Strategy and Growth Framework

Home / About Us Home / Investor Relations / Our Strategy / Our Corporate Strategy / Strategy and Growth Framework

“Our new Strategy and Growth Framework defines our leadership priorities through 2023. Our fundamental approach remains the same. We will focus our portfolio and utilize our financial strength to invest in growth, extend our leadership, and return cash to shareholders.”
- Wendell P. Weeks, Chairman and Chief Executive Officer

The Strategy and Growth Framework outlines our priorities for 2020-2023. It is aligned with the Strategy and Capital Allocation Framework that we introduced in October 2015, which provided guiding principles for 2016-2019. Under the Strategy and Growth Framework, we expect to deliver 6% to 8% compound annual sales growth and 12% to 15% compound annual earnings growth. We also plan to expand our operating margin and ROIC, and deliver $8-10 billion to shareholders, including annual dividend per share increases of greater than 10%. 

 

Focused and Cohesive Portfolio

We are best-in-the-world in three core technologies, four manufacturing and engineering platforms, and five market-access platforms. We focus 80 percent of our resources on opportunities that use capabilities in at least two of these three categories.

Our Capital Allocation Plan describes the sources and uses of the cash we plan to deploy through 2023.  

The Framework is built on a core leadership philosophy of:

  • Operating our businesses exceptionally well 
  • Investing to capture profitable growth opportunities that align with our focused portfolio
  • De-risking investments through customer commitments
  • Distributing cash to shareholders

Under the Strategy and Capital Allocation Framework, we created significant value. We committed to generate more than $26 billion in cash, return more than $12.5 billion to our shareholders through repurchases and dividends, and invest $10 billion to extend our leadership and deliver growth – and we have done exactly what we said we would do. Our strong execution has created a much bigger and stronger Corning.

The new Strategy and Growth Framework defines our leadership priorities through 2023.  It’s our original Framework evolved for a new growth era.

 

Learn More About our Strategy and Performance

News Releases and Web Disclosures

More >

Videos

More >

Presentations

More >