Corning Inc Q4 2021 Earnings Call Summary - Thomson StreetEvents

Corning Inc Q4 2021 Earnings Call Summary

Corning Inc Q4 2021 Earnings Call Summary - Thomson StreetEvents
Corning Inc Q4 2021 Earnings Call Summary
Published Jan 26, 2022
19 pages (9352 words) — Published Jan 26, 2022
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About This Report

  
Abstract:

Edited Brief of GLW.N earnings conference call or presentation 26-Jan-22 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. 2. Core performance measures are non-GAAP measures used by management to analyze the business. 3. For 4Q21, largest difference between GAAP and core results stem from non-cash, mark-to-market gains associated with Co.'s currency hedging contracts and non-cash impairment charges. B. Mark-to-Market Adjustments: GAAP accounting requires earnings translation hedge contracts and foreign debt settling in future periods to be mark-to-market, and recorded at current value at end of each qtr., even though those contracts will not be settled in current qtr. 1. For GLW, this increased GAAP earnings in 4Q21 by $86m. a. b. This mark-to-market accounting has no impact on cash flow. 2. Currency hedges protects Co. economically from FX rate fluctuations and provides higher certainty for earnings and cash flow, its ability to invest for growth and future...

  
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: Samik Chatterjee - JPMorgan Chase & Co, Research Division - Analyst : Congrats to Tony and Ed. I was going to just ask on Display here. Tony, you sounded optimistic about the retail TV environment in 2022. At least in 4Q from the data we saw, I mean, we haven't seen any positive data points. At least the industry seemed a bit more bearish or had a -- sort of seeing a soft environment in terms of TV retail in 4Q. So what's really driving in terms of data points and maybe what you're looking at driving that optimism about TV unit outlook in 2022? REFINITIV STREETEVENTS | www.refinitiv.com | Contact Us consent of Refinitiv. 'Refinitiv' and the Refinitiv logo are registered trademarks of Refinitiv and its affiliated companies. JANUARY 26, 2022 / 1:30PM, GLW.N - Q4 2021 Corning Inc Earnings Call And separately, just on the screen size as well. I mean, some of the recent data show screen size increases aren't going up as much as it used to. Is there an inflation-driven change in consumer behavior where consumers are maybe pulling back a bit in terms of moving to higher screen sizes?

Table Of Contents

Corning Inc Annual Shareholders Meeting Transcript – 2022-04-28 – US$ 54.00 – Edited Transcript of GLW.N shareholder or annual meeting 28-Apr-22 4:00pm GMT

Corning Inc Q1 2022 Earnings Call Summary – 2022-04-26 – US$ 54.00 – Edited Brief of GLW.N earnings conference call or presentation 26-Apr-22 12:30pm GMT

Corning Inc Q1 2022 Earnings Call Transcript – 2022-04-26 – US$ 54.00 – Edited Transcript of GLW.N earnings conference call or presentation 26-Apr-22 12:30pm GMT

Corning Inc at Morgan Stanley Technology, Media, and Telecom Conference (Virtual) Transcript – 2022-03-08 – US$ 54.00 – Edited Transcript of GLW.N presentation 8-Mar-22 4:00pm GMT

Corning Inc Q4 2021 Earnings Call Transcript – 2022-01-26 – US$ 54.00 – Edited Transcript of GLW.N earnings conference call or presentation 26-Jan-22 1:30pm GMT

Corning Inc at Barclays Global Technology, Media and Telecommunications Conference (Virtual) Transcript – 2021-12-07 – US$ 54.00 – Edited Transcript of GLW.N presentation 7-Dec-21 2:10pm GMT

Corning Inc at Credit Suisse Technology, Media & Telecom Conference Transcript – 2021-12-01 – US$ 54.00 – Edited Transcript of GLW.N presentation 1-Dec-21 6:05pm GMT

Corning Inc at Robert W Baird Global Industrial Conference (Virtual) Transcript – 2021-11-10 – US$ 54.00 – Edited Transcript of GLW.N presentation 10-Nov-21 3:50pm GMT

Corning Inc Q3 2021 Earnings Call Summary – 2021-10-26 – US$ 54.00 – Edited Brief of GLW.N earnings conference call or presentation 26-Oct-21 12:30pm GMT

Corning Inc Q3 2021 Earnings Call Transcript – 2021-10-26 – US$ 54.00 – Edited Transcript of GLW.N earnings conference call or presentation 26-Oct-21 12:30pm GMT

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MLA:
Thomson StreetEvents. "Corning Inc Q4 2021 Earnings Call Summary" Jan 26, 2022. Alacra Store. May 25, 2025. <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2021-Corning-Inc-Earnings-Call-B15082703>
  
APA:
Thomson StreetEvents. (2022). Corning Inc Q4 2021 Earnings Call Summary Jan 26, 2022. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/thomson-streetevents-transcripts/Q4-2021-Corning-Inc-Earnings-Call-B15082703>
  
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