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O-I Glass Inc - OI STOCK NEWS

Welcome to our dedicated news page for O-I Glass (Ticker: OI), a resource for investors and traders seeking the latest updates and insights on O-I Glass.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect O-I Glass's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of O-I Glass's position in the market.

News
O-I Expanding Glass Recycling Ecosystems Through Glass4Good
Rhea-AI Summary
O-I Glass is focused on promoting glass recycling to create new glass containers, emphasizing its sustainability benefits. The company aims to expand glass recycling programs to all communities where it operates, with a successful initiative called Glass4Good. Recycled glass is highlighted for its 100% recyclability, ability to be melted repeatedly without quality loss, and versatility in creating new containers with varying recycled content levels. This approach aligns with consumer and customer demands for increased recycled content, leading to a more sustainable manufacturing process with reduced energy consumption and emissions.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.47%
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none
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News
RECORD INVESTMENT FOR O-I GLASS IN FRANCE: €95 MILLION TO UPGRADE PLANTS IN GIRONCOURT AND REIMS
Rhea-AI Summary
O-I Glass, Inc (NYSE: OI) is investing €95 million into its French glass packaging production facilities in Gironcourt-sur-Vraine and Reims to enhance sustainability, flexibility, and productivity. The investments align with O-I's ESG roadmap and capital spending plan, focusing on modernization and innovation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.46%
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none
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News
O-I Advances Sustainability of its Operations in Veauche, France
Rhea-AI Summary
O-I Glass, Inc. expands its sustainability efforts by installing a waste heat recovery system at its Veauche, France plant, aiming to supply up to 94% of the plant's heating needs. The project is supported by transformational funds from ADEME and technical expertise from ENGIE Solutions, aligning with O-I's goal to reduce total energy consumption by 9% globally.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.51%
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none
News
O-I ADVANCES LIGHTER WEIGHT, LOWER CARBON WINE BOTTLE IN FRANCE
Rhea-AI Summary
Estampe, by O-I, introduces new sustainable glass packaging solutions for the beauty and personal care industry, aiming to reduce environmental impact and meet growing consumer demand for eco-friendly products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
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none
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News
O-I Glass Reports Full Year and Fourth Quarter 2023 Results
Rhea-AI Summary
O-I Glass, Inc. reported strong financial results for 2023, with net sales of $7.1 billion, a 4% increase from the previous year. The company also achieved adjusted earnings of $3.09 per share, exceeding expectations. However, the company reported a loss attributable to the company of $0.67 per share, mainly due to a $445 million charge for impairment of goodwill in the company’s North America reporting unit. The company's segment operating profit in the Americas and Europe showed mixed results. O-I expects 2024 adjusted earnings of $2.25 to $2.65 per share, down from 2023. The company also anticipates 2024 free cash flow to approximate $150 million to $200 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
14.06%
Tags
earnings
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News
O-I GLASS ANNOUNCES FULL YEAR AND FOURTH QUARTER 2023 EARNINGS CONFERENCE CALL AND WEBCAST
Rhea-AI Summary
O-I Glass, Inc. (NYSE: OI) has scheduled its full year and fourth quarter 2023 conference call and webcast for Wednesday, February 7, 2024, at 8 a.m. EST. The Company’s news release for the full year and fourth quarter 2023 earnings will be issued after the market closes on Tuesday, February 6.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.72%
Tags
earnings
News
O-I Glass is "Driving" Sustainability by Leveraging Biofuels
Rhea-AI Summary
O-I Glass, Inc. (OI) is utilizing biofuels to power trucks delivering champagne bottles in Reims, France, resulting in significant CO2 and fine particle emissions savings. The company aims to transition all champagne bottle deliveries to this system within the next three years, showcasing its commitment to sustainable development and the circular economy.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.85%
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none
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News
O-I Announces New Partnerships To Increase Post Consumer Glass Recycling in Brazil
Rhea-AI Summary
Owens-Illinois, Inc. (OI) announces partnerships in Brazil to increase post-consumer glass recycling and reduce consumer waste
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.07%
Tags
partnership
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News
O-I Glass to Present at Citi’s 2023 Basic Materials Conference
Rhea-AI Summary
O-I Glass, Inc. (NYSE: OI) to participate in Citi’s 2023 Basic Materials Conference on November 29, 2023. CEO Andres Lopez and CFO John Haudrich to present at 10:15 a.m. ET. Live webcast and presentation slides available on the Company’s website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.68%
Tags
conferences
News
O-I Glass Presents Its 'Cento per Cento Sicilia' Bottles: Circular Economy Applied to Glass Production in Sicily
Rhea-AI Summary
O-I Glass (OI) announces the launch of 'Cento per Cento Sicilia' bottles, promoting a sustainable solution to enhance the value of glass in the historic wine production area of Marsala, Sicily. The project aims to support a low-waste circular economy and contribute to the region's GDP, which sees one billion from the production of Sicilian wines. With more than 7000 winemakers and 500 bottlers operating annually, the initiative will lead a portion of the glass bottles production to follow a sustainable path, aligning with O-I's 2021 announcement to enhance the Sicilian wine market with locally sourced, sustainable glass containers.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.62%
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none
Stock OI logo
O-I Glass Inc

NYSE:OI

OI Rankings

#1758 Ranked by Market Cap
#2419 Ranked by Stock Gains
N/A Ranked by Dividends

OI Stock Data

2.38B
151.21M
1.33%
98.21%
2.8%
Glass Container Manufacturing
Manufacturing
Link
United States
Perrysburg

About OI

owens-illinois, inc. (nyse: oi) is the world's largest glass container manufacturer and preferred partner for many of the world's leading food and beverage brands. the company had revenues of $6.8 billion in 2014. following the acquisition of vitro's food and beverage business, the company now employs approximately 27,000 people at 81 plants in 23 countries. with global headquarters in perrysburg, ohio, usa, o-i delivers safe, sustainable, pure, iconic, brand-building glass packaging to a growing global marketplace. for more information visit o-i.com. o-i’s glass is life™ movement promotes the widespread benefits of glass packaging in key markets around the globe. learn more about the reasons to choose glass and join the movement at glassislife.com