Core Insights - O-I Glass has achieved its sustainability goals for renewable electricity and greenhouse gas emissions six years ahead of schedule, originally set for 2030 [1][2] - The company reached 51% renewable electricity usage globally, surpassing the 40% target, and reduced Scope 1 and 2 greenhouse gas emissions by 30%, exceeding the initial 25% reduction goal from the 2017 baseline [2][4] - O-I has announced enhanced sustainability goals for 2030, aligned with the Paris Agreement's 1.5°C pathway, reflecting its commitment to reducing environmental impact [3][4] Sustainability Achievements - The Total Recordable Incident Rate for O-I employees in 2024 was 1.48, marking a 48% decrease from 2019, indicating a focus on safety in building a sustainable business [4] - The company aims for a 47% reduction in greenhouse gas emissions and 80% use of renewable electricity by 2030, alongside a 60% average use of cullet (recycled glass) [7] Company Overview - O-I Glass, headquartered in Perrysburg, Ohio, is a leading producer of glass bottles and jars, achieving revenues of $6.5 billion in 2024 [6]

Company Overview - O-I Glass, Inc. is a leading producer of glass bottles and jars globally, emphasizing the sustainability and recyclability of glass as a packaging material [3] - The company is headquartered in Perrysburg, Ohio, and operates 69 plants across 19 countries, employing approximately 21,000 people [3] - O-I Glass achieved revenues of $6.5 billion in 2024, indicating a strong market presence [3] Upcoming Events - O-I Glass has scheduled its second quarter 2025 conference call and webcast for July 30, 2025, at 8 a.m. EDT [1][2] - The earnings news release for the second quarter 2025 will be issued after market close on July 29, 2025 [1] - Earnings presentation materials will be available on the O-I website at the time of the earnings release [1]

Company Participation - O-I Glass, Inc. will participate in Wells Fargo's 2025 Industrials and Materials Conference on June 11, 2025 [1] - The presentation will be led by Chief Financial Officer John Haudrich at 1:30 p.m. CT (2:30 p.m. ET) [1] Presentation Details - A live webcast of the presentation will be available on the company's website [1] - The replay of the presentation will be accessible within 24 hours and archived for 90 days [2] - Presentation slides will be posted on the company's investor relations website prior to the event [2] Company Overview - O-I Glass is a leading global producer of glass bottles and jars, emphasizing the sustainability of glass as a packaging material [3] - The company is headquartered in Perrysburg, Ohio, and employs approximately 21,000 people across 69 plants in 19 countries [3] - O-I Glass achieved revenues of $6.5 billion in 2024 [3]

Group 1 - O-I Glass, Inc. announced the retirement of Alan J. Murray from its Board of Directors after many years of service [1][2] - At the Annual Meeting, 11 director nominees were elected for one-year terms, including new members Eugenio Garza y Garza and Iain J. Mackay [1] - The company expressed gratitude for Mr. Murray's service and welcomed the new board members, highlighting their extensive global business and financial reporting expertise [2] Group 2 - O-I Glass is a leading producer of glass bottles and jars, emphasizing the sustainability and recyclability of glass as a packaging material [3] - The company achieved net sales of $6.5 billion in 2024 and operates approximately 69 plants in 19 countries with a diverse team of around 21,000 employees [3]

Core Viewpoint - O-I Glass, Inc. reported a strong performance in Q1 2025 despite a net loss, driven by the implementation of its 'Fit to Win' strategy, which is expected to enhance competitiveness and profitability [2][3][10]. Financial Performance - Net earnings attributable to the company were a loss of $0.10 per share in Q1 2025, compared to earnings of $0.45 per share in Q1 2024 [10]. - Adjusted earnings per share (EPS) were $0.40 in Q1 2025, down from $0.45 in the same period last year [10]. - Earnings before income taxes decreased to $18 million in Q1 2025 from $117 million in Q1 2024, primarily due to restructuring and asset impairment charges of $80 million related to the 'Fit to Win' initiative [5][10]. Sales and Shipments - Net sales for Q1 2025 were $1.6 billion, consistent with the prior year, with a 4.4% increase in sales volume offset by unfavorable foreign currency translation and lower average selling prices [4]. - Year-to-date shipments through April 2025 increased approximately 3%, although recent demand softened amid uncertainty regarding new tariff policies [4]. Segment Performance - Segment operating profit in the Americas rose to $141 million in Q1 2025 from $102 million in the prior year, benefiting from over 4% sales volume growth [8]. - In Europe, segment operating profit fell to $68 million from $133 million, despite nearly 4% sales volume growth, due to lower net prices and higher operating costs [8][9]. - Total segment operating profit for the company was $209 million in Q1 2025, down from $235 million in the same period of 2024 [6]. Future Outlook - The company reaffirmed its 2025 guidance, anticipating adjusted EPS to increase by 50% to 85% from 2024 levels, projecting adjusted EPS in the range of $1.20 to $1.50 [11][12]. - Free cash flow is expected to improve significantly to between $150 million and $200 million in 2025, compared to a cash use of $128 million in 2024 [12].