Corning's Springboard Plan Set To Skyrocket Profits By 2026: AI And Price Hikes Drive Growth
Corning's Springboard Plan Set To Skyrocket Profits By 2026: AI And Price Hikes Drive Growth
Corning is implementing price increases in its display technologies and forecasts, delivering segment net income of $900 million to $950 million in 2025 while maintaining a net income margin of 25%.Corning Incorporated (NYSE:GLW) shares are trading higher on Thursday. The company provided significant updates to its "Springboard" plan of adding more than $3 billion in annualized sales and shared its strategy to achieve a 20% operating margin by the end of 2026.
科寧公司（紐交所：GLW）的股票在週四交易上漲。該公司對其「Springboard」計劃進行了重大更新，計劃每年增加超過30億美元的銷售額，並分享了實現到2026年底營業利潤率達到20%的策略。
For the third quarter of 2024, the company continues to expect sales of $3.7 billion (vs. consensus of $3.71 billion) and EPS in the range of $0.50 – $0.54 (vs. consensus of $0.53).
對於2024年第三季度，該公司預計銷售額爲37億美元（市場共識爲37.1億美元），每股收益區間爲0.50美元至0.54美元（市場共識爲0.53美元）。
Wendell P. Weeks, chairman and chief executive officer, said, "I'm very pleased with the progress we have made on our 'Springboard' plan to add more than $3 billion in annualized sales by 2026. The plan leads to an improving return profile, with profits growing significantly faster than sales."
主席兼首席執行官溫德爾·P·維克斯表示：「我們在實現到2026年每年增加超過30億美元銷售額的「Springboard」計劃方面取得了非常滿意的進展。該計劃導致了不斷改善的回報情況，利潤增長速度顯著快於銷售額。」
Corning is implementing price increases in its display technologies and forecasts, delivering segment net income of $900 million to $950 million in 2025 while maintaining a net income margin of 25%.
科寧公司正在實施顯示技術和預測價格上漲，預計2025年分段淨利潤爲900到950百萬元，同時堅持淨利潤率爲25%。
Corning's Optical Communications division is showing positive momentum, with Enterprise sales projected to increase by over 40% Y/Y in the third quarter, driven by strong adoption of its generative AI products.
科寧的光通信部門呈現出積極的勢頭，預計企業銷售額將在第三季度同比增長超過40%，受到其生成式人工智能產品的強勁採用推動。
The company is unveiling a new range of products designed to interconnect AI-enabled data centers.
該公司正在推出一系列旨在連接人工智能數據中心的新產品。
This launch supports Lumen Technologies Inc.'s (NYSE:LUMN) network expansion and represents the first deployment of Corning's next-generation AI fiber-and-cable system in outside plant environments.
該發佈支持Lumen Technologies Inc.（紐交所：LUMN）的網絡擴展，並代表科寧下一代人工智能光纖和光纜系統在戶外環境的首次部署。
In July, Corning reported a fiscal second-quarter 2024 core sales growth of 4% year-on-year to $3.60 billion, beating the analyst consensus estimate of $3.55 billion.
科寧在7月份公佈了2024財年第二季度核心銷售額同比增長4%至36億美元，超過分析師共識預期的35.5億美元。
Investors can gain exposure to the stock via ProShares Smart Materials ETF (NYSE:TINT) and Professionally Managed Portfolios Otter Creek Focus Strategy ETF (NYSE:OCFS).
投資者可以通過ProShares聰明材料ETF（紐交所：TINT）和專業管理的Otter Creek Focus策略ETF（紐交所：OCFS）來獲得該股票的投資機會。
Price Action: GLW shares are up 2.49% at $44.50 at the last check Thursday.
價格走勢：GLW股票在上週四最後一次檢查時上漲2.49％，達到44.50美元。
Photo via Shutterstock
圖片來自shutterstock。
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譯文內容由第三人軟體翻譯。