ADVANCING NEW CEO PRIORITIES AS MARKETS GRADUALLY IMPROVE • Increase focus on installing MAGMA Gen 1 to heritage furnaces at end of life where applicable – Accelerate generating economic profit – Add on/off flexibility and efficiency to heritage network • Gen 2 optimization at Bowling Green • Gen 3 consideration as part of Horizon 3 priorities As part of our journey toward zero injuries, we are committed to a 50% improvement of our Total Recordable Incident Rate (TRIR) by 2030. (1) An economic profit (EP) m ...

O-I Glass, Inc. (NYSE:OI) Q2 2024 Earnings Conference Call July 31, 2024 8:00 AM ET Company Participants Chris Manuel - Vice President of Investor Relations Gordon Hardie - President and Chief Executive Officer John Haudrich - Senior Vice President and Chief Financial Officer Conference Call Participants Ghansham Panjabi – Baird George Staphos - Bank of America Mike Roxland - Truist Securities Anthony Pettinari – Citi Joshua Beder - UBS Arun Viswanathan - RBC Capital Marrkets Gabe Hajde - Wells Fargo Securi ...

Over the last four quarters, the company has surpassed consensus EPS estimates four times. O-I Glass shares have lost about 30.1% since the beginning of the year versus the S&P 500's gain of 14.5%. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research sho ...

For more information, contact: Chris Manuel Vice President of Investor Relations 567-336-2600 Chris.Manuel@o-i.com "It is a privilege to be O-I's new CEO. I have spent my career serving the food and beverage industries across the world. I have always appreciated the role of glass packaging in food safety and brand building. O-I does more than make glass. We help our customers create millions of moments of enjoyment for countless consumers every day. Having served on O-I's Board of Directors since 2015 and n ...

PERRYSBURG, Ohio, July 30, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. ("O-I") (NYSE: OI) today reported financial results for the second quarter ended June 30, 2024. | --- | --- | --- | --- | --- | |------------|----------------------------|--------------------------------------------------|-----------|-------------------------------------| | | Per Share (Diluted) \n2Q24 | Net Earnings Attributable to the Company \n2Q23 | $M \n2Q24 | Earnings Before Income Taxes \n2Q23 | | Reported | $0. ...

Editor's note: Seeking Alpha is proud to welcome Maze Insights as a new contributing analyst. You can become one too! Share your best investment idea by submitting your article for review to our editors. Get published, earn money, and unlock exclusive SA Premium access. Click here to find out more » Monty Rakusen/DigitalVision via Getty Images O-I Glass (NYSE:OI) is a great value stock and will thrive once market demand recovers for a few key reasons. Firstly, management has focused on strategic portfolio o ...

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on July 30. On the other hand, if they miss, ...

Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits. Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" c ...

Monty Rakusen I updated my discounted cash flow [DCF] model from previous estimates. I now estimate revenues to decline -3.5% in 2024 compared to a 4% growth previously as the industry outlook is bad for now. Afterward, I now estimate the MAGMA project, and an industry recovery, to add to growth from 2025 to 2028 with a 3.2% CAGR from 2024 to 2028. I still cautiously estimate 1.5% growth due to O-I Glass' poor long-term growth. I again estimate the EBIT margin to reach 10.5%, this time by elevating instead ...

Delivering the next step towards long-term global sustainability targets Investment of approximately $150 million in the Alloa site over the next two years Perrysburg, Ohio, July 02, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. ("O-I Glass" or "O-I") plans a major transformation of its Alloa, UK manufacturing plant into an even more technologically advanced facility with an expected significant reduction in CO2 emissions. Over the next two years, the company plans to invest approximately $150 million in a serie ...