Corning Incorporated (NYSE:GLW) Q3 2024 Earnings Conference Call October 29, 2024 8:30 AM ET

Company Participants

Ann Nicholson - Vice President, Investor Relations
Wendell Weeks - Chairman and Chief Executive Officer
Edward Schlesinger - Executive Vice President and Chief Financial Officer

Conference Call Participants

Samik Chatterjee - JPMorgan
Matthew Niknam - Deutsche Bank
Steven Fox - Fox Advisors LLC
Wamsi Mohan - Bank of America
John Roberts - Mizuho
Asiya Merchant - Citi
Meta Marshall - Morgan Stanley
Martin Yang - Oppenheimer
James Cannon - UBS
George Notter - Jefferies LLC
Tim Long - Barclays

Operator

Good day and thank you for standing by. Welcome to the Corning Incorporated Quarter Three 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

It is my pleasure to introduce you to Ann Nicholson, Vice President of Investor Relations. Please go ahead.

Ann Nicholson

Thank you, Dilem, and good morning, everybody. Welcome to Corning's Third Quarter 2024 Earnings Call. With me today are Wendell Weeks, Chairman and Chief Executive Officer; and Ed Schlesinger, Executive Vice President and Chief Financial Officer.

I'd like to remind you that today's remarks contain forward-looking statements that fall within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties and other factors that could cause actual results to differ materially. These factors are detailed in the company's financial reports.

You should also note that we'll be discussing our consolidated results using core performance measures, unless we specifically indicate our comments relate to GAAP data. Our core performance measures are non-GAAP measures used by management to analyze the business.

For the third quarter, the difference between GAAP and core EPS primarily reflected noncash mark-to-market adjustments associated with the company's translated earnings contracts and Japanese yen-denominated debt, constant currency adjustments and noncash asset write-offs and charges.

As a reminder, the mark-to-market accounting has no impact on our cash flow. A reconciliation of core results to the comparable GAAP value can be found in the Investor Relations section of our website at corning.com.

You may also access core results on our website with downloadable financials in the interactive analyst center. Supporting slides are being shown live on our webcast and we encourage you to follow along.

Now I'll turn the call over to Wendell.