Vitro, S.A.B. De C.V. Reports Earnings Results for the Fourth Quarter Ended December 31, 2018
February 18, 2019 at 01:07 pm EST
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Vitro, S.A.B. De C.V. Announced earnings results for the fourth quarter ended December 31, 2018. For the fourth quarter, the company announced sales was USD 540 million compared to USD 527 million a year ago. Operating income was USD 55 million compared to USD 58 million a year ago. Net income was USD 29 million compared to USD 43 million a year ago. For the full year, sales was USD 2,238 million compared to USD 2,075 million a year ago. Operating income was USD 245 million compared to USD 273 million a year ago. Net income was USD 162 million compared to USD 194 million a year ago.
Vitro, S.A.B. de C.V. is a glass producer in Mexico. The Company, through its subsidiary companies, produces, processes, distributes and markets a range of glass products. It operates through two segments: Glass containers, which includes glass containers, precision components, as well as machinery and molds for the glass industry, and Flat glass, which includes flat glass for the construction and automotive industries, and carbonate and sodium bicarbonate. The Company's products include glass containers, float glass, automotive OEM glass, automotive replacement glass, machinery & equipment, and chemicals. It is also a supplier of raw materials, mold manufacturing, equipment and machinery, and equipment for industrial and chemicals. Through its Containers and Float Glass business units, it serves the cosmetics, perfume pharmaceutical, construction and automotive industries, as well as the chemical, machinery and equipment, and molds industries.