---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-011123"
form_type: "8-K"
ticker: "OI"
cik: "0000812074"
company_name: "O-I Glass, Inc. /DE/"
filed_at: "2024-02-06T23:59:59+00:00"
generated_at: "2026-06-06T08:47:26.520348+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# O-I Glass reports adjusted EPS $3.09 for FY2023, beats guidance; FY2024 outlook $2.25-$2.65

## Summary
- Full-year reported loss per share ($0.67) includes $445M goodwill impairment; adjusted EPS $3.09 (guidance ~$3.00, prior year $2.30).
- Revenue $7.1B, up 4% YoY; sales volume down 12% on destocking; segment operating profit $1,193M vs $960M.
- Q4 adjusted EPS $0.12 (guidance ~$0.03); segment operating profit $168M, down from $206M on Europe weakness.
- FY2024 guidance: adjusted EPS $2.25-$2.65, free cash flow $150-$200M; first MAGMA greenfield on track for mid-2024.
- Net debt $4.0B at year-end; capex $688M in 2023; expects low-to-mid single digit volume growth in 2024.

## SEC filing metadata
- accession: 0001104659-24-011123
- form_type: 8-K
- ticker: OI
- cik: 0000812074
- company_name: O-I Glass, Inc. /DE/
- filed_at: 2024-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/812074/000110465924011123/0001104659-24-011123-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812074/000110465924011123/tm245351d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-011123
- JSON: https://secwatch.observer/filing/0001104659-24-011123.json
- Plain text: https://secwatch.observer/filing/0001104659-24-011123.txt

## Key facts
- Earnings Releases
  O-I Glass, Inc. /DE/ reported year ended December 31, 2023 results: revenue $7.1 billion, net income ($0.67) per share (diluted), EPS ($0.67) per share (diluted).
  - Period: year ended December 31, 2023
  - Revenue: $7.1 billion
  - Net income: ($0.67) per share (diluted)
  - EPS: ($0.67) per share (diluted)
  - Result: reported results
  source text: are behind us and we anticipate stronger future earnings as both sales and production volumes recover to pre-pandemic levels over time,” concluded Lopez. Net sales were $7.1 billion in 2023, up approximately 4 percent compared to $6.9 billion in the prior year primarily due to higher average selling prices as well as favorable foreign currency translation.
  evidence_url: https://www.sec.gov/Archives/edgar/data/812074/000110465924011123/0001104659-24-011123-index.htm
- Earnings Releases
  O-I Glass, Inc. /DE/ reported fourth quarter ended December 31, 2023 results: revenue $1.6 billion, net income $439 million loss before income taxes, EPS ($3.05) per share (diluted).
  - Period: fourth quarter ended December 31, 2023
  - Revenue: $1.6 billion
  - Net income: $439 million loss before income taxes
  - EPS: ($3.05) per share (diluted)
  - Result: reported results
  source text: ($439) $29 Adjusted Earnings Earnings Per Share (Diluted) Segment Operating Profit $M 4Q23 4Q22 4Q23 4Q22 Non - GAAP $0.12 (Guidance: ~ $0.03) $0.38 $168 $206 Net sales were $1.6 billion in the fourth quarter of 2023 compared to $1.7 billion in the prior year period as the benefit from higher average selling prices and favorable foreign currency translation
  evidence_url: https://www.sec.gov/Archives/edgar/data/812074/000110465924011123/0001104659-24-011123-index.htm

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