O-I GLASS REPORTS THIRD QUARTER 2022 RESULTS

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O-I Glass (OI) Tops Q3 EPS by 4c, Offers Guidance

November 1, 2022 4:31 PM EDT

O-I Glass (NYSE: OI) reported Q3 EPS of $0.63, $0.04 better than the analyst estimate of $0.59. Revenue for the quarter came in at $1.7 billion versus the consensus estimate of $1.66 billion.

GUIDANCE:

O-I Glass sees Q4 2022 EPS of $0.28-$0.33, versus the consensus of $0.30.

O-I expects fourth quarter 2022 adjusted earnings will range between $0.28 and $0.33 per share, an increase from prior guidance of between $0.20 and $0.30 per share. Results are expected to lag prior year adjusted earnings of $0.36 per share primarily due to an estimated... More