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) is a global glass container manufacturer headquartered in Perrysburg, Ohio, and a frequent issuer of detailed financial and strategic updates. This news page aggregates company announcements, earnings releases, conference participation notices, and operational updates related to OI stock.
Investors following O-I Glass news can expect regular coverage of quarterly and full-year financial results, including discussions of net sales, segment operating profit in the Americas and Europe, adjusted earnings, free cash flow, and the impact of restructuring and asset impairment charges. The company routinely explains how its principal business activity—glass container production—performs across regions, highlighting trends in shipment volumes, net price, and operating costs.
O-I’s news flow also features updates on its Fit to Win program and Best at Both operations strategy, which are central to its efforts to improve competitiveness and profitability. Releases describe cost savings, network optimization actions such as furnace suspensions or plant closures, and strategic decisions like halting further development of the MAGMA technology platform. These items provide insight into how management is reshaping the manufacturing footprint and cost structure.
In addition, O-I Glass announces participation in investor conferences hosted by financial institutions, where executives present the company’s strategy and performance. Governance developments, such as board retirements, new director elections, and director resignations disclosed in conjunction with corporate governance guidelines, also appear in the news stream.
By reviewing this page, readers can track how O-I Glass communicates its financial performance, strategic initiatives, and operational changes over time, all of which are relevant to understanding developments affecting OI stock and the company’s position within glass container manufacturing.
O-I Glass, Inc. (NYSE: OI) will participate in the BofA Securities 2021 Global Agriculture and Materials Conference on March 3, 2021. The presentation will take place at 11:00 a.m. ET, featuring CEO Andres Lopez and CFO John Haudrich. A live webcast can be accessed here. A replay will be available within 24 hours and archived for 90 days. O-I Glass specializes in producing glass bottles and jars, achieving revenues of $6.1 billion in 2020.
O-I Glass (NYSE: OI) provided a business update ahead of the R.W. Baird 2021 Sustainability Conference. Severe weather in the southern U.S. led to the temporary idling of eight facilities across Texas, Oklahoma, and Mexico due to curtailed access to natural gas and electricity. Consequently, the company anticipates lower shipment and production levels, alongside increased energy and transportation costs in Q1 2021. Despite this, global shipments have remained consistent year-over-year, and operating conditions remain favorable. The company expects adjusted earnings to fall below prior guidance of $0.32 to $0.37 per share.
O-I Glass (NYSE: OI) reported its 2020 financial results, highlighting significant impacts from the global pandemic. Despite challenges, the company experienced improved performance in the fourth quarter, with earnings exceeding guidance. Full-year earnings from continuing operations were $1.57 per share, a turnaround from a loss in 2019. Cash flows amounted to $457 million, up from $408 million. For 2021, O-I anticipates adjusted earnings of $1.55 to $1.75 per share and $615 million in operating cash flow, alongside a $150 million share repurchase program to enhance shareholder value.
O-I Glass, Inc. (NYSE: OI) has scheduled its full year and fourth quarter 2020 earnings conference call on February 10, 2021, at 8 a.m. EST. Earnings will be announced after market close on February 9, followed by a webcast available on the company's investor relations site. O-I Glass is a global leader in glass production, achieving revenues of $6.7 billion in 2019, with operations across 72 plants in 20 countries. Interested investors can participate in the call by dialing provided phone numbers before the event.
O-I Glass, Inc. (NYSE: OI) will participate in the Citi 2020 Basic Materials Virtual Conference on December 1, 2020, with a presentation by CEO Andres Lopez and CFO John Haudrich at 10:00 a.m. ET. A live webcast will be accessible via this link. The replay will be available within 36 hours and archived for one year. Presentation slides will be posted on the Company's website after the market closes on November 30, 2020.
O-I Glass has allocated EUR 255.6 million of its EUR 500 million Green Bond proceeds to fund sustainable projects, including investments in recycling glass (cullet). This initiative aims to reduce energy consumption and carbon emissions while promoting a circular economy. The company appointed its first Chief Sustainability Officer and is focused on improving the U.S. glass recycling system. O-I's sustainability goals align with the United Nations Sustainable Development Goals, aiming to cut emissions and conserve resources through innovative practices in glass production.
O-I Glass Reports Strong Q3 2020 Recovery
O-I Glass, Inc. reported a significant rebound in earnings for Q3 2020, achieving $2.06 per share from continuing operations compared to a loss of $3.69 per share in Q3 2019. This turnaround, driven by strong sales volumes and improved operational performance, was aided by a $280 million net gain from the divestiture of its Australia and New Zealand operations. Despite a 9.7% decline in production volume, the company generated $205 million in free cash flow and reduced total debt to $5.4 billion.
O-I Glass, Inc. (NYSE: O-I) has entered a strategic collaboration with Krones AG to enhance the glass packaging market. This partnership aims to innovate solutions focusing on glass filling efficiency, market responsiveness, and sustainable practices. CEO Andres Lopez emphasized that glass is a preferred packaging choice, ensuring product integrity and environmental benefits. The collaboration will leverage O-I's glass expertise and Krones' machinery developments to create integrated solutions for clients. With over 27,500 employees and revenues of $6.7 billion in 2019, O-I is committed to sustainable packaging solutions.
O-I Glass, Inc. (NYSE: OI) has scheduled its third-quarter 2020 conference call for Oct. 28, 2020, at 8 a.m. EDT. Earnings results will be released after market close on Oct. 27. Interested participants can access the conference call by dialing 1-888-733-1701 (U.S.) or 706-634-4943 (International) by 7:50 a.m. EDT. The event will include a webcast available on the O-I website. O-I Glass achieved revenues of $6.7 billion in 2019, making it a leader in the glass packaging industry with over 72 plants globally.
O-I Glass, Inc. (NYSE: OI) will participate in the Credit Suisse 33rd Annual Virtual Basic Materials Conference on September 16, 2020. CEO Andres Lopez and CFO John Haudrich are scheduled to present at 10:15 a.m. ET. A live webcast of their presentation will be available and can be accessed through the provided link. The replay will be accessible within 36 hours and archived for one year. Presentation slides will be uploaded on the company’s website after market close on September 15. O-I Glass, a leader in glass production, reported revenues of $6.7 billion in 2019.
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