O-I Glass: Q2 Earnings Snapshot
By AP News
Published - Jul 31, 2024, 03:29 AM ET
Last Updated - Jul 31, 2024, 03:29 AM EDT
PERRYSBURG, Ohio (AP) — PERRYSBURG, Ohio (AP) — O-I Glass, Inc. (OI) on Tuesday reported second-quarter net income of $57 million.
On a per-share basis, the Perrysburg, Ohio-based company said it had net income of 36 cents. Earnings, adjusted for non-recurring costs, were 44 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 42 cents per share.
The glass container manufacturer posted revenue of $1.73 billion in the period.
