---
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"
generated_at: "2026-06-03T05:06:05.433353+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# O-I Glass Q1 EPS falls 65% YoY; cuts full-year guidance on slower consumer recovery

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-054980
- JSON: https://secwatch.observer/filing/0001104659-24-054980.json
- Plain text: https://secwatch.observer/filing/0001104659-24-054980.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2024
  - Revenue: $1.6 billion
  - Net income: $0.45 per share (diluted)
  - EPS: $0.45 per share (diluted)
  - Guidance: lowered
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/812074/000110465924054980/0001104659-24-054980-index.htm

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