiber to the home and data centers, enabling artificial intelligence and connections around the world; trusted products to accelerate drug discovery and delivery; and clean-air technologies and technical glass for cars and trucks. Corning manufactures products at 124 plants in 15 countries and operates in five reportable segments: Optical Communications, Display Technologies, Specialty Materials, Environmental Technologies and Life Sci