Vitro, S.A.B. de C.V. Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2017
July 25, 2017
Share
Vitro, S.A.B. de C.V. announced consolidated earnings results for the second quarter and six months ended June 30, 2017. For the quarter, the company reported net sales of $561 million compared with $228 million for the same period a year ago. Operating income was $73 million compared with $43 million for the same period a year ago. Income before tax was $69 million compared with $69 million for the same period a year ago. Net income from continuing operations was $45 million compared with $45 million for the same period a year ago. Net income attributable to controlling interest was $44 million compared with $47 million for the same period a year ago. EBITDA was $105 million compared with $54 million for the same period a year ago.
For the six months, the company reported net sales of $992 million compared with $459 million for the same period a year ago. Operating income was $141 million compared with $91 million for the same period a year ago. Income before tax was $128 million compared with $119 million for the same period a year ago. Net income from continuing operations was $90 million compared with $83 million for the same period a year ago. Net income attributable to controlling interest was $90 million compared with $86 million for the same period a year ago. EBITDA was $200 million compared with $113 million for the same period a year ago.
Vitro, S.A.B. de C.V. is a glass producer in Mexico. The Company, through its subsidiary companies, produces, processes, distributes and markets a range of glass products. It operates through two segments: Glass containers, which includes glass containers, precision components, as well as machinery and molds for the glass industry, and Flat glass, which includes flat glass for the construction and automotive industries, and carbonate and sodium bicarbonate. The Company's products include glass containers, float glass, automotive OEM glass, automotive replacement glass, machinery & equipment, and chemicals. It is also a supplier of raw materials, mold manufacturing, equipment and machinery, and equipment for industrial and chemicals. Through its Containers and Float Glass business units, it serves the cosmetics, perfume pharmaceutical, construction and automotive industries, as well as the chemical, machinery and equipment, and molds industries.