secwatch.observer — SEC 8-K summary
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Issuer:     O-I Glass, Inc. /DE/ (OI)
CIK:        0000812074
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001104659-23-049648
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

O-I Glass Q1 adj EPS $1.29 beats $0.80-0.85 guidance; raises FY outlook to $3.05-3.25
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- Q1 adj EPS $1.29 beats guidance of $0.80-0.85; reported EPS $1.29; revenue $1.8B ($1.7B YoY).
- Segment operating profit $398M vs $231M YoY; Americas $176M, Europe $222M.
- Sales volume down 8% (tons); Americas -5%, Europe -12% due to tough comps, Peru unrest, France strikes.
- FY adj EPS guidance raised to $3.05-3.25 from ≥$2.50; aFCF ≥$475M; capex ~$700-725M.
- Q2 adj EPS guidance $0.80-0.85; prior year $0.73; volume down modestly.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812074/000110465923049648/0001104659-23-049648-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812074/000110465923049648/tm2313683d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-049648

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer