Corning Inc Ny (GLW) SEC Filing 10-K Annual report for the fiscal year ending Monday, December 31, 2018

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Strong fourth quarter, including year-over-year sales growth in all businesses, finished an excellent 2018

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Full-year GAAP sales of $11.3 billion, and full-year GAAP EPS of $1.13; Q4 GAAP sales of $3.0 billion, and Q4 GAAP EPS of $0.32

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2018 core sales of $11.4 billion, and core EPS of $1.78, both up 11%

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Fourth-quarter core sales of $3.1 billion, up 15% year over year, and core EPS of $0.59, up 28% year over year

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All businesses delivered full-year sales growth powered by adoption of innovations and strategic growth investments

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Optical Communications full-year sales growth of 18% for second consecutive year puts business on pace to exceed goal of $5 billion in 2020 sales, with continued growth beyond

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Specialty Materials full-year sales growth of 5% follows exceptional 2017 growth of 25%, driven by adoption of latest Corning innovations

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Environmental Technologies full-year sales growth accelerated to 17%, driven by adoption of gasoline particulate filters (GPF)

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Display Technologies sales grew 4% as the company ramped its new Gen 10.5 facility and reached important milestone of mid-single-digit percentage year-over-year price declines in the second half

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Life Sciences full-year sales were up 8%, as the business continued to outpace market growth

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Significant progress on Strategy and Capital Allocation Framework

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Company achieved key milestones in all five market-access platforms, including customer and platform wins, as well as new product and market development advancements 

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Since the Framework began, returned $11.8 billion to shareholders on path to return more than $12.5 billion, and increased dividends per share 50%

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Company expects continued growth in 2019 and beyond, driven by benefits from its investments as well as adoption of technologies well-aligned to key industry trends and Corning’s cohesive portfolio