Last $34.97 MXN
Change Today +0.52 / 1.51%
Volume 1.1K
As of 4:08 PM 04/23/14 All times are local (Market data is delayed by at least 15 minutes).

vitro s.a.b.-series a (VITROA) Snapshot

Open
$34.50
Previous Close
$34.45
Day High
$34.97
Day Low
$34.50
52 Week High
04/10/14 - $35.50
52 Week Low
07/26/13 - $22.90
Market Cap
16.9B
Average Volume 10 Days
10.9K
EPS TTM
$1.50
Shares Outstanding
483.6M
EX-Date
05/7/09
P/E TM
23.2x
Dividend
--
Dividend Yield
--
Current Stock Chart for VITRO S.A.B.-SERIES A (VITROA)

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vitro s.a.b.-series a (VITROA) Details

Vitro, S.A.B. de C.V., through its subsidiaries, engages in the manufacture and sale of glass products primarily in Mexico. The company offers glass containers for the food, beverages, wine, liquor, cosmetics, pharmaceuticals, fragrances, and toiletries industries; supplies raw materials; and develops machinery, molds, and equipment for the glass industry. It also provides flat glass products, such as architectural, original automotive, and replacement automotive glass for the automotive and construction industries. The company sells its flat glass products in Europe, Asia, and the Middle East, as well as the North, Central, and South American markets. Vitro, S.A.B. de C.V. was founded in 1909 and is headquartered in Garza García, Mexico.

15,279 Employees
Last Reported Date: 01/15/14
Founded in 1909

vitro s.a.b.-series a (VITROA) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

vitro s.a.b.-series a (VITROA) Key Developments

Vitro, S.A.B. de C.V. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2013

Vitro, S.A.B. de C.V. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2013. For the quarter, the company reported EBIT of USD 71 million, EBITDA of USD 106 million, net income from continuing operations of USD 29 million and net income attributable to controlling interest of USD 31 million on net sales of USD 427 million compared to EBIT of USD 70 million, EBITDA of USD 105 million, net income from continuing operations of USD 39 million and net income attributable to controlling interest of USD 30 million on net sales of USD 455 million reported a year ago. Total net debt was USD 1,039 million compared to USD 957 million as at September 30, 2012. EBITDA increased 0.6% year on year, reflecting a good performance by the container division, counter weighting a lower result in the flat glass unit. As a continued effort to reduce even further the debt leverage, the company has been able to reduce the net debt by USD 83 million from USD 1,122 million in the previous quarter, supported by a healthy cash flow from operations of USD 100 million. Net sales declined 6.1% year-over-year, primarily reflecting the impact of adverse weather caused by hurricanes Manuel and Ingrid in Mexico during September and lower sales volumes, particularly in the Automotive and Beer segments at Flat Glass and Glass Containers, respectively. The recovery of an insurance claim coupled with lower legal expenses and the ongoing efforts of cost reduction positively impacted EBIT and EBTIDA, more than offsetting the negative effect of price erosion in some segments, rising natural gas prices and lower capacity utilization in its OEM business. Net free cash flow was USD 78 million compared to net free cash flow of USD 50 million reported a year ago, reflecting year-over-year reductions of USD 19 million in net interest paid and USD 9 million in working capital. Capex totaled USD 21 million compared to USD 18 million reported a year ago. Glass Containers represented 85% of total CapEx, which was mainly invested in manufacturing of molds used in production of glass containers, improvements and maintenance in various facilities. Flat Glass accounted for the remaining 15%, utilized for maintenance throughout its facilities, investments in racks and tooling for the auto glass segment and improvements in automotive and value-added products facilities as well. Income before tax was USD 42 million compared to USD 79 million reported a year ago. Operating income after other expenses, net, was USD 70 million compared to USD 70 million reported a year ago. For the nine months, the company reported EBIT of USD 190 million, income before tax of USD 98 million, net income from continuing operations of USD 64 million and net income attributable to controlling interest of USD 64 million on net sales of USD 1,284 million compared to EBIT of USD 169 million, income before tax of USD 624 million, net income from continuing operations of USD 596 million and net income attributable to controlling interest of USD 530 million on net sales of USD 1,336 million reported a year ago. Operating income after other expenses, net, was USD 192 million compared to USD 117 million reported a year ago. Earnings per share were MXN 2.1 compared to 19.6 reported a year ago.

Vitro, S.A.B. de C.V. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013; Provides CapEx Guidance for 2013

Vitro, S.A.B. de C.V. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2013. Consolidated net sales declined 0.6% year-over-year to $445 million from $447 million. In second quarter 2013 the company posted a consolidated net loss of $21 million, mainly attributable to a higher Total Financing Result of $101 million. This was due to a higher non-cash FX loss in second quarter 2013 mainly as a result of an accumulated peso depreciation, more than offsetting a higher EBIT of $65 million during second quarter 2013 compared to $48 million in 2Q'12. Consolidated EBITDA increased 18.6% year on year to $102 million versus $86 million, positively impacted by a solid performance in the Glass Container division and non-recurring benefits related to Tractebel settlement finalization and an employment promotion benefit, which more than of set the effect of customer claims related to the restructuring process. Consolidated net debt increased 12.2% year on year to $1,122 million at the close of the quarter reflecting the $235 million Note issued by a Vitro subsidiary as part of the agreements to finalize pending legal actions related to its debt restructuring process versus $1,000 million. EBIT was $65 million against $48 million for the same period last year. Net loss from continuing operations was $21 million against $20 million of prior year period. During second quarter 2013 the company's net free cash flow was $69 million, compared to breakeven net free cash flow in second quarter 2012. During second qua 2013 Capex totaled $10 million, compared to $16 million in second quarter 2012. For the six months, the company reported net income of $35 million on net sales of $857 million compared to net income of $500 million on net sales of $881 million for the corresponding period last year. Income before tax was $56 million against $546 million of prior year period. Operating income was $119 million against $99 million for the same period last year. On April 29, 2013, Vitro announced its plan to invest more than MXN 1,777 million during 2013, after having observed and approved the financial results for 2012, the annual reports of the Audit, Corporate Practices and Finance and Planning Committees, as well as the Board of Directors and CEO's reports for the year ending on December 31, 2012. This amount shall represent an increase of 65% with respect to the investment achieved in 2012 and shall be directed towards increasing the melting capacity in Glass Containers, as well as to the application of a series of improvements in the company's equipment and facilities in order to strengthen its leadership in the market after overcoming a challenging period. An 89% of the budget will be directed towards operations in Mexico, mainly to increase the manufacturing capacity of some of the furnaces and to improve and update the plants in their technological processes as well as in equipment.

Vitro to Invest MXN 1.777 Billion to Raise Capacity

Vitro is to invest MXN 1.777 billion (EUR 111.19 million; USD 146.40 million) to increase capacity for glass container making and the production of automotive glass.

 

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VITROA

Industry Average

Valuation VITROA Industry Range
Price/Earnings 22.5x
Price/Sales 0.6x
Price/Book 2.6x
Price/Cash Flow 28.6x
TEV/Sales NM Not Meaningful
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