O-I Glass sees FY23 EPS approximately $3.00 , consensus $3.17

“Year-to-date adjusted earnings have already exceeded full year 2022 and the company expects 2023 adjusted earnings will approximate $3.00 per share. The current 2023 outlook significantly exceeds O-I’s initial guidance of at least $2.50 per share provided in January this year and represents a 30 percent increase from 2022 adjusted earnings. Higher adjusted earnings should reflect strong net price, solid operating performance and the benefit from the company’s margin expansion initiatives which will more than offset lower sales and production volume as well as higher interest expense.”