O-I Glass, Inc.
Description
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 products directly to customers under annual or multi-year supply agreements, as well as through distributors. O-I Glass, Inc. was founded in 1903 and is based in Perrysburg, Ohio.
About
CEO
Mr. Gordon J. Hardie B.A., M.B.A.
Employees
23,000
Instrument type
Common Stock
Sector
Consumer Cyclical
Industry
Packaging & Containers
MIC code
XNYS
Address
One Michael Owens Way, Perrysburg, OH 43551, United States
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Oscillators
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Summary
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Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Oct 27, 2025 | — | — | — | — |
| Jul 28, 2025 | — | — | — | — |
| Apr 28, 2025 | — | — | — | — |
| Feb 4, 2025 | -0.07 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 8 | — | 10 |
| Average estimate | — | 0.26 | — | 1.46 |
| Low estimate | — | 0.17 | — | 1.12 |
| High estimate | — | 0.55 | — | 1.70 |
| Last year EPS | — | 0.45 | — | 0.78 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-167.580%
Next qtr. (Mar 2025)
-41.380%
Current year
-74.640%
Next year (Dec 2025)
86.280%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 7.11B | 6.86B | 6.36B | 6.09B | 6.69B |
| Cost of revenue | 5.61B | 5.64B | 5.27B | 5.12B | 5.48B |
| Gross profit | 1.50B | 1.21B | 1.09B | 972.00M | 1.21B |
| Operating expense | |||||
| Research & development | 92.00M | 79.00M | 82.00M | 75.00M | 68.00M |
| Selling general and admin | 559.00M | 516.00M | 507.00M | 429.00M | 465.00M |
| Other operating expenses | — | — | 154.00M | — | — |
| Operating income | 813.00M | 585.00M | 539.00M | 435.00M | 634.00M |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 342.00M | 239.00M | 216.00M | 265.00M | 311.00M |
| Other income expense | -404.00M | 459.00M | 9.00M | 183.00M | -584.00M |
| Pretax income | 67.00M | 805.00M | 332.00M | 353.00M | -261.00M |
| Tax provision | 152.00M | 178.00M | 167.00M | 89.00M | 118.00M |
| Net income | -85.00M | 627.00M | 172.00M | 264.00M | -382.00M |
| Basic EPS | -0.67 | 3.76 | 0.95 | 1.59 | -2.58 |
| Diluted EPS | -0.67 | 3.67 | 0.93 | 1.57 | -2.58 |
| Basic average shares | 154.65M | 155.31M | 157.15M | 156.81M | 155.25M |
| Diluted average shares | 154.65M | 155.31M | 157.15M | 156.81M | 155.25M |
| EBITDA | 1.44B | 1.16B | 951.00M | 943.00M | 1.22B |
| Net income from continuing op. | -85.00M | 627.00M | 165.00M | 264.00M | -379.00M |
| Minority interests | -18.00M | -43.00M | -23.00M | -15.00M | -18.00M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | 9.67B | 9.06B | 8.83B | 8.88B | 9.61B |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 913.00M | 773.00M | 725.00M | 563.00M | 551.00M |
| Other short term investments | — | — | — | — | — |
| Accounts receivable | 671.00M | 760.00M | 692.00M | 623.00M | 621.00M |
| Other receivables | — | — | — | — | — |
| Inventory | 1.07B | 848.00M | 816.00M | 841.00M | 1.05B |
| Prepaid assets | — | — | 237.00M | 270.00M | 271.00M |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | 49.00M | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | 229.00M | 222.00M | 237.00M | 270.00M | 271.00M |
| Non current assets | |||||
| Properties | 220.00M | 225.00M | 116.00M | 138.00M | 203.00M |
| Land and improvements | 234.00M | 217.00M | 237.00M | 248.00M | 275.00M |
| Machinery furniture equipment | 5.84B | 5.23B | 5.18B | 5.36B | 5.73B |
| Construction in progress | 817.00M | 556.00M | 300.00M | 211.00M | 359.00M |
| Leases | — | — | — | — | — |
| Accumulated depreciation | -4.53B | -4.14B | -4.04B | -4.11B | -4.36B |
| Goodwill | 3.24B | 3.93B | 4.02B | 4.29B | 4.31B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 296.00M | 306.00M | 335.00M | 384.00M | 445.00M |
| Investments and advances | 743.00M | 695.00M | 643.00M | 673.00M | 694.00M |
| Other non current assets | 432.00M | 397.00M | 412.00M | 465.00M | 531.00M |
| Total liabilities | 7.93B | 7.53B | 8.01B | 8.48B | 9.05B |
| Current liabilities | |||||
| Accounts payable | 1.44B | 1.36B | 1.21B | 1.13B | 1.28B |
| Accrued expenses | 571.00M | 580.00M | 510.00M | 553.00M | 563.00M |
| Short term debt | 248.00M | 345.00M | 72.00M | 197.00M | 124.00M |
| Deferred revenue | — | — | — | — | — |
| Tax payable | 90.00M | 77.00M | 41.00M | 22.00M | 32.00M |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | 13.00M | — | — |
| Non current liabilities | |||||
| Long term debt | 4.70B | 4.37B | 4.75B | 4.95B | 5.44B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | 86.00M | 84.00M | 102.00M | 109.00M | 110.00M |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | 480.00M | 433.00M | 914.00M | 895.00M | 843.00M |
| Shareholders equity | |||||
| Common stock | 2.00M | 2.00M | 2.00M | 2.00M | 2.00M |
| Retained earnings | 782.00M | 885.00M | 301.00M | 152.00M | -89.00M |
| Other shareholders equity | -1.58B | -1.86B | -1.97B | -2.27B | -1.84B |
| Total shareholders equity | 1.74B | 1.53B | 827.00M | 401.00M | 564.00M |
| Additional paid in capital | 3.09B | 3.08B | 3.09B | 3.13B | 3.13B |
| Treasury stock | 681.00M | 688.00M | 701.00M | 714.00M | 733.00M |
| Minority interest | 135.00M | 111.00M | 107.00M | 104.00M | 97.00M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||||||||||||||||||||
| Net Income | -85.00M | 627.00M | 165.00M | 264.00M | -379.00M | 169.00M | 205.00M | 237.00M | 162.00M | 215.00M | 348.00M | 220.00M | -481.00M | -34.00M | 132.00M | 321.70M | 1.34B | -27.50M | -621.60M | 171.50M | -990.80M | 9.40M | 360.70M | -269.70M | 299.10M | 122.10M | 272.40M | 191.10M | 169.10M | 78.30M | 17.60M | 96.70M | -130.10M |
| Depreciation | 483.00M | 454.00M | 449.00M | 468.00M | 499.00M | 494.00M | 488.00M | 478.00M | 409.00M | 418.00M | 397.00M | 412.00M | 422.00M | 391.00M | 385.00M | 459.90M | 460.90M | 509.20M | 524.00M | 474.80M | 525.20M | 480.70M | 543.70M | 549.50M | 545.30M | 463.90M | 343.50M | 271.60M | 238.10M | 233.60M | 232.30M | 251.10M | 165.20M |
| Deferred Taxes | 25.00M | 22.00M | -66.00M | -5.00M | 7.00M | -9.00M | -12.00M | -4.00M | 12.00M | 51.00M | -3.00M | -5.00M | -42.00M | -20.00M | 52.00M | 21.00M | 3.20M | 10.80M | -75.00M | -93.30M | -182.60M | -94.60M | 227.30M | -243.80M | 110.80M | -17.40M | 83.90M | 77.50M | 48.70M | 30.20M | -145.60M | — | — |
| Stock-Based Compensation | 43.00M | 33.00M | 8.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Non-Cash Items | 10.00M | -1.08B | 115.00M | 86.00M | -111.00M | 18.00M | -115.00M | -126.00M | -90.00M | -211.00M | -117.00M | -86.00M | 91.00M | 321.00M | -6.00M | 319.80M | -131.80M | 7.90M | 490.20M | -4.90M | — | — | — | — | — | — | — | — | -33.70M | -176.00M | -267.00M | — | 283.00M |
| Accounts Receivable | 151.00M | -83.00M | -146.00M | -132.00M | -48.00M | 43.00M | -37.00M | -32.00M | -14.00M | 59.00M | 18.00M | 213.00M | -131.00M | -60.00M | -12.00M | 57.80M | — | -162.80M | -75.20M | 61.50M | — | 34.80M | -200,000 | -43.90M | -65.10M | -18.20M | -76.20M | -60.80M | 21.00M | -72.80M | — | — | — |
| Accounts Payable | -102.00M | 146.00M | 161.00M | -67.00M | -62.00M | 67.00M | 69.00M | -58.00M | 100.00M | 103.00M | 128.00M | -53.00M | 145.00M | 17.00M | 29.00M | -56.70M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Assets & Liabilities | -174.00M | -61.00M | -32.00M | 75.00M | -26.00M | -29.00M | 2.00M | 16.00M | -144.00M | -228.00M | -180.00M | -147.00M | -205.00M | -102.00M | 14.40M | -126.00M | -56.60M | -387.00M | -270.60M | -217.80M | -95.00M | -28.80M | -34.20M | -25.30M | -28.10M | -80.10M | 4.10M | 23.30M | -4.40M | 7.40M | -176.50M | — | -70.10M |
| Operating Cash Flow | 351.00M | 62.00M | 654.00M | 689.00M | -120.00M | 753.00M | 600.00M | 511.00M | 435.00M | 407.00M | 591.00M | 554.00M | -201.00M | 513.00M | 594.40M | 997.50M | 1.62B | -49.40M | -28.20M | 391.80M | -743.20M | 401.50M | 1.10B | -33.20M | 862.00M | 470.30M | 627.70M | 502.70M | 438.80M | 100.70M | -339.20M | 347.80M | 248.00M |
| Investing Activities | |||||||||||||||||||||||||||||||||
| Capital Expenditures | -688.00M | -539.00M | -398.00M | -311.00M | -426.00M | -536.00M | -441.00M | -454.00M | -402.00M | -369.00M | -361.00M | -290.00M | -285.00M | -503.00M | -413.00M | -361.70M | -292.50M | -320.30M | -404.10M | -461.80M | -364.80M | -496.00M | -531.90M | -481.40M | -684.40M | -4.27B | -471.30M | -831.30M | -283.60M | -286.00M | 461.10M | -233.20M | -216.20M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | 1.00M | 466.00M | 180.00M | 404.00M | -212.00M | -175.00M | -39.00M | -56.00M | -2.35B | -114.00M | -4.00M | -5.00M | -144.00M | -817.00M | -5.00M | -1.60M | 1.76B | 15.10M | 155.40M | 800.60M | — | -17.60M | -184.60M | -77.10M | — | — | — | — | — | — | — | — | — |
| Purchase of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Sale of Investments | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 163.00M | — | — | — | — | — | — | — | — | — | — | — | 375.30M |
| Investing Cash Flow | -687.00M | -85.00M | -98.00M | 103.00M | -437.00M | -698.00M | -466.00M | -425.00M | -2.75B | -455.00M | -402.00M | -221.00M | -426.00M | -1.31B | -404.60M | -377.20M | 1.47B | -177.90M | -198.00M | 1.77B | -135.10M | -474.60M | -111.20M | -464.10M | -347.30M | -4.23B | -551.00M | -822.10M | -334.30M | -320.00M | 429.20M | -288.80M | 159.10M |
| Financing Activities | |||||||||||||||||||||||||||||||||
| Long-Term Debt Issuance | 1.33B | 2.85B | 1.02B | 2.00B | 4.27B | 2.51B | 1.46B | 1.24B | 4.54B | 1.25B | 768.00M | 119.00M | 1.47B | 1.39B | 1.08B | 686.40M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Long-Term Debt Payments | -1.30B | -2.90B | -1.19B | -2.46B | -4.10B | -2.35B | -1.76B | -1.45B | -2.32B | -1.10B | -1.04B | -402.00M | -1.80B | -614.00M | -917.00M | -966.00M | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Financing Charges | -68.00M | 77.00M | -47.00M | -71.00M | -74.00M | -35.00M | -45.00M | -25.00M | -112.00M | -48.00M | -24.00M | 5.00M | -76.00M | -37.00M | -62.00M | -45.20M | -600,000 | -19.10M | -99.00M | -60.30M | -167.60M | -98.60M | -88.20M | — | -1.00M | -10.40M | -164.70M | -2.90M | — | -1.20M | -14.90M | — | -135.60M |
| Financing Cash Flow | -27.00M | 6.00M | -273.00M | -557.00M | 68.00M | -53.00M | -392.00M | -228.00M | 2.06B | -70.00M | -302.00M | -339.00M | -323.00M | 506.00M | -33.20M | -385.90M | 40.70M | -32.60M | -99.50M | -54.40M | -185.50M | -113.30M | -112.50M | -36.10M | -243.50M | 1.07B | 339.10M | 9.90M | 3.80M | 3.80M | -14.90M | — | 714.90M |
| Other Cash Details | |||||||||||||||||||||||||||||||||
| End Cash Position | 913.00M | 773.00M | 725.00M | 563.00M | 551.00M | 512.00M | 492.00M | 492.00M | 399.00M | 512.00M | 383.00M | 431.00M | 400.00M | 640.00M | 812.00M | 379.50M | 387.70M | 222.70M | 246.60M | 277.90M | 163.40M | 126.40M | 155.60M | 229.70M | 257.10M | 271.40M | — | — | — | — | — | — | — |
| Income Tax Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Interest Paid | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Free Cash Flow | 130.00M | -385.00M | 289.00M | 146.00M | -21.00M | 255.00M | 280.00M | 297.00M | 206.00M | 306.00M | 321.00M | 285.00M | 218.00M | 89.00M | 372.00M | 395.50M | 343.90M | -170.00M | 49.00M | 148.10M | -78.40M | 107.10M | 6.20M | -116.60M | -121.40M | -3.63B | -26.10M | -513.50M | -31.00M | -58.60M | -34.50M | -36.40M | 68.10M |
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Article
O-I GLASS SEEKS TO POSITION HOLZMINDEN FOR STRONG FUTURE
PERRYSBURG, Ohio / HOLZMINDEN, Germany , Feb. 06, 2025 (GLOBE NEWSWIRE) -- - As part of its vision to reshape the company and become the most competitive glass maker in the industry, O-I Glass, Inc. (“O-I Glass” or “O-I”) is further strengthening its business in Germany. Determined to build an even more competitive business, the company is positioning its Holzminden, Germany, plant for a strong future by undertaking efforts to make the facility leaner, more agile, and more efficient. The upgrade will also include the installation of cutting-edge furnace technology that is expected to significantly enhance energy efficiency and reduce emissions. In combination with the also-planned on-site oxygen production, this comprehensive technology upgrade supports the conversion of an existing furnace to a Gas-Oxy system. The innovative setup is expected to reduce fuel consumption by up to 30 percent and lower CO2 emissions by approximately 4,000 tons annually compared with current technology.
Feb 6, 2025
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O-I Glass, Inc. (OI) Q4 2024 Earnings Call Transcript
O-I Glass, Inc. (NYSE:OI ) Q4 2024 Earnings Conference Call February 5, 2025 8:00 AM ET Company Participants Chris Manuel - VP of IR Gordon Hardie - CEO John Haudrich - CFO Conference Call Participants Ghansham Panjabi - Baird George Staphos - Bank of America Anthony Pettinari - Citi Joshua Spector - UBS Arun Viswanathan - RBC Gabe Hajde - Wells Fargo Nico Piccini - Truist Securities Operator Hello, and welcome to today's O-I Glass, Full Year, and Fourth Quarter 2024 Earnings Conference Call. My name is Bailey, and I will be the moderator for today.
Feb 5, 2025
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O-I Glass Earnings Beat Estimates in Q4, Revenues Decrease Y/Y
OI Q4 results reflect the impacts of lower average selling prices and unfavorable foreign currency translation amid flat sales volume.
Feb 5, 2025
