O-I Glass, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2023
February 06, 2024 at 04:31 pm EST
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O-I Glass, Inc. reported earnings results for the fourth quarter ended December 31, 2023. For the fourth quarter, the company reported sales was USD 1,641 million compared to USD 1,693 million a year ago. Net loss was USD 470 million compared to net income of USD 13 million a year ago.
Basic loss per share from continuing operations was USD 3.05 compared to basic earnings per share from continuing operations of USD 0.09 a year ago. Diluted loss per share from continuing operations was USD 3.05 compared to diluted earnings per share from continuing operations of USD 0.08 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. 
