secwatch.observer — SEC 8-K summary
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Issuer:     O-I Glass, Inc. /DE/ (OI)
CIK:        0000812074
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0001104659-24-011123
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812074/000110465924011123/0001104659-24-011123-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812074/000110465924011123/tm245351d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-011123

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