Caution Concerning Forward-Looking Statements
The statements in this release that are not historical facts or information and contain words such as “will,” “believe,” “anticipate,” “expect,” “intend,” “plan,” “seek,” “see,” “would,” and “target” and similar expressions are forward-looking statements. These forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and include estimates and assumptions related to economic, competitive and legislative developments. Such statements relate to future events that by their nature address matters that are, to different degrees, uncertain.
These forward-looking statements relate to, among other things, the Company’s future operating performance, the Company’s share of new and existing markets, the Company’s revenue and earnings growth rates, the Company’s ability to innovate and commercialize new products, and the Company’s implementation of cost-reduction initiatives and measures to improve pricing, including the optimization of the Company’s manufacturing capacity.
These statements are subject to change and uncertainty which are, in
many instances, beyond our control. There can be no assurance that future
developments will be in accordance with management’s expectations. Actual
results could differ materially from those expected by us, depending on the
outcome of various factors. We do not undertake to update forward-looking
statements.
Although the Company believes that these forward-looking statements are based upon reasonable assumptions regarding, among other things, current estimates and forecasts, general economic conditions, its knowledge of its business, and key performance indicators that impact the Company, actual results could differ materially.
The
Company does not undertake to update forward-looking statements. Some of the risks, uncertainties and other
factors that could cause actual results to differ materially from those
expressed in or implied by the forward-looking statements include, but are not
limited to: the duration and severity of the COVID-19 pandemic, and its
ultimate impact across our businesses on demand, operations and our global
supply chains; the effects of acquisitions, dispositions and other similar
transactions; global business, financial, economic and political conditions;
tariffs and import duties; currency fluctuations between the U.S. dollar and
other currencies, primarily the Japanese yen, new Taiwan dollar, euro, Chinese
yuan and South Korean won; product demand and industry capacity; competitive
products and pricing; availability and costs of critical components and
materials; new product development and commercialization; order activity and
demand from major customers; the amount and timing of our cash flows and
earnings and other conditions, which may affect our ability to pay our
quarterly dividend at the planned level or to repurchase shares at planned
levels; possible disruption in commercial activities due to terrorist activity,
cyber-attack, armed conflict, political or financial instability, natural
disasters, or major health concerns; loss of intellectual property due to
theft, cyber-attack, or disruption to our information technology
infrastructure; unanticipated disruption to equipment, facilities, IT systems
or operations; effect of regulatory and legal developments; ability to pace
capital spending to anticipated levels of customer demand; rate of technology
change; ability to enforce patents and protect intellectual property and trade
secrets; adverse litigation; product and components performance issues;
retention of key personnel; customer ability, most notably in the Display
Technologies segment, to maintain profitable operations and obtain financing to
fund ongoing operations and manufacturing expansions and pay receivables when
due; loss of significant customers; changes in tax laws and regulations; the
impacts of audits by taxing authorities; the potential impact of legislation,
government regulations, and other government action and investigations; and
other risks detailed in Corning’s SEC filings.
For a complete listing of risks and other factors, please
reference the risk factors and forward-looking statements described in our
annual reports on Form 10-K and quarterly reports on Form 10-Q.
Web Disclosure
In accordance with guidance provided by the SEC regarding
the use of company websites and social media channels to disclose material
information, Corning Incorporated (“Corning”) wishes to notify investors,
media, and other interested parties that it uses its website (
http://www.corning.com/worldwide/en/about-us/news-events.html ) to publish
important information about the company, including information that may be
deemed material to investors, or supplemental to information contained in this
or other press releases.
The list of websites and social media channels that the
company uses may be updated on Corning’s media and website from time to time.
Corning encourages investors, media, and other interested parties to review the
information Corning may publish through its website and social media channels
as described above, in addition to the company’s SEC filings, press releases,
conference calls, and webcasts.
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