Glassmaker Earnings – NEG, AGC and Comparison
After Corning reported its Q1’21 financial results two weeks ago, its two Japanese competitors reported last week. We review the results of NEG and AGC and compare the results of all three manufacturers. NEG’s results beat analysts’ consensus expectations for revenues of ¥71.1B and net income of ¥3.3B. AGC benefited from strong demand in its automotive and architectural glass segments and rising prices in its chemical business segment to improved profits in Q2’21.