O-I Glass, Inc. (OI)
| Market Cap | 1.99B |
| Revenue (ttm) | 6.64B |
| Net Income (ttm) | -422.00M |
| Shares Out | 154.65M |
| EPS (ttm) | -2.73 |
| PE Ratio | n/a |
| Forward PE | 11.19 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 204,076 |
| Open | 12.65 |
| Previous Close | 12.56 |
| Day's Range | 12.52 - 12.95 |
| 52-Week Range | 10.08 - 17.58 |
| Beta | 1.21 |
| Analysts | Buy |
| Price Target | 16.25 (+26.02%) |
| Earnings Date | Oct 29, 2024 |
About OI
O-I Glass, Inc., through its subsidiaries, engages in the manufacture and sale of glass containers to food and beverage manufacturers primarily in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, tea, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its produc... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 8 analysts, the average rating for OI stock is "Buy." The 12-month stock price forecast is $16.25, which is an increase of 26.02% from the latest price.
News
O-I Glass: Weakness Persists In Q3 And Beyond (Rating Downgrade)
O-I Glass' Q3 was weak, as the company had weak pricing and volumes declined in Europe. In addition, production capacity adjustments weighed towards weak profitability. The market weakness is expected...
O-I Glass, Inc. (OI) Q3 2024 Earnings Call Transcript
O-I Glass, Inc. (NYSE:OI) Q3 2024 Earnings Conference Call October 30, 2024 8:00 AM ET Company Participants Chris Manuel - IR Gordon Hardie - CEO John Haudrich - CFO Conference Call Participants Ghan...
O-I GLASS REPORTS THIRD QUARTER 2024 RESULTS
PERRYSBURG, Ohio, Oct. 29, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE Rapidly Implementing Fit To Win Priorities to Drive Improved Performance in 2025 and Beyond Bus...
O-I Glass Announces Third Quarter 2024 Earnings Conference Call and Webcast
PERRYSBURG, Ohio , Oct. 02, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: OI) has scheduled its third quarter 2024 conference call and webcast for Wednesday, October 30, 2024, at 8 a.m. EDT. The Com...
O-I Glass to Present at UBS Global Materials Conference
PERRYSBURG, Ohio, Aug. 26, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I Glass” or “O-I”) today announced the Company will participate in UBS Global Materials Conference on Wednesday, September 4, 20...
O-I Glass, Inc. (OI) Q2 2024 Earnings Call Transcript
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 Execut...
O-I GLASS REPORTS SECOND QUARTER 2024 RESULTS
Gradually Improving Demand Amid Soft Macro Conditions; New CEO Outlines Top Priorities Gradually Improving Demand Amid Soft Macro Conditions; New CEO Outlines Top Priorities
Why O-I Glass Will Thrive As The Market Improves
O-I is facing an excruciating period of destocking and soft consumer demand, with disappointing revenues. Decreasing shipments and volatile energy costs are increasing operating costs. However, manage...
O-I Glass: There's Incredibly Risky Potential
O-I Glass, Inc. has reported weak financials due to weak recent industry trends. The company anticipates a gradual recovery with stable y/y volumes in Q2, but I believe that investors should be cautio...
O-I Glass Announces Second Quarter 2024 Earnings Conference Call and Webcast
PERRYSBURG, Ohio, July 03, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: OI) has scheduled its second quarter 2024 conference call and webcast for Wednesday, July 31, 2024, at 8 a.m. EDT. The Compan...
O-I Glass Plans Technology & Sustainability Transformation of its Alloa, UK Plant
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...
Innovation Drives O-I Sustainability Progress
Company 2024 Sustainability Report Update Showcases Significant Progress Toward Ambitious Sustainability Goals Company 2024 Sustainability Report Update Showcases Significant Progress Toward Ambitious...
O-I GLASS AND GRIDBEYOND ESTABLISH INNOVATIVE BATTERY STORAGE SYSTEM IN ALLOA, UK
Energy storage system at O-I's Alloa, UK, plant helps balance the grid, reduces peak load, optimizes the use of renewable electricity, and increases O-I's resilience against brownouts Energy storage s...
O-I Glass to Invest $65 Million in Electrification and Decarbonization in Veauche, France
PERRYSBURG, OH/VEAUCHE, FRANCE, June 18, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I Glass” or “O-I”) plans to invest approximately $65 Million into the electrification and decarbonization of its p...
O-I GLASS TRANSFORMS PROCESSING OF RECYCLED GLASS WITH INNOVATIVE MOBILE SYSTEM
Perrysburg, Ohio, June 06, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I Glass” or “O-I” has completed the development and testing of a transformative, low-cost mobile glass processing machine that ...
OI European Group B.V. Announces Results of Cash Tender Offer for Any and All of its Outstanding 2.875% Senior Notes due 2025
PERRYSBURG, Ohio / SCHIEDAM, the Netherlands, May 24, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. (NYSE: OI) (the “Company”), announced today that OI European Group B.V. (“OIEG”, “w...
Top 3 Materials Stocks That Are Set To Fly This Quarter - O-I Glass (NYSE:OI)
The most oversold stocks in the materials sector presents an opportunity to buy into undervalued companies.
Owens-Brockway Glass Container Inc. Announces Pricing of Senior Notes Offering
PERRYSBURG, Ohio, May 20, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. (the “Company”) announced that Owens-Brockway Glass Container Inc. (“OBGC”), an indirect wholly owned subsidiar...
Owens-Brockway Glass Container Inc. Launches $300 Million Senior Notes Offering
PERRYSBURG, Ohio, May 20, 2024 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE O-I Glass, Inc. (the “Company”) announced that Owens-Brockway Glass Container Inc. (“OBGC”), an indirect wholly owned subsidiar...
OI European Group B.V. Announces Upsizing and Pricing of Senior Notes Offering
FOR IMMEDIATE RELEASE PERRYSBURG, Ohio / SCHIEDAM, the Netherlands, May 16, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (the “Company”) announced that OI European Group B.V. (“OIEG”), an indirect wholly ...
OI European Group B.V. Launches €400 Million Senior Notes Offering
FOR IMMEDIATE RELEASE OI European Group B.V. Launches €400 Million Senior Notes Offering PERRYSBURG, Ohio / SCHIEDAM, the Netherlands, May 16, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (the “Company”) ...
OI EUROPEAN GROUP B.V. OFFER TO PURCHASE FOR CASH ANY AND ALL 2.875% SENIOR NOTES DUE 2025
FOR IMMEDIATE RELEASE OI EUROPEAN GROUP B.V. OFFER TO PURCHASE FOR CASH ANY AND ALL 2.875% SENIOR NOTES DUE 2025 PERRYSBURG, Ohio / SCHIEDAM, the Netherlands, May 16, 2024 (GLOBE NEWSWIRE) -- O-I Gla...
O-I Glass Appoints John Humphrey as Independent Board Chair
PERRYSBURG, Ohio, May 15, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I”) (NYSE: OI) today announced that, after the conclusion of O-I's Annual Meeting of Share Owners held earlier today, the Board a...
O-I Glass Completes Full Allocation for Second Round of Green Bond Offerings
Perrysburg, Ohio, May 13, 2024 (GLOBE NEWSWIRE) -- – O-I Glass, Inc. (“O-I Glass”, “O-I” or the “Company”) announced today that the Company has completed full allocation of the proceeds from its seco...
O-I Glass: Guidance Cut Creates New Buy Opportunity
O-I Glass's Q1 results showed pressure from customer destocking, with gross profit falling by about a third. The company's operating cash flow was negative, but adjusted for changes in working capital...