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O-I Glass (OI)
NYSE:OI
Earnings Data
Report Date
Apr 29, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.23Last Year’s EPS
0.45Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: 0.26%
|Next Earnings Date:Apr 29, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a challenging year for O-I Glass, Inc. with declines in earnings and sales volumes. However, the company has taken significant steps to stabilize demand and improve performance through cost-saving initiatives. The positive outlook for 2025 with substantial expected growth in EPS and free cash flow indicates a cautiously optimistic future.Company Guidance
During the O-I Glass, Inc. earnings call for the fiscal year 2024, the guidance for 2025 was presented with a focus on strategic initiatives aimed at improving financial performance despite challenging market conditions. The company anticipates adjusted EPS in the range of $1.20 to $1.50 per share, reflecting a 50% to 85% increase from 2024 levels, driven by strategic cost reduction efforts. Additionally, they expect free cash flow between $150 million and $200 million, marking a significant improvement from the prior year. These projections are underpinned by a targeted adjusted EBITDA of $1.15 billion to $1.2 billion, with sales volume expected to be flat or slightly down. The company plans to implement two phases of their Fit to Win program, which includes streamlining organizational structures and optimizing the supply chain, aiming for savings of $175 million to $200 million in 2025 alone.Stabilization and Improved Performance
Despite challenging market conditions, demand has stabilized in recent months, and fourth quarter costs and operating performance were better than anticipated.
Significant Cost Savings Initiatives
The 'Fit to Win' program is expected to generate savings of $300 million over the next three years, with $25 million already achieved in Q4 2024.
Positive Outlook for 2025
Adjusted EPS is projected to increase by 50% to 85% in 2025, driven by strategic initiatives with expected improvements in free cash flow to $150 million to $200 million.
Growth in Americas Segment
Segment operating profit in the Americas increased to $96 million, with a 5% growth in sales volume.
Inventory Reduction Success
Inventory was reduced by $108 million in 2024, with further reductions expected in 2025.
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OI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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OI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 04, 2025 | $11.73 | $12.06 | +2.81% |
| Oct 29, 2024 | $12.44 | $11.55 | -7.15% |
| Jul 30, 2024 | $11.62 | $13.36 | +14.97% |
| Apr 30, 2024 | $14.96 | $12.58 | -15.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does O-I Glass (OI) report earnings?
O-I Glass (OI) is schdueled to report earning on Apr 29, 2025, TBA Not Confirmed.
What is O-I Glass (OI) earnings time?
O-I Glass (OI) earnings time is at Apr 29, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OI EPS forecast?
OI EPS forecast for the fiscal quarter 2025 (Q1) is 0.23.
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