Corning reports second-quarter 2023 financial results with notable progress on profitability and cash flow

Sales increased sequentially and decreased year over year, in line with management expectations for the current weak end-market environment; sequential margin expansion and $310 million of free cash flow reflect progress on pricing and productivity actions, with continued improvement expected in the second half; in the third quarter, management expects core sales of approximately $3.5 billion and core eps to be about the same or slightly better than in the second quarter sales increased sequentially and decreased year over year, in line with management expectations for the current weak end-market environment; sequential margin expansion and $310 million of free cash flow reflect progress on pricing and productivity actions, with continued improvement expected in the second half; in the third quarter, management expects core sales of approximately $3.5 billion and core eps to be about the same or slightly better than in the second quarter
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