PERRYSBURG, Ohio , Oct. 02, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: OI) has scheduled its third quarter 2024 conference call and webcast for Wednesday, October 30, 2024, at 8 a.m. EDT. The Company's news release for the third quarter 2024 earnings will be issued after the market closes on Tuesday, October 29. What: O-I Conference Call and Webcast Earnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued. When: Wednesday, O ...

It has been about a month since the last earnings report for O-I Glass (OI) . Shares have lost about 3.7% in that time frame, underperforming the S&P 500. Will the recent negative trend continue leading up to its next earnings release, or is O-I Glass due for a breakout? 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 Tops Q2 Earnings Estimates, Lowers '24 ...

O-I Glass, Inc. (OI) reported second-quarter 2024 adjusted earnings per share (EPS) of 44 cents, which beat the Zacks Consensus Estimate of 42 cents. On a year-over-year basis, earnings fell 50%, reflecting lower demand. Including one-time items, O-I Glass reported an EPS of 36 cents for the quarter compared with 69 cents in the prior-year quarter. Operational Update Revenues were $1.73 billion for the quarter under review, down 8.5% from the year-ago quarter mainly due to lower average selling prices, unfa ...

ADVANCING NEW CEO PRIORITIES AS MARKETS GRADUALLY IMPROVE • Increase focus on installing MAGMA Gen 1 to heritage furnaces at end of life where applicable – Accelerate generating economic profit – Add on/off flexibility and efficiency to heritage network • Gen 2 optimization at Bowling Green • Gen 3 consideration as part of Horizon 3 priorities As part of our journey toward zero injuries, we are committed to a 50% improvement of our Total Recordable Incident Rate (TRIR) by 2030. (1) An economic profit (EP) m ...

Over the last four quarters, the company has surpassed consensus EPS estimates four times. O-I Glass shares have lost about 30.1% since the beginning of the year versus the S&P 500's gain of 14.5%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research sho ...

For more information, contact: Chris Manuel Vice President of Investor Relations 567-336-2600 Chris.Manuel@o-i.com "It is a privilege to be O-I's new CEO. I have spent my career serving the food and beverage industries across the world. I have always appreciated the role of glass packaging in food safety and brand building. O-I does more than make glass. We help our customers create millions of moments of enjoyment for countless consumers every day. Having served on O-I's Board of Directors since 2015 and n ...

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. ...

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 ...