{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-054980","form_type":"8-K","ticker":"OI","cik":"0000812074","company_name":"O-I Glass, Inc. /DE/","filed_at":"2024-04-30T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.046635+00:00","generated_at":"2026-06-03T05:06:05.433353+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"O-I Glass Q1 EPS falls 65% YoY; cuts full-year guidance on slower consumer recovery","bullets":["Q1 reported EPS $0.45 (vs $1.29 prior year); revenue $1.6B, down 11% YoY on 12.5% lower volume.","Segment operating profit fell to $235M from $398M; Americas OP $102M, Europe OP $133M, both down ~42%.","Full-year adjusted EPS guidance cut to $1.50-$2.00 (from $2.25-$2.65); FCF guidance reduced to $100-$150M.","Management expects volume growth flat to up low-single digits for FY24, slower than prior low-to-mid single-digit outlook.","First MAGMA greenfield plant start-up expected in summer 2024; margin expansion benefits at least $175M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-054980","json":"https://secwatch.observer/filing/0001104659-24-054980.json","markdown":"https://secwatch.observer/filing/0001104659-24-054980.md","text":"https://secwatch.observer/filing/0001104659-24-054980.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/812074/000110465924054980/0001104659-24-054980-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/812074/000110465924054980/tm2413125d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T05:06:05.433353+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"ed65240aaac6f87f8a8f4697cf67a9929f7665f3","claim":"O-I Glass, Inc. /DE/ reported first quarter ended March 31, 2024 results: revenue $1.6 billion, net income $0.45 per share (diluted), EPS $0.45 per share (diluted). Guidance lowered.","evidence_excerpt":"we expect this new innovative technology will create a significant competitive advantage for our company well into the future,” said Andres Lopez, O-I Glass CEO. Net sales were $1.6 billion in the first quarter of 2024 compared to $1.8 billion in the prior year reflecting slightly lower average selling prices and a 12.5 percent decline in sales volume (in tons).","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/812074/000110465924054980/0001104659-24-054980-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$1.6 billion"},{"label":"Net income","value":"$0.45 per share (diluted)"},{"label":"EPS","value":"$0.45 per share (diluted)"},{"label":"Guidance","value":"lowered"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}