Apple's Glass Supplier Corning Outperforms in Tough Market, Eyes $3B Sales Boost in Three Years
Apple's Glass Supplier Corning Outperforms in Tough Market, Eyes $3B Sales Boost in Three Years
Corning Inc (NYSE:GLW) reported a fiscal first-quarter 2024 core sales decline of 3% year-on-year to $3.26 billion, beating the consensus of $3.12 billion.
康寧公司（紐約證券交易所代碼：GLW）報告稱，2024財年第一季度核心銷售額同比下降3％，至32.6億美元，超過市場預期的31.2億美元。
The Apple Inc (NASDAQ:AAPL) glass supplier's core EPS of $0.38 beat the consensus of $0.35.
這家蘋果公司（納斯達克股票代碼：AAPL）玻璃供應商的核心每股收益爲0.38美元，超過了市場預期的0.35美元。
Display Technologies' sales grew by 14% year over year to $872 million, driven by higher volume and pricing actions in the second half of 2023. However, sales remained flattish quarter over quarter.
受2023年下半年銷量和定價上漲的推動，顯示技術公司的銷售額同比增長14％，達到8.72億美元。但是，銷售額同比保持平穩。
Optical Communications sales declined 17% year over year to $930 million, reflecting temporarily lower carrier demand as customers continued to draw down inventory.
光通信銷售額同比下降17％，至9.3億美元，這反映了由於客戶繼續減少庫存，運營商需求暫時下降。
Sales increased by 3% quarter over quarter, driven by growing sales in carriers and enterprises.
受運營商和企業銷售增長的推動，銷售額同比增長了3％。
Specialty Materials sales increased by 12% year over year to $454 million, driven by continued strong demand for premium smartphone cover materials and semiconductor-related products.
特種材料銷售額同比增長12％，達到4.54億美元，這得益於對高端智能手機封面材料和半導體相關產品的持續強勁需求。
The bet sales declined 4% Q/Q.
賭注銷售額環比下降了4％。
Life Sciences sales decreased by 8% year over year to $236 million as customers in North America and Europe continued to draw down their inventory. The sales declined by 2% quarter over quarter.
由於北美和歐洲的客戶繼續減少庫存，生命科學銷售額同比下降8％，至2.36億美元。銷售額同比下降了2％。
Environmental Technologies sales grew by 6% year over year to $455 million, driven by increased gasoline particulate filter adoption in China. The sales also grew by 6% quarter over quarter.
受中國汽油顆粒過濾器採用率增加的推動，環境技術銷售額同比增長6％，達到4.55億美元。銷售額也同比增長了6％。
Hemlock and Emerging Growth Businesses sales declined 19% year over year to $311 million, primarily reflecting lower pricing for solar-grade polysilicon and lower sales in Corning Pharmaceutical Technologies from the completion of volume commitments for COVID-related products. The sales decreased 13% quarter over quarter.
鐵杉和新興成長型企業的銷售額同比下降19％，至3.11億美元，這主要反映了太陽能級多晶硅定價的降低以及康寧製藥科技因COVID相關產品的批量承諾完成而銷售額下降。銷售額同比下降了13％。
The core gross margin increased by 160 bps to 36.8%, reflecting the continued benefit of pricing and productivity improvement actions. The adjusted free cash flow used was $(62) million versus $(383) million a year ago.
核心毛利率增長了160個點子至36.8％，反映了定價和生產率提高措施的持續收益。調整後的自由現金流爲6200萬美元，而去年同期爲3.83億美元。
Chair and CEO Wendell P. Weeks said, "We are executing our plans to add more than $3 billion in annualized sales within the next three years, and we already have the required capacity and capabilities in place."
董事長兼首席執行官溫德爾·威克斯表示：“我們正在執行計劃，在未來三年內增加超過30億美元的年化銷售額，而且我們已經具備了所需的產能和能力。”
Outlook: Corning expects second-quarter core sales of $3.40 billion (consensus $3.33 billion) and core EPS of $0.42 – $0.46 (consensus $0.44) and anticipates the first quarter to be the low quarter of the year.
展望：康寧預計第二季度核心銷售額爲34.0億美元（共識爲33.3億美元），核心每股收益爲0.42美元至0.46美元（共識爲0.44美元），並預計第一季度將是今年最低的季度。
Corning stock gained close to 4% in the last 12 months. Investors can gain exposure to the stock via First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) and ProShares S&P Kensho Cleantech ETF (NYSE:CTEX).
康寧股票在過去12個月中上漲了近4％。投資者可以通過第一信託標準普爾500指數多元化股息貴族ETF（納斯達克股票代碼：KNGZ）和ProShares標普Kensho Cleantech ETF（紐約證券交易所代碼：CTEX）獲得股票敞口。
Price Action: GLW shares traded higher by 5.11% at $33.41 at the last check Tuesday.
價格走勢：在週二的最後一次檢查中，GLW股價上漲5.11％，至33.41美元。
Photo via Wikimedia Commons
照片來自維基共享資源
譯文內容由第三人軟體翻譯。