O-I Glass Inc Stock Price, News & Analysis

Andrea Caceres, plant manager at O-I’s Lurin facility in Peru, has been recognized as a 2023 Women MAKE Honoree by the Manufacturing Institute. This award celebrates women in manufacturing who demonstrate exceptional leadership. Caceres is the first female plant manager in the Latin American region, leading efforts in safety, sustainability, and employee engagement. She has driven significant improvements in plant operations and has been actively involved in community education initiatives, including supporting local students during the pandemic. O-I Glass reported net sales of $6.9 billion in 2022, highlighting its position as a leading glass packaging producer.

O-I Glass, Inc. (NYSE: OI) will participate in the BofA Securities 2023 Global Agriculture and Materials Conference on March 2, 2023. Chief Financial Officer John Haudrich is scheduled to present at 10:10 a.m. ET.

A live webcast will be available at the BofA site, and a replay will be accessible within 24 hours for 90 days post-conference. Presentation slides will be posted on O-I's investor website before the event.

O-I Glass, based in Perrysburg, Ohio, reported net sales of $6.9 billion in 2022 and is a leading producer of glass packaging.

O-I Glass has taken significant steps towards sustainability, achieving notable accolades from various organizations. The company received a Gold rating from EcoVadis, placing it in the top 5% of assessed firms based on sustainability criteria. Sustainalytics recognized O-I as an ESG Regional Top-Rated performer for the second consecutive year, highlighting its effective management of ESG risks. Additionally, O-I was featured in Newsweek's list of America's Most Responsible Companies for 2023. CEO Andres Lopez emphasized the importance of these recognitions in reflecting O-I's commitment to sustainable practices and innovation in glass packaging.

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.