OI
O-I Glass, Inc.15.15
-0.46-2.95%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.33BP/E (TTM)
-Basic EPS (TTM)
-0.94Dividend Yield
0%Recent Filings
8-K
8-K
8-K
O-I refinances $2.7B credit
O-I Glass refinanced its $2.7 billion credit facility on September 30, 2025, extending maturities to 2030 for Term A loans and revolver, and 2032 for Term B loans, while securing borrowings with subsidiary collateral. Proceeds fully repaid the prior 2022 agreement and covered fees, easing near-term debt pressures but imposing a Secured Leverage Ratio covenant that could limit future acquisitions. Covenants restrict liens and investments. Springing maturities tie to senior notes.
10-Q
Q2 FY2025 results
O-I Glass posted Q2 net sales of $1.7B, down 1% y/y from $1.7B amid softer volumes and pricing, yet Americas shipments rose 4% on beer and spirits demand while Europe dipped 9% from weather and reconfiguration delays. Gross profit held at $299M with 17.5% margins, buoyed by $63M in Fit to Win cost cuts that outpaced $32M from European production trims; segment operating profit edged to $225M, down 3% y/y (derived). Operating cash flow stayed negative at $16M YTD, with $487M cash on hand and $1.0B revolver availability against $5.1B total debt at 6.08% average rate, no covenant issues. Restructuring hit $108M, including $104M MAGMA write-off, pushing net loss to $5M or $(0.03) diluted EPS—versus $57M profit last year—while net loss trailed operating profit by $118M due to other expenses like impairments and FX. Ongoing antitrust probes in Italy, France, and Ecuador pose fine risks.
8-K
O-I raises 2025 guidance
O-I Glass posted Q2 2025 adjusted earnings of $0.53 per share, up 20% from last year, as Fit to Win initiatives offset soft demand and a 3% shipment drop. Americas profit surged 27% to $135 million on cost cuts and 4% volume growth, while Europe fell 29% to $90 million amid 9% volume decline and curtailments. The company halted MAGMA development, reconfiguring its Bowling Green facility for premium output. It raised full-year adjusted EPS guidance to $1.30-$1.55, signaling 60-90% growth over 2024. Momentum builds.
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