Corning Q3 Earnings Beat Expectations With 8% Core Sales Growth, Optical Communications Segment Shines
Corning Q3 Earnings Beat Expectations With 8% Core Sales Growth, Optical Communications Segment Shines
Corning Inc (NYSE:GLW) shares are trading higher after the company reported third-quarter 2024 results.
康寧公司（紐交所：GLW）的股價在該公司報告2024年第三季度業績後上漲。
Core sales growth of 8% year-on-year to $3.73 billion, beating the analyst consensus estimate of $3.72 billion.
核心銷售增長同比增長8%，達到37.3億美元，超過分析師共識預估的37.2億美元。
The Apple glass supplier's core EPS of 54 cents beat the analyst consensus estimate of 52 cents.
這家蘋果玻璃供應商的核心每股收益爲54美分，超過分析師共識預估的52美分。
- Display Technologies' sales grew by 4% year-over-year to $1.015 billion.
- Optical Communications sales increased by 36% year-over-year to $1.246 billion — record sales in the Enterprise portion of the business (up 55%).
- Specialty Materials sales fell 3% year over year to $548 million in the quarter.
- Life Sciences sales increased by 6% year-over-year to $244 million
- Environmental Technologies sales declined by 15% year-over-year to $382 million.
- Hemlock and Emerging Growth Businesses sales declined 9% year over year to $298 million in the quarter.
- The core gross margin increased by 220 bps to 39.2%. The adjusted free cash flow was $553 million in the quarter.
- 顯示技術部門的銷售同比增長4%，達到10.15億美元。
- 光通信業務的銷售同比增長36%，達到12.46億美元——業務企業部門創下紀錄的銷售額（增長55%）。
- 特種材料部門的銷售同比下降3%，降至54800萬美元。
- 生命科學部門的銷售同比增長6%，達到24400萬美元。
- 環保技術部門的銷售同比下降15%，降至38200萬美元。
- 鐵杉和新興增長業務銷售額同比下降9%，降至29800萬美元。
- 核心毛利率增加了220個點子，達到39.2%。調整後的自由現金流爲55300萬美元。
Outlook: Corning expects fourth-quarter core sales of $3.75 billion (consensus $3.67 billion) and core EPS of $0.53-$0.57 (consensus $0.52).
展望: 康寧預計第四季度核心銷售額爲37.5億美元（共識爲36.7億美元），核心每股收益爲0.53-0.57美元（共識爲0.52美元）。
Chair and CEO Wendell P. Weeks said, "In Display Technologies, we implemented price increases and expect to deliver segment net income of $900 million to $950 million in 2025 and to maintain net income margin of 25%. Additionally, in Optical Communications, our new products for generative AI are seeing strong demand and driving record year-over-year growth in our Enterprise business."
董事長兼首席執行官溫德爾·P·威克斯表示：「在顯示技術方面，我們實施了價格上漲，並預計2025年段淨利潤爲95000萬美元，並保持淨利潤率爲25%。另外，在光通信方面，我們針對生成式人工智能的新產品需求旺盛，刺激了企業業務同比創下歷史記錄的增長。」
Yesterday, Corning inked a multi-year agreement with AT&T, which is valued at over $1 billion.
昨天，康寧與AT&T簽訂了一項爲期多年的協議，價值超過10億美元。
In September, Corning 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.
今年9月，康寧對其「Springboard」計劃進行了重要更新，計劃年銷售額增加超過30億美元，並分享了實現2026年底20%營業利潤率的策略。
Investors can gain exposure to GLW 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智能材料etf（紐交所：TINT）和職業管理投資組合Otter Creek Focus策略etf（紐交所：OCFS）獲得對GLW的敞口。
Price Action: GLW shares are up 8.24% at $50.70 premarket at the last check Tuesday.
股價走勢: GLW股價在週二最後一次檢查時盤前上漲8.24%，報50.70美元。
- PayPal Q3 Earnings: Revenue Falls Short of Expectations, Strong Payment Volume Growth, CEO Sees 15%-20% Increase In BNPL
- paypal Q3盈利：營業收入不及預期，支付成交量增長強勁，CEO預計買現付後業務增長15%-20%
譯文內容由第三人軟體翻譯。