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), a leading glass packaging supplier, will present its strategic initiatives during Investors Day at NYSE on March 14th, 2025. The presentation, titled 'The Power of Glass,' will outline a three-horizon value creation roadmap:
- Horizon 1 - Fit to Win: Targeting cost reduction of at least $650M by 2027 through enterprise-wide optimization
- Horizon 2 - Profitable Growth: Expanding in attractive categories through segmented strategy
- Horizon 3 - Strategic Optionality: Geographic expansion and balanced capital allocation
The company reaffirmed its 2025 guidance of $1.20-$1.50 adjusted earnings per share and $150-200M free cash flow. For 2027, O-I targets include adjusted EBITDA of $1.45B+, free cash flow >5% of sales, and economic spread of at least 2%.
O-I Glass (NYSE: OI), a leading global producer of glass bottles and jars, has announced its upcoming 2025 Investor Day scheduled for Friday, March 14, 2025, in New York City. The event, themed 'The Power of Glass,' will run from 8:30 a.m. to 11:30 a.m. ET.
The presentation will feature the company's global leadership team and include a Q&A session. While in-person attendance is invitation-only, a live video broadcast will be available online through Vimeo and the company's Investor Relations website.
O-I Glass, headquartered in Perrysburg, Ohio, operates 69 plants across 19 countries with approximately 21,000 employees. The company achieved revenues of $6.5 billion in 2024 and serves as a preferred partner for many leading food and beverage brands, focusing on sustainable rigid packaging solutions.
O-I Glass has announced plans to strengthen its operations in Germany by upgrading its Holzminden plant with state-of-the-art furnace technology. The modernization includes converting an existing furnace to a Gas-Oxy system and implementing on-site oxygen production. This technological upgrade is expected to reduce fuel consumption by up to 30 percent and decrease CO2 emissions by approximately 4,000 tons annually compared to current technology.
The initiative is part of O-I's broader strategy to become the most competitive glass maker in the industry while advancing its decarbonization goals. The company aims to make the Holzminden facility more lean, agile, and efficient, creating new value for its customers while supporting their decarbonization efforts.
O-I Glass (NYSE: OI) reported challenging full-year 2024 results with net sales declining 8% to $6.5 billion. The company posted a net loss of $0.69 per share, with adjusted earnings of $0.81 per share. Performance was impacted by lower average selling prices, reduced sales volumes, and higher operating costs due to inventory management.
Key financial metrics showed deterioration: earnings before income taxes fell to $38M from $67M, segment operating profit decreased to $748M from $1,193M, and free cash flow was negative $128M compared to positive $130M in 2023. Both Americas and Europe segments experienced profit declines due to lower pricing and sales volumes.
Looking ahead to 2025, O-I expects improved performance with adjusted EPS guidance of $1.20-$1.50, representing a 50-85% increase from 2024. The company anticipates free cash flow of $150-$200M, driven by cost savings from their Fit To Win initiative targeting $175-$200M in benefits.
O-I Glass (NYSE: OI) has announced its upcoming full year and fourth quarter 2024 earnings conference call and webcast, scheduled for Wednesday, February 5, 2025, at 8 a.m. EST. The company will release its earnings report after market close on Tuesday, February 4.
Earnings presentation materials will be available on the company's investor relations website. The webcast will be accessible through the company's website and will remain archived until February 2026.
O-I Glass has announced its participation in Citi's 2024 Basic Materials Conference on Wednesday, December 4, 2024. CEO Gordon Hardie and CFO John Haudrich will deliver a presentation at 8:45 a.m. ET. The presentation will be available via live webcast, with replay access provided within 24 hours and archived for 90 days. Presentation slides will be accessible on the company's investor relations website before the event.
O-I Glass reported a challenging third quarter 2024, with net sales declining to $1.7 billion, down $64 million from the prior year. The company reported a loss of $0.52 per share, compared to earnings of $0.32 per share in Q3 2023. Segment operating profit decreased to $144 million from $301 million year-over-year. Despite a 2% increase in sales volume, results were impacted by a 4% decrease in average selling prices and production curtailments to reduce inventory levels. The company revised its 2024 guidance, now expecting adjusted earnings per share between $0.70-$0.80, down from $1.00-$1.25, and forecasts a free cash flow use of $130-$170 million.
O-I Glass, Inc. (NYSE: OI) has announced its upcoming third quarter 2024 earnings conference call and webcast, scheduled for Wednesday, October 30, 2024, at 8 a.m. EDT. The company will release its third quarter 2024 earnings report after the market closes on Tuesday, October 29. Investors and interested parties can access the webcast at https://events.q4inc.com/attendee/641373143 or through the company's website at www.o-i.com/investors.
Earnings presentation materials will be available on the O-I website when the earnings news release is issued. The webcast will be archived on the company's website until October 2025, providing extended access to the information for stakeholders.
O-I Glass (NYSE: OI) has announced its participation in the UBS Global Materials Conference on September 4, 2024. CEO Gordon Hardie and CFO John Haudrich will present at 3:30 p.m. ET. A live webcast of the presentation will be available, with a replay accessible for 90 days following the conference. The company will also post presentation slides on its investor relations website prior to the event.
This announcement highlights O-I Glass's commitment to investor relations and transparency. Participation in such conferences allows the company to showcase its strategies, financial performance, and future outlook to a broader audience of investors and analysts, potentially impacting stock performance and market perception.
O-I Glass (NYSE: OI) reported its Q2 2024 financial results, showing a decline in performance compared to the previous year. Net sales decreased to $1.7 billion from $1.9 billion in Q2 2023, with a 4.5% decline in sales volume. Earnings before income taxes fell to $104 million from $154 million, while adjusted earnings per share dropped to $0.44 from $0.88.
The company has revised its full-year 2024 guidance, now expecting flat to slightly lower sales volume and adjusted EPS of $1.00 - $1.25. Free cash flow outlook has been reduced to $50 - $100 million. O-I's new CEO, Gordon Hardie, announced a new competitiveness program called 'Fit To Win' aimed at boosting performance over the next three years.
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