Ceramic Industry News

Corning Inc. Announces 8% Year-Over-Year Sales Increase

Corning has announced its results for the third quarter of 2010. Sales were $1.6 billion, a 6% sequential decline, but an 8% increase compared to the 2009 third quarter. Earnings per share were $0.50; excluding special items, earnings were $0.51 (non-GAAP), a 12% sequential decline, but a 21% year-over-year increase.

Display Technologies’ combined glass volume, which includes the wholly owned business and Samsung Corning Precision Materials Co. Ltd., declined 8% sequentially (in line with the worldwide glass market) but increased 7% over last year. The Specialty Materials segment sales were $159 million, a 26% increase from the second quarter and a 77% year-over-year improvement. Corning’s Gorilla® glass drove much of the quarter increase, but the segment also saw improved sales in its advanced optics business.

“Nearly all of our businesses had strong performances this past quarter,” said James B. Flaws, vice chairman and CFO. “We are very pleased with the expanding market pull for Corning Gorilla glass, the renewed strength in automotive and diesel emissions control products sales, and the continued demand for fiber-to-the-home and data center solutions from our telecommunications business customers.”

For additional details, visit www.corning.com.

Did you enjoy this article? Click here to subscribe to Ceramic Industry Magazine.

You must login or register in order to post a comment.



Image Galleries

November 2014 Issue Highlights

Our November 2014 issue is now available! Posted: March 31, 2015.


Ceramics Expo podcast
Editor Susan Sutton discusses the upcoming Ceramics Expo with event director Adam Moore.
More Podcasts

Ceramic Industry Magazine

CI April 2015 edition

2015 April

You'll want to check out our continuing coverage of the inaugural Ceramics Expo event, plus articles on dental ceramics, glass coatings, refractories, and more!

Table Of Contents Subscribe

Daily News

We know where you find the latest ceramic industry news (ahem), but where do you catch up on the rest of your daily news?
View Results Poll Archive


M:\General Shared\__AEC Store Katie Z\AEC Store\Images\Ceramics Industry\handbook of advanced ceramics.gif
Handbook of Advanced Ceramics Machining

Ceramics, with their unique properties and diverse applications, hold the potential to revolutionize many industries, including automotive and semiconductors.

More Products

Clear Seas Research

Clear Seas ResearchWith access to over one million professionals and more than 60 industry-specific publications,Clear Seas Research offers relevant insights from those who know your industry best. Let us customize a market research solution that exceeds your marketing goals.


facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px


CI Data Book July 2012

Ceramic Industry's Directories including Components, Equipment Digest, Services, Data Book & Buyers Guide, Materials Handbook and much more!