CORNING INC /NY (GLW) FY2025 Q1 P&L / Income Statement

CORNING INC /NY (GLW) FY2025 Q1 P&L / Income Statement

Income statement for 2025-01-01 through 2025-03-31. View: Product and service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

Net sales

3,452,000,000 US dollars

Cost of sales

2,238,000,000 US dollars

Gross margin

1,214,000,000 US dollars

Operating expenses (calculated)

769,000,000 US dollars

Operating income

445,000,000 US dollars

Other income (expense), net (calculated)

negative 205,000,000 US dollars

Income before income taxes

240,000,000 US dollars

Provision for income taxes (Note 3)

55,000,000 US dollars

Net income

185,000,000 US dollars

Optical communications products

1,355,000,000 US dollars

Display products

704,000,000 US dollars

Specialty materials products

495,000,000 US dollars

Automotive products

426,000,000 US dollars

Life sciences products

228,000,000 US dollars

Polycrystalline silicon products

206,000,000 US dollars

All other products

38,000,000 US dollars

Amortization of purchased intangibles

28,000,000 US dollars

Research, development and engineering expenses

270,000,000 US dollars

Selling, general and administrative expenses

471,000,000 US dollars

Chart connections

• Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
• Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
• Of which attributable to CORNING INC /NY: $157.00 M; to noncontrolling interests: $28.00 M.