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O-I Glass, Inc. reported earnings results for the first quarter ended March 31, 2024. For the first quarter, the company reported sales was USD 1,593 million compared to USD 1,831 million a year ago. Net income was USD 72 million compared to USD 206 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 1.33 a year ago. Diluted earnings per share from continuing operations was USD 0.45 compared to USD 1.29 a year ago.
Period Ending: | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 |
---|---|---|---|---|
Total Revenue | 1593 | 1641 | 1743 | 1890 |
Gross Profit | 318 | 231 | 364 | 416 |
Operating Income | 173 | 94 | 202 | 244 |
Net Income | 72 | -470 | 51 | 110 |
Period Ending: | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 |
---|---|---|---|---|
Total Assets | 9409 | 9669 | 9735 | 9911 |
Total Liabilities | 7583 | 7925 | 7622 | 7768 |
Total Equity | 1826 | 1744 | 2113 | 2143 |
Period Ending: | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 |
---|---|---|---|---|
Period Length: | 0 Months | 0 Months | 0 Months | 0 Months |
Cash From Operating Activities | -270 | 381 | 339 | 291 |
Cash From Investing Activities | -215 | -226 | -191 | -168 |
Cash From Financing Activities | -17 | -58 | -101 | 148 |
Net Change in Cash | -518 | 121 | 38 | 274 |
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