---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-23-112957"
form_type: "8-K"
ticker: "OI"
cik: "0000812074"
company_name: "O-I Glass, Inc. /DE/"
filed_at: "2023-10-31T23:59:59+00:00"
generated_at: "2026-06-09T05:14:00.654597+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# O-I Glass beats Q3 adj. EPS but slashes FY guidance; volume down 15%

## Summary
- Q3 adj. EPS $0.80 beats guidance ($0.68-$0.73) and prior year $0.63; reported EPS $0.32 vs $1.45.
- Revenue $1.74B (+3% YoY); sales volume -15% on destocking; segment profit $301M (+13%).
- Americas segment profit $116M (down from $130M); Europe $185M (up from $136M).
- FY23 adj. EPS guidance cut to ~$3.00 from $3.10-$3.25; Q4 guided $0.03 vs prior $0.25-$0.35.
- FCF guidance slashed to $100-150M from $400-450M; higher curtailment costs and inventory destocking cited.

## SEC filing metadata
- accession: 0001104659-23-112957
- form_type: 8-K
- ticker: OI
- cik: 0000812074
- company_name: O-I Glass, Inc. /DE/
- filed_at: 2023-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/812074/000110465923112957/0001104659-23-112957-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812074/000110465923112957/tm2329501d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-23-112957
- JSON: https://secwatch.observer/filing/0001104659-23-112957.json
- Plain text: https://secwatch.observer/filing/0001104659-23-112957.txt

## Key facts
- Earnings Releases
  O-I Glass, Inc. /DE/ reported 2023 results: EPS ~$3.00. Guidance raised.
  - Period: 2023
  - EPS: ~$3.00
  - Guidance: raised
  - Result: guidance update
  source text: Year-to-date adjusted earnings have already exceeded full year 2022 and the company expects 2023 adjusted earnings will approximate $3.00 per share.
  evidence_url: https://www.sec.gov/Archives/edgar/data/812074/000110465923112957/0001104659-23-112957-index.htm
- Earnings Releases
  O-I Glass, Inc. /DE/ reported the third quarter ended September 30, 2023 results: revenue $1.74 billion, net income $0.32 per share (diluted), EPS $0.32. Guidance raised.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $1.74 billion
  - Net income: $0.32 per share (diluted)
  - EPS: $0.32
  - Guidance: raised
  - Result: reported results
  source text: believe will occur in 2024. This focus aligns with our ongoing efforts to transform the company and create shareholder value,” concluded Lopez. Third Quarter 2023 Net sales were $1.74 billion in the third quarter of 2023, up 3 percent compared to $1.69 billion in the prior year period primarily due to higher average selling prices as well as favorable foreign currency
  evidence_url: https://www.sec.gov/Archives/edgar/data/812074/000110465923112957/0001104659-23-112957-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.