2010 Corning Annual Report

《2010 Corning Annual Report》由会员上传分享，免费在线阅读，更多相关内容在学术论文-天天文库。

1、2010CorningAnnualReportAdvancedDisplayTechnologiesCleanAirTechnologiesDrugDiscoveryToolsDamage-ResistantCoverGlassInfiniteBandwidthCapabilitiesCorningistheworldleaderinspecialtyglassandceramics,creatingkeystonecomponentsthatenablehigh-technologysystemsforconsumerel

2、ectronics,mobileemissionscontrol,telecommunications,andlifesciences.Corninghasbeenmakingpossibilitiesrealfor160years.Toourshareholders:CorningIncorporatedhadanoutstandingyearin2010.We2010HighlightsdeliveredstrongfinancialresultsincludingrecordprofitsandProtectOurFi

3、nancialHealthearningspershare,excludingspecialitems.Wecommercializedinnovativenewproductsacrossourdiversebusinesses.WeIn2010,Corningimproveditsalready-strongfinancialhealth.capturedimportantmarketopportunitiesinChina.AndweWecontinuedtostrengthenthecompany’sbalances

4、heet,continuedtoadvanceournewbusinessportfolio.endingtheyearwithmorethan$6billionincashandshort-terminvestments.ThisexceptionallystrongbalancesheetgivesusCorning’sstrong2010performanceistheresultoftremendoustheflexibilitytomakestrategicinvestmentstoimproveworkbyour

5、employees,thecompany’sparticipationindiversi-Corning’scompetitiveposition.fiedglobalmarkets,andaclearCorporateStrategyFrameworkthatguidesusduringgoodtimesandbad.ThatstrategyistoImproveProfitabilitygrowthroughglobalinnovation,toproactivelycreatestabilityandbalance,a

6、ndtoalwaysliveourValues.Wealsometorexceededtargetsforallourmajorfinancialmetrics.Saleswereup23percentover2009,resultingintheCorning’sManagementCommitteedesignedthisCorporatesecond-highestannualrevenuesinCorning’shistory.GrossmarginStrategyFrameworktosupportourmissi

7、onofanotherimprovedfrom39percentofsalesin2009to46percentin2010.160yearsofinnovationandindependence,andweuseitasWegeneratednetincomeofnearly$3.6billonandearningsperthefoundationforourannualOperatingPriorities.shareof$2.25.Andwedeliveredaseventhconsecutiveyearofposit

8、ivefreecashflow.Corning’s2010prioritieswereto:Corning’sresultswerehelpedbyaweakdollar,butallourProtectourfinancialhealth;segmentsimprovedtheirpe