O-I Glass reports Q1 adjusted EPS 56c, consensus 39c 16:08 OI Reports Q1 revenue $1.7B, consensus $1.54B. Average selling prices increased 8.6% in Q1. "O-I reported strong first quarter results that significantly exceeded guidance and demonstrated our agility to navigate elevated market uncertainty and volatility. Shipments increased 6.4 percent compared to the prior year period and strengthened over the course of the quarter. Operating and cost performance surpassed our expectations as improved manufacturing speed and efficiency increased production to support robust demand amid record low inventory levels. Likewise, the benefit of higher selling prices more than offset elevated cost inflation," said Andres Lopez, O-I Glass CEO.
O-I Glass raises FY22 adjusted EPS view to $1.85-$2.10 from $1.85-$2.00 16:12 OI Consensus $1.89. The company said, "The updated range reflects favorable first quarter results and good momentum as the company navigates a period of elevated macro uncertainty. Management has reaffirmed its original outlook for adjusted free cash flow of at least $350 million and free cash flow of at least $125 million." "We are increasingly optimistic on our full-year business outlook as we continue to navigate challenging macro conditions with agility. Demand for healthy, sustainable glass containers remains strong, operating performance is solid and we are effectively raising prices to offset cost inflation," concluded Lopez. O-I Glass rises 10.3% 09:47 OI O-I Glass is up 10.3%, or $1.37 to $14.62. O-I Glass, Inc. (OI) NYSE - Nasdaq Real Time Price. Currency in USD Add to watchlist Visitors trend2W10W9M 13.19-0.06(-0.45%) <------------- BUY HERE**** As of 12:36PM EDT.
24,000 EMPLOYEES AND PART OF THIS SIZZLING PACKAGING SECTOR!!! GBA BARE ESSENTIALS NEEDS PACKAGING! Description O-I Glass, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers primarily in the Americas, Europe, and the Asia Pacific. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. The company was founded in 1903 and is headquartered in Perrysburg, Ohio.
LOADING DOCK-! $33.35-1.61(-4.61%)<---- WE COULD TRY AND GET CUTE BUT $30 AREA THE HEDGIES SCOOPED THIS LIKE CRAZY.......... SO WE ARE NOT FAR OFF... As of 12:45PM EDT.
ATTENTION READERS Its time to re-visit an old friend. I brought this stock to ET when it was $3.50 in mid October of 2020. It never looked back and went all the way to $25 First ever mention on ET: Well it has pulled way back and it is at $6.51 now. This is a solid biotech company with a solid balance sheet and a low PE trading at a 52 week low. They make money too. No debt. Possibly a takeover candidate. ORGO>>>> $6.50 -vz
ANTero Resources Corporation (AR) NYSE - Nasdaq Real Time Price. 33.52+1.04(+3.20%)<------------------ As of 12:49PM EDT.