PERRYSBURG, OH/ALLOA, UK, June 25, 2024 (GLOBE NEWSWIRE) -- - O-I Glass, Inc. ("O-I Glass" or "O-I") and GridBeyond plan to implement a groundbreaking battery storage solution at O-I's Alloa, UK facility. The innovative 8MW battery system and supporting energy management system (EMS) leverages artificial intelligence to significantly enhance energy efficiency, resilience and sustainability. By strategically charging and discharging the battery based on grid conditions, GridBeyond's AI-powered system helps t ...

O-I Glass, Inc. (OI) announced its plans to invest around $65 million in the electrification and decarbonization of its plant in Veauche, France. The move aligns with O-I Glass's sustainability efforts and its previously announced investment in plant renovations. The company intends to simultaneously implement a heat recovery system that will reduce carbon emissions in the plant. O-I Glass reported first-quarter 2024 earnings per share of 45 cents, which beat the Zacks Consensus Estimate of 36 cents. On a y ...

Forward-Looking Statements This press release contains "forward-looking" statements related to O-I Glass, Inc. ("O-I Glass" or the "company") within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements reflect the company's current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words "believe," "expect," "anticipate," "w ...

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 ...

O-I Glass (OI) has failed to impress investors as it has been witnessing a decline in volumes for the last eight consecutive quarters. This decline in volumes is mainly due to inventory destocking actions, weak consumer demand in a few markets and elevated macroeconomic pressure. Downward Revision Activity in Estimates: Reflecting these headwinds, the Zacks Consensus Estimate for the company's 2024 earnings has been revised 11% downward in the past 30 days. The consensus estimate for the year is currently p ...

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 ...

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 ...

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 ...