14-month data show treatment with setrusumab resulted in a large, sustained 67% reduction in annualized fracture rate and persistent median annualized fracture rate of 0.00 (p=0.0014) Treatment resulted in continued, substantial improvements in bone mineral density (BMD) with a mean increase from baseline of 22% (p<0.0001) and a mean improvement in Z-score of +1.25 (p<0.0001) NOVATO, Calif. and LONDON, June 11, 2024 (GLOBE NEWSWIRE) -- Ultragenyx Pharmaceutical Inc. (NASDAQ: RARE) and Mereo BioPharma Group ...

Core Viewpoint - O-I Glass (OI) has been experiencing a decline in volumes for eight consecutive quarters, primarily due to inventory destocking, weak consumer demand in certain markets, and elevated macroeconomic pressures [1][7]. Financial Performance - The Zacks Consensus Estimate for O-I Glass's 2024 earnings has been revised downward by 11% in the past 30 days, now projected at $1.67 per share, indicating a 46% year-over-year decline [2]. - O-I Glass reported first-quarter 2024 revenues of $1.59 billion, down 13% from the previous year, attributed to lower volumes and weak consumer demand [12]. - Earnings per share for the first quarter were 45 cents, marking a 65% decline from the year-ago quarter due to lower revenues and higher interest expenses [12]. Volume Trends - The decline in volumes began with a 0.1% dip in Q2 2022, worsening to a 17% drop in Q4 2023 and a 13% decline in Q1 2024 [3][12]. - The company anticipates a slight recovery in volumes for 2024, with sales volume guidance projected to be flat to up in the low-single digits [13]. Market Position - O-I Glass has a market capitalization of $1.85 billion and currently holds a Zacks Rank 5 (Strong Sell) [4]. - The company's shares have lost 43.9% over the past year, compared to a 38.7% decline in the industry [11]. Future Outlook - O-I Glass has increased production curtailment activities to reduce inventory and position itself for a potential market recovery in 2024 [13]. - Adjusted earnings are expected to be in the range of $1.50-$2.00 per share, down from a previous range of $2.25-$2.65 [8].

Transformative mobile equipment brings glass recycling solutions to untapped markets Movable on a truck bed, the modular system enables full-service, closed-loop recycling programs A single system can process up to 6,000 MT in a year "MOGRA builds on the long tradition of innovating the sustainable capabilities of glass packaging by enabling O-I to deploy full-service, closed-loop recycling programs with our customers and local communities, while generating furnace-ready cullet for producing glass packaging ...

Transformative mobile equipment brings glass recycling solutions to untapped markets Movable on a truck bed, the modular system enables full-service, closed-loop recycling programs A single system can process up to 6,000 MT in a year Perrysburg, Ohio, June 06, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. ("O-I Glass" or "O-I" has completed the development and testing of a transformative, low-cost mobile glass processing machine that is easily transported and deployed to clean and crush recycled glass to be used ...

A month has gone by since the last earnings report for O-I Glass (OI) . Shares have added about 0.2% in that time frame, underperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is O-I Glass due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts. O-I Glass Beats Q1 Earnings Estimates, Lowers '24 Outl ...

O-I Glass, Inc. (NYSE: OI) (the "Company"), announced today that OI European Group B.V. ("OIEG", "we," "us" and "our"), a private limited liability company incorporated under the laws of the Netherlands and an indirect wholly owned subsidiary of the Company, has announced the results of its previously announced tender offer (the "Offer") to purchase for cash any and all of OIEG's outstanding €500 million aggregate principal amount (approximately $539 million based on the March 29, 2024 (the last business da ...

PERRYSBURG, Ohio / SCHIEDAM, the Netherlands, May 24, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. (NYSE: OI) (the "Company"), announced today that OI European Group B.V. ("OIEG", "we," "us" and "our"), a private limited liability company incorporated under the laws of the Netherlands and an indirect wholly owned subsidiary of the Company, has announced the results of its previously announced tender offer (the "Offer") to purchase for cash any and all of OIEG's outstanding €500 million agg ...

Core Viewpoint - O-I Glass, Inc. announced a private offering of $300 million in senior notes by its subsidiary, Owens-Brockway Glass Container Inc., with the proceeds primarily aimed at redeeming existing senior notes due in 2025 [1][2]. Group 1: Offering Details - The offering consists of $300 million aggregate principal amount of 7.375% senior notes due 2032, priced at par [1]. - The net proceeds from the offering are expected to be approximately $297 million after deducting commissions [1]. - The offering is anticipated to close on May 30, 2024, subject to customary closing conditions [1]. Group 2: Use of Proceeds - OBGC plans to use the net proceeds from the offering to redeem all outstanding 6.375% Senior Notes due 2025 [2]. Group 3: Regulatory Information - The notes and guarantees are not registered under the U.S. Securities Act and are offered only to qualified institutional buyers and certain non-U.S. persons [3].

PERRYSBURG, Ohio, May 20, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. (the "Company") announced that Owens-Brockway Glass Container Inc. ("OBGC"), an indirect wholly owned subsidiary of the Company, priced a private offering (the "Offering") of $300 million aggregate principal amount of its 7.375% senior notes due 2032 (the "Notes") at par. The net proceeds to OBGC from the Offering are expected to be approximately $297 million, after deducting commissions but before offering expenses pay ...

Core Points - O-I Glass, Inc. announced that its subsidiary, Owens-Brockway Glass Container Inc. (OBGC), plans to offer $300 million in senior notes due 2032 in a private offering [1] - The proceeds from the offering will be used to redeem all outstanding 6.375% Senior Notes due 2025 [2] - The notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers and certain non-U.S. persons [3] Company Overview - O-I Glass, Inc. is a leading global producer of glass bottles and jars, with net sales of $7.1 billion in 2023 [5] - The company operates 68 plants in 19 countries and employs over 23,000 people [5]