O-I Glass, Inc. (NYSE:OI) Q3 2023 Earnings Call Transcript

John Haudrich: Yes, I would say you get such a wide range of different practices by different industries. For example, the distributors in Beer North America hold on a few weeks of inventory, but you take a look at that same wholesaler channel for wine and spirits, It is months up to a year in certain different categories and things like that. So, It is hard to try to get an average in there. I think what we have been able to see is that the inventories at the retail level have started to trend down to maybe more historic levels. But then there is still some inventory higher inventories more or less in that wholesale channel area that need to be worked out. That is what kind of supports that. There is probably some destocking left for the next few months, but ultimately kind of working its way through the value chain.

Operator: We have no further questions and I will hand back to Chris for any closing comments.

Chris Manuel: Thanks, Nadia. That concludes our earnings conference call. Please note that our fourth quarter and year end call is currently scheduled for February 7th. And remember, make it a memorable moment by choosing safe, sustainable Glass. Thank you.

Operator: Thank you. This now concludes today’s call. Thank you for joining and you may now disconnect your lines.