O-I Glass Inc Stock Price, News & Analysis

O-I Glass reported strong financial results for 2022, exceeding guidance with earnings from continuing operations rising to $805 million and diluted EPS of $3.67. Adjusted earnings reached $2.30, surpassing expectations. Net sales increased to $6.9 billion, bolstered by higher average selling prices and a slight rise in sales volumes. Segment operating profits were $960 million, with the Americas and Europe showing positive trends despite challenges. The company also improved its capital structure and reduced net debt. For 2023, O-I anticipates continued performance improvement with projected adjusted EPS above $2.50.

O-I Glass, Inc. (OI) recently showcased its groundbreaking MAGMA technology, a modular glass production system aimed at modernizing glass manufacturing. A video released on January 26, 2023, provides insights into the operational capabilities of MAGMA and its first dedicated factory in Bowling Green, KY, expected to start in mid-2024. This innovative technology emphasizes sustainability by utilizing renewable energy and increasing recycled content while enhancing supply chain efficiency. O-I aims to set new standards in glass production, significantly reducing greenhouse gas emissions and operational costs.

O-I Glass, Inc. (NYSE: OI) has announced its full year and fourth quarter 2022 earnings conference call scheduled for February 1, 2023, at 8 a.m. EST. The earnings report will be released after market close on January 31. Interested shareholders and analysts can access the call via the company's investor relations page. O-I Glass, a leading producer of glass packaging, highlighted its commitment to sustainability and innovation in packaging.

O-I Glass, Inc. (NYSE: OI) will participate in Citi’s 2022 Basic Materials Conference on November 30, 2022. CEO Andres Lopez and CFO John Haudrich will present at 10:15 a.m. ET. A live webcast of the presentation can be accessed via this link. The replay will be available within 24 hours and archived for 90 days. Presentation slides will be posted on the company's investor website prior to the event. O-I Glass produces glass packaging and reported net sales of $6.4 billion in 2021.

O-I Glass, Inc. (NYSE: OI) has announced the appointment of Meena Dafesh as Vice President and Global Treasurer. In her new role, she will oversee the company’s global treasury function, which includes managing liquidity, capital market transactions, and foreign currency risks. Dafesh, previously with Carrier Global Corporation, brings extensive financial experience. John Haudrich, CFO of O-I, emphasized her expertise will be vital for the company to fulfill its vision of being a leader in sustainable glass packaging. O-I achieved revenues of $6.4 billion in 2021.

O-I Glass, Inc. (NYSE: OI) reported strong third quarter results for 2022, exceeding guidance with earnings of $1.45 per share, up from $0.48 in the same quarter last year. Net sales rose to $1.7 billion, aided by an increase in average selling prices. Segment operating profit improved to $266 million. Despite challenges, including higher operational costs and unfavorable foreign currency translations, the company raised its full-year adjusted earnings guidance to a range of $2.20 - $2.25 per share. Future outlook remains optimistic, reflecting a healthier balance sheet and ongoing margin expansion initiatives.

O-I Glass, Inc. (NYSE: OI) has announced its third quarter 2022 earnings conference call scheduled for November 2, 2022, at 8 a.m. EDT. The earnings release will be issued after market close on November 1. Investors can access the webcast via O-I's investor relations website. The conference call will provide insights into the company's financial performance for the quarter. O-I is a global leader in glass bottle and jar production, generating $6.4 billion in revenue in 2021, with a workforce of approximately 24,000 across 70 plants in 19 countries.

Nordson Corporation (NASDAQ: NDSN) announced that Anand Patel will succeed Ray Cushing as vice president of treasury and finance following Cushing's retirement at year-end. Anand Patel, formerly with O-I Glass, Inc. (NASDAQ: OI), has extensive experience in global treasury functions and capital market transactions. Joe Kelley, CFO, expressed confidence in Patel's ability to support Nordson’s growth trajectory. Ray Cushing oversaw significant revenue growth during his 42-year tenure, from $200 million to over $2.5 billion.

O-I Glass, Inc. (NYSE: OI) reported a robust business update for Q3 2022, indicating improved performance and an enhanced outlook. Key highlights include stronger net price realization, consistent shipment levels, and an expectation to exceed adjusted earnings guidance of $0.55 - $0.60 per share. The company raised its 2022 adjusted earnings forecast to $2.10 - $2.25 per share and Free Cash Flow outlook to at least $200 million. Following the resolution of legacy asbestos liabilities and the completion of a $1.5 billion portfolio optimization program, Moody's and S&P upgraded O-I’s credit rating, reflecting a healthier balance sheet.