Corning (Corning) Tax Rate %

: 26.32% (As of Dec. 2023)

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Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Corning's Tax Expense for the three months ended in Dec. 2023 was $-10 Mil. Corning's Pre-Tax Income for the three months ended in Dec. 2023 was $-38 Mil. Therefore, Corning's Tax Rate % for the quarter that ended in Dec. 2023 was 26.32%.

Corning Tax Rate % Historical Data

The historical data trend for Corning's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Corning Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

21.05

17.82

20.24

22.87

20.59

Corning Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Tax Rate %																775.00	16.23	25.92	16.13	26.32

Corning Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Corning's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	168	/	816
	=	20.59 %

Corning's Tax Rate % for the quarter that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (Q: Dec. 2023 )	/	Pre-Tax Income (Q: Dec. 2023 )
	=	-10	/	-38
	=	26.32 %

Corning Tax Rate % Related Terms

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Corning (Corning) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Corning Inc (NYSE:GLW) » Definitions » Tax Rate %

Comparable Companies

Traded in Other Exchanges

1GLW:Italy GLW:Germany GLW:Germany GLW:Germany G1LW34:Brazil GLW:Argentina

Address

One Riverfront Plaza, Corning, NY, USA, 14831

Website

https://www.corning.com

Corning is a leader in materials science, specializing in the production of glass, ceramics, and optical fiber. The firm supplies its products for a wide range of applications, from flat-panel displays in televisions to gasoline particulate filters in automobiles to optical fiber for broadband access, with a leading share in many of its end markets.

Executives

Lawrence D Mcrae	officer: Senior Vice President	ONE RIVERFRONT PLAZA, CORNING NY 14831
Lewis A Steverson	officer: Senior Vice President	ONE RIVERFRONT PLAZA, CORNING NY 14831
Wendell P Weeks	officer: President and COO	ONE RIVERFRONT PLZ, CORNING NY 14831
Jordana Daryl Kammerud	officer: Senior Vice President & CHRO	ONE RIVERFRONT PLAZA, CORNING NY 14831
Thomas D French	director	ONE RIVERFRONT PLAZA, CORNING NY 14831
Michael Alan Bell	officer: Senior VP &.GM, Optical Comm.	ONE RIVERFRONT PLAZA, CORNING NY 14831
Bayne John P Jr	officer: SVP & GM Mobile Consumer Elec.	ONE RIVERFRONT PLAZA, CORNING NY 14831
Jeffrey W Evenson	officer: Senior Vice President	ONE RIVERFRONT PLAZA, CORNING NY 14831
Anne Mullins	officer: Senior Vice President & CDIO	ONE RIVERFRONT PLAZA, CORNING NY 14831
John Z Zhang	officer: Senior VP & GM, Display	ONE RIVERFRONT PLAZA, CORNING NY 14831
Cheryl C Capps	officer: SVP & Chief Supply Chain Off.	5830 GRANITE PARKWAY, SUITE 1150, PLANO TX 75024
Li Fang	officer: Pres.&GM Corning Greater China	ONE RIVERFRONT PLAZA, CORNING NY 14831
Soumya Seetharam	officer: Senior Vice President & CDIO	ONE RIVERFRONT PLAZA, CORNING NY 14831
Jaymin Amin	officer: SVP and Chief Tech. Officer	ONE RIVERFRONT PLAZA, CORNING NY 14831
Robert P. France	officer: Senior VP, Human Resources	ONE RIVERFRONT PLAZA, CORNING NY 14831