Jeffrey Evenson - Corning Incorporated President

GLW Stock  USD 30.91  0.07  0.23%   

President

Dr. Jeffrey W. Evenson Ph.D., is an Executive Vice President and Chief Strategy Officer of the Company since 2018.
Age 55
Tenure 6 years
Professional MarksPh.D
Address One Riverfront Plaza, Corning, NY, United States, 14831
Phone607-974-9000
Webhttps://www.corning.com
Evenson joined Corning in 2011 as senior vice president and operations chief of staff. In 2015, he was named Chief Strategy Officer. He serves on the Management Committee and oversees corporate strategy, corporate communications, and advanced analytics. Prior to joining Corning, Dr. Evenson was a senior vice president with Sanford C. Bernstein, where he served as a senior analyst. Before that, Dr. Evenson was a partner at McKinsey & Company, where he led technology and market assessment for earlystage technologies. He was appointed executive vice president in 2018.

Corning Incorporated Management Efficiency

The company has Return on Asset of 0.0285 % which means that on every $100 spent on assets, it made $0.0285 of profit. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of 0.0537 %, implying that it generated $0.0537 on every 100 dollars invested. Corning Incorporated's management efficiency ratios could be used to measure how well Corning Incorporated manages its routine affairs as well as how well it operates its assets and liabilities. Return On Tangible Assets is likely to climb to 0.03 in 2024. Return On Capital Employed is likely to climb to 0.05 in 2024. At this time, Corning Incorporated's Non Currrent Assets Other are fairly stable compared to the past year. Intangible Assets is likely to climb to about 1 B in 2024, whereas Non Current Assets Total are likely to drop slightly above 12 B in 2024.
The company has 8.48 B in debt with debt to equity (D/E) ratio of 0.65, which is OK given its current industry classification. Corning Incorporated has a current ratio of 1.48, which is typical for the industry and considered as normal. Debt can assist Corning Incorporated until it has trouble settling it off, either with new capital or with free cash flow. So, Corning Incorporated's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Corning Incorporated sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Corning to invest in growth at high rates of return. When we think about Corning Incorporated's use of debt, we should always consider it together with cash and equity.

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Corning Incorporated engages in display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York. Corning operates under Electronic Components classification in the United States and is traded on New York Stock Exchange. It employs 61200 people. Corning Incorporated (GLW) is traded on New York Stock Exchange in USA. It is located in One Riverfront Plaza, Corning, NY, United States, 14831 and employs 49,800 people. Corning Incorporated is listed under Electronic Equipment, Instruments & Components category by Fama And French industry classification.

Management Performance

Corning Incorporated Leadership Team

Elected by the shareholders, the Corning Incorporated's board of directors comprises two types of representatives: Corning Incorporated inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Corning. The board's role is to monitor Corning Incorporated's management team and ensure that shareholders' interests are well served. Corning Incorporated's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Corning Incorporated's outside directors are responsible for providing unbiased perspectives on the board's policies.
John Canning, Independent Director
Tony Tripeny, CFO and Sr. VP
David Morse, Executive Vice President, Chief Technology Officer
John Bayne, Senior Vice President and General manager of Mobile Consumer Electronics
Jeffrey Evenson, Senior Vice President and Operations Chief of Staff
Wendell Weeks, Executive Chairman, CEO and President and Chairman of Executive Committee
Martin Curran, Executive Vice President Corning Innovation Officer
Lisa Ferrero, Senior Vice President Chief Administrative Officer
Robert France, Senior Vice President Human Resources
Avery Nelson, Senior Vice President and General Manager, Automotive
Mark Rogus, Senior Vice President Treasurer
Deborah Rieman, Independent Director
Daniel Huttenlocher, Independent Director
Kevin Martin, Independent Director
Deborah Henretta, Independent Director
Clark Kinlin, Executive Vice President of Corning Optical Communications
Kurt Landgraf, Independent Director
Richard Clark, Lead Independent Director
Anne Mullins, Senior Vice President & Chief Digital & Information Officer
Soumya Seetharam, Senior Officer
Michael Bell, Senior Vice President and General Manager of Optical Communications
John Zhang, Senior Vice President and General Manager, Display Technologies
Roger Ferguson, Independent Director
Lewis Steverson, Executive Vice President, Chief Legal and Administrative Officer
Stephanie Burns, Independent Director
R Tripeny, Chief Financial Officer, Executive Vice President
Li Fang, President and General Manager, Corning Greater China
Leslie Brun, Independent Director
Ronald Verkleeren, Senior Vice President and General Manager, Life Sciences Technologies
Lawrence McRae, First Vice Chairman and Corporate Development Officer
Pamela Craig, Independent Director
Edward Schlesinger, Principal Accounting Officer, VP and Corporate Controller
James Clappin, Executive Vice President - Corning Glass Technologies
John MacMahon, Senior Benefits
Donald Blair, Independent Director
Christine Pambianchi, Executive Vice President - People and Digital
Stefan Becker, Senior Vice President, Corporate Controller, Principal Accounting Officer
Ann Nicholson, Division Vice President investor Relations
Jaymin Amin, Senior CTO
Jordana Kammerud, Senior Officer
Kevin Corliss, VP Officer
Mark Wrighton, Independent Director
Robert Cummings, Independent Director
Cheryl Capps, Senior Vice President and Chief Supply Chain Officer, Global Supply Chain
Hansel Tookes, Independent Director
Kirk Gregg, Chief Admin. Officer and Executive VP
Eric Musser, Executive Vice President of Corning Technologies and International

Corning Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Corning Incorporated a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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When determining whether Corning Incorporated is a strong investment it is important to analyze Corning Incorporated's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Corning Incorporated's future performance. For an informed investment choice regarding Corning Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Corning Incorporated. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in bureau of economic analysis.
For more information on how to buy Corning Stock please use our How to Invest in Corning Incorporated guide.
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When running Corning Incorporated's price analysis, check to measure Corning Incorporated's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Corning Incorporated is operating at the current time. Most of Corning Incorporated's value examination focuses on studying past and present price action to predict the probability of Corning Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Corning Incorporated's price. Additionally, you may evaluate how the addition of Corning Incorporated to your portfolios can decrease your overall portfolio volatility.
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Is Corning Incorporated's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Corning Incorporated. If investors know Corning will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Corning Incorporated listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.21)
Dividend Share
1.12
Earnings Share
0.68
Revenue Per Share
14.844
Quarterly Revenue Growth
(0.12)
The market value of Corning Incorporated is measured differently than its book value, which is the value of Corning that is recorded on the company's balance sheet. Investors also form their own opinion of Corning Incorporated's value that differs from its market value or its book value, called intrinsic value, which is Corning Incorporated's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Corning Incorporated's market value can be influenced by many factors that don't directly affect Corning Incorporated's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Corning Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if Corning Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Corning Incorporated's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.