OI Stock Recent News

PERRYSBURG, Ohio / HOLZMINDEN, Germany , Feb. 06, 2025 (GLOBE NEWSWIRE) -- - As part of its vision to reshape the company and become the most competitive glass maker in the industry, O-I Glass, Inc. (“O-I Glass” or “O-I”) is further strengthening its business in Germany.  Determined to build an even more competitive business, the company is positioning its Holzminden, Germany, plant for a strong future by undertaking efforts to make the facility leaner, more agile, and more efficient.  The upgrade will also include the installation of cutting-edge furnace technology that is expected to significantly enhance energy efficiency and reduce emissions. In combination with the also-planned on-site oxygen production, this comprehensive technology upgrade supports the conversion of an existing furnace to a Gas-Oxy system. The innovative setup is expected to reduce fuel consumption by up to 30 percent and lower CO2 emissions by approximately 4,000 tons annually compared with current te

O-I Glass, Inc. (NYSE:OI ) Q4 2024 Earnings Conference Call February 5, 2025 8:00 AM ET Company Participants Chris Manuel - VP of IR Gordon Hardie - CEO John Haudrich - CFO Conference Call Participants Ghansham Panjabi - Baird George Staphos - Bank of America Anthony Pettinari - Citi Joshua Spector - UBS Arun Viswanathan - RBC Gabe Hajde - Wells Fargo Nico Piccini - Truist Securities Operator Hello, and welcome to today's O-I Glass, Full Year, and Fourth Quarter 2024 Earnings Conference Call. My name is Bailey, and I will be the moderator for today.

OI Q4 results reflect the impacts of lower average selling prices and unfavorable foreign currency translation amid flat sales volume.

O-I Glass (OI) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to earnings of $0.12 per share a year ago.

PERRYSBURG, Ohio, Feb. 04, 2025 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE

O-I Glass (OI) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Despite recent stock declines, O-I Glass stock remains a strong buy due to its industry leadership, significant cash flows, and ongoing strategic investments. O-I Glass experienced revenue growth during the pandemic, benefiting from price hikes, but faced challenges in 2024 due to lower prices and reduced shipments. Management's ambitious plans include cost-cutting initiatives and significant investments in technology and sustainability, aiming to boost EBITDA to $1.45 billion by 2027.

PERRYSBURG, Ohio, Jan. 08, 2025 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: OI) has scheduled its full year and fourth quarter 2024 conference call and webcast for Wednesday, February 5, 2025, at 8 a.m. EST. The Company's news release for the full year and fourth quarter 2024 earnings will be issued after the market closes on Tuesday, February 4.

Amid weak demand in the Glass Products industry, APOG is navigating well and merits investor attention. However, OI is struggling, making it a stock to avoid.

Investors need to pay close attention to OI Glass (OI) stock based on the movements in the options market lately.