Corning Inc Ny (GLW) SEC Filing 10-Q Quarterly report for the period ending Tuesday, June 30, 2020

The primary sales drivers by segment were as follows: Display Technologies net sales decreased by $162 million, with volume decreases and display glass price declines in the low-single and mid-single digits in percentage terms, respectively; Optical Communications net sales declined $476 million, as sales volumes declined for carrier and enterprise products by $284 million and $192 million, respectively, due to general market weakness and capital spending reductions by several major customers; Net sales for Environmental Technologies decreased $182 million as production facilities of vehicle manufacturers were temporarily shut down in key markets; and Net sales for Life Sciences were approximately flat.

The primary sales drivers by segment were as follows: Display Technologies net sales decreased by $95 million, with volume decreases and display glass price declines in the mid-single digits in percentage terms; Optical Communications net sales declined $203 million, as sales volumes declined for carrier and enterprise products by $77 million and $126 million, respectively, due to general market weakness and capital spending reductions by several major customers; Net sales for Environmental Technologies decreased $140 million as production facilities of vehicle manufacturers were temporarily shut down in key markets; and Life Sciences net sales decreased by $17 million, as continued research lab closures in EMEA and North America related to the COVID-19 pandemic more than offset strong demand for test kit consumables and other products to address the pandemic.

Changes in net sales were as follows: Display Technologies net sales decreased by $95 million, with volume decreases and display glass price declines in the mid-single digits in percentage terms; Optical Communications net sales declined $203 million, as sales volumes declined for carrier products by $77 million and enterprise products by $126 million, due to general market weakness and capital spending reductions by several major customers; Net sales for Environmental Technologies decreased $140 million, as production facilities of vehicle manufacturers were temporarily shut down in key markets; and Net sales for Life Sciences declined by $17 million, as continued research lab closures in Europe, the Middle East, and Africa ("EMEA") and North America related to the COVID-19 pandemic more than offset strong demand for test kit consumables and other products to address the pandemic.

29 Index Optical Communications net sales declined $476 million, as sales volumes declined for carrier products by $284 million and enterprise products by $192 million, due to general market weakness and capital spending reductions by several major customers; Net sales for Environmental Technologies decreased $182 million, as production facilities of vehicle manufacturers were temporarily shut down in key markets; and Net sales for Life Sciences were approximately flat.