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 announced the sale of Cristar TableTop S.A.S. to Vidros Colombia S.A.S. for approximately $95 million. The deal is expected to close in the first half of 2022 and aligns with the company's strategy to optimize its portfolio by exiting non-core operations. Cristar generated about $14.6 million in EBITDA over the past year. Proceeds will help fund up to $680 million in growth opportunities by 2024. O-I also reaffirmed its fourth quarter 2021 adjusted earnings outlook of $0.30 to $0.35 per share.
O-I Glass, Inc. (NYSE: OI) will participate in The Citi’s 2021 Basic Materials Virtual Conference on November 30, 2021, at 8:45 a.m. ET. CEO Andres Lopez and CFO John Haudrich will present during the conference. A live webcast can be accessed via this link, with a replay available within 24 hours and archived for 90 days. Presentation slides will be posted on the company's website after market close on November 29.
O-I Glass, Inc. has fully allocated the net proceeds of EUR 500 million from its Green Bond, issued by its subsidiary OI European Group B.V. This funding focuses on enhancing sustainability through cullet procurement, investments in low-emission technologies, and projects aimed at reducing greenhouse gas emissions. Key achievements include saving 3.2 million metric tons of CO2 and conserving significant amounts of energy and natural resources. The firm aims to lead in sustainable packaging while enhancing environmental responsibility.
O-I Glass, Inc. has announced a private offering of $400 million in senior notes due 2030 by its wholly owned subsidiary, OI European Group B.V. The offering aims to redeem existing senior notes due 2023 and repay part of the term loan A facility. The offer is targeted at eligible institutional buyers under U.S. securities regulations. The notes will not be registered under the Securities Act and are subject to specific exemptions for sale. This move is intended to optimize the company's capital structure and support its financial stability.
O-I Glass, Inc. (NYSE: OI) reported robust third-quarter results, exceeding earnings expectations with $0.58 adjusted earnings per share, higher than the company’s guidance of $0.47-$0.52. Despite slightly lower shipments due to supply chain disruptions, segment operating profit rose to $243 million from $204 million year-over-year. The company announced a planned sale of its Le Parfait brand to a subsidiary of Berlin Packaging for approximately €72 million, which will enhance financial flexibility. The full-year outlook has been raised to $1.77-$1.82 per share.
O-I Glass, Inc. (NYSE: OI) has announced its third quarter 2021 conference call set for October 26, 2021, at 8 a.m. EDT. Earnings results will be disclosed following market close on October 25. Interested participants can join via conference call by dialing 1-888-733-1701 (U.S.) or +1 706-634-4943 (International). The event will also be accessible through the company’s webcast, which will be archived until October 2022.
O-I Glass is pursuing a comprehensive transformation strategy to enhance stakeholder value by capitalizing on market trends.
CEO Andres Lopez highlighted the significance of glass containers in sustainability and health, emphasizing the introduction of the MAGMA solution. This innovation aims to streamline glass production and expand capacity with lower capital investments.
The company plans to generate $50 million annually through margin expansion, invest up to $680 million for growth, and resolve legacy liabilities worth $610 million. Adjusted earnings are projected between $2.20 and $2.40 per share by 2024.
O-I Glass, Inc. (NYSE: OI) is set to host its 2021 Virtual Investor Day on September 28, 2021, from 8:30 a.m. ET to 12:00 p.m. ET. The event will feature discussions on the company's ongoing transformation, MAGMA, and future targets. Interested participants can register for the live event or access the replay via the company’s registration link. An archived version of the webcast will be available for one year on the company’s website.
O-I Glass, Inc. (NYSE: OI) reported strong second quarter 2021 financial results, exceeding expectations driven by robust demand and shipment levels rebounding to pre-pandemic highs. The company registered earnings of $0.73 per share, a significant recovery from a loss in the prior year, with sales volume up 18% year-over-year. Segment operating profit rose to $232 million. Cash provided by operations was $199 million, enabling a decrease in net debt to $4.5 billion. Looking ahead, O-I anticipates adjusted earnings of $1.65 to $1.75 per share for 2021.
O-I Glass, Inc. (NYSE: OI) has scheduled its second-quarter 2021 earnings conference call for August 4, 2021, at 8 a.m. EDT. The earnings release will be issued after market close on August 3, 2021. Investors can access the call via the company’s website, with materials posted at www.o-i.com/investors. O-I is a leading global producer of glass containers, boasting revenues of $6.1 billion in 2020, supported by a diverse workforce across 72 plants in 20 countries.
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