secwatch.observer — SEC 8-K summary
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Issuer:     CORNING INC /NY (GLW)
CIK:        0000024741
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001437749-24-013839
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Corning Q1 core EPS $0.38, core sales $3.26B; guides Q2 core EPS $0.42-$0.46
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- GAAP sales $2.98B, core sales $3.26B (down 6% and 3% YoY).
- GAAP gross margin +180 bps YoY; core gross margin +160 bps YoY.
- GAAP EPS $0.24, core EPS $0.38 (vs $0.41 year ago).
- Adjusted free cash flow improved >$300M YoY to -$62M; operating cash flow $96M.
- Management expects Q2 core sales ~$3.4B and core EPS $0.42-$0.46.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/24741/000143774924013839/0001437749-24-013839-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/24741/000143774924013839/glw20231130_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-24-013839

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