{"schema_version":"secwatch.filing_event.v1","accession":"0001437749-24-002506","form_type":"8-K","ticker":"GLW","cik":"0000024741","company_name":"CORNING INC /NY","filed_at":"2024-01-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.508266+00:00","generated_at":"2026-06-06T15:18:49.075896+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Corning Q4 core EPS $0.39; guides Q1 core sales ~$3.1B, core EPS $0.32–$0.38","bullets":["Q4 GAAP sales $2,994M (-6% seq, -12% YoY); core sales $3,272M (-5% seq, -10% YoY).","Q4 GAAP EPS $(0.05); core EPS $0.39; gross margin improved >300 bps YoY (GAAP +350bps, core +330bps).","Adjusted free cash flow $487M in Q4; full-year adjusted free cash flow $880M on $2B operating cash flow.","Full-year 2023: GAAP sales $12,588M (-11% YoY); core sales $13,580M (-8% YoY); core EPS $1.70 (-19% YoY).","Sees opportunity to add >$3B in annualized sales as markets normalize; Q1 likely low quarter of 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001437749-24-002506","json":"https://secwatch.observer/filing/0001437749-24-002506.json","markdown":"https://secwatch.observer/filing/0001437749-24-002506.md","text":"https://secwatch.observer/filing/0001437749-24-002506.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/24741/000143774924002506/0001437749-24-002506-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/24741/000143774924002506/glw20230630_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T15:18:49.075896+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"1da515756c7b8df1ac645699c0f2c4c917d12581","claim":"CORNING INC /NY reported the fourth quarter ended December 31, 2023 results: revenue $3.0 billion, EPS $(0.05).","evidence_excerpt":"GAAP and core gross margin each improved by more than 300 basis points year over year and cash generation significantly improved Company has an opportunity to add more than $3 billion in annualized sales and deliver strong incremental profit and cash flow as markets normalize Management expects first-quarter core sales of approximately $3.1 billion and core","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/24741/000143774924002506/0001437749-24-002506-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter ended December 31, 2023"},{"label":"Revenue","value":"$3.0 billion"},{"label":"EPS","value":"$(0.05)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"36ffc3b2a75eb1f16009c1c7d0f334c6fd1cd0b7","claim":"CORNING INC /NY reported full-year 2023 results: revenue $12.6 billion, EPS $0.68.","evidence_excerpt":"10%, respectively. ● Cash flow continued to improve: GAAP operating cash flow was $713 million, and adjusted free cash flow was $487 million. Full-Year 2023: ● GAAP sales were $12.6 billion, down 11%. Core sales were $13.6 billion, down 8%. ● GAAP EPS was $0.68, and core EPS was $1.70. The difference between GAAP and core EPS primarily reflected constant currency","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/24741/000143774924002506/0001437749-24-002506-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"full-year 2023"},{"label":"Revenue","value":"$12.6 billion"},{"label":"EPS","value":"$0.68"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"4c3f7a3594f8a1e349e193ba51a0af56a5fc5a37","claim":"CORNING INC /NY reported first-quarter 2024 results: revenue $3.1 billion, EPS $0.32 to $0.38. Guidance initiated.","evidence_excerpt":"Management expects first-quarter core sales of approximately $3.1 billion and core EPS in the range of $0.32 to $0.38","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/24741/000143774924002506/0001437749-24-002506-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first-quarter 2024"},{"label":"Revenue","value":"$3.1 billion"},{"label":"EPS","value":"$0.32 to $0.38"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}