O-I Glass Reports Full Year and Fourth Quarter 2020 Results
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O-I Glass (OI) Tops Q4 EPS by 6c; Offers 1Q & FY21 EPS Guidance
February 9, 2021 4:33 PM ESTO-I Glass (NYSE: OI) reported Q4 EPS of $0.40, $0.06 better than the analyst estimate of $0.34. Revenue for the quarter came in at $1.5 billion versus the consensus estimate of $1.48 billion.
Fourth Quarter 2020 Results
Reported Earnings: For the fourth quarter 2020, the loss from continuing operations was $0.18 per share compared to earnings of $0.20 per share (diluted) in the fourth quarter of 2019. Current year earnings from continuing operations before income taxes were $14 million, compared to $65 million in the prior year. Both periods included items management considers not representative of ongoing operations.Adjusted Earnings: Excluding certain items management considers not... More