Vitro, S.A.B. de C.V. Reports Earnings Results for the Full Year Ended December 31, 2022
April 19, 2023 at 07:01 pm EDT
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Vitro, S.A.B. de C.V. reported earnings results for the full year ended December 31, 2022. For the full year, the company reported sales was USD 2,352.36 million compared to USD 1,957.57 million a year ago. Net income was USD 17.86 million compared to net loss of USD 106.6 million a year ago.
Basic earnings per share from continuing operations was USD 0.038 compared to basic loss per share from continuing operations of USD 0.2261 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.