Corning Inc Q4 2020 Earnings Call Summary - Thomson StreetEvents

Corning Inc Q4 2020 Earnings Call Summary

Corning Inc Q4 2020 Earnings Call Summary - Thomson StreetEvents
Corning Inc Q4 2020 Earnings Call Summary
Published Jan 27, 2021
19 pages (10355 words) — Published Jan 27, 2021
Price US$ 54.00  |  Buy this Report Now

About This Report

  
Abstract:

Edited Brief of GLW.N earnings conference call or presentation 27-Jan-21 1:30pm GMT

  
Brief Excerpt:

...A. Note: Will be discussing consolidated results using core performance measures. 1. Unless Co. specifically indicates, comments relate to GAAP data. a. b. Core performance measures are non-GAAP measures used by management to analyze the business. 2. For 4Q20, the largest difference between GAAP and core results stem from restructuring charges, which are primarily non-cash as well as non-cash mark-to-market losses associated with Co.'s currency hedging contracts. B. Mark-to-Market Adjustments: GAAP accounting requires earnings translation hedge contracts and foreign debt settling in future periods to be marked to market, and recorded at current value at the end of each qtr., even though these contracts will not be settled in the current qtr. 1. For GLW, this reduced GAAP earnings in 4Q20 by $63m. a. 2. This mark-to-market accounting has no impact on cash flow. 3. Currency hedges protect Co. economically from FX rate fluctuations and provide higher certainty for earnings and cash flow, its...

  
Report Type:

Brief

Source:
Thomson StreetEvents
Company:
Corning Inc
Ticker
GLW.N
Time
1:30pm GMT
Format:
PDF Adobe Acrobat
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The following is excerpted from the question-and-answer section of the transcript.

(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)

Question: Joseph Lima Cardoso - JPMorgan Chase & Co, Research Division - Analyst : This is Joe Cardoso on for Samik. Just 1 follow-up question for me on the optical side. Obviously, the return of your growth and guide for full year growth is great to hear, but I just wanted to take a moment and focus on the profitability initiatives that has been done in that business specifically. Can you walk us through what you've been doing on the optical side, particularly as it relates to temporary versus permanent measures as well as if there's any weighting towards carrier versus the enterprise portions of those businesses? And as we see revenues come back in that business, is there any way you can gauge expectations relative to the profitability now

Table Of Contents

Corning Inc Q1 2021 Earnings Call Summary – 2021-04-27 – US$ 54.00 – Edited Brief of GLW.N earnings conference call or presentation 27-Apr-21 12:30pm GMT

Corning Inc at Susquehanna Financial Technology Conference (Virtual) Transcript – 2021-03-11 – US$ 54.00 – Edited Transcript of GLW.N presentation 11-Mar-21 3:20pm GMT

Corning Inc at Morgan Stanley Technology, Media and Telecom Conference (Virtual) Transcript – 2021-03-01 – US$ 54.00 – Edited Transcript of GLW.N presentation 1-Mar-21 2:30pm GMT

Corning Inc at Goldman Sachs Technology and Internet Conference (Virtual) Transcript – 2021-02-11 – US$ 54.00 – Edited Transcript of GLW.N presentation 11-Feb-21 3:30pm GMT

Corning Inc Q4 2020 Earnings Call Transcript – 2021-01-27 – US$ 54.00 – Edited Transcript of GLW.N earnings conference call or presentation 27-Jan-21 1:30pm GMT

Corning Inc at Barclays Global Technology, Media and Telecommunications Conference (Virtual) Transcript – 2020-12-10 – US$ 54.00 – Edited Transcript of GLW.N presentation 10-Dec-20 2:00pm GMT

Corning Inc at Credit Suisse Technology Conference (Virtual) Transcript – 2020-11-30 – US$ 54.00 – Edited Transcript of GLW.N presentation 30-Nov-20 6:40pm GMT

Corning Inc at Morgan Stanley Life After Covid Thematic Conference (Virtual) Transcript – 2020-11-11 – US$ 54.00 – Edited Transcript of GLW.N presentation 11-Nov-20 3:30pm GMT

Corning Inc at Robert W Baird Global Industrial Conference (Virtual) Transcript – 2020-11-10 – US$ 54.00 – Edited Transcript of GLW.N presentation 10-Nov-20 8:45pm GMT

Corning Inc Q3 2020 Earnings Call Summary – 2020-10-27 – US$ 54.00 – Edited Brief of GLW.N earnings conference call or presentation 27-Oct-20 12:30pm GMT

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MLA:
Thomson StreetEvents. "Corning Inc Q4 2020 Earnings Call Summary" Jan 27, 2021. Alacra Store. May 25, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2020-Corning-Inc-Earnings-Call-B13571439>
  
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Thomson StreetEvents. (2021). Corning Inc Q4 2020 Earnings Call Summary Jan 27, 2021. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2020-Corning-Inc-Earnings-Call-B13571439>
  
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