PERRYSBURG, Ohio, July 30, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. ("O-I") (NYSE: OI) today reported financial results for the second quarter ended June 30, 2024. | --- | --- | --- | --- | --- | |------------|----------------------------|--------------------------------------------------|-----------|-------------------------------------| | | Per Share (Diluted) \n2Q24 | Net Earnings Attributable to the Company \n2Q23 | $M \n2Q24 | Earnings Before Income Taxes \n2Q23 | | Reported | $0. ...

Editor's note: Seeking Alpha is proud to welcome Maze Insights as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Monty Rakusen/DigitalVision via Getty Images O-I Glass (NYSE:OI) is a great value stock and will thrive once market demand recovers for a few key reasons. Firstly, management has focused on strategic portfolio o ...

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, ...

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" c ...

Monty Rakusen I updated my discounted cash flow [DCF] model from previous estimates. I now estimate revenues to decline -3.5% in 2024 compared to a 4% growth previously as the industry outlook is bad for now. Afterward, I now estimate the MAGMA project, and an industry recovery, to add to growth from 2025 to 2028 with a 3.2% CAGR from 2024 to 2028. I still cautiously estimate 1.5% growth due to O-I Glass' poor long-term growth. I again estimate the EBIT margin to reach 10.5%, this time by elevating instead ...

Delivering the next step towards long-term global sustainability targets Investment of approximately $150 million in the Alloa site over the next two years Perrysburg, Ohio, July 02, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. ("O-I Glass" or "O-I") plans a major transformation of its Alloa, UK manufacturing plant into an even more technologically advanced facility with an expected significant reduction in CO2 emissions. Over the next two years, the company plans to invest approximately $150 million in a serie ...

Delivering the next step towards long-term global sustainability targets Over the next two years, the company plans to invest approximately $150 million in a series of upgrades to the site. The transformation includes a rebuild of one of its existing furnaces, featuring state-of-the art technology and improved sustainability performance through several planned measures including gas-oxy combustion and increased levels of renewable energy and recycled glass. "Our vision is to be the most innovative, sustaina ...

Process innovations save more than 24,400 tons of glass and approximately13,120 tons of CO2 through lightweighting More than 100 energy reduction projects eliminated over 34,950 tons of CO2 emissions Climate strategy has driven a nearly 20 percent reduction in scope 1 & 2 emissions since 2017 base year PERRYSBURG, OHIO, June 27, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. ("O-I Glass" or "O-I") announced today the company has published its 2024 Sustainability Report Update, highlighting key progress toward its ...

PERRYSBURG, OHIO, June 27, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. ("O-I Glass" or "O-I") announced today the company has published its 2024 Sustainability Report Update, highlighting key progress toward its ambitious sustainability goals driven by innovation and transformation. The 2024 report details key O-I process innovations that have conserved more than 24,000 tons of glass and 13,000 tons of CO2 through collective lightweighting efforts. O-I reports more than 100 energy reduction projects have elimi ...

By strategically charging and discharging the battery based on grid conditions, GridBeyond's AI-powered system helps to stabilize the local electricity grid during peak periods, increases O-I's resilience against brownouts, and improves the grid's efficiency and sustainability. It allows charging during times of high renewable energy availability and discharging energy to the site at peak hours of demand. With this approach, O-I is projected to conserve up to 240 tons of CO2 emissions annually at the Alloa ...