Financial Performance - Net sales for 2024 were $6.5 billion, a decrease of approximately 8 percent compared to $7.1 billion in 2023[4] - Adjusted earnings per share (diluted) for 2024 were $0.81, down from $3.09 in 2023, slightly exceeding management's guidance of $0.70 to $0.80[8] - Segment operating profit was $748 million in 2024, down from $1,193 million in 2023, reflecting lower net prices and increased operating costs[6] - The company reported a net loss attributable to the company of $0.69 per share in 2024, compared to a net loss of $0.67 per share in 2023[7] - Net sales for the year ended December 31, 2024, were $6,404 million, a decrease of 8.3% from $6,982 million in 2023[38] - Adjusted earnings (loss) for the year ended December 31, 2024, were $(8) million, compared to $491 million in 2023[43] Cash Flow and Assets - Free cash flow was a use of $128 million in 2024, compared to a source of $130 million in the prior year, slightly better than the guidance range of a use of $130 million to $170 million[9] - Cash provided by operating activities was $489 million in 2024, down from $818 million in 2023[8] - Cash provided by operating activities for the year ended December 31, 2024, was $489 million, down from $818 million in 2023[47] - Cash and cash equivalents at the end of Q4 2024 were $734 million, down from $913 million at the end of Q4 2023[33] - Total assets decreased to $8,654 million in 2024 from $9,669 million in 2023, a reduction of 10.5%[33] Segment Performance - Segment operating profit in the Americas was $392 million in 2024, down from $511 million in the prior year, impacted by lower net prices and increased operating costs[9] - Segment operating profit in Europe was $356 million in 2024, compared to $682 million in the prior year, primarily due to lower net prices and increased operating costs[9] - Segment operating profit for the Americas in 2024 was $392 million, down 23.3% from 511 million in 2023[41] - The segment operating profit margin for the Americas in 2024 was 10.9%, down from 13.2% in 2023[38] Quarterly Performance - Net sales for Q4 2024 were $1,529 million, a decrease of 6.8% from $1,641 million in Q4 2023[31] - Gross profit for Q4 2024 was $208 million, down from $231 million in Q4 2023, representing a decline of 9.9%[31] - The net loss attributable to the Company for Q4 2024 was $155 million, compared to a net loss of $470 million in Q4 2023[31] - The Company reported a cash provided by operating activities of $318 million for Q4 2024, compared to $381 million in Q4 2023[35] - Research, development, and engineering expenses for Q4 2024 were $18 million, down from $26 million in Q4 2023[31] - The Company incurred interest expenses of $83 million in Q4 2024, slightly up from $79 million in Q4 2023[31] - The Company’s equity earnings decreased significantly to $4 million in Q4 2024 from $27 million in Q4 2023[31] Future Outlook - The company anticipates adjusted EPS for 2025 to be in the range of $1.20 to $1.50, representing a 50 to 85 percent increase from 2024 levels[15] - Free cash flow for 2025 is expected to be between $150 million and $200 million, a significant improvement from the $128 million use of cash in 2024[16] Risks and Challenges - The Company is facing various risks including supply chain disruptions and competitive pressures, which may impact future performance[27] - Total debt as of December 31, 2024, was $4,969 million, an increase from $4,946 million in 2023[49] - The ratio of earnings before income taxes to net sales for the year ended December 31, 2024, was 0.6%, a slight decrease from 0.9% in 2023[38] - The company experienced a total reconciling item impact of $(116) million on net sales for the three months ended December 31, 2024[41]

PERRYSBURG, Ohio, Feb. 04, 2025 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE                        Rapidly Implementing O-I's Fit To Win Initiative To Significantly Improve PerformanceAnticipate Stronger 2025 Earnings and Cash Flow O-I Glass, Inc. ("O-I") (NYSE:OI) today reported financial results for the full year and fourth quarter ended December 31, 2024. Full Year 2024 Results  Net Earnings (Loss) Attributable toTo the CompanyEarnings Per ShareEarnings BeforeIncome Taxes$MCash Provided byOperating Activit ...

The market expects O-I Glass (OI) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 4, 2025, might help the stock move higher if these key numbers are be ...

One of the most famous sayings regarding investing is that the time to buy shares of a company is when there's blood in the streets, even if that blood is yours. The market can overreact to situations and pushCrude Value Insights offers you an investing service and community focused on oil and natural gas. We focus on cash flow and the companies that generate it, leading to value and growth prospects with real potential.Subscribers get to use a 50+ stock model account, in-depth cash flow analyses of E&P fir ...

PERRYSBURG, Ohio, Jan. 08, 2025 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE:OI) has scheduled its full year and fourth quarter 2024 conference call and webcast for Wednesday, February 5, 2025, at 8 a.m. EST. The Company's news release for the full year and fourth quarter 2024 earnings will be issued after the market closes on Tuesday, February 4. What:         O-I Conference Call and WebcastEarnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news re ...

Investors in OI Glass, Inc. (OI) need to pay close attention to the stock based on moves in the options market lately. That is because the Feb 21, 2025 $4 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean th ...

A month has gone by since the last earnings report for O-I Glass (OI) . Shares have added about 9.9% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is O-I Glass due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. O-I Glass Misses Q3 Earnings & Revenue Estimates, Lowers '2 ...

PERRYSBURG, Ohio, Nov. 26, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I Glass” or “O-I”) today announced the Company will participate in Citi’s 2024 Basic Materials Conference on Wednesday, December 4, 2024. O-I Glass Chief Executive Officer Gordon Hardie and Chief Financial Officer John Haudrich will present at 8:45 a.m. ET. A live webcast of the presentation will be available at: https://kvgo.com/2024-basic-materials-conference/o-i-glass-inc-december The replay will be available through the above link w ...

O-I Glass, Inc. (OI) reported a third-quarter 2024 adjusted loss per share (EPS) of 4 cents, which missed the Zacks Consensus Estimate of earnings of 3 cents. The company posted earnings of 80 cents in the year-ago quarter. The downside was led by significant production curtailment due to sluggish demand.Including one-time items, O-I Glass reported a loss per share of 52 cents for the quarter against earnings per share (EPS) of 32 cents in the prior-year quarter.Find the latest EPS estimates and surprises o ...

I am an avid investor with a major focus on small cap companies with experience in investing in US, Canadian, and European markets. My investment philosophy to generating great returns on the stock market revolves around identifying mispriced securities by understanding the drivers behind a company's financials, and ultimately, most often revealed by a DCF model valuation. This methodology doesn't limit an investor into rigid traditional value, dividend, or growth investing, but rather accounts for all of a ...