secwatch.observer — SEC 8-K summary
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Issuer:     O-I Glass, Inc. /DE/ (OI)
CIK:        0000812074
Form:       8-K
Filed at:   2024-10-29T23:59:59+00:00
Accession:  0001104659-24-112249
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

O-I Glass reports Q3 loss of $0.52/share; cuts FY24 adjusted EPS guidance to $0.70-$0.80
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- Q3 net loss $0.52/share vs $0.32 profit YoY; adjusted loss $0.04 vs $0.80 adjusted EPS.
- Net sales $1.7bn (-$64M YoY) as 2% volume gain offset by 4% price decline and FX.
- Segment operating profit $144M, down 52% from $301M; Americas $88M, Europe $56M.
- Full-year adjusted EPS guidance slashed to $0.70-$0.80 from $1.00-$1.25; FCF now use of $130-$170M.
- Announces Fit to Win program targeting $300M annual savings by 2027 with capacity closures.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812074/000110465924112249/0001104659-24-112249-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812074/000110465924112249/tm2427025d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-112249

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer