Ceramic Industry News / Glass

Corning Third Quarter Sales Grow 10%

October 31, 2013
/ Print / Reprints /
/ Text Size+

Corning Inc. recently announced preliminary third quarter 2013 results. Core sales for the quarter were $2.1 billion, an increase of 10% over $1.9 billion in the same period of 2012. Net sales (GAAP) for the third quarter of 2013 and 2012 were $2.1 billion and $2 billion, respectively.

In the Display Technologies segment, third quarter LCD glass sequential price declines reportedly remained moderate, as expected. LCD glass volume was up slightly sequentially, driven by higher-than-expected demand in the wholly owned business. Sales in all other segments were reportedly in line with expectations.

“In a strong third quarter, Corning achieved its fourth consecutive quarter of year-over-year core EPS growth by improving core profitability in our non-display businesses and by tightly controlling operational expenses,” said Wendell P. Weeks, chairman, CEO and president. “Additionally, we are pleased with another quarter of moderate LCD glass price declines. We have made significant progress on our strategy to return to earnings growth.”

For more information, 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

October 2014 Issue Highlights

Our October 2014 issue is now available!


Manufacturing Day 2014

Manufacturing Day organizers share their insights with Managing Editor Kelsey Seidler.

More Podcasts

Ceramic Industry Magazine

CI January 2015 cover

2015 January

It's our annual Materials Handbook issue, with the ever-popular "Raw & Manufactured Materials Overview" article! Check it out today.

Table Of Contents Subscribe

Personal Smartphones

Do you use your personal smartphone or other device to complete tasks for your job?
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!