Apple's Glass Supplier Corning Outperforms in Tough Market, Eyes $3B Sales Boost in Three Years
Apple's Glass Supplier Corning Outperforms in Tough Market, Eyes $3B Sales Boost in Three Years
Corning Inc (NYSE:GLW) reported a fiscal first-quarter 2024 core sales decline of 3% year-on-year to $3.26 billion, beating the consensus of $3.12 billion.
康宁公司（纽约证券交易所代码：GLW）报告称，2024财年第一季度核心销售额同比下降3％，至32.6亿美元，超过市场预期的31.2亿美元。
The Apple Inc (NASDAQ:AAPL) glass supplier's core EPS of $0.38 beat the consensus of $0.35.
这家苹果公司（纳斯达克股票代码：AAPL）玻璃供应商的核心每股收益为0.38美元，超过了市场预期的0.35美元。
Display Technologies' sales grew by 14% year over year to $872 million, driven by higher volume and pricing actions in the second half of 2023. However, sales remained flattish quarter over quarter.
受2023年下半年销量和定价上涨的推动，显示技术公司的销售额同比增长14％，达到8.72亿美元。但是，销售额同比保持平稳。
Optical Communications sales declined 17% year over year to $930 million, reflecting temporarily lower carrier demand as customers continued to draw down inventory.
光通信销售额同比下降17％，至9.3亿美元，这反映了由于客户继续减少库存，运营商需求暂时下降。
Sales increased by 3% quarter over quarter, driven by growing sales in carriers and enterprises.
受运营商和企业销售增长的推动，销售额同比增长了3％。
Specialty Materials sales increased by 12% year over year to $454 million, driven by continued strong demand for premium smartphone cover materials and semiconductor-related products.
特种材料销售额同比增长12％，达到4.54亿美元，这得益于对高端智能手机封面材料和半导体相关产品的持续强劲需求。
The bet sales declined 4% Q/Q.
赌注销售额环比下降了4％。
Life Sciences sales decreased by 8% year over year to $236 million as customers in North America and Europe continued to draw down their inventory. The sales declined by 2% quarter over quarter.
由于北美和欧洲的客户继续减少库存，生命科学销售额同比下降8％，至2.36亿美元。销售额同比下降了2％。
Environmental Technologies sales grew by 6% year over year to $455 million, driven by increased gasoline particulate filter adoption in China. The sales also grew by 6% quarter over quarter.
受中国汽油颗粒过滤器采用率增加的推动，环境技术销售额同比增长6％，达到4.55亿美元。销售额也同比增长了6％。
Hemlock and Emerging Growth Businesses sales declined 19% year over year to $311 million, primarily reflecting lower pricing for solar-grade polysilicon and lower sales in Corning Pharmaceutical Technologies from the completion of volume commitments for COVID-related products. The sales decreased 13% quarter over quarter.
铁杉和新兴成长型企业的销售额同比下降19％，至3.11亿美元，这主要反映了太阳能级多晶硅定价的降低以及康宁制药科技因COVID相关产品的批量承诺完成而销售额下降。销售额同比下降了13％。
The core gross margin increased by 160 bps to 36.8%, reflecting the continued benefit of pricing and productivity improvement actions. The adjusted free cash flow used was $(62) million versus $(383) million a year ago.
核心毛利率增长了160个基点至36.8％，反映了定价和生产率提高措施的持续收益。调整后的自由现金流为6200万美元，而去年同期为3.83亿美元。
Chair and CEO Wendell P. Weeks said, "We are executing our plans to add more than $3 billion in annualized sales within the next three years, and we already have the required capacity and capabilities in place."
董事长兼首席执行官温德尔·威克斯表示：“我们正在执行计划，在未来三年内增加超过30亿美元的年化销售额，而且我们已经具备了所需的产能和能力。”
Outlook: Corning expects second-quarter core sales of $3.40 billion (consensus $3.33 billion) and core EPS of $0.42 – $0.46 (consensus $0.44) and anticipates the first quarter to be the low quarter of the year.
展望：康宁预计第二季度核心销售额为34.0亿美元（共识为33.3亿美元），核心每股收益为0.42美元至0.46美元（共识为0.44美元），并预计第一季度将是今年最低的季度。
Corning stock gained close to 4% in the last 12 months. Investors can gain exposure to the stock via First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) and ProShares S&P Kensho Cleantech ETF (NYSE:CTEX).
康宁股票在过去12个月中上涨了近4％。投资者可以通过第一信托标准普尔500指数多元化股息贵族ETF（纳斯达克股票代码：KNGZ）和ProShares标普Kensho Cleantech ETF（纽约证券交易所代码：CTEX）获得股票敞口。
Price Action: GLW shares traded higher by 5.11% at $33.41 at the last check Tuesday.
价格走势：在周二的最后一次检查中，GLW股价上涨5.11％，至33.41美元。
Photo via Wikimedia Commons
照片来自维基共享资源