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At Corning, we’re obsessed with the way materials like glass interact with light, but
#didyouknow light can also shape glass? Learn more: http://ms.spr.ly/6017TZewX pic.twitter.com/NdtLrcm5vR
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Looking to 2020, our market outlook and customer demand remain positive, and major milestones in 2019 validate our strategy to build a long-term, multi-billion-dollar franchise as we create a new standard in pharmaceutical glass packaging.
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Full-year sales of Life Sciences reached a milestone with sales of $1 billion, a 7% increase year over year, and net income was $150 million, up 28% year over year.pic.twitter.com/dGEc3ytiWd
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In Life Sciences, fourth-quarter sales were $256 million, an 8% increase year over year, and net income was $38 million, up 31% year over year.
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We expect growth in 2020 to come from further advancements and adoption of our premium glass as well as additional innovations.pic.twitter.com/hGyuGrfvZk
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Full-year sales for Specialty Materials were $1.6 billion, up 8% year over year, and grew for a fourth straight year despite essentially flat smartphone unit volume.pic.twitter.com/skjmYY6Tsc
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In Specialty Materials, fourth-quarter sales were $453 million, up 14% year over year, and driven by demand for our premium glasses.
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With a market-leading product, we continue to earn majority position globally as automakers award platforms to meet Euro 6 and China 6 regulations, and we once again expect to grow year over year.pic.twitter.com/Jqpfq7m4fm
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Full-year sales for Environmental were $1.5 billion, up 16%, and net income was $263 million.pic.twitter.com/kHgJenQP19
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In Environmental Technologies, fourth-quarter sales were $374 million, up 17% year over year and ahead of expectations due to continued adoption of gasoline particulate filters.
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We will continue to advance our product portfolio through co-innovation with industry-leading partners.pic.twitter.com/Cp0OZORwAJ
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In Optical Communications, fourth-quarter sales were $903 million and net income was $62 million. Full-year sales for Optical were $4.1 billion and net income was $489 million.pic.twitter.com/7zAasE1VWk
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In 2020, we plan to ramp additional Gen 10.5 capacity to meet market demand for large-size TVs, which are most efficiently produced by our customers on Gen 10.5 fabs.pic.twitter.com/sEhMzRECZ7
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Full-year sales for Display were $3.3 billion and net income was $786 million with glass volume up mid-single digits, outperforming the overall glass market, driven by our increased Gen 10.5 output.pic.twitter.com/RYIK2WAF4a
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In Display Technologies, fourth-quarter sales were $795 million and net income was $180 million.
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Fourth-quarter sales were $2.9 billion and net income was $406 million. Full-year core sales increased 2% to $11.7 billion, core net income was $1.6 billion, and core EPS was $1.76.pic.twitter.com/jZJGT00ofB
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Tune in for our live quarterly Earnings webcast at 8:30 a.m. EST as we share fourth-quarter and full-year results for 2019. Learn more here: http://ms.spr.ly/6011TZV3x pic.twitter.com/zsxDRZ6kTJ
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Today, we reported our fourth-quarter and full-year results for 2019. Learn more: http://ms.spr.ly/6017TZV3t
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