Latest news with #O-IGlass
Yahoo
06-05-2025
- Business
- Yahoo
Smurfit Westrock, GPI, Hood Container announced facility closures in April
O-I Glass announced on April 8 that it's considering changes to its business in France following a slowdown in the wine market, along with 'overcapacity and strong competition,' the company said in a press release. O-I is weighing operational adjustments at three different sites as well as at its French headquarters, and is considering ceasing production of one furnace at a plant in Vayres. It may also close its plant in Vergèze. Altogether, these actions could impact a net total of 320 positions.
Yahoo
05-05-2025
- Business
- Yahoo
O-I Glass (OI) Surpasses Q1 Earnings and Revenue Estimates
O-I Glass (OI) came out with quarterly earnings of $0.40 per share, beating the Zacks Consensus Estimate of $0.18 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 122.22%. A quarter ago, it was expected that this glass container manufacturer would post a loss of $0.11 per share when it actually produced a loss of $0.05, delivering a surprise of 54.55%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. O-I Glass , which belongs to the Zacks Glass Products industry, posted revenues of $1.57 billion for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 2.22%. This compares to year-ago revenues of $1.59 billion. The company has topped consensus revenue estimates just once over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. O-I Glass shares have added about 10.4% since the beginning of the year versus the S&P 500's decline of -6%. While O-I Glass has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? 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 shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for O-I Glass: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.38 on $1.67 billion in revenues for the coming quarter and $1.28 on $6.32 billion in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Glass Products is currently in the bottom 1% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the broader Zacks Industrial Products sector, Terex (TEX), has yet to report results for the quarter ended March 2025. The results are expected to be released on May 2. This machinery products maker is expected to post quarterly earnings of $0.49 per share in its upcoming report, which represents a year-over-year change of -69.4%. The consensus EPS estimate for the quarter has been revised 3.9% lower over the last 30 days to the current level. Terex's revenues are expected to be $1.22 billion, down 5.5% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report O-I Glass, Inc. (OI) : Free Stock Analysis Report Terex Corporation (TEX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-04-2025
- Business
- Yahoo
O-I France launches strategic overhaul to strengthen market position
Glass bottle manufacturer O-I France has introduced a new transformation initiative called 'Fit to Win' to improve its operational flexibility in France. This move is designed to tackle the company's challenges in the glass industry, driven by a decline in the wine sector, combined with excess production capacity and intense competition. The Fit to Win programme is set to enhance the flexibility and responsiveness of the company's operations, making its glass products more competitive and accessible in the market. As part of the initiative, O-I France has initiated a consultation process with employee representatives in France and Europe. Discussions are centred around potential operational changes at several plants across France. The consultation includes the possibility of adjustments at the Gironcourt, Puy-Guillaume, and Reims plants. Proposed changes include the potential cessation of production at the Vayres plant and the possible closure of the Vergèze plant. Additionally, the company is evaluating a reduction in administrative functions at its French headquarters. O-I France is also considering a substantial investment in its French facilities as part of its 2025 capital plan. The proposed restructuring could impact up to 320 positions, including a mix of newly created roles and eliminated positions. The company says it aims to support affected employees responsibly throughout the process. All changes will be carried out with full consultation with the relevant authorities and employee representative bodies. Last month, O-I Glass finished a biofuel trial for sustainable glassmaking at its Harlow plant in the UK. "O-I France launches strategic overhaul to strengthen market position" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
26-03-2025
- Business
- Yahoo
O-I Glass advances sustainable glassmaking with biofuel trial in UK
American glass manufacturer O-I Glass has completed a biofuel trial for sustainable glassmaking processes at its plant in Harlow, UK. The trial involved the use of biofuel in combination with advanced technologies such as cullet preheating to replace natural gas in the furnace. In a news release, O-I Glass said the trial demonstrated a "significant reduction" in greenhouse gas (GHG) emissions. This achievement is part of a broader initiative driven by Glass Futures, a UK-based research and development organisation. It also aligns with the UK government's 'Net Zero Innovation Portfolio' programme, which explores sustainable fuel alternatives for the industry. O-I Glass confirmed that large-scale usage of biofuel is technically viable at the Harlow facility, though full-scale implementation will depend on the availability and cost-effectiveness of biofuels in the future. O-I chief administrative and sustainability officer Randy Burns said: 'Our participation in this programme is a testament to our unwavering dedication to driving positive change in the industry. 'The successful completion of the trial in Harlow has proven the feasibility of alternative fuels and has the potential to open up exciting new opportunities for the industry. 'Glass is already recognised as the ideal sustainable packaging material, and our job is to integrate innovative approaches with efficient processes to further decarbonise glassmaking. By doing so, we aim to contribute to a more sustainable and economically viable future for the entire industry.' In another development, O-I Glass unveiled plans to install Linde's proprietary OPTIMELT thermochemical regenerator (TCR) technology at its glass container plant in Holzminden, Germany. This collaboration is expected to reduce fuel consumption and scope 1 carbon emissions significantly. The OPTIMELT TCR technology, which recovers waste heat from glass furnace flue gases to preheat and reform natural gas, is set to increase energy efficiency and reduce fuel consumption by approximately 30% compared to conventional furnaces. "O-I Glass advances sustainable glassmaking with biofuel trial in UK" was originally created and published by Packaging Gateway, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
04-03-2025
- Business
- Yahoo
O-I Glass to Host 2025 Investor Day
PERRYSBURG, Ohio, March 04, 2025 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: OI) today announced that it will host an Investor Day on Friday, March 14, 2025, in New York City. 'The Power of Glass' event will feature presentations and a question-and-answer session with several members of the Company's global leadership team. The event will begin at 8:30 a.m. ET and is expected to conclude around 11:30 a.m. ET. Due to a limited capacity, in-person attendance is by invitation only and advance registration is required. A live video broadcast of the event will be available at or can be accessed on the Company's Investor Relations website, A replay will be available shortly after the conclusion of the live event. Slides from the presentation will be posted on the Company's website, prior to the event. ABOUT O-I GLASSAt O-I Glass, Inc. (NYSE: OI), we love glass, and we are proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world's leading food and beverage brands. We innovate in line with customers' needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 21,000 people across 69 plants in 19 countries, O-I achieved revenues of $6.5 billion in 2024. Learn more about us: / Facebook / Twitter / Instagram / LinkedIn contact: SASHA SEKPEHInvestor Relations Attachment O-I Glass to Host 2025 Investor DaySign in to access your portfolio
