Operator
Welcome to the Corning Incorporated quarter 2 2021 earnings call. [Operator instructions] It is my pleasure to introduce you to Ann Nicholson, vice president of investor relations.
Ann Nicholson
Vice President of Investor Relations
Thank you, Katherine, and good morning. Welcome to Corning s quarter 2 2021 earnings call. With me today are Wendell Weeks, chairman and chief executive officer; Tony Tripeny, executive vice president and chief financial officer; and Jeff Evenson, executive vice president and chief strategy officer. I d like to remind you that today s remarks contain forward-looking statements that falls within the meaning of the Private Securities Litigation Reform Act of 1995.
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Corning’s First-Quarter Results Reflect Strong Start to 2021
Corning IncorporatedApril 27, 2021 GMT
CORNING, N.Y., April 27, 2021 (GLOBE NEWSWIRE) Corning Incorporated (NYSE: GLW) today announced results for the first quarter ended March 31, 2021.
Corning reported a strong first quarter:
GAAP and core sales were $3.3 billion, year-over-year increases of 38% and 29%, respectively
GAAP EPS was $0.67, reflecting strong performance and a non-cash, mark-to-market gain associated with the company’s currency-hedging contracts
Core EPS grew 125% year over year to $0.45
All segments grew sales and net income by double-digit percentages year over year