Corning Incorporated (GLW) CEO Wendell Weeks Presents at Bernstein's 37th Annual Strategic Decisions Conference (Transcript)

Jun. 02, 2021 2:30 PM ETCorning Incorporated (GLW) StockGLW
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Corning Incorporated (NYSE:GLW) Bernstein's 37th Annual Strategic Decisions Conference June 2, 2021 10:00 AM ET

Company Participants

Wendell Weeks - Chairman the CEO
Tony Tripeny - EVP and CFO
Ann Nicholson - IR

Conference Call Participants

Jay Huang - Bernstein

Jay Huang

Good morning, everyone. Thank you for joining me today. My name Jay Huang. I'm the industrial technology analyst at Bernstein. Together with me today is Corning's Chairman and CEO, Wendell Weeks; and EVP and CFO, Tony Tripeny; and also Head of IR, Ann Nicholson. Today, we are going to have a fireside chat. Before that, we're going to -- Wendell will give us a brief introduction of the company with some slides. Just as a reminder to investors joining the call today, there is a live Q&A function on the right side of your viewing screen. Please use that path to submit your questions. There are already some good questions there. If you see any of those and you want to vote for it, we will prioritize it.

With that, I will pass the mic to Wendell. Thank you for joining us today, Wendell.

Wendell Weeks

Well, thanks for having me, and good morning, everyone. Before we get started, please remember that my statements will contain forward-looking expectations because they would be boring without those. And that our actual results may differ in a material way. Also, we'll be discussing results using core performance measures. So in April, we reported a really strong start to what we expect will be an outstanding year. For the first quarter, all five of our segments delivered double digit sales and net income growth year-over-year. And relative to pre-pandemic levels, sales increased 14% versus the first quarter of 2019. For the second quarter, we're on track to meet the sales and EPS estimates that we provided during our April call. We expect sales of $3.3 billion to $3.5 billion and EPS in

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