O-I Glass (NYSE:OI) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$1.68b (down 3.7% from 3Q 2023).
- Net loss: US$80.0m (down by 257% from US$51.0m profit in 3Q 2023).
- US$0.52 loss per share (down from US$0.33 profit in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
O-I Glass Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 4.6%. Earnings per share (EPS) was also behind analyst expectations.
Looking ahead, revenue is forecast to grow 1.9% p.a. on average during the next 3 years, compared to a 5.8% growth forecast for the Packaging industry in the US.
Performance of the American Packaging industry.
The company's shares are down 5.9% from a week ago.
Risk Analysis
You still need to take note of risks, for example - O-I Glass has 1 warning sign we think you should be aware of.
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About NYSE:OI
O-I Glass
Through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally.
Very undervalued with moderate growth potential.
