Corning reported Q2 2024 net sales of $3.25 billion, flat year-over-year, while net income fell 63% to $104 million. Core sales rose 4% to $3.6 billion and core net income increased 5% to $407 million. Display Technologies and Specialty Materials segments saw strong growth, offset by declines in Hemlock and Emerging Growth Businesses.The company generated $617 million in operating cash flow for the first half of 2024, up from $570 million last year. Capital expenditures were reduced to $0.5 billion. Corning maintained a strong liquidity position with $1.4 billion in cash and $1.5 billion available under its revolving credit facility.Management expects Q3 2024 core sales of approximately $3.7 billion. Corning outlined its "Springboard" plan to add over $3 billion in annualized core sales over the next three years, driven by growth opportunities across its segments including optical communications, display, automotive, and solar. The company anticipates Q1 2024 to be the lowest quarter and expects to deliver strong incremental profits and cash flow as it captures this projected growth.

Corning reported Q2 2024 net sales of $3.25 billion, flat year-over-year, while net income fell 63% to $104 million. Core sales rose 4% to $3.6 billion and core net income increased 5% to $407 million. Display Technologies and Specialty Materials segments saw strong growth, offset by declines in Hemlock and Emerging Growth Businesses.The company generated $617 million in operating cash flow for the first half of 2024, up from $570 million last year. Capital expenditures were reduced to $0.5 billion. Corning maintained a strong liquidity position with $1.4 billion in cash and $1.5 billion available under its revolving credit facility.Management expects Q3 2024 core sales of approximately $3.7 billion. Corning outlined its "Springboard" plan to add over $3 billion in annualized core sales over the next three years, driven by growth opportunities across its segments including optical communications, display, automotive, and solar. The company anticipates Q1 2024 to be the lowest quarter and expects to deliver strong incremental profits and cash flow as it captures this projected growth.