O-I Glass, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2024
April 30, 2024 at 04:30 pm EDT
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O-I Glass, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 1,593 million compared to USD 1,831 million a year ago. Net income was USD 72 million compared to USD 206 million a year ago.
Basic earnings per share from continuing operations was USD 0.46 compared to USD 1.33 a year ago. Diluted earnings per share from continuing operations was USD 0.45 compared to USD 1.29 a year ago.
O-I Glass, Inc. is a manufacturer of glass container products. The Companyâs segments include the Americas and Europe. The Company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. The Company also produces glass packaging for a variety of food items, soft drinks, teas, juices, and pharmaceuticals. The Company manufactures glass containers in a range of sizes, shapes, and colors. Its customers consist of food and beverage manufacturers, including Anheuser-Busch InBev, Brown-Forman, Carlsberg, Coca-Cola, Constellation, Diageo, Heineken, Molson Coors, Nestle, PepsiCo and Pernod Ricard. It has glass container manufacturing plants in the Americas region located in Brazil, Canada, Colombia, Ecuador, Mexico, Czech Republic, France, Germany, Hungary and the United States. It has a distribution facility in the United States used to import glass containers from its business in Mexico. It has approximately 69 plants in 19 countries.
O-I GLASS, INC. 
