News from Corning Inc.

Corning Incorporated (NYSE: GLW) today announced results for fourth-quarter and full-year 2016.
News Summary:

• Fourth-quarter results provided a strong finish to 2016: Q4 GAAP EPS of $1.47, up 765%, and core EPS of $.50, up 47%, year over year; Q4 GAAP and core sales up 11% and 6% respectively, year over year
• Business segment performance highlights included record Corning® Gorilla® Glass volume, driven by rapid adoption of Gorilla® Glass 5; acceleration of Optical Communications growth; and continued moderation in price declines in Display Technologies
• Significant progress since introducing the Strategy and Capital Allocation Framework, returning $6 billion to shareholders and advancing focused portfolio initiatives
• Year-over-year sales, net income, and EPS growth expected in the first quarter of 2017

“Corning delivered outstanding fourth-quarter results, continuing the momentum that began earlier in the year,” said Wendell P. Weeks, chairman, chief executive officer and president. “Our very strong finish to the year was highlighted by year-over-year core sales growth of 6%, core earnings growth of 24% and core EPS growth of 47%. We are encouraged by this strength, and expect growth in these year-over-year measures in the first quarter of 2017.”