Ceramic Industry News / Advanced Ceramics

Corning Reports 17% Increase in Second Quarter Sales

August 4, 2011
/ Print / Reprints /
ShareMore
/ Text Size+

Corning Inc. recently announced its results for the second quarter of 2011. Sales were $2 billion, an increase of 4% sequentially and 17% year over year. Display Technologies’ wholly owned business volume decreased slightly sequentially and about 5% compared to a year ago. Samsung Corning Precision Materials Co. Ltd.’s volume was up about 10% on a quarterly basis and up slightly year over year. The total glass volume (Corning’s wholly owned business and SCP combined) increased 5% sequentially. Specialty Materials segment sales were $283 million, an 11% sequential and 125% year-over-year improvement that was driven by continued strong demand for Corning® Gorilla® Glass for handheld devices, tablets, and laptop computers.

“Second quarter results were in line with our expectations,” said Wendell P. Weeks, chairman, CEO and president. “Corning Gorilla Glass is the cover glass of choice for next-generation mobile devices. Sales continued growing across our major telecommunications product lines, and global demand for our Environmental Technologies emissions products remained strong.”

According to Weeks, the results demonstrate that the company is moving toward its goal of becoming a more balanced global company by pursuing growth opportunities. 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.

Multimedia

Videos

Image Galleries

April 2014 Issue Highlights

Our April 2014 issue is now available!

Podcasts

Sapphire: An Extreme Performer

Ian Doggett of Goodfellow and CI Editor Susan Sutton discuss the benefits and opportunities provided by industrial sapphire.

More Podcasts

Ceramic Industry Magazine

CI August 2014 cover

2014 August

Explore technical ceramics, glasses and refractories in our August issue!

Table Of Contents Subscribe

THE CERAMIC INDUSTRY STORE

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.

Directories

CI Data Book July 2012

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

STAY CONNECTED

facebook_40px twitter_40px  youtube_40pxlinkedin_40google+ icon 40px