O-I Glass, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2022
August 02, 2022 at 04:25 pm EDT
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O-I Glass, Inc. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 1,778 million compared to USD 1,660 million a year ago. Net income was USD 252 million compared to USD 118 million a year ago. Basic earnings per share from continuing operations was USD 1.62 compared to USD 0.75 a year ago. Diluted earnings per share from continuing operations was USD 1.59 compared to USD 0.73 a year ago.
For the six months, sales was USD 3,469 million compared to USD 3,161 million a year ago. Net income was USD 340 million compared to USD 21 million a year ago. Basic earnings per share from continuing operations was USD 2.18 compared to USD 0.13 a year ago. Diluted earnings per share from continuing operations was USD 2.14 compared to USD 0.13 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. 
