By Davit Kirakosyan

O-I Glass, Inc. (NYSE 🙂 gave a Q2/22 business update. They expect their adjusted EPS will exceed the previous range.

According to Andres Lopez, the CEO of the company, Q2 is progressing very well, with glass container shipments growing 1% quarter-to-date through May, which is consistent with the company’s estimate of low, single digit growth.

The company now expects Q2 adjusted EPS to exceed $0.65, compared to its most recent guidance range of $0.55–$0.60, reflecting more favorable operating performance and higher net price. Wall Street consensus stands at $0.58.