Vitro, S.A.B. de C.V. Reports Earnings Results for the First Quarter Ended March 31, 2022
May 02, 2022 at 05:00 pm EDT
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Vitro, S.A.B. de C.V. reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported sales was USD 552.38 million compared to USD 474.37 million a year ago. Net income was USD 18.98 million compared to net loss of USD 0.279 million a year ago. Basic earnings per share from continuing operations was USD 0.04. Diluted earnings per share from continuing operations was USD 0.04.
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.
VITRO, S.A.B. DE C.V. 
