Corning Incorporated Q4 FY2021 Earnings Call

Operator: Welcome to the Corning Inc. Quarter Four 2021 Earnings Call. [Operator Instructions] It is my pleasure to introduce you, Ann Nicholson, Vice President of Investor Relations. Ann Nicholson: Thank you, Shannon. Good morning, everybody. Welcome to Corning’s quarter four 2021 earnings call. With me today are Wendell Weeks, Chairman and Chief Executive Officer; Tony Tripeny, Executive Vice President and Chief Financial Officer; Jeff Evenson, Executive Vice President and Chief Strategy Officer; and Ed Schlesinger, currently serving as Senior Vice President and Corporate Controller. 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 will be discussing our consolidated results using core performance measures, unless we specifically indicate our comments related to GAAP data. Our core performance measures are non-GAAP measures used by management to analyze the business. For the fourth quarter, the largest differences between our GAAP and core results stem from non-cash mark-to-market gains associated with the company’s currency hedging contracts and non-cash impairment charges. With respect to mark-to-market adjustments, GAAP accounting requires earnings tr