---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-083994"
form_type: "8-K"
ticker: "OI"
cik: "0000812074"
company_name: "O-I Glass, Inc. /DE/"
filed_at: "2024-07-30T23:59:59+00:00"
generated_at: "2026-05-31T15:32:32.650666+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# O-I Glass reports Q2 EPS $0.36, down 48% YoY; cuts FY24 guidance; plans 6 furnace closures

## Summary
- Q2 reported EPS $0.36 (adjusted $0.44) vs $0.69 (adjusted $0.88) a year ago; net sales fell to $1.7B from $1.9B.
- Segment operating profit dropped to $233M from $326M; Americas $106M (down $20M), Europe $127M (down $73M).
- FY2024 guidance slashed: adjusted EPS $1.00-$1.25 (from $1.50-$2.00), free cash flow $50-$100M (from $100-$150M).
- New CEO Gordon Hardie launched 'Fit To Win' program; expects at least 6 indefinite/permanent furnace closures.
- Company sees volume flat to slightly down in FY24; inventory control actions concentrated in Q3.

## SEC filing metadata
- accession: 0001104659-24-083994
- form_type: 8-K
- ticker: OI
- cik: 0000812074
- company_name: O-I Glass, Inc. /DE/
- filed_at: 2024-07-30T23:59:59+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/812074/000110465924083994/0001104659-24-083994-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812074/000110465924083994/tm2420474d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-083994
- JSON: https://secwatch.observer/filing/0001104659-24-083994.json
- Plain text: https://secwatch.observer/filing/0001104659-24-083994.txt

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