Corning Incorporated (NYSE:GLW) will host a meeting today at its optical fiber facility in Concord, North Carolina, with investors and industry analysts to provide significant updates to its "Springboard" plan to add more than $3 billion in annualized sales with strong incremental profit and cash flow in the next three years.

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. Today, we are sharing our Springboard operating-margin target of 20% by the end of 2026."

Weeks continued, "We are implementing price increases in Display Technologies and expect to deliver segment net income of $900 million to $950 million in 2025, and to maintain net income margin of 25%. Additionally, our positive momentum in Optical Communications continues – Enterprise sales are expected to grow by more than 40% year over year in the third quarter, driven by the continued strong adoption of our generative AI products."

Ed Schlesinger, executive vice president and chief financial officer, said, "Our second-quarter results and third-quarter guidance put us well ahead of our 'Springboard' plan run rate. In the third quarter, we continue to expect sales of $3.7 billion and EPS of $0.50 to $0.54."

Today, Corning management will lead investors through a tour of the company's – and the world's – largest and lowest cost optical-fiber production facility. During the visit, leadership will highlight the company's unique competitive advantage and industry and technology leadership – which enables Corning to capture the significant growth opportunity outlined in its Springboard plan.