Welcome to our dedicated page for O-I Glass news (Ticker: OI), a resource for investors and traders seeking the latest updates and insights on O-I Glass stock.
O-I Glass Inc (NYSE: OI), the world's leading producer of sustainable glass packaging, maintains this dedicated news hub for investors and industry stakeholders. Access official press releases and curated updates covering strategic initiatives, environmental commitments, and operational developments across its global manufacturing network.
This resource provides essential insights into earnings announcements, production innovations, and partnership developments shaping the glass packaging sector. Users will find timely information on sustainability milestones, including energy-efficient manufacturing advancements and circular economy programs.
Regular updates include analysis of market trends affecting the food/beverage container industry, facility expansions, and technological improvements in glass production. Bookmark this page to stay informed about O-I Glass's position as a leader in combining industrial scale with eco-conscious manufacturing practices.
O-I Glass (NYSE: OI) reported strong Q2 2025 results with adjusted earnings of $0.53 per share, up 20% year-over-year, despite reporting a net loss of $0.03 per share due to restructuring charges. Net sales remained steady at $1.7 billion, with Americas showing 4% volume growth while Europe experienced a 9% decline.
The company has made a strategic decision to halt its MAGMA development program and recorded $108 million in restructuring charges. Following strong performance, O-I raised its full-year 2025 adjusted earnings guidance to $1.30-$1.55 per share, representing a 60-90% improvement over 2024. The company expects to generate free cash flow of $150-$200 million for 2025.
The Americas segment operating profit increased to $135 million from $106 million, while Europe's declined to $90 million from $127 million. Year-to-date Fit to Win benefits reached $145 million.
O-I Glass (NYSE:OI), a leading glass manufacturer, has achieved two major sustainability goals six years ahead of schedule. The company surpassed its 2030 targets by reaching 51% renewable electricity usage globally (exceeding 40% target) and reducing Scope 1 and 2 greenhouse gas emissions by 30% (surpassing 25% target) from 2017 baseline.
O-I has now set new Paris Agreement-aligned 2030 goals including: 47% reduction in GHG emissions, 80% renewable electricity usage, and 60% average use of recycled glass. The company also reported significant safety improvements, with a 48% decrease in Total Recordable Incident Rate since 2019.
O-I Glass (NYSE: OI) has announced its upcoming second quarter 2025 earnings conference call and webcast, scheduled for Wednesday, July 30, 2025, at 8:00 a.m. EDT. The company will release its Q2 2025 earnings report after market close on Tuesday, July 29, 2025.
Earnings presentation materials will be available on the company's investor relations website. The webcast will be accessible through the O-I website and will remain archived until July 2026.
O-I Glass (NYSE: OI) announced significant changes to its Board of Directors following its Annual Meeting of Share Owners. Alan J. Murray, who served as a director since 2015, is retiring from the Board. The company elected 11 director nominees for one-year terms, including two new members: Eugenio Garza y Garza and Iain J. Mackay.
Garza y Garza previously served as CFO at Fomento Económico Mexicano (2018-2024), while Mackay was CFO and Executive Director at GlaxoSmithKline (2019-2023). Both bring extensive global business and financial reporting expertise to the Board. The remaining nine directors, including CEO Gordon Hardie, were re-elected to continue their service.
O-I Glass reported mixed first quarter 2025 results, with adjusted earnings of $0.40 per share compared to $0.45 in Q1 2024. While reported earnings showed a loss of $0.10 per share, the company achieved significant progress in its 'Fit to Win' strategy, delivering $61 million in benefits.
Key highlights:
- Net sales remained stable at $1.6 billion with 4.4% volume growth
- Americas segment profit rose to $141 million from $102 million
- Europe segment profit declined to $68 million from $133 million
- Company reaffirmed 2025 guidance: adjusted EPS of $1.20-$1.50
Despite restructuring charges of $80 million, O-I Glass maintains its 2025 outlook, targeting $250 million in savings for 2025 and $650 million by 2027. The company expects significant free cash flow improvement to $150-$200 million in 2025, up from -$128 million in 2024.
O-I Glass has announced a strategic transformation initiative called 'Fit to Win' in France, responding to significant market challenges including a wine market slowdown, overcapacity, and strong competition. The company has initiated consultation with employee representatives regarding potential operational adjustments at multiple plants:
- Possible operational changes at Gironcourt, Puy-Guillaume, and Reims plants
- Potential shutdown of one furnace at Vayres plant
- Potential closure of Vergèze plant
- Possible resizing of administrative functions at French headquarters
These changes could result in a net impact of approximately 320 positions. The company plans a multi-million Euro investment in French plants as part of its 2025 capital plan, aiming to strengthen its position in France, which remains a strategic market.
O-I Glass (NYSE: OI) has announced its upcoming first quarter 2025 earnings conference call and webcast, scheduled for Wednesday, April 30, 2025, at 8 a.m. EDT. The company will release its Q1 2025 earnings report after market close on Tuesday, April 29.
Earnings presentation materials will be available on the company's investor relations website. The webcast will be accessible through the O-I website's Events and Presentations page and will remain archived until April 2026.
O-I Glass (NYSE: OI) has successfully completed a groundbreaking trial at its Harlow, UK plant, using 100% biofuel to replace natural gas in glass-making furnaces. The trial, part of the UK government's 'Net Zero Innovation Portfolio' program, demonstrated significant CO2 footprint reduction in amber bottle production through a combination of biofuel and advanced technologies.
The trial achieved success by implementing:
- Cullet pre-heating technology
- 88% cullet usage throughout the trial
- Oxy-fuel furnace operation
The company, which generated revenues of $6.5 billion in 2024, views this achievement as a potential scalable solution pending sufficient biofuel availability and feasible costs. The initiative, led in partnership with Glass Futures, represents O-I's commitment to decarbonizing glassmaking and advancing sustainable packaging solutions across its 69 plants in 19 countries.
O-I Glass (NYSE: OI) and Linde have announced a partnership to install Linde's proprietary OPTIMELT™ TCR technology at O-I's container glass plant in Holzminden, Germany. The technology is expected to significantly reduce fuel consumption and Scope 1 carbon dioxide emissions by recovering waste heat from glass furnace flue gas to preheat and reform natural gas feed, decreasing fuel consumption by approximately 30%.
The implementation includes the installation of an advanced Centrifugal VITRON® VPSA plant to produce oxygen for the furnace, incorporating Linde's latest technology to improve power efficiency and reduce environmental footprint. The OPTIMELT™ TCR technology is compatible with various fuels, including low-carbon hydrogen or hydrogen-natural gas blends.
O-I Glass, a global leader in glass packaging with 69 plants across 19 countries and approximately 21,000 employees, reported revenues of $6.5 billion in 2024.
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