Highest-materiality recent filing
O-I Glass Q2 EPS loss $6.33; cuts 2026 EBITDA guidance to $1.0-1.1B
Reported net loss of $6.33/diluted share vs. ($0.03) a year ago; includes $873M goodwill impairment in Europe.
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.
O-I Glass appoints Gordon Hardie as CEO; Board Chair Walker retires, two new directors nominated
Gordon Hardie appointed President & CEO effective May 15, 2024 (or upon visa approval), succeeding retiring Andres Lopez.
O-I Glass CEO Andres Lopez to retire May 15, 2024; board searches for successor
CEO Andres Lopez retires effective May 15, 2024, after nearly 40 years with O-I.
O-I Glass reports adjusted EPS $3.09 for FY2023, beats guidance; FY2024 outlook $2.25-$2.65
Full-year reported loss per share ($0.67) includes $445M goodwill impairment; adjusted EPS $3.09 (guidance ~$3.00, prior year $2.30).
O-I Glass beats Q3 adj. EPS but slashes FY guidance; volume down 15%
Q3 adj. EPS $0.80 beats guidance ($0.68-$0.73) and prior year $0.63; reported EPS $0.32 vs $1.45.
O-I Glass to close Waco, TX plant; expects ~$60M charge in Q3 2023
Plant closure approved Sep 19, 2023; effective on or after Oct 16, 2023.
O-I Glass Q2 adjusted EPS $0.88 beats guidance; full-year outlook tightened to $3.10-$3.25
Adjusted EPS $0.88 vs guidance $0.80-$0.85 and prior year $0.73.
O-I Glass units issue $690M and €600M in senior notes due 2031 and 2028
Owens-Brockway Glass Container issued $690M of 7.250% Senior Notes due 2031.
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.
appointed Gordon J. Hardie as President and Chief Executive Officer of the Company, effective on the later of the conclusion of the Company’s annual meeting of stockholders to be held on May 15, 2024
Mr. Hardie will succeed Andres A. Lopez, who, as previously announced, is retiring at the 2024 Annual Meeting.
Andres Lopez notified the Board of Directors (the “Board”) of O-I Glass, Inc. (the “Company”) of his intention to retire from his role as President and Chief Executive Officer of the Company and that he will step down from the Board, each effective at the Company’s annual meeting of stockholders to be held on May 15, 2024.
Max materiality 0.85 · Median 0.60 · Most common event earnings