Highest-materiality recent filing
O-I Glass Q1 adjusted EPS $0.05, down from $0.40; cuts FY 2026 guidance to $1.00-$1.50
Net sales of $1.54B, down slightly from $1.567B; reported net loss of $0.48/share.
Maintains full-year 2026 adjusted EPS guidance but Q1 now expected below prior 12-16% range due to recent headwinds.
O-I Glass posts FY2025 adjusted EPS $1.60, up 98%; raises Fit To Win target to $750M
FY 2025 adjusted EPS $1.60, up from $0.81; GAAP loss $0.84 per share vs $0.69 loss.
O-I Glass Q3 adjusted EPS $0.48, revenue $1.7B flat; raises FY2025 guidance to $1.55-1.65
Reported EPS $0.19 vs loss of $0.52; adjusted EPS $0.48 vs loss of $0.04.
O-I Glass enters $2.7B amended credit facility; refinances prior debt
New $2.7B facility includes term loans A/B and revolving line; maturities 2030 (A/revolver) and 2032 (B).
O-I Glass Q2 adjusted EPS $0.53 (+20% YoY); raises FY25 guidance to $1.30-$1.55
Reported net loss of $0.03 diluted EPS vs $0.36 year ago; adjusted EPS rose to $0.53 from $0.44.
O-I Glass shareholders approve 9M share increase in incentive plan; all directors elected
Shareholders approved Fifth Amended and Restated 2017 Incentive Award Plan, adding 9M shares for total 33.6M available.
O-I Glass Q1 adjusted EPS $0.40, reports $80M restructuring loss; reaffirms FY25 guidance
Q1 adjusted EPS $0.40 vs $0.45 prior year; reported loss of $0.10 due to $80M restructuring charges.
O-I Glass to close European plant, record ~$50M charge; severance program adds ~$20M
Plant closure in European segment affecting ~170 employees; charge ~$50M in Q1 2025 for employee separation and other costs.
O-I Glass unveils strategic initiatives, raises Fit To Win savings target to $650M by 2027
Increased Fit To Win cost-savings target to at least $650 million by 2027.
O-I Glass FY 2024 adj EPS $0.81 beats guidance; 2025 outlook $1.20-$1.50
FY 2024 revenue $6.5B, down 8% YoY; segment operating profit $748M vs $1.193B in 2023.
O-I Glass to close two European furnaces; expects ~$72M Q4 charge for impairment and severance
Closure of two furnaces in European segment under Fit to Win initiative; ~100 employees impacted.
O-I Glass unveils preliminary 2027 targets and $300M Fit to Win savings goal
Fit to Win program targets ≥$300M savings by 2027; expects ~$175M in 2025.
O-I Glass reports Q3 loss of $0.52/share; cuts FY24 adjusted EPS guidance to $0.70-$0.80
Q3 net loss $0.52/share vs $0.32 profit YoY; adjusted loss $0.04 vs $0.80 adjusted EPS.
O-I Glass reports Q2 EPS $0.36, down 48% YoY; cuts FY24 guidance; plans 6 furnace closures
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.
O-I Glass subsidiary issues €500M 5.250% Senior Notes due 2029
€500M aggregate principal, 5.250% coupon, maturity 2029.
O-I Glass subsidiary tenders €323.4M of €500M 2.875% Notes due 2025
OIEG received tenders of €323.4M aggregate principal of 2.875% Senior Notes, ~64.7% of €500M outstanding.
OI Glass sub Owens-Brockway prices $300M 7.375% notes due 2032 to refinance 2025 debt
$300M aggregate principal of 7.375% senior notes due 2032 priced at par; net proceeds ~$297M.
O-I Glass subsidiary OBGC launches $300M senior notes offering due 2032 to refinance 2025 notes
Owens-Brockway Glass Container (OBGC) intends to offer $300M aggregate principal of senior notes due 2032 in a private placement.
John Humphrey appointed Independent Board Chair after John H. Walker retirement.
O-I Glass Q1 EPS falls 65% YoY; cuts full-year guidance on slower consumer recovery
Q1 reported EPS $0.45 (vs $1.29 prior year); revenue $1.6B, down 11% YoY on 12.5% lower volume.
Vitaliano Torno, who currently serves as the Company’s Senior Vice President, Global Business Operations, and President of O-I Europe, will become the Company’s Senior Vice President, Chief Transformation Officer and President of O-I Europe , effective August 1, 2024.
Max materiality 0.85 · Median 0.60 · Most common event other_material