secwatch.observer — SEC 8-K summary
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Issuer:     CORNING INC /NY (GLW)
CIK:        0000024741
Form:       8-K
Filed at:   2023-01-31T23:59:59+00:00
Accession:  0001437749-23-002082
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corning Q4 core EPS $0.47, GAAP loss $(0.04); guides Q1 $0.35-0.42 on China disruptions
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- Q4 core sales $3.6B, core EPS $0.47; GAAP EPS loss $(0.04) from restructuring and mark-to-market hedges.
- Full-year core sales $14.8B (+5% YoY); core EPS $2.09 (+1% YoY); free cash flow $1.24B.
- Optical Communications annual sales surpassed $5B all-time high; Hemlock & Emerging Growth up 34% YoY.
- Q1 2023 outlook: core sales $3.2-3.4B, core EPS $0.35-0.42; expects China pandemic disruptions; sequential improvement in Q2.
- Pricing and productivity actions taken in Q4 expected to improve margins starting Q1 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24741/000143774923002082/0001437749-23-002082-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24741/000143774923002082/glw20220926_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-23-002082

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer