Corning Inc Annual Shareholders Meeting Summary - Thomson StreetEvents

Corning Inc Annual Shareholders Meeting Summary

Corning Inc Annual Shareholders Meeting Summary - Thomson StreetEvents
Corning Inc Annual Shareholders Meeting Summary
Published May 01, 2025
4 pages (1271 words) — Published May 01, 2025
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of GLW.N shareholder or annual meeting 1-May-25 4:00pm GMT

  
Brief Excerpt:

...A. We had very strong performance in 2024, and we expect another strong year in 2025 as we continue to successfully execute our Springboard Plan. B. In 2024, we introduced our High-Confidence Springboard Plan to add more than $3 billion in annualized sales by the end of 2026, driven by a convergence of cyclical and secular trends across our market access platforms. C. We set an operating margin target of 20% by the end of 2026. D. And we expect continued improvements in earnings per share, ROIC, and cash flow. E. In March of this year, we upgraded Springboard by $1 billion. F. Our High-Confidence Plan is now to add more than $4 billion in annualized sales run rate by the end of 2026. G. We continue to expect operating margin to improve to 20% by the end of 2026. H. Therefore, our upgraded sales will deliver higher EPS, stronger cash flow, and an improved ROIC profile than we originally anticipated at the beginning of Springboard. I. And earlier this week, we announced outstanding first-quarter...

  
Report Type:

Brief

Source:
Company:
Corning Inc
Ticker
GLW.N
Time
4:00pm GMT
Format:
PDF Adobe Acrobat
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MLA:
Thomson StreetEvents. "Corning Inc Annual Shareholders Meeting Summary" May 01, 2025. Alacra Store. May 24, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Corning-Inc-Annual-Shareholders-Meeting-B16298934>
  
APA:
Thomson StreetEvents. (2025). Corning Inc Annual Shareholders Meeting Summary May 01, 2025. New York, NY: Alacra Store. Retrieved May 24, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Corning-Inc-Annual-Shareholders-Meeting-B16298934>
  
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