Corning Q4 core sales $3.87B (+18% YoY), core EPS $0.57 (+46%); Q1 guidance strong

CORNING INC /NY

2024-FY EPS reported $0.58 revenue$13,118,000,000

Core sales $3.87B (+18% YoY), core EPS $0.57 (+46% YoY), both exceeded guidance.
Optical Communications Enterprise business grew 93% YoY driven by Gen AI product adoption.
Display segment expects 2025 net income of $900M-$950M, maintaining 25% net income margin.
Q1 2025 outlook: core sales ~$3.6B (+10% YoY), core EPS $0.48-$0.52 (+30% YoY).
Springboard plan upgrade on March 18; targets $3B+ annual sales and 20% operating margin by 2026.

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