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O-I Glass Inc OI

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Morningstar’s Analysis

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Aluminum Is Taking Share From Glass, But O-I Glass' 2020 Is Shaping Up Stronger Than Expected

Charles Gross Equity Analyst

Analyst Note

| Charles Gross |

Even though O-I Glass' third-quarter results weren't as robust as those of Ball and Crown, the company is still having a better year than we had anticipated. Excluding its ANZ business' sale, quarterly shipments were up 1.7% from the prior-year period, and segment operating profit was roughly flat.

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Company Profile

Business Description

O-I Glass is the world's largest manufacturer of glass bottles--70% of its revenue comes from outside the United States. O-I has a market- leading position in key markets like Europe, North America, and Brazil, among others. Beer is the primary end market for O-I's glass bottles, which are also used for wine, soda, spirits, condiments, and food. In the coming years, O-I is looking to maintain or expand its dominant positions in Europe, Australia/New Zealand, North America, and South America.

Contact
One Michael Owens Way
Perrysburg, OH, 43551
T +1 567 336-5000
Sector Consumer Cyclical
Industry Packaging & Containers
Most Recent Earnings Sep 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type Cyclical
Employees 27,500

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