Corning reports fourth-quarter and full-year 2022 financial results
The company grew 2022 sales and eps, building on a strong 2021 and demonstrating strategic resilience in a challenging external environment; optical communications and hemlock and emerging growth businesses delivered double-digit year-over-year sales growth, and display technologies maintained stable pricing; for first-quarter 2023, management expects sales to be impacted by pandemic-related disruptions in china, with core sales in the range of $3.2 billion to $3.4 billion and core eps in the range of $0.35 to $0.42; pricing and productivity improvement actions taken in q4 2022 are expected to deliver profitability and cash flow benefits starting in q1 2023 the company grew 2022 sales and eps, building on a strong 2021 and demonstrating strategic resilience in a challenging external environment; optical communications and hemlock and emerging growth businesses delivered double-digit year-over-year sales growth, and display technologies maintained stable pricing; for first-quarter 2023, management expects sales to be impacted by pandemic-related disruptions in china, with core sales in the range of $3.2 billion to $3.4 billion and core eps in the range of $0.35 to $0.42; pricing and productivity improvement actions taken in q4 2022 are expected to deliver profitability and cash flow benefits starting in q1 2023
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