O-I Glass (OI) shares soared 9.5% in the last trading session to close at $10.53. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.9% loss over the past four weeks.O-I Glass’ shares got a boost yesterday after U.S President Trump announced a 90-day pause on certain tariffs for most countries (except China). OI’s shares also gained since the company announced the launch of the "Fit to Win" initiative to improve its long-term com ...

Perrysburg, Ohio, April 08, 2025 (GLOBE NEWSWIRE) -- -- Over the past few years, the glass market in France has been considerably challenged, primarily due to a slow-down in the wine market. This slow-down, combined with overcapacity and strong competition, has prompted the company to consider additional actions to improve its long-term competitiveness. To face these challenges and adapt to an increasingly complex market, O-I has announced a strategic initiative, Fit to Win, aimed at ensuring the sustainabi ...

PERRYSBURG, Ohio, April 03, 2025 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE:OI) has scheduled its first quarter 2025 conference call and webcast for Wednesday, April 30, 2025, at 8 a.m. EDT. The Company's news release for the first quarter 2025 earnings will be issued after the market closes on Tuesday, April 29. What:         O-I Conference Call and WebcastEarnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued. When:         We ...

O-I Glass, Inc. (OI) announced that it reached a milestone by successfully testing 100% biofuel in its Harlow, UK-based plant. The trial replaced natural gas in the glass-making furnace. This move demonstrates O-I Glass' continuous innovation and ability to unlock sustainability opportunities. This achievement is part of a broader initiative led by Glass Futures, a U.K.-based glass R&D organization. This initiative was in collaboration with the U.K. government's Net Zero Innovation Portfolio program, which ...

Achieved significant reduction in greenhouse gas emissions using 100% biofuelSuccessfully demonstrated the technical viability of using biofuel at scaleTrial was part of the UK government's "Net Zero Innovation Portfolio" program  PERRYSBURG, Ohio /HARLOW, United Kingdom,, March 25, 2025 (GLOBE NEWSWIRE) -- -- O-I Glass, Inc. ("O-I Glass" or "O-I") has recently successfully completed a groundbreaking trial in its plant in Harlow, UK, using 100% biofuel to replace natural gas in the furnace for the glass-mak ...

Danbury, Connecticut/Perrysburg, Ohio, March 24, 2025 (GLOBE NEWSWIRE) -- O-I Glass, Inc. ("O-I Glass" or "O-I") and Linde today announced plans to install Linde's proprietary OPTIMELTTM Thermochemical Regenerator (TCR) technology at O-I's container glass plant in Holzminden, Germany. This collaboration is expected to significantly reduce both fuel consumption and fuel-based Scope 1 carbon dioxide emissions for O-I, a global leader in glass manufacturing. Linde offers a broad range of technologies, includi ...

PERRYSBURG, Ohio, March 13, 2025 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. (NYSE: OI), a leading supplier of glass packaging, plans to detail a series of strategic initiatives aimed at enhancing its market position and delivering long-term value to shareholders during its Investors Day presentation at the New York Stock Exchange (NYSE) on March 14th that will begin at 8:30 am. The Power of Glass The Investor Day presentation, titled "The Power of Glass," will feature insights from O-I Glass' ...

PERRYSBURG, Ohio, March 04, 2025 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: OI) today announced that it will host an Investor Day on Friday, March 14, 2025, in New York City. “The Power of Glass” event will feature presentations and a question-and-answer session with several members of the Company’s global leadership team. The event will begin at 8:30 a.m. ET and is expected to conclude around 11:30 a.m. ET. Due to a limited capacity, in-person attendance is by invitation only and advance registration is re ...

Employee and Workplace Safety - The Company has approximately 21,000 employees and operates 69 plants across 19 countries[53] - The Company has made significant expenditures on workplace safety improvements, which did not materially affect its results of operations or cash flows[52] - The Company continually monitors workplace safety and invests in projects to enhance employee safety, expecting continued improvement as a result[52] - The Company emphasizes a culture of respect and integrity, aiming to create an inclusive work environment to enhance overall performance[57] - The Company has implemented strategic investments to develop employees and improve retention and engagement through surveys and third-party consultations[58] - The Company does not anticipate any material work stoppages in the near term, considering its employee relations to be good[59] Financial Performance - Net sales for 2024 were $6,531 million, a decrease of 8% compared to $7,105 million in 2023[320] - Gross profit for 2024 was $1,045 million, down 30% from $1,496 million in 2023[320] - Net earnings attributable to the Company for 2024 were a loss of $106 million, compared to a loss of $103 million in 2023 and a profit of $584 million in 2022[320] - Basic and diluted earnings per share for 2024 were both $(0.69), compared to $(0.67) in 2023 and $3.76 in 2022[320] - Total assets decreased to $8,654 million in 2024 from $9,669 million in 2023, a decline of approximately 10.5%[326] - Total liabilities decreased to $7,449 million in 2024 from $7,925 million in 2023, a reduction of about 6%[328] - Total comprehensive loss for 2024 was $493 million, compared to a comprehensive income of $208 million in 2023[323] - Cash and cash equivalents decreased to $734 million in 2024 from $913 million in 2023, a decline of 19.6%[326] - Inventories decreased to $963 million in 2024 from $1,071 million in 2023, a reduction of approximately 10.1%[326] - The Company reported a foreign currency translation adjustment loss of $496 million in 2024, compared to a gain of $343 million in 2023[323] Debt and Cash Flow - The Company had approximately $5.0 billion and $4.9 billion of total debt outstanding as of December 31, 2024 and December 31, 2023, respectively[108] - Approximately 28% of the Company's total debt is subject to variable interest rates as of December 31, 2024[111] - The Company’s ability to generate cash flow is critical for servicing its debt and funding operations, with no assurance of sufficient future cash flow[111] - Cash provided by operating activities decreased to $489 million in 2024 from $818 million in 2023[333] - Total cash utilized in investing activities was $620 million in 2024, down from $683 million in 2023[333] - Additions to long-term debt in 2024 amounted to $1,102 million, compared to $1,332 million in 2023[333] Environmental and Regulatory Compliance - The Company has incurred costs for environmental compliance and expects these costs to increase in the future, potentially impacting financial condition and operations[126] - The Company had to comply with various environmental legal requirements that may have a material adverse effect on operations[125] - As of December 31, 2024, various U.S. states, Canadian provinces, and European countries have implemented or are considering recycling laws that may impose fees or require minimum recycled content, affecting packaging choices[129] - Increased scrutiny on environmental, social, and governance (ESG) matters may impose additional costs and risks on the Company[136] Supply Chain and Operational Risks - The Company relies on third parties for transportation, and disruptions in the transportation industry could increase costs and affect operations[90] - Supply chain disruptions have impacted the Company's capital expenditure plans, potentially affecting operating costs and project timelines[86] - The Company faces risks related to supply chain disruptions, competitive pricing pressures, and changes in consumer preferences[302] Technology and Innovation - The Company has implemented the MAGMA program to improve glass melting technology, with a focus on reducing capital requirements and emissions[81] - A greenfield facility utilizing the MAGMA technology was completed in Bowling Green, Kentucky, with production ramping up as of the end of 2024[82] - The Company has paused development on the final phase of the MAGMA program until commercialization activities at the Bowling Green plant are completed[84] - The Company is working on improving its glass melting technology, known as the MAGMA program, to enhance economic profit[303] Competition and Market Conditions - The Company is subject to intense competition from other glass container producers and alternative packaging forms, which could adversely affect its financial health[74] - Future financial performance may be affected by geopolitical factors, including the Ukraine-Russia conflict and other global tensions[302] Currency and Interest Rate Risks - The Company is exposed to risks associated with fluctuations in foreign currency exchange rates, which could adversely impact financial results[118] - The Company has defined a financial counterparty policy to manage credit risk associated with derivative instruments[289] - A potential change in fair value for financial instruments from a 10% change in foreign exchange rates would be approximately $137 million as of December 31, 2024[293] - A one percentage point change in interest rates would change the Company's annual net interest expense by $14 million as of December 31, 2024[296] - The Company has variable-interest rate borrowings exposed to fluctuations in foreign currencies, using derivatives to manage these exposures[388] Goodwill and Impairment - Goodwill totaled $1.32 billion as of December 31, 2024, representing approximately 15% of total assets, with a non-cash impairment charge of $445 million recorded in Q4 2023[98] - The company's goodwill balance was $1,321 million as of December 31, 2024, with no impairment indicated in the annual test[314] - Goodwill for the Americas segment was $521 million as of December 31, 2024, net of accumulated impairment losses of $1,040 million[381]

State-of-the-art furnace technology to reduce emissions and enhance efficiencyNext milestone in O-I's decarbonization strategy Building an even more competitive business in Germany creates new value for O-I customers PERRYSBURG, Ohio / HOLZMINDEN, Germany , Feb. 06, 2025 (GLOBE NEWSWIRE) -- - As part of its vision to reshape the company and become the most competitive glass maker in the industry, O-I Glass, Inc. ("O-I Glass" or "O-I") is further strengthening its business in Germany.  Determined to build an ...