- Corning's non-GAAP earnings have been flat over the last several years.
- Non-GAAP earnings have been far above GAAP earnings due to exclusion of restructuring and other non-routine costs.
- Restructuring costs and share repurchases have converted a net cash position to a significant net debt position.
- The pandemic has affected earnings but green shoots are now emerging in markets with good prospects for Corning's products.
- The negatives for Corning might be at an end, with future prospects now improving.
For further details see:
Corning: Non-GAAP And Balance Sheet Woes Might Be Ended