O-I Glass (OI) Tops Q1 EPS by 1c

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O-I Glass Reports First Quarter 2020 Results

April 28, 2020 4:21 PM EDT

PERRYSBURG, Ohio, April 28, 2020 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE

O-I Glass, Inc. (NYSE: OI) today reported financial results for the first quarter ended March 31, 2020.

As described in our preliminary earnings release update, O-Is first quarter performance was solid. Results benefited from favorable price and mix as well as good cost performance. At the same time, shipment levels were slightly below prior year reflecting the initial impact of the COVID-19 pandemic and the volume pressures have continued in April. Consistent... More