secwatch.observer — SEC 8-K summary
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Issuer:     O-I Glass, Inc. /DE/ (OI)
CIK:        0000812074
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001104659-23-112957
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812074/000110465923112957/0001104659-23-112957-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812074/000110465923112957/tm2329501d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-112957

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