O-I Glass (NYSE:OI) Azioni

O-I Glass

O-I Glass is the world's largest manufacturer of glass bottles; 70% of its revenue comes from outside the United States. O-I has a leading position in key markets such as Europe, North America, and Brazil. Beer is the primary end market for O-I's glass bottles, which are also used for wine, soda, spirits, condiments, and food. O-I is looking to maintain or expand its dominant positions in Europe, North America, and South America.

O-I Glass Inc

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Over the past few years, the glass market in France has been considerably challenged, primarily due to a slow-down in the wine market.&nbsp; This slow-down, combined with overcapacity and strong competition, has prompted the company to consider additional actions to improve its long-term competitiveness.
To face these challenges and adapt to an increasingly complex market, O-I has announced a strategic initiative, Fit to Win, aimed at ensuring the sustainability of its business in the long-term and improving the agility and flexibility of its operations to make glass more competitive and widely available.&nbsp;&nbsp;
As part of this initiative, the company has initiated an information and consultation process with its European and French employee representatives. The consultation focuses on possible operational adjustments at its plants in Gironcourt, Puy-Guillaume, and Reims, and the potential cessation of production of&nbsp;one furnace at its plant in Vayres, the potential closure of the Vergèze plant, and the potential resizing of administrative functions at its French headquarters.
The company is also considering a multi-million Euro investment in its French plants in line with its previously announced 2025 capital plan.&nbsp;The company expects these investments in its French plants will support the development of the use of glass and strengthen O-I's position as a major player and employer in France, which remains a strategic market for the company.
The actions under consideration could potentially result in a net impact of approximately 320 positions, accounting for vacant, created, and eliminated of positions. The company intends to carry out any such plan transparently and responsibly for any potentially impacted employees and in consultation with the various representative bodies and relevant authorities.&nbsp;

News

Global

O-I Announces Strategic "Fit To Win" Initiative To Improve Long-Term Competitiveness In France, Including Potential Plant Closures, Operational Adjustments, And Multi-Million Euro Investment To Support Glass Industry Development; The Actions Under Consideration Could Potentially Result In A Net Impact Of ~320 Positions

O-I Glass, Inc. ("O-I Glass" or "O-I") has recently successfully completed a groundbreaking trial in its plant in Harlow, UK, using 100% biofuel to replace natural gas in the furnace for the glass-making process. This achievement is part of a larger initiative led by Glass Futures, a UK-based glass R&amp;D organization, and part of the UK government's "Net Zero Innovation Portfolio" program, aimed at exploring sustainable fuel options for the industry in the UK.

O-I Glass Completes Groundbreaking Harlow Trial Using 100% Biofuel to Replace Natural Gas in Glass Furnace

Management

O-I Glass Says Plant Closure In Europe Impacts ~170 People

O-I Glass Finalized Plans For Closure Of A Plant In Its European Segment; Additional Capacity Closures And Other Restructuring Actions Are Expected In 2025; Expects $20M Charge For Restructuring In Q1 2025

RBC Capital analyst Arun Viswanathan reiterates O-I Glass (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) with a Outperform and maintains $16 price target.

Price Target

Reiteration

Analyst Ratings

RBC Capital Reiterates Outperform on O-I Glass, Maintains $16 Price Target

Key Points:
<ul>
<li>Intent: The company will outline how it intends to put the power of glass within reach of everyone, every day. This will be accomplished through implementation of the company's three horizon value creation roadmap.</li>
<li>Horizon 1 – Fit to Win: By taking an economic profit mindset, O-I will radically reduce total enterprise costs as well as optimize its entire network and value chain to improve its competitive position. The company has increased its Fit To Win target to generate savings of at least $650 million by 2027. To further improve its competitive position, O-I will incorporate a unique model to be both the lowest cost producer in mainstream categories and best cost producer in premium.&nbsp;&nbsp;</li>
<li>Horizon 2 – Profitable Growth: Leveraging a more competitive position, O-I will drive future profitable growth with winning customers. The company will put glass in more hands through a segmented strategy to expand in attractive categories and capitalize on its valuable relationships with customers around the world.</li>
<li>Horizon 3 – Strategic Optionality: O-I will further grow the business through geographic expansion including potential future corporate development actions as it takes a balanced approach to capital allocation including consistently returning capital to shareholders.</li>
<li>Financial Overview and Outlook: The company is reaffirming its previously announced 2025 guidance of Adjusted Earnings1 in the range of $1.20 to $1.50 per share and Free Cash Flow2 between $150 and $200 million. Reflecting the expected benefits from its Fit To Win initiatives, O-I is also reaffirming its 2027 financial targets, including Adjusted EBITDA1 of at least $1.45 billion, Free Cash Flow2 of greater than 5% of sales and Economic Spread1 of at least 2%. Additionally, the company is introducing preliminary 2029 objectives that include longer-term benefits from its expected Profitable Growth and Strategic Optionality efforts.</li>
</ul>

Guidance

O-I Glass Reaffirms FY25 EPS Guidance Of $1.20-$1.50;  Plans To Detail A Series Of Strategic Initiatives Aimed At Enhancing Its Market Position And Delivering Long-Term Value To Shareholders During Its Investors Day Presentation At The NYSE March 14th At 8:30 a.m. ET

O-I Glass Plans Installation Of Furnace Technology In Holzminden, Germany That Is Expected To Enhance Energy Efficiency And Reduce Emissions

WIIM

O-I Glass shares are trading higher after the company reported Q4 financial results and beat its adjusted EPS estimate.

O-I Glass (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) announced its Q4 earnings on Tuesday, February 4, 2025 at 04:20 PM.
Here's a breakdown of the earnings report.
<h3>Earnings</h3>
O-I Glass beat estimated earnings by 38.0%, reporting an EPS of $-0.05 versus an estimate of $-0.08.
Revenue was down $112.00 million from the same period last year.
<h3>Performance in Previous Earnings</h3>
The company missed on EPS by $0.08 in the last quarter, resulting in a 7.000000000000001% drop share price change the following day.
Here's a look at O-I Glass's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.04</td>
<td>0.44</td>
<td>0.39</td>
<td>0.03</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.04</td>
<td>0.44</td>
<td>0.45</td>
<td>0.12</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>1.76B</td>
<td>1.79B</td>
<td>1.70B</td>
<td>1.63B</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>1.68B</td>
<td>1.73B</td>
<td>1.59B</td>
<td>1.64B</td>
</tr>
</tbody>
</table>

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Guidance</h3>
O-I Glass management provided guidance for FY 2025, expecting earnings between $1.2 and $1.5 per share.
To track all earnings releases for O-I Glass <a href="https://www.benzinga.com/quote/OI/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings

Earnings Summary: O-I Glass Q4

O-I Glass (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) reported quarterly losses of $(0.05) per share which beat the analyst consensus estimate of $(0.07) by 28.57 percent. This is a 141.67 percent decrease over earnings of $0.12 per share from the same period last year. The company reported quarterly sales of $1.529 which missed the analyst consensus estimate of $1.595 billion by 100.00 percent. This is a 100.00 percent decrease over sales of $1.641 billion the same period last year.

Earnings Beats

Earnings Misses

O-I Glass Q4 2024 Adj. EPS $(0.05) Beats $(0.07) Estimate, Sales $1.529 Miss $1.595B Estimate

<a href="https://www.sec.gov/Archives/edgar/data/1464790/000201238325000621/xslSCHEDULE_13G_X01/primary_doc.xml" title="https://www.sec.gov/Archives/edgar/data/1464790/000201238325000621/xslSCHEDULE_13G_X01/primary_doc.xml">https://www.sec.gov/Archives/edgar/data/1464790/000201238325000621/xslSCHEDULE_13G_X01/primary_doc.xml</a>

O-I Glass Sees FY25 Adj. EPS $1.20-$1.50 Vs $1.47 Est.

O-I Glass (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) reported quarterly losses of $(0.05) per share which beat the analyst consensus estimate of $(0.07) by 28.57 percent. This is a 141.67 percent decrease over earnings of $0.12 per share from the same period last year.

O-I Glass Q4 2024 Adj. EPS $(0.05) Beats $(0.07) Estimate

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Earnings Scheduled For February 4, 2025

Citigroup analyst Anthony Pettinari maintains O-I Glass (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) with a Neutral and lowers the price target from $12 to $11.

Citigroup Maintains Neutral on O-I Glass, Lowers Price Target to $11

B of A Securities analyst George Staphos maintains O-I Glass (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) with a Buy and raises the price target from $14 to $15.

B of A Securities Maintains Buy on O-I Glass, Raises Price Target to $15

Wells Fargo analyst Gabe Hajde maintains O-I Glass (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) with a Overweight and lowers the price target from $18 to $16.

Wells Fargo Maintains Overweight on O-I Glass, Lowers Price Target to $16

These closures are part of the Company's Fit to Win initiative to reduce redundant capacity and begin to optimize its network. Additional furnace closures and other restructuring actions are expected in the fourth quarter of 2024 and 2025.
Current customers of the plants impacted by the furnace closure will be served by other European plants in the Company's network. Subject to finalization of certain estimates, the Company expects to record charges associated with these closures of approximately $72 million in the fourth quarter of 2024.&nbsp;&nbsp;
Major components of the charges include approximately $40 million for impairment of plant-related assets, such as the closed furnaces and related machinery, and $32 million for one-time employee separation benefits and other costs related to the closing (of which approximately $24 million relate to future cash expenditures). &nbsp;

O-I Glass Finalizes Its Plans For  Closure Of Two Furnaces In Its European Segment; Approximately 100 People To Be Impacted - Filing

RBC Capital analyst Arun Viswanathan maintains O-I Glass (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) with a Outperform and lowers the price target from $18 to $16.

RBC Capital Maintains Outperform on O-I Glass, Lowers Price Target to $16

Barclays analyst Michael Leithead maintains O-I Glass (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) with a Equal-Weight and lowers the price target from $14 to $13.

Barclays Maintains Equal-Weight on O-I Glass, Lowers Price Target to $13

U.S. stock futures were mixed this morning, with the Dow futures falling around 50 points on Wednesday.
Shares of O-I Glass, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OI#NYSE">OI</a>) fell sharply in today's pre-market trading after the company reported worse-than-expected third-quarter financial results and issued FY24 adjusted EPS <a href="https://www.benzinga.com/quote/OI/analyst-ratings">guidance below estimates</a>.
O-I Glass reported quarterly losses of 4 cents per share which missed the analyst consensus estimate of 4 cents per share. The company reported quarterly sales of $1.700 which missed the analyst consensus estimate of $1.761 billion.
O-I Glass shares dipped 18.4% to $10.15 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
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<li>Eli Lilly and Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LLY#NYSE">LLY</a>) declined 10.7% to $806.57 in pre-market trading after the company reported worse-than-expected third-quarter earnings and sales.</li>
<li>Advanced Micro Devices, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) shares fell 8.6% to $152.00 after the company reported third-quarter financial results.</li>
<li>Trump Media &amp; Technology Group Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DJT#NASDAQ">DJT</a>) fell 8.4% to $47.17 in pre-market trading after gaining around 9% on Tuesday.</li>
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Pre-Market Outlook

Markets

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O-I Glass Posts Downbeat Results, Joins AMD, Qorvo And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Press Releases

O-I Glass to Present at Citi's 2024 Basic Materials Conference

O-I GLASS ANNOUNCES FULL YEAR AND FOURTH QUARTER 2024 EARNINGS CONFERENCE CALL AND WEBCAST

O-I Glass Reports Full Year and Fourth Quarter 2024 Results

O-I GLASS SEEKS TO POSITION HOLZMINDEN FOR STRONG FUTURE

O-I Glass to Host 2025 Investor Day

O-I GLASS TO DETAIL STRATEGIC INITIATIVES TO DRIVE LONG-TERM VALUE

Linde and O-I Partner to Install OPTIMELT® TCR Technology at Holzminden, Germany, Plant to Improve Efficiency and Reduce Emissions

Comments

O-I Glass

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PARTNER/COLLABORATORE

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