Corning Incorporated’s (NYSE: GLW) Board of Directors today
declared a quarterly dividend of $0.28 per share. The dividend will
be payable on March 28, 2024, to shareholders of record on Feb. 29,
2024.
Caution Concerning Forward-Looking
StatementsThe statements contained in this release and
related comments by management that are not historical facts or
information and contain words such as “will,” “believe,”
“anticipate,” “expect,” “intend,” “plan,” “seek,” “see,”
“would,” “target,” “estimate,” “forecast” or similar
expressions are forward-looking statements. These
forward-looking statements are made pursuant to the
safe harbor provisions of the Private Securities Litigation
Reform Act of 1995 and include estimates and assumptions related to
economic, competitive and legislative
developments. Such statements relate to future events
that by their nature address matters that are, to different
degrees, uncertain. These forward-looking statements relate to,
among other things, the company’s future operating
performance, the company’s share of new and existing markets, the
company’s revenue and earnings growth rates, the company’s ability
to innovate and commercialize new products, the company’s
expected capital expenditure and the company’s implementation of
cost-reduction initiatives and measures to improve pricing,
including the optimization of the company’s manufacturing
capacity.
Although the company believes that these forward-looking
statements are based upon reasonable assumptions regarding, among
other things, current estimates and forecasts,
general economic conditions, its knowledge of its business and
key performance indicators that impact the company, there can be no
assurance that these forward-looking statements will prove
to be accurate, as actual results and future events could
differ materially from those anticipated in such
statements. The company undertakes no obligation to update
forward-looking statements if circumstances or management’s
estimates or opinions should change except as required by
applicable securities laws.
Some of the risks, uncertainties and other factors that could
cause actual results to differ materially from those expressed in
or implied by the forward-looking statements include, but
are not limited to: global economic trends, competition and
geopolitical risks, or an escalation of sanctions, tariffs or other
trade tensions between the U.S. and China or other countries,
and related impacts on our businesses’ global supply
chains and strategies; changes in macroeconomic and market
conditions and market volatility, including developments and
volatility arising from health crisis events,
inflation, interest rates, the value of securities and other
financial assets, precious metals, oil, natural gas, raw
materials and other commodity prices and exchange rates
(particularly between the U.S. dollar and the Japanese
yen, New Taiwan dollar, euro, Chinese yuan and South Korean
won), the availability of government incentives, decreases or
sudden increases of consumer demand, and the impact of such changes
and volatility on our financial position and businesses; the
duration and severity of health crisis events, such as an
epidemic or pandemic, and its impact across our businesses on
demand, personnel, operations, our global supply chains and
stock price; possible disruption in commercial activities or our
supply chain due to terrorist activity, cyber-attack, armed
conflict, political or financial instability, natural
disasters, international trade disputes or major health
concerns; loss of intellectual property due to theft, cyber-attack,
or disruption to our information technology infrastructure; ability
to enforce patents and protect intellectual property and trade
secrets; disruption to Corning’s, our suppliers’ and
manufacturers’ supply chain, equipment, facilities, IT systems
or operations; product demand and industry capacity;
competitive products and pricing; availability and costs of
critical components, materials, equipment, natural resources and
utilities; new product development and commercialization;
order activity and demand from major customers; the amount and
timing of our cash flows and earnings and other conditions, which
may affect our ability to pay our quarterly dividend at the
planned level or to repurchase shares at planned levels; the amount
and timing of any future dividends; the effects of
acquisitions, dispositions and other similar transactions; the
effect of regulatory and legal developments; ability to pace
capital spending to anticipated levels of customer demand; our
ability to increase revenues and margins through optimization of
our manufacturing capacity and implementation of operational
changes, pricing actions and cost reduction measures; rate of
technology change; adverse litigation; product and component
performance issues; retention of key personnel; customer
ability to maintain profitable operations and obtain financing to
fund ongoing operations and manufacturing expansions and pay
receivables when due; loss of significant customers; changes
in tax laws, regulations and international tax standards; the
impacts of audits by taxing authorities; the potential impact of
legislation, government regulations, and other government
action and investigations; and other risks detailed in Corning’s
SEC filings.
For a complete listing of risks and other factors, please
reference the risk factors and forward-looking statements described
in our annual reports on Form 10-K and quarterly reports on Form
10-Q.
Web DisclosureIn accordance with guidance
provided by the SEC regarding the use of company websites and
social media channels to disclose material information, Corning
Incorporated (“Corning”) wishes to notify investors, media, and
other interested parties that it uses its website to publish
important information about the company, including information that
may be deemed material to investors, or supplemental to information
contained in this or other press releases. The list of websites and
social media channels that the company uses may be updated on
Corning’s media and website from time to time. Corning encourages
investors, media, and other interested parties to review the
information Corning may publish through its website and social
media channels as described above, in addition to the company’s SEC
filings, press releases, conference calls, and webcasts.
About Corning IncorporatedCorning
(www.corning.com) is one of the world's leading innovators in
materials science, with a 170-year track record of life-changing
inventions. Corning applies its unparalleled expertise in glass
science, ceramic science, and optical physics along with its deep
manufacturing and engineering capabilities to develop
category-defining products that transform industries and enhance
people's lives. Corning succeeds through sustained investment in
RD&E, a unique combination of material and process innovation,
and deep, trust-based relationships with customers who are global
leaders in their industries. Corning's capabilities are versatile
and synergistic, which allows the company to evolve to meet
changing market needs, while also helping its customers capture new
opportunities in dynamic industries. Today, Corning's markets
include optical communications, mobile consumer electronics,
display, automotive, solar, semiconductors, and life sciences.
Media Relations Contact:Michael A. West Jr.
(607)
684-1167westm4@corning.com
Investor Relations Contact:Ann H.S. Nicholson
(607) 974-6716 nicholsoas@corning.com
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