O-I Glass (STU:2WZ) Tax Rate % : 35.04% (As of Mar. 2024)

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What is O-I Glass Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. O-I Glass's Tax Expense for the three months ended in Mar. 2024 was €38 Mil. O-I Glass's Pre-Tax Income for the three months ended in Mar. 2024 was €108 Mil. Therefore, O-I Glass's Tax Rate % for the quarter that ended in Mar. 2024 was 35.04%.

O-I Glass Tax Rate % Historical Data

The historical data trend for O-I Glass's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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O-I Glass Tax Rate % Chart

O-I Glass Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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-45.21

25.21

50.30

22.11

226.87

O-I Glass Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Tax Rate %	Get a 7-Day Free Trial															22.22	26.62	31.71	-5.69	35.04

O-I Glass Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

O-I Glass's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	139.384	/	61.439
	=	226.87 %

O-I Glass's Tax Rate % for the quarter that ended in Mar. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Mar. 2024 )	/	Pre-Tax Income (Q: Mar. 2024 )
	=	37.72	/	107.64
	=	35.04 %

O-I Glass Tax Rate % Related Terms

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O-I Glass (STU:2WZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » O-I Glass Inc (STU:2WZ) » Definitions » Tax Rate %

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Traded in Other Exchanges

OI:USA 2WZ:Germany

Address

One Michael Owens Way, Perrysburg, OH, USA, 43551

Website

https://www.o-i.com

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 such as 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, North America, and South America.

O-I Glass (STU:2WZ) Headlines

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