OI Stock Recent News
OI LATEST HEADLINES
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.
O-I Glass (OI) reported earnings 30 days ago. What's next for the stock?
PERRYSBURG, Ohio, Nov. 26, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I Glass” or “O-I”) today announced the Company will participate in Citi's 2024 Basic Materials Conference on Wednesday, December 4, 2024.
OI expects adjusted EPS of 70-80 cents, down from the previously stated $1.00-$1.25.
O-I Glass' Q3 was weak, as the company had weak pricing and volumes declined in Europe. In addition, production capacity adjustments weighed towards weak profitability. The market weakness is expected to persist, as O-I Glass cut its 2024 outlook. The Fit to Win plan should improve O-I Glass' mid-term earnings profile, but the plan raises questions of the company's future.
O-I Glass, Inc. (NYSE:OI ) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Chris Manuel - IR Gordon Hardie - CEO John Haudrich - CFO Conference Call Participants Ghansham Panjabi - Baird Arun Viswanathan - RBC Capital Markets Richard Carlson - Wells Fargo Josh Spector - UBS Anthony Pettinari - Citi Nicco Piccini - Truist Securities Operator Hello and welcome to today's O-I Glass Third Quarter 2024 Earnings Conference Call. My name is Bailey and I will be your moderator for today.
O-I Glass (OI) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of $0.03. This compares to earnings of $0.80 per share a year ago.