Corning (GLW) Work In Process (2010 - 2024)
Corning's (GLW) quarterly Work In Process came in at $566.0 million in Q3 2024, up 10.33% on a YoY basis from $513.0 million in Q4 2023, and up 3.66% quarter-over-quarter from $546.0 million in Q2 2024.
Analysis
Corning (GLW) Work In Process (2010 - 2024) Analysis & Trends
Corning (GLW) has reported Work In Process for 15 consecutive years, with $566.0 million the latest figure, recorded in Q3 2024.
- For the quarter ending Q3 2024, Work In Process rose 10.33% year-over-year to $566.0 million; the trailing twelve-month figure through Sep 2024 stood at $566.0 million (up 10.33% YoY), and the FY2023 full-year result was $551.0 million, down 3.5% from the prior year.
- Work In Process improved to $566.0 million in Q3 2024 per GLW's latest filing, from $546.0 million in the prior quarter.
- Across five years, Work In Process topped out at $607.0 million in Q1 2023 and bottomed at $339.0 million in Q3 2021.
- Historically, Work In Process has averaged $458.7 million across 5 years, with a median of $432.0 million in 2020.
- The sharpest annual moves came in 2021 and 2022: Work In Process dropped 19.44% in 2021, then jumped 59.5% in 2022.
- Over 5 years, Work In Process stood at $358.0 million in 2020, then changed by 0.0% to $358.0 million in 2021, then surged by 59.5% to $571.0 million in 2022, then slipped by 3.5% to $551.0 million in 2023, then grew by 2.72% to $566.0 million in 2024.
- According to Business Quant data, Work In Process over the past three periods registered $566.0 million, $546.0 million, and $555.0 million for Q3 2024, Q2 2024, and Q1 2024 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Corning | 132.90 Bn | 130.97 Bn | 1.63 Bn |
| 2 | Ati | 28.67 Bn | 28.01 Bn | 309.80 Mn |
| 3 | Qnity Electronics | 25.20 Bn | 24.52 Bn | 666.00 Mn |
| 4 | International Flavors & Fragrances | 22.04 Bn | 21.50 Bn | 853.00 Mn |
| 5 | DuPont de Nemours | 17.77 Bn | 16.15 Bn | 639.00 Mn |
| 6 | Avery Dennison | 13.29 Bn | 13.06 Bn | 729.40 Mn |
| 7 | Solstice Advanced Materials | 10.12 Bn | 9.38 Bn | 370.00 Mn |
| 8 | Element Solutions | 8.77 Bn | 8.60 Bn | 334.00 Mn |
| 9 | Eastman Chemical | 8.14 Bn | 7.53 Bn | 560.00 Mn |
| 10 | Hexcel | 6.95 Bn | 6.89 Bn | 138.10 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 566.00 Mn |
| Jun 30, 2024 | 546.00 Mn |
| Mar 31, 2024 | 555.00 Mn |
| Dec 31, 2023 | 551.00 Mn |
| Sep 30, 2023 | 513.00 Mn |
| Jun 30, 2023 | 553.00 Mn |
| Mar 31, 2023 | 607.00 Mn |
| Dec 31, 2022 | 571.00 Mn |
| Sep 30, 2022 | 507.00 Mn |
| Jun 30, 2022 | 410.00 Mn |
| Mar 31, 2022 | 383.00 Mn |
| Dec 31, 2021 | 358.00 Mn |
| Sep 30, 2021 | 339.00 Mn |
| Jun 30, 2021 | 340.00 Mn |
| Mar 31, 2021 | 348.00 Mn |
| Dec 31, 2020 | 358.00 Mn |
| Sep 30, 2020 | 370.00 Mn |
| Jun 30, 2020 | 408.00 Mn |
| Mar 31, 2020 | 432.00 Mn |
| Dec 31, 2019 | 421.00 Mn |