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Reports strong rebound after challenging second quarter due to pandemic.
November 6, 2020
By: DAVID SAVASTANO
Editor, Ink World Magazine
O-I Glass, Inc. reported financial results for the third quarter ended Sept. 30, 2020. Net sales in the third quarter of 2020 were $1.6 billion compared to $1.7 billion in the prior year as net sales declined $76 million attributed to the divestment of ANZ. After adjusting for the sale of ANZ, aver-age selling prices improved by nearly 1% and increased revenue by $12 million. Segment operating profit was $204 million in the third quarter of 2020 compared to $206 million in the prior year. ...
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