The Ohio-based company saw shipments grow in Q1 driven in part by customers making advanced purchases ahead of new tariffs Get the free daily newsletter read by industry experts Industry sources predict required front-of-pack labeling could mean giving up key real estate in costly redesigns — or an opportunity for some brands to modernize packaging and rethink consumer messaging Soaring use of these medications for weight loss is shifting demand including for packaging manufacturers that serve pharma and food customers Analysts say the game-changer is an opportunity for innovative companies The free newsletter covering the top industry headlines Bank of America has adjusted its price target for O-I Glass (OI, Financial) raising it from $13 to $15 while maintaining a Buy rating on the stock This decision follows the company's recent announcement of its first-quarter earnings and its plans to sustain 2025 guidance despite broader challenges in consumer activity The investment firm expresses confidence in the company's leadership highlighting their proactive steps to enhance performance such as the implementation of the Fit to Win program Based on the consensus recommendation from 10 brokerage firms, O-I Glass Inc's (OI, Financial) average brokerage recommendation is currently 2.3 For the complete transcript of the earnings call, please refer to the full earnings call transcript O-I Glass reported mixed first quarter 2025 results with adjusted earnings of $0.40 per share compared to $0.45 in Q1 2024 While reported earnings showed a loss of $0.10 per share the company achieved significant progress in its 'Fit to Win' strategy Despite restructuring charges of $80 million targeting $250 million in savings for 2025 and $650 million by 2027 The company expects significant free cash flow improvement to $150-$200 million in 2025 O-I Glass ha riportato risultati contrastanti nel primo trimestre 2025 con utili rettificati di $0,40 per azione rispetto a $0,45 nel Q1 2024 Sebbene gli utili riportati abbiano mostrato una perdita di $0,10 per azione l'azienda ha ottenuto progressi significativi nella sua strategia 'Fit to Win' Nonostante oneri di ristrutturazione per $80 milioni O-I Glass mantiene le sue aspettative per il 2025 puntando a risparmi per $250 milioni nel 2025 e $650 milioni entro il 2027 L'azienda prevede un significativo miglioramento del flusso di cassa libero O-I Glass reportó resultados mixtos en el primer trimestre de 2025 con ganancias ajustadas de $0.40 por acción en comparación con $0.45 en el Q1 de 2024 Aunque las ganancias reportadas mostraron una pérdida de $0.10 por acción la compañía logró un avance significativo en su estrategia 'Fit to Win' A pesar de cargos por reestructuración de $80 millones O-I Glass mantiene sus perspectivas para 2025 apuntando a ahorros de $250 millones para 2025 y $650 millones para 2027 La empresa espera una mejora significativa en el flujo de caja libre que aumentará a $150-$200 millones en 2025 O-I Glass는 2025년 1분기 실적에서 조정 주당순이익이 2024년 1분기 $0.45에서 $0.40로 혼조된 결과를 보고했습니다 회사는 'Fit to Win' 전략에서 $6100만 달러의 성과를 거두는 등 상당한 진전을 이뤘습니다 8천만 달러의 구조조정 비용에도 불구하고 O-I Glass는 2025년 전망을 유지하며 회사는 2024년 -1억 2800만 달러에서 2025년에는 1억 5천만~2억 달러로 현금흐름 개선을 기대하고 있습니다 O-I Glass a présenté des résultats mitigés pour le premier trimestre 2025 avec un bénéfice ajusté de 0,40 $ par action contre 0,45 $ au T1 2024 Bien que les bénéfices déclarés aient affiché une perte de 0,10 $ par action l'entreprise a réalisé des progrès significatifs dans sa stratégie 'Fit to Win' générant des avantages de 61 millions de dollars Malgré des charges de restructuration de 80 millions de dollars O-I Glass maintient ses perspectives pour 2025 visant des économies de 250 millions de dollars en 2025 et de 650 millions d'ici 2027 L'entreprise prévoit une amélioration significative du flux de trésorerie disponible passant de -128 millions de dollars en 2024 à 150-200 millions en 2025 O-I Glass meldete gemischte Ergebnisse für das erste Quartal 2025 mit bereinigten Gewinnen von $0,40 pro Aktie im Vergleich zu $0,45 im Q1 2024 Während die berichteten Gewinne einen Verlust von $0,10 pro Aktie zeigten erzielte das Unternehmen bedeutende Fortschritte bei seiner 'Fit to Win'-Strategie und erzielte Vorteile in Höhe von $61 Millionen Trotz Restrukturierungskosten von $80 Millionen hält O-I Glass an seiner Prognose für 2025 fest und strebt Einsparungen von $250 Millionen für 2025 und $650 Millionen bis 2027 an Das Unternehmen erwartet eine deutliche Verbesserung des freien Cashflows auf $150 bis $200 Millionen im Jahr 2025 O-I Glass reports mixed Q1 results with net loss but reaffirms strong 2025 guidance; cost-saving program exceeding targets amid regional performance divide O-I Glass delivered a mixed financial performance in Q1 2025 reporting a net loss of $0.10 per share (down from $0.45 earnings in Q1 2024) primarily due to $80 million in restructuring charges related to their strategic "Fit to Win" initiative adjusted earnings of $0.40 per share exceeded management's internal plan though still below last year's $0.45 The company's operational results show a tale of two regions: Americas segment operating profit surged 38% to $141 million while Europe declined 49% to $68 million resulting in total segment operating profit of $209 million (down from $235 million) Volume growth of 4.4% across both regions demonstrates healthy demand but Europe faced significant pricing pressures and temporary production curtailments to reduce inventory levels The "Fit to Win" initiative delivered $61 million in benefits during Q1 exceeding projections and showing solid progress toward their $250 million savings target for 2025 and $650 million by 2027 Management has reaffirmed its 2025 guidance of $1.20-$1.50 adjusted EPS (representing 50-85% growth from 2024) and $150-$200 million free cash flow (versus -$128 million in 2024) While the current restructuring costs are creating short-term pain they appear to be setting the foundation for improved future profitability management did highlight potential risks from "elevated uncertainty across the value chain related to changing global trade policies" that could impact performance O-I Glass's operational transformation showing early results despite regional disparities; strategic production curtailments addressing inventory imbalances amid tariff uncertainties O-I Glass's operational transformation strategy is gaining momentum with their "Fit to Win" initiative delivering $61 million in benefits in Q1 significantly outpacing internal projections This represents substantial early progress toward their ambitious targets of $250 million in savings for 2025 and $650 million cumulatively by 2027 The 4.4% volume growth across both regions indicates healthy underlying demand but manufacturing efficiency tells a different story between regions While Americas thrived with stable pricing and favorable cost structure Europe's operations faced significant headwinds from what appear to be tactical production decisions The temporary production curtailments in Europe were implemented specifically to address inventory imbalances—a necessary operational adjustment that caused short-term inefficiencies but addresses a critical supply chain concern The $80 million in restructuring charges represents the necessary investment to streamline operations and enhance competitiveness These one-time costs are funding operational improvements that are already yielding benefits as evidenced by the strong cost savings in Q1 A key operational concern highlighted by management is the potential disruption from "changing global trade policies." Tariff uncertainties could significantly impact production planning This external factor introduces complexity into their operational transformation that extends beyond their control The early results from "Fit to Win" suggest the operational roadmap is effective particularly in balancing European operations amid competitive pressures 2025 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE                                                           (“O-I”) (NYSE: OI) today reported financial results for the first quarter ended March 31 as our ‘Fit to Win’ strategy takes hold and we make significant progress towards becoming a more competitive and profitable company While reported earnings were down from the prior year primarily due to restructuring actions Shipments increased across both the Americas and Europe and we achieved $61 million in Fit To Win benefits which exceeded our projections This helped offset expected net price pressure and the impact of temporary production curtailments aimed at rebalancing inventory levels and we remain confident in achieving our savings targets of at least $250 million in 2025 and $650 million cumulatively by 2027," said Gordon Hardie “We are reaffirming our 2025 guidance and anticipate adjusted earnings will increase between 50 to 85 percent from 2024 levels and we are successfully managing the elements within our control This outlook may not fully reflect the potential impact of sustained elevated uncertainty across the value chain related to changing global trade policies.” we remain focused on executing our long-term value creation roadmap This will enhance our competitive position enable profitable growth and create substantial shareholder value,” concluded Hardie Net sales in the first quarter of 2025 were in-line with prior year period at $1.6 billion as approximately 4.4 percent sales volume growth (in tons) was offset by unfavorable foreign currency translation and lower average selling prices shipments were up approximately 3 percent and reflected softer demand recently amid uncertainty of new tariff policies Earnings before income taxes was $18 million in the first quarter of 2025 which was down from $117 million in the prior year period primarily due to items not considered representative of ongoing operations including $80 million of restructuring and asset impairment charges related to the Fit To Win initiative earnings before income taxes also reflected lower segment operating profit which was partially offset by lower retained corporate and other costs Segment operating profit was $209 million in the first quarter compared to $235 million in the same period of 2024 Retained corporate and other costs were $30 million down from $40 million in the first quarter of 2024 due to lower corporate spending Net interest expense totaled $81 million compared to $78 million in the prior year Net loss attributable to the company was $0.10 per share in the first quarter of 2025 compared to net earnings of $0.45 per share (diluted) in the prior year period Adjusted earnings were $0.40 per share (diluted) in the first quarter of 2025 compared to $0.45 earnings per share (diluted and no adjustments reported) in the prior year quarter The company anticipates 2025 adjusted EPS will be in the range of $1.20 to $1.50 per share representing a 50 to 85 percent increase from 2024 levels the company expects free cash flow of between $150 and $200 million in 2025 a significant improvement from the $128 million use of cash in 2024 Guidance primarily reflects the company’s current view on sales and production volume mix and working capital trends; it may not fully reflect the potential impact of tariffs on U.S O-I’s adjusted earnings outlook assumes foreign currency rates as of April 28 and a full-year adjusted effective tax rate of approximately 33 to 36 percent The earnings and cash flow guidance ranges may not fully reflect uncertainty in macroeconomic conditions and success in global profitability improvement initiatives among other factors.Conference Call Scheduled for April 30 O-I’s management team will conduct a conference call to discuss the company’s latest results on Wednesday, April 30, 2025, at 8:00 a.m. EDT A live webcast of the conference call, including presentation materials, will be available on the O-I website, www.o-i.com/investors A replay of the call will be available on the website for a year following the event In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, O-I wishes to notify investors, media, and other interested parties that it uses its website (www.o-i.com/investors) to publish important information about O-I including information that may be deemed material to investors or supplemental to information contained in this or other press releases The list of websites and social media channels that O-I uses may be updated on O-I’s media and website from time to time and other interested parties to review the information the company may publish through its website and social media channels as described above O-I’s second quarter 2025 earnings conference call is currently scheduled for Wednesday The company uses certain non-GAAP financial measures which are measures of its historical or future financial performance that are not calculated and presented in accordance with GAAP within the meaning of applicable SEC rules Management believes that its presentation and use of certain non-GAAP financial measures segment operating profit margin and adjusted effective tax rate provide relevant and useful supplemental financial information that is widely used by analysts and investors as well as by management in assessing both consolidated and business unit performance These non-GAAP measures are reconciled to the most directly comparable GAAP measures and should be considered supplemental in nature and should not be considered in isolation or be construed as being more important than comparable GAAP measures Adjusted earnings relates to net earnings (loss) attributable to the company exclusive of items management considers not representative of ongoing operations and other adjustments because such items are not reflective of the company’s principal business activity Adjusted earnings are divided by weighted average shares outstanding (diluted) to derive adjusted earnings per share Segment operating profit relates to earnings before interest expense and before income taxes and is also exclusive of items management considers not representative of ongoing operations as well as certain retained corporate costs and other adjustments Segment operating profit margin is calculated as segment operating profit divided by segment net sales Adjusted effective tax rate relates to provision for income taxes exclusive of items management considers not representative of ongoing operations and other adjustments divided by earnings before income taxes exclusive of items management considers not representative of ongoing operations and other adjustments segment operating profit margin and adjusted effective tax rate to evaluate its period-over-period operating performance because it believes these provide useful supplemental measures of the results of operations of its principal business activity by excluding items that are not reflective of such operations The above non-GAAP financial measures may be useful to investors in evaluating the underlying operating performance of the company’s business as these measures eliminate items that are not reflective of its principal business activity free cash flow relates to cash provided by operating activities less cash payments for property Management has historically used free cash flow to evaluate its period-over-period cash generation performance because it believes these have provided useful supplemental measures related to its principal business activity It should not be inferred that the entire free cash flow amount is available for discretionary expenditures since the company has mandatory debt service requirements and other non-discretionary expenditures that are not deducted from these measures Management uses non-GAAP information principally for internal reporting budgeting and calculating compensation payments The company routinely posts important information on its website – www.o-i.com/investors This press release contains “forward-looking” statements related to O-I Glass (“O-I Glass” or the “company”) within the meaning of Section 21E of the Securities Exchange Act of 1934 as amended (the “Exchange Act”) and Section 27A of the Securities Act of 1933 Forward-looking statements reflect the company’s current expectations and projections about future events at the time The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” “target,” “commit,” and the negatives of these words and other similar expressions generally identify forward-looking statements It is possible that the company’s future financial performance may differ from expectations due to a variety of factors including but not limited to the following: (1) the company’s ability to achieve expected benefits from cost management including expected impacts from production curtailments legal and competitive conditions in markets and countries where the company has operations including uncertainties related to economic and social conditions (3) cost and availability of raw materials energy and transportation (including impacts related to the current Ukraine-Russia and Israel-Hamas conflicts and disruptions in supply of raw materials caused by transportation delays) (4) competitive pressures from other glass container producers and alternative forms of packaging or consolidation among competitors and customers (5) changes in consumer preferences or customer inventory management practices (6) the continuing consolidation of the company’s customer base (7) the company’s ability to improve its glass melting technology and implement it in a manner to deliver economic profit within the timeframe expected in addition to successfully achieving key production and commercial milestones (8) unanticipated supply chain and operational disruptions (10) the failure of the company’s joint venture partners to meet their obligations or commit additional capital to the joint venture (12) the company’s ability to acquire or divest businesses integrate operations of acquired businesses and achieve expected benefits from acquisitions (13) the company’s ability to generate sufficient future cash flows to ensure the company’s goodwill is not impaired (14) any increases in the underfunded status of the company’s pension plans (15) any failure or disruption of the company’s information technology or those of third parties on which the company relies or any cybersecurity or data privacy incidents affecting the company or its third-party service providers (16) risks related to the company’s indebtedness or changes in capital availability or cost including interest rate fluctuations and the ability of the company to generate cash to service indebtedness and refinance debt on favorable terms (17) risks associated with operating in foreign countries (18) foreign currency fluctuations relative to the U.S (19) changes in tax laws or global trade policies (20) the company’s ability to comply with various environmental legal requirements (21) risks related to recycling and recycled content laws and regulations (22) risks related to climate-change and air emissions including related laws or regulations and increased ESG scrutiny and changing expectations from stakeholders and the other risk factors discussed in the company's filings with the Securities and Exchange Commission It is not possible to foresee or identify all such factors Any forward-looking statements in this document are based on certain assumptions and analyses made by the company in light of its experience and perception of historical trends and other factors it believes are appropriate in the circumstances Forward-looking statements are not a guarantee of future performance and actual results or developments may differ materially from expectations While the company continually reviews trends and uncertainties affecting the company’s results of operations and financial condition the company does not assume any obligation to update or supplement any particular forward-looking statements contained in this document Already have an account? Login The brokerage currently has an equal weight rating on the industrial products company's stock Other equities analysts have also recently issued research reports about the stock Bank of America boosted their price objective on shares of O-I Glass from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Monday Citigroup reduced their price target on shares of O-I Glass from $12.00 to $11.00 and set a "neutral" rating for the company in a research report on Monday Royal Bank of Canada reiterated an "outperform" rating and issued a $16.00 price objective on shares of O-I Glass in a research report on Monday Wells Fargo & Company decreased their target price on O-I Glass from $18.00 to $16.00 and set an "overweight" rating on the stock in a research note on Monday Truist Financial reaffirmed a "buy" rating and issued a $16.00 price target (up previously from $13.00) on shares of O-I Glass in a report on Thursday Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock the company has a consensus rating of "Moderate Buy" and an average price target of $15.50 Read Our Latest Stock Analysis on O-I Glass Shares of OI stock traded up $0.44 on Friday 1,637,066 shares of the stock were exchanged compared to its average volume of 1,574,410 The firm's 50 day moving average is $11.42 and its two-hundred day moving average is $11.53 O-I Glass has a one year low of $9.23 and a one year high of $14.15 The firm has a market capitalization of $2.05 billion a quick ratio of 0.70 and a debt-to-equity ratio of 3.78 O-I Glass (NYSE:OI - Get Free Report) last issued its earnings results on Tuesday The industrial products company reported $0.40 earnings per share for the quarter topping analysts' consensus estimates of $0.18 by $0.22 O-I Glass had a negative net margin of 1.62% and a positive return on equity of 8.27% The firm had revenue of $1.57 billion during the quarter compared to analyst estimates of $1.55 billion the business earned $0.45 earnings per share The company's quarterly revenue was up .4% on a year-over-year basis Sell-side analysts expect that O-I Glass will post 1.33 earnings per share for the current fiscal year Institutional investors and hedge funds have recently made changes to their positions in the business GAMMA Investing LLC boosted its stake in shares of O-I Glass by 79.3% during the first quarter GAMMA Investing LLC now owns 2,583 shares of the industrial products company's stock valued at $30,000 after purchasing an additional 1,142 shares during the period R Squared Ltd purchased a new stake in O-I Glass during the 4th quarter valued at $45,000 Sterling Capital Management LLC lifted its stake in O-I Glass by 807.2% in the fourth quarter Sterling Capital Management LLC now owns 4,881 shares of the industrial products company's stock worth $53,000 after acquiring an additional 4,343 shares during the period KBC Group NV boosted its holdings in O-I Glass by 42.5% in the fourth quarter KBC Group NV now owns 7,740 shares of the industrial products company's stock valued at $84,000 after acquiring an additional 2,309 shares in the last quarter New Age Alpha Advisors LLC bought a new position in O-I Glass in the 4th quarter worth $86,000 Institutional investors own 97.24% of the company's stock MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on.. While O-I Glass currently has a Moderate Buy rating among analysts top-rated analysts believe these five stocks are better buys View The Five Stocks Here Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools compiled during YT’s final year of university in 2023 blended the playful energy of new wave bounce with 2010s nostalgia and laced it with politically incorrect punchlines that usually wouldn’t leave the group chat builds on the jerk sound with compact flows that stutter like a skipping record yet glide like a figure skater The only misstep is when YT focuses too much on the thrill of success rather than the charm of his idiosyncrasies think her parents voted Brexit” on “Put Your Hands Up,” but they’re less frequent Now they’re getting replaced with rudimentary lines like “Mixed girl black and white like panda” and some of that hyperlocal appeal is diluted Stringing it all together is the trademark “Oi!” ad-lib a rallying cry with a long history in the UK punk scene; to signify his own work belongs in the same pantheon YT juxtaposes it with annoying streamer voiceovers CLICK HERE TO SUBSCRIBE TO THE TDN FOR FREE! Remember Ben with a gift to Thoroughbred aftercare Subscribe for FREE to the Daily PDF or the News Alerts Home » Archive » Top News Europe » Kizuna Colt Rises to the Occasion At Oi Natural Rise | Horsephotos/Tomoya Moriuchi Natural Rise (Jpn) (Kizuna {Jpn}) earned his first black-type badge with an open-length win in the Listed Haneda Hia the first leg of the Japan Dirt Triple Crown at Oi on Tuesday A winner of both a newcomer race at Sapporo last July and the Cattleya Stakes (Cond.) at Tokyo in November He bounced back with a victory in the Keihin Hai locally near the end of March the 3-10 favourite soon stalked in third as the field headed into the first turn Tossing his head and acting up on the backstretch Natural Rise had dead aim on the pacesetter Smile Mambo (Jpn) (Declaration Of War) and Janadriyah (Jpn) (Gold Dream {Jpn})  after the first six furlongs he soon brushed his rivals aside in early stretch sidled over to the rail and crossed the wire an easy winner Night Of Fire (Jpn) (Hokko Tarumae {Jpn}) closed to be second The first foal of the dual winner Lady Madonna Natural Rise is followed by a 2-year-old filly by Henny Hughes a yearling filly by Le Vent Se Leve (Jpn) and a Orfevre (Jpn) colt born this year The third dam is stakes winner and GII Silverbulletday Stakes third Rebridled Dreams (Unbridled's Song) the dam of four stakes winners including Grade I winners Carpe Diem (Giant's Causeway) and J and multiple graded winner Farrell (Malibu Moon) who was second in the GI La Troienne Stakes Not a subscriber? Click here to sign up for the daily PDF or alerts. Copy Article Link Editor / News Stories:editor@thetdn.com Advertising:advertising@thetdn.com Customer Service:customerservice@thetdn.com Click Here to sign up for a free subscription On May 2, 2025, Barclays, under the analysis of Michael Leithead, has updated its price target for O-I Glass (OI, Financial) The adjustment reflects a new price target of $14.00 USD The change represents a 7.69% increase in the price target. Despite this upward adjustment, Barclays maintains its current rating for O-I Glass (OI, Financial) at "Equal-Weight" Investors in O-I Glass (OI, Financial) a company listed on the New York Stock Exchange can now consider the revised target and rating in their investment strategies This update provides crucial insights into the stock's valuation potential as seen by Barclays the glass company shared updates on a strategy it launched last year portfolio transformation and growth opportunities Screenshot: New York Stock Exchange/YouTube Fit To Win benefits are expected to grow significantly this year The company noted $11 million in benefits from “initial network optimization” in 2024 and projects $100 million in 2025 as part of “Phase A” of the initiative Last October, the company said it was evaluating the closure of at least 7% of its total capacity by mid-2025 “Phase B” is slated to focus on cost transformation and organizational effectiveness senior paper and packaging analyst at Truist Securities noted in a memo to investors on Monday that O-I’s cost reset “should allow it to become more competitive and allow it to compete more effectively against other substrates such as beverage cans O-I notes that 38% of its portfolio currently competes with aluminum cans The role of glass has declined in the North American beer market given that a glass container’s unit cost is 20% to 30% higher than a can’s unit cost beer glass share is higher and “fairly stable,” with a lower unit cost Part of O-I’s vision involves shifting mix to more premium products like spirits or ready-to-drink cocktails which offer higher margins than products like mass beer the company intends to further realign its assets and specialize its plants as ~20-30% of plants currently are hybrid producing both premium and mainstream resulting in numerous changeovers and elevated costs,” Roxland noted O-I touted a new plant in Bowling Green, Kentucky strategically located around the “Bourbon Trail” to create premium spirits bottles But after opening in the second half of last year An analyst at Barclays, Michael Leithead, has elevated the price target for O-I Glass (OI, Financial) from $13 to $14 maintaining an Equal Weight stance on the stock This adjustment follows a strong performance in the first quarter attributed to improved volumes and efficient cost management there is some uncertainty ahead as volume trends for the second quarter appear to be slowing On May 1, 2025, Truist Securities reiterated its "Buy" rating on O-I Glass (OI, Financial) maintaining its positive outlook on the company emphasizing confidence in the stock's potential The investment firm increased the price target for O-I Glass (OI, Financial) This represents a significant upward adjustment from the previous target of $13.00 USD The decision to raise the price target reflects Truist Securities' optimistic view on O-I Glass (OI, Financial) and its anticipated performance Investors are advised to consider these updated insights when evaluating their investment strategies regarding O-I Glass (OI) Our #1 AI Stock Pick is on a steep discount - 29.99$ instead of 99.99$! Click here to access exclusive research O-I Glass, Inc. (NYSE:OI) Q1 2025 Earnings Call Transcript April 30 Operator: Hello everybody and welcome to the O-I Glass First Quarter 2025 Earnings Conference Call My name is Elliot and I’ll be your coordinator today [Operator Instructions] I’d like to hand over to Chris Manuel and welcome everyone to the O-I Glass first quarter 2025 earnings conference call Our discussion today will be led by Gordon Hardie Following prepared remarks we will host a Q&A session Presentation materials for today’s call are available on the company’s website Please review the safe harbor comments and disclosure of our use of non-GAAP financial measures included in those materials Now I’d like to turn the caller over to Gordon who will start on slide 3 and thank you for your interest in O-I Glass we will walk you through our first quarter of 2025 performance key market trends and outlook for the rest of the year I would like to take this opportunity to thank all my colleagues at O-I across the world for their efforts in this first quarter and for their agility and focus on driving the changes needed to turn O-I around Last night we reported first quarter adjusted earnings of $0.40 per share while down from last year results significantly exceeded our plan due to stronger than anticipated sale volume and fit to win benefits Market conditions have continued to gradually recover and our shipments increased by more than 4% compared to last year Additionally our Fit to Win program generated savings of $61 million which was a significant contributor to our better than expected results Strong demand and initiative benefits helped offset expected headwinds including lower net price and scheduled temporary production curtailments Looking at our business units segment operating profit improved significantly in the Americas reflecting healthier fundamentals and benefit from strategic initiatives results trended down giving lower net price and temporary production downtime which was partially mitigated by solid Fit to Win benefits we are off to a strong start this year and are successfully managing the elements within our control As such we are reaffirming our full year 2025 guidance and expect adjusted earnings to improve between 50% and 85% from 2024 John will discuss our outlook further including an initial view on how changing global trade policies could affect the business In summary then we are pleased with our year-to-date performance trend despite some anticipated lag in Europe and we aim to deliver robust financial performance throughout the year Let’s now turn to page four to discuss current market trends conditions continued to gradually improve and our shipments were up 4.4% in the first quarter Solid growth reflected some rebuilding of packaging inventories across the value chain benefits from recent contract negotiations supported by multi-year cost improvement plans and likely some advanced purchases ahead of new tariff policies Shipments were up more than 4% across the Americas Here we see inventory normalization overall as well as more structural demand improvements in Latin America together with the positive impact of some expanded contracts in North America Volumes increase in nearly all markets driven by a strong rebound in beer and spirits with solid growth in food Volumes grew nearly 4% in Europe driven by customer inventory rebuilding and some buying ahead of tariffs for export customers As with the Americas shipments increased in nearly all markets and categories with most growth coming from beer wine as well as food we are addressing excess capacity in Europe through temporary curtailments and we are in consultation with the European and local works councils These efforts should improve our competitive position and support profitable growth Shipment activity has been encouraging and our volumes are up about 3% year-to-date through April we’ve seen some softer demand amid elevated uncertainty of new tariff policies which may continue to impact near term shipments we are maintaining a cautious commercial outlook as well as our original sales volume guidance We will reassess our 2025 sales volume out of mid-year as trends evolve Let’s now turn to Page 5 and discuss progress on our Fit to Win program which aims to radically reduce total enterprise cost as well as optimize our entire network and value chain to support future profitable growth We generated $61 million in savings during the first quarter alone Momentum is building and we are confident that we will achieve our targets of $250 million in 2025 and $650 million cumulatively by 2027 Phase A of our Fit to Win program is focused on reshaping our SG&A structure and initial network realignment to meet current market needs seeks to fundamentally transform costs across the value chain including the implementation of our total organization effectiveness program we have now completed all actions required to secure a 100 million SG&A savings target in 2025 Initial network optimization actions are well underway and we are confident that we will achieve our 2025 goal Likewise additional efforts are in progress to achieve our 2027 targets We’ve also kicked off our Phase B initiatives the team has already made initial progress across several procurement programs as well as efforts to improve efficiency and reduce energy utilization our Total Organization Effectiveness program is ramping up nicely We successfully completed the pilot implementation at our Tijuana where we see significant performance improvements and lower inventory levels we will begin the broader roll out starting in May 2025 which should be completed by the end of 2026 many plants have initiated savings programs based on the TOE principles ahead of the formal rollout generating early savings our Fit to Win program is delivering strong benefits and we are making solid progress towards our savings target We are confident in our ability to achieve our goals enhance operational performance and are well positioned for continued success throughout the year who will review our first quarter performance and our 2025 outlook in more detail starting on Page 6 O-I reported first quarter adjusted earnings of $0.40 per share while down from last year Results surpassed management’s expectations due to stronger than anticipated sales volume growth and higher Fit to Win benefits adjusted earnings was down modestly from the prior year Single digit sales volume growth and significant Fit to Win benefits mostly offset anticipated headwinds including lower net price and ongoing temporary production curtailments to reduce inventory Looking to the right segment operating profit was up in the Americas and around $27 million of fit to win benefits reflecting competitive pressures and excess capacity We did incur about $58 million of unabsorbed fixed costs as we curtailed significant capacity to draw down inventories which was partially offset by $20 million of fit to win benefits as well as other savings results should improve in the second half of the year as inventory reduction activities moderate and we generate greater initiative benefits following current restructuring actions we have made very good progress on reducing inventory across the enterprise which is down around $225 million from the same time last year we are on track to meet or be below our year in 2025 target of less than 50 days IDS we’re off to a strong start this year results exceeded our expectations heading in the quarter and we are well-positioned for continued success throughout the year Let’s turn to Page 7 and discuss our business outlook We are reaffirming our full year 2025 guidance Adjusted earnings should range between $1.20 and $1.50 per share which represents a 50 to 85% improvement from fiscal year 2024 Significantly higher adjusted earnings should reflect ongoing efforts to enhance our operational performance we expect a significant rebound in free cash flow boosted by strong operating performance improvement and lower CapEx investment requirements We have also provided a directional sense of how our annual earnings will unfold by quarter our full year performance is currently tracking towards the high end of our earnings guidance range we are maintaining our original business outlook given the uncertainty related to new tariff policies which we will discuss further as we turn to Page 8 Changes in global trade policies will likely be disruptive in the short-term and may create both new challenges and opportunities which cannot be fully determined at this stage about 14% of our global sales volume crosses the border between the U.S This includes both empty and filled bottles We estimate that only 4.5% is currently exposed to new tariffs This primarily relates to imports of filled containers from Europe while most cross-border sales between the U.S. and Canada are exempt under the USMCA treaty As such we face a limited direct tariff exposure so far The bigger unknown is how elevated market uncertainty may impact the consumer and demand elasticity While we face a few challenges there are potential opportunities Glass is a local business and around 85% of the value chain is within 300 miles of the plant we do not rely on a global supply chain which is more exposed to tariffs Favorable substrate dynamics may emerge as there are currently sector-specific tariffs on aluminum Likewise domestic glass production is now significantly more competitive compared to imports from China given new tariffs OI has the largest glass network in the U.S. so we are well-positioned to take advantage of opportunities that emerge especially if consumption shifts to more domestic products over time policy changes have already led to sizable shifts in currency exchange rates that are helping improve earnings translation we are working with our partners in the value chain to mitigate risk and capture opportunities we continue to believe our best long-term strategy is to improve the competitive position of the company through Fit to Win who will conclude our discussion on Page 9 O-I is well positioned for a strong year ahead We expect our performance and earnings in 2025 will rebound from prior year levels as we implement our Fit to Win initiatives While changes in the global trade policies create uncertainties we are executing our long-term value creation road map as illustrated on the right and discussed at length during last month’s Investor Day these actions are largely within our control We are confident in our ability to achieve our goals deliver strong future financial performance and create shareholder value and we look forward to taking your questions [Operator Instructions] Our first question comes from George Staphos with Bank of America I guess the question that I have to start is can you talk a bit about any prebuy effects you’ve sort of touched on within Europe what kind of volume effect might that be that has to reverse itself in the back half of the year or whenever can you talk a little bit about some of the work you’re doing on TOE in Toronto and elsewhere and why that supports your overall Fit-to-Win goals So prebuy and then TOE and what you’re seeing in Toronto sales volume was up 4.4% in the first quarter We actually saw probably a fairly limited amount of that It was not the driver of the stronger volume in the quarter what we had seen is that our sales volumes were actually stronger in January and February So we believe that maybe some of the strength in March was there if volume was a $0.06 or so benefit in the quarter maybe there was a $0.01 or $0.02 in there associated with prebuying but it was not the driver of the stronger volume in the quarter So are we looking at negative volumes to get to a year-to-date growth rate of 3% from up 4% Or just maybe another kind of detail there Gordon Hardie: What I would say is while that’s not our base case view we are remaining cautious in the commercial outlook So we are maintaining our full year view of stable volume over for the year on a year-over-year basis so kind of flattish overall for the year that’s out of an abundance of caution on just the uncertainty on tariffs It’s certainly not the direction we hope things go And our business really isn’t exposed to tariffs there but we did see a little bit of decline in Europe and it was primarily in use categories and markets that we know are exposed to exports considering that about 40% of what we make in Europe ultimately gets exported It was kind of the wines and the spirits categories that we saw a little bit of softness in April we’ll update the as we get more visibility in this quarter and we’ll update and in at the half year With regard to the second part of your question there is there’s a process that we put each of the plants through in that there are performance opportunities identified and then we go and execute against those opportunities we have a very clear line of sight to 100% of the opportunities we identified and we’ve established the metrics the operating system validated some of our hypothesis we will begin the rollout across the whole fleet in waves And that’s a very structured kind of disciplined approach over the next 15 to 18 months So we’re very happy with the outcome of Toano and we expect similar results as we roll out the program across the whole fleet just mentioned Toano is one of your better plans over the years Operator: We now turn to Michael Roxland with Truist Securities And congrats on all the progress and nice quarter Michael Roxland: My first question is just on a follow-up to what George was asking about stricter volumes Can you give us a sense just in terms of the volume progress that you’re seeing by end market I just want to get a sense of the growth or the headwinds that you may be encountering in some of those end markets So any outlook you can share with respect to how early read on May for instance we saw strong volumes in the first quarter it was across most categories in each of the regions Spirits in the Americas actually had a very strong quarter up double digits for us as had RTDs Beer performed very strongly in the quarter Nonalcoholic beverages also performed strongly a bit of a comeback in low single digits in Europe Spirits were off in Europe of mid-single digits and RTDs which is a much smaller category in Europe was also slightly off there’s — we see kind of green shoots in a lot of the categories in a lot of the geographies coming back There’s certainly uncertainty out there regarding where all these tariff discussions are going to play out and that is causing consumer uncertainty as well So I think this quarter will be telling to see where everything lands and yeah that’s our view at the moment we’re sticking with our initial thinking at the start that it would be stable over the year Michael Roxland: That’s great Gordon you’re looking to streamline your French operations given the slowdown in wine is that a structural issue just related to French wines Does it relate to more mainstream wine brands versus let’s say premium products in terms of I think premiums being like top regions top brands So I get a sense of what you’re trying to do with your French operations and really what the driver is there in terms of the realignment it’s fitting assets to market opportunities we’re looking now at the portfolio and In terms of two streams mainstream and premium We see tremendous opportunities in premium across wine across spirits in France and so some of this is the realignment of the footprint to get ourselves ready to expand into premium as we go forward we’ll continue to invest strongly in France We have a big investment in Agencour which has gone live and is delivering to expectations We’re very happy with it and we will continue to invest in France which is a key market for wines and spirits economy wines have suffered some impact across the whole market but I think if you look through the cycle over the long term super premium spirits will continue to perform to perform strongly And that really is looking at the footprint and making sure we’re set up properly for that as we execute on what we laid out in our best of both strategy being the lowest cost producer in mainstream and best cost producer in premium So that really is the context for the operations review across Europe Operator: Our net question comes from Joshua Spector with UBS It’s Anojja Shah sitting in for Josh you mentioned tariffs on aluminum as an opportunity Have you seen signs of this yet with customers where this could potentially be a benefit like maybe you’re having introductory conversations about substrates or just any color on what you’re seeing there and how you think it might benefit you we did profile that overall glass containers in North America are at a higher cost than aluminum that’s 25% to 30% kind of differential and we believe we’ve seen shifts over to glass and we believe that the difference on the aluminum tariff side could impact that call it 5% 10% points against that 25% to 30% premium I think it’s a little early; some of the things are supply chain related So I would say just as we look at the back to the prepared comments the challenges we’ll probably see some of the broader market related areas probably over the shorter to medium-term and the opportunities section that we show on page 8 is probably something that unfolds a little bit more over time than what we’re seeing anyway if there’s increases in price in aluminum that helps close the GAAP a bit but that’s not a controllable for us And so what we’re focused on is getting our cost base into a position that we close the GAAP very significantly to cans and become more competitive to cans particularly in North America Driving those elements that are within our control and that really is our primary focus Tariffs for us isn’t uncontrollable and while it may help us over a short it’s not something we wish to rely on as we as we get fit Operator: We’ll now turn to Anthony Pettinari with Citi In Europe you have year-on-year headwinds for net price and then operating costs with the curtailments in one queue As you envision the year can you talk about maybe the cadence of how you’d expect those headwinds to trend and ultimately inflect over the four quarters of the year As we take a look at net price for the business it will be front and loaded this year so you saw the $37 million impact in the quarter It should be less than that in the second quarter and then be a relatively minor headwind for the business in the back half of the year That’s primarily because last year we had started to see a little bit of pricing pressure in the marketplace in the back half of last year So that will show a year over year moderation in that pressure point And then when it comes to the curtailment costs we believe that that also is going to be front-end loaded we’re trying to bring our inventories down to 50 days or lower We’re making good progress on that If you take a look at just the calculations and everything on a year-on-year basis the operating cost impact of that is it peaks in the first quarter will have some negative impact in the second quarter not to the same degree in the first quarter and by the back half of the year on a year-on-year basis that’s going to be a strong year-on-year headwinds against obviously weaker comps in the prior year So hopefully that gives you the cadence that you’re looking for you talked about tariff impacts and competitive intensity with aluminum can you talk about how fewer Chinese bottles how you’re seeing that impact the market this year Currently we’re not seeing a lot of impact because there does seem to have been quite a bit of pre-buying by importers and distributors So we see there’s a fair bit of stock in the market buyers may also look to see if there are other cheaper import markets such as India but so at the moment we’re not seeing a huge impact John Haudrich: One thing I would add Anthony is if we take a look at those opportunity sections and that tariff if those emerge those are kind of upsides to the — our baseline view of the business So those are opportunities that are not factored into our current outlook at all And what do you think those inventories potentially they run down by the summer Is it a few months or a few quarters or any framing there Operator: [Operator Instructions] We now turn to Arun Viswanathan with RBC Capital Markets So congrats on the strong progress thus far I guess maybe you can just review what you’re hearing from some of your customers on the spirit side in North America I know there’s been some volatility there I mean I guess globally as well that would be helpful as we work through these kind of uncertain times obviously we’re staying as close as we can to customers and working with them on maybe different scenarios and how we position capacity and I think there’s a bit of a wait and see over the next 60 days now And I think there has been last year maybe some shifting of product into different markets and we saw that a bit of that in January but no big structural decisions about onshoring capacity or onshoring bottling for example from Europe There people are talking about it but no actual moves on that and Neither do we see moves currently into from the US into Europe So I think we’re very much in a wait and see period and some of these decisions once you make them you’re long on that decision And then if tariff policies change people can be caught out of the position So I think it’s very much a wait and see at the moment John Haudrich: The one thing I would add on that what we had seen last year is that — that the spirits activity they were drawing down inventories and I think we’ve seen some normalization of that In fact our volumes in the first quarter and spirits were actually pretty good because people are beyond past that destocking phase and now we’re going into the obviously the uncertainty with tariffs Maybe just give us some thoughts on how you’re thinking about your energy hedges as it relates to natural gas as well as potentially you are sourcing of coal and soda ash if there’s anything we need to be mindful of on that side I’ll address the energy component of it So just a background we have very favorable energy long-term contracts that we set before the Russia-Ukraine war We’re highly covered and contracted through the balance of the year So as it stands for this year we’re in very good shape when it comes to energy Now going into next year 2016 and beyond we have been layering in over time some of our positions and contracts for the future some of those prices had had peaked up at the beginning of the year so we’re being judicious about that What I would point you back to Arun is back to our Investor Day about a month ago we kind of gave a longer-term view of from our bridge from today or at the end of 2024 to 2027 where we’re going to $1.45 billion of EBITDA included that in that outlook was our expected headwind for resetting of those long-term energy contracts and I would say that that view still holds So I think you can look back at that and even with the moving energy markets I think it’s still an appropriate outlook And with regard to raw materials generally as we’ve laid out as part of our strategy is a value chain approach to working differently both with customers on the front end but also working differently with suppliers on the back end And doing so in a way that strips waste and inefficiency out of – out of that part of the chain and we’re working very well with our key suppliers There’s tremendous focus on productivity plans and so we’re very happy with the progress we’re making there and in managing that that area of the value chain and the cost is far more tightly than heretofore So we feel we’re in good shape there Operator: [Operator Instructions] We now to turn to Gabe Hajde with Wells Fargo Securities I didn’t see you call out any sort of curtailments in the Americas I think I heard the word tightish across the production system Is that true across the specific geographies I know we’re going into the winter months but any discussion with your customers in terms of kind of cadence for the back half of the year John Haudrich: I can take the first part of that You did hear right overall there were no curtailments of any consequence in the Americas we’re very balanced in that in that particular marketplace we will continue to seek through GOE going forward Opportunities to improve capacity utilization but we’ve done most of the heavy lifting of the network initial network optimizations in the Americas we continue in Europe but we hope by mid-year maybe later part of summer we’ll be on the worst of the temporary procurement activity And the outlook for the rest of the year I think is largely more of the same in the Americas pricing stable and we expect that to kind of run through probably to the end of the year and those geographies for sure I think you kind of mentioned and I fully appreciate being cautious and pragmatic here given the macro but kind of if we were to free things today tracking towards the upper end of the range based on kind of what you expect through the first half I also know that you guys have talked about trying to reduce the volatility and earnings and produce closer to sell maybe not hang on to as much inventory I think I know Gordon you talked about that Is that where we would see the big swing factor And I think you also just mentioned not taking as many curtailments in the fourth quarter So is that the big swing factor and unknown as we sit today that could dictate higher end of the range because it seems like you guys got some visibility into the Q2 John Haudrich: I think it’s a fair observation Gabe The fourth quarter as you took a look at that that pie chart is the weakest quarter from an earnings — a quarterly earnings standpoint It is also the seasonally slowest period for a business given just the seasonality of our business and being predominantly northern hemisphere I think there is again line of sight is better in the second and third and a little bit more cautious in the fourth quarter the fourth quarter is also an active period sometimes you don’t depending on the activity our earnings are very sensitive to tax rates especially in those softer periods and seasonally softer periods So to the degree that we’re at the higher end of the range and the tariff challenges don’t manifest themselves to materially impact the business I think you could see the fourth quarter being a little bit better Operator: [Operator Instructions] We have no further questions So I’ll now hand back to Chris Manuel for any final remarks our second quarter call is currently scheduled for Wednesday make it a memorable moment by choosing safe We’d like to thank you for your participation 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(NYSE:OI - Get Free Report) gapped up before the market opened on Wednesday following a stronger than expected earnings report The industrial products company reported $0.40 EPS for the quarter The company had revenue of $1.57 billion during the quarter compared to analysts' expectations of $1.55 billion O-I Glass's revenue for the quarter was up .4% on a year-over-year basis Several analysts recently issued reports on the stock Truist Financial restated a "buy" rating and issued a $16.00 price objective (up from $13.00) on shares of O-I Glass in a report on Thursday Royal Bank of Canada restated an "outperform" rating and issued a $16.00 price target on shares of O-I Glass in a research note on Monday Bank of America increased their price objective on O-I Glass from $14.00 to $15.00 and gave the company a "buy" rating in a research note on Monday Barclays lifted their price objective on O-I Glass from $13.00 to $14.00 and gave the company an "equal weight" rating in a research note on Friday Citigroup cut their price target on shares of O-I Glass from $12.00 to $11.00 and set a "neutral" rating on the stock in a report on Monday Three research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company O-I Glass currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.50 Read Our Latest Report on OI Institutional investors have recently added to or reduced their stakes in the business Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of O-I Glass by 2.2% in the 4th quarter Mitsubishi UFJ Trust & Banking Corp now owns 42,900 shares of the industrial products company's stock worth $465,000 after acquiring an additional 916 shares in the last quarter GAMMA Investing LLC boosted its position in O-I Glass by 79.3% during the first quarter GAMMA Investing LLC now owns 2,583 shares of the industrial products company's stock valued at $30,000 after buying an additional 1,142 shares during the period SummerHaven Investment Management LLC grew its stake in shares of O-I Glass by 1.6% in the first quarter SummerHaven Investment Management LLC now owns 75,226 shares of the industrial products company's stock worth $863,000 after purchasing an additional 1,204 shares during the last quarter boosted its position in O-I Glass by 9.6% during the 4th quarter now owns 16,152 shares of the industrial products company's stock valued at $175,000 after acquiring an additional 1,410 shares in the last quarter Corient Private Wealth LLC raised its stake in O-I Glass by 13.4% during the fourth quarter Corient Private Wealth LLC now owns 16,544 shares of the industrial products company's stock valued at $179,000 after buying an additional 1,954 shares during the last quarter 97.24% of the stock is owned by institutional investors The stock has a market capitalization of $2.05 billion a current ratio of 1.15 and a debt-to-equity ratio of 3.78 The business has a fifty day moving average price of $11.42 and a 200-day moving average price of $11.53 Looking to profit from the electric vehicle mega-trend Enter your email address and we'll send you our list of which EV stocks show the most long-term potential O-I Glass has announced a strategic transformation initiative called 'Fit to Win' in France responding to significant market challenges including a wine market slowdown The company has initiated consultation with employee representatives regarding potential operational adjustments at multiple plants: These changes could result in a net impact of approximately 320 positions The company plans a multi-million Euro investment in French plants as part of its 2025 capital plan aiming to strengthen its position in France O-I Glass ha annunciato un'iniziativa di trasformazione strategica chiamata 'Fit to Win' in Francia in risposta a significative sfide di mercato tra cui il rallentamento del mercato del vino l'eccesso di capacità e la forte concorrenza L'azienda ha avviato consultazioni con i rappresentanti dei dipendenti riguardo a potenziali aggiustamenti operativi in diversi stabilimenti: Questi cambiamenti potrebbero avere un impatto netto di circa 320 posti di lavoro L'azienda prevede un investimento di milioni di Euro negli stabilimenti francesi come parte del suo piano di capitale per il 2025 con l'obiettivo di rafforzare la propria posizione in Francia O-I Glass ha anunciado una iniciativa de transformación estratégica llamada 'Fit to Win' en Francia en respuesta a importantes desafíos del mercado incluyendo una desaceleración en el mercado del vino La empresa ha iniciado consultas con representantes de los empleados sobre posibles ajustes operativos en varias plantas: Estos cambios podrían resultar en un impacto neto de aproximadamente 320 puestos de trabajo La empresa planea una inversión de varios millones de euros en las plantas francesas como parte de su plan de capital para 2025 con el objetivo de fortalecer su posición en Francia O-I Glass는 프랑스에서 'Fit to Win'이라는 전략적 변혁 이니셔티브를 발표하며 회사는 여러 공장에서의 잠재적인 운영 조정에 대해 직원 대표와 상담을 시작했습니다: 회사는 2025년 자본 계획의 일환으로 프랑스 공장에 수백만 유로를 투자할 계획이며 O-I Glass a annoncé une initiative de transformation stratégique appelée 'Fit to Win' en France y compris un ralentissement du marché du vin L'entreprise a engagé des consultations avec les représentants des employés concernant d'éventuels ajustements opérationnels dans plusieurs usines : Ces changements pourraient entraîner un impact net d'environ 320 postes L'entreprise prévoit un investissement de plusieurs millions d'euros dans les usines françaises dans le cadre de son plan de capital pour 2025 O-I Glass hat eine strategische Transformationsinitiative mit dem Namen 'Fit to Win' in Frankreich angekündigt um auf erhebliche Marktherausforderungen zu reagieren einschließlich einer Verlangsamung des Weinmarktes Das Unternehmen hat Gespräche mit den Arbeitnehmervertretern über mögliche betriebliche Anpassungen in mehreren Werken aufgenommen: Diese Änderungen könnten einen Nettobeitrag von etwa 320 Stellen zur Folge haben Das Unternehmen plant eine Investition in Höhe von mehreren Millionen Euro in französische Werke im Rahmen seines Investitionsplans für 2025 O-I's Fit to Win initiative represents a textbook restructuring response to structural overcapacity in the French glass market The targeted operational adjustments across multiple facilities (Gironcourt Reims) combined with the potential furnace shutdown at Vayres and possible Vergèze plant closure follow classic capacity rationalization strategy The net reduction of approximately 320 positions is relatively modest considering the scope of restructuring suggesting targeted efficiency improvements rather than drastic downsizing What's noteworthy is O-I's balanced approach – cutting capacity while simultaneously planning multi-million Euro investments in remaining French operations This dual strategy indicates O-I is optimizing its manufacturing footprint rather than retreating from the market Glass manufacturing economics depend heavily on capacity utilization rates – operating furnaces at higher utilization improves unit economics significantly O-I can potentially improve margins while maintaining necessary production volume The company's focus on increasing agility and flexibility suggests potential manufacturing process improvements beyond simple capacity reduction This could involve modernizing remaining facilities to handle more diverse product runs with faster changeovers – essential capabilities in today's more fragmented beverage market where batch sizes are decreasing while SKU counts rise O-I's strategic restructuring in France represents a necessary response to persistent market headwinds in a key European market The French wine industry's slowdown creates a direct volume impact for glass packaging forcing this capacity rationalization to align supply with reduced demand O-I will likely incur one-time restructuring charges related to severance these should be partially offset by the planned multi-million Euro investments which qualify under their previously announced 2025 capital plan (suggesting these expenditures were already factored into guidance) this restructuring should improve capacity utilization rates across remaining French operations enhancing fixed-cost absorption and operating margins The focus on making glass "more competitive" indicates a strategic emphasis on cost structure improvement rather than merely downsizing reducing industry overcapacity should eventually support healthier pricing dynamics The 320 position reduction represents meaningful but manageable workforce optimization that should yield sustainable labor cost benefits Given the challenging market conditions described these moves appear prudent rather than reactive demonstrating management's willingness to make difficult decisions to preserve long-term competitiveness in a strategic market facing structural challenges 2025 (GLOBE NEWSWIRE) -- -- Over the past few years the glass market in France has been considerably challenged primarily due to a slow-down in the wine market combined with overcapacity and strong competition has prompted the company to consider additional actions to improve its long-term competitiveness To face these challenges and adapt to an increasingly complex market aimed at ensuring the sustainability of its business in the long-term and improving the agility and flexibility of its operations to make glass more competitive and widely available the company has initiated an information and consultation process with its European and French employee representatives The consultation focuses on possible operational adjustments at its plants in Gironcourt and the potential cessation of production of one furnace at its plant in Vayres the potential closure of the Vergèze plant and the potential resizing of administrative functions at its French headquarters The company is also considering a multi-million Euro investment in its French plants in line with its previously announced 2025 capital plan The company expects these investments in its French plants will support the development of the use of glass and strengthen O-I's position as a major player and employer in France which remains a strategic market for the company The actions under consideration could potentially result in a net impact of approximately 320 positions The company intends to carry out any such plan transparently and responsibly for any potentially impacted employees and in consultation with the various representative bodies and relevant authorities It is possible that the Company’s future financial performance may differ from expectations due to a variety of factors including economic and competitive conditions in markets and countries where the company has operations and the other risk factors discussed in the Company's filings with the Securities and Exchange Commission Any forward-looking statements in this document are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends While the Company continually reviews trends and uncertainties affecting the Company’s results of operations and financial condition the Company does not assume any obligation to update or supplement any particular forward-looking statements contained in this document Shares of O-I Glass, Inc. (NYSE:OI - Get Free Report) have received a consensus rating of "Moderate Buy" from the eight analysts that are covering the firm, Marketbeat reports Two research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company The average 12 month price target among brokers that have covered the stock in the last year is $15.50 A number of research firms have issued reports on OI Citigroup cut their price target on O-I Glass from $12.00 to $11.00 and set a "neutral" rating for the company in a research note on Monday Royal Bank of Canada reaffirmed an "outperform" rating and issued a $16.00 target price on shares of O-I Glass in a report on Monday Truist Financial reissued a "buy" rating and issued a $16.00 target price (up previously from $13.00) on shares of O-I Glass in a report on Thursday Barclays upped their target price on shares of O-I Glass from $13.00 to $14.00 and gave the stock an "equal weight" rating in a research report on Friday Bank of America boosted their price target on shares of O-I Glass from $14.00 to $15.00 and gave the stock a "buy" rating in a research note on Monday Get Our Latest Report on O-I Glass Shares of O-I Glass stock traded up $0.04 on Wednesday The company's stock had a trading volume of 57,474 shares compared to its average volume of 1,568,525 O-I Glass has a 52 week low of $9.23 and a 52 week high of $14.15 The firm's fifty day simple moving average is $11.42 and its two-hundred day simple moving average is $11.53 The company has a market capitalization of $2.05 billion O-I Glass (NYSE:OI - Get Free Report) last announced its quarterly earnings results on Tuesday During the same period in the previous year the business posted $0.45 earnings per share The business's revenue for the quarter was up .4% on a year-over-year basis Equities analysts anticipate that O-I Glass will post 1.33 earnings per share for the current year Large investors have recently made changes to their positions in the company raised its holdings in shares of O-I Glass by 18.0% in the third quarter now owns 619,643 shares of the industrial products company's stock worth $8,130,000 after buying an additional 94,671 shares during the period grew its stake in O-I Glass by 112.8% in the 4th quarter now owns 93,174 shares of the industrial products company's stock worth $1,010,000 after acquiring an additional 49,383 shares in the last quarter raised its position in O-I Glass by 57.1% during the 4th quarter now owns 139,302 shares of the industrial products company's stock valued at $1,510,000 after purchasing an additional 50,641 shares in the last quarter Barclays PLC grew its position in shares of O-I Glass by 349.3% during the 3rd quarter Barclays PLC now owns 261,161 shares of the industrial products company's stock worth $3,427,000 after buying an additional 203,037 shares in the last quarter Amundi increased its stake in shares of O-I Glass by 212.9% during the fourth quarter Amundi now owns 95,302 shares of the industrial products company's stock valued at $996,000 after buying an additional 64,844 shares during the period 97.24% of the stock is owned by hedge funds and other institutional investors and CFO were all selling shares of their stock MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning Complete the form below to see which companies made the list The company will bring together energy efficiency technologies to upgrade furnace infrastructure reducing carbon intensity by as much as 40% O-I called the collaboration with DOE’s Industrial Demonstrations Program “a key enabler” of the project This decarbonization program is backed by $6.3 billion in funding through 2021’s Infrastructure Investment and Jobs Act and 2022’s Inflation Reduction Act The total federal cost share for O-I’s project could end up being $56.6 million “This first-of-its-kind furnace rebuild project is designed to combine five cutting-edge furnace technologies intended to reduce waste heat, improve energy efficiency, and curtail direct and indirect emissions,” O-I said. Across the company, O-I is targeting a 10% reduction in total GHG emissions by 2025 According to a project fact sheet shared by DOE the project “could demonstrate the commercial feasibility and functionality of combining multiple decarbonizing technologies that could be replicated across different glass colors and container types.” The company added that it’s “committed to close collaboration with our suppliers and customers to sustainably transform the packaging industry.” Wednesday’s news follows DOE’s announcement last March of 33 program beneficiaries O-I was awarded federal cost share of up to $125 million to rebuild four furnaces across facilities in Tracy O-I estimated the projects could each support up to 300 construction jobs Across the packaging industry, some company executives are concerned that federal infrastructure funding could lessen during the Trump administration others think potential tax breaks or incentives could support equipment purchases O-I said it was evaluating the closure of at least 7% of its total capacity by mid-2025 The company reported a net loss in Q3 after curtailing an estimated 18% of production amid destocking trends It also reported the opening of a new manufacturing facility in Kentucky Monday - Friday 9am-12pm / 2pm-6pm GMT + 1 All financial news and data tailored to specific country editions Follow the flames. Oi Man Sang, a restaurant in Hong Kong can be located by the fire and smoke that emerges from its streetside Restaurants like this were once common in Hong Kong Hong Kong’s health department started banning them refusing to offer the “big license” (the eponymous dai pai) that permitted them to operate on the street and today Oi Man Sang is one of an estimated 17 dai pai dong still operating in the territory making it quite possibly Hong Kong’s oldest remaining dai pai dong here fueled by kerosene (Oi Man Sang is also most likely the only kitchen in Hong Kong still using the fuel) Jet fuel produces an intense heat that requires only a few seconds of cooking.  Despite having a mere two woks at their disposal the kitchen crew at Oi Man Sang manages to serve hundreds of diners known for his uniform of monochromatic athletic wear and his willingness to pose for selfies between dishes Servers run dishes from the wok station to tables that seem to stretch around the entire block and that inhabit open-air covered rooms and alleyways as well as on the street—if cars aren’t already parked there.  Grab a queue number and watch the show at the wok station while you wait for your table but lots of locals still eat there as well Highlights include the stir-fried beef filet and potatoes in black pepper sauce and stir-fried razor clams with chile and black bean sauce Despite the rustic nature of the restaurant ordering can be done entirely on your phone Don't be surprised if you run into some of Oaxaca's top chefs in line at this family-run taco stop Try Thailand’s distinctive take on Hainanese chicken rice at the source Fill your car with gas and your belly with mouthwatering Cuban cuisine at this takeaway inside a Citgo station This steamed rice crepe specialist has been rolling up its namesake dish for over 30 years Catch rising stars of Appalachia’s music scene before they make it big at this restaurant and community hub Dine in a former general store from the Roaring Twenties The troubled Brazilian telco also shifted its pay-TV business last week as part of another sale Brazilian telco Oi has finalized the sale of its fiber optic business to V.tal for R$5.71 billion ($980 million) Valor International reports that the deal will be carried out through the settlement of debentures issued by Oi Oi has been looking to sell its fiber assets for some time, with Telefónica previously reported as a contender to snap up the unit Oi confirmed the sale of its pay-TV unit to Mileto Tecnologia for R$30m ($5.2m) Oi has more than 572,000 pay-TV subscribers representing around 6.4 percent of the market Oi's financial struggles date back many years. Founded in 1998 and formerly known as Telemar, Oi filed for bankruptcy back in 2016 with debts of R$65bn (US$19bn) and has been looking to sell its biggest assets since The company was put in what was then Brazil's biggest-ever bankruptcy protection the company has been able to shrink that debt which is thought to still be around $4.2bn Its mobile business was sold for R$16.5bn ($3.23bn) back in 2020 and split between Brazil's three big mobile operators TIM In July 2023, Oi completed the sale of 8,000 telecom towers to Digital Bridge's Highline, while in October the telco agreed to sell selected telecom tower and property assets to American Tower Brazil The latter deal is expected to bring in R$41 million ($7.5m) for the company The company only exited bankruptcy protection in December 2022 Data Centre Dynamics Ltd (DCD), 32-38 Saffron Hill, London, EC1N 8FH Email. [email protected]DCD is a subsidiary of InfraXmedia O-I Glass (NYSE: OI) has successfully completed a groundbreaking trial at its Harlow using 100% biofuel to replace natural gas in glass-making furnaces part of the UK government's 'Net Zero Innovation Portfolio' program demonstrated significant CO2 footprint reduction in amber bottle production through a combination of biofuel and advanced technologies The trial achieved success by implementing:Cullet pre-heating technology88% cullet usage throughout the trialOxy-fuel furnace operation which generated revenues of $6.5 billion in 2024 views this achievement as a potential scalable solution pending sufficient biofuel availability and feasible costs represents O-I's commitment to decarbonizing glassmaking and advancing sustainable packaging solutions across its 69 plants in 19 countries O-I Glass (NYSE: OI) ha completato con successo un trial innovativo presso il suo stabilimento di Harlow utilizzando biocarburante al 100% per sostituire il gas naturale nei forni per la produzione di vetro parte del programma 'Net Zero Innovation Portfolio' del governo del Regno Unito ha dimostrato una significativa riduzione dell'impronta di CO2 nella produzione di bottiglie di vetro ambrate grazie a una combinazione di biocarburante e tecnologie avanzate Il trial ha avuto successo implementando:tecnologia di pre-riscaldamento del culletutilizzo dell'88% di cullet durante il trialoperazione del forno a ossigeno che ha generato ricavi di 6,5 miliardi di dollari nel 2024 considera questo risultato come una potenziale soluzione scalabile a condizione che ci sia sufficiente disponibilità di biocarburante e costi sostenibili condotta in collaborazione con Glass Futures rappresenta l'impegno di O-I nella decarbonizzazione della produzione di vetro e nel progresso di soluzioni di imballaggio sostenibili attraverso i suoi 69 impianti in 19 paesi O-I Glass (NYSE: OI) ha completado con éxito una prueba innovadora en su planta de Harlow utilizando biocombustible al 100% para reemplazar el gas natural en los hornos de fabricación de vidrio parte del programa 'Net Zero Innovation Portfolio' del gobierno del Reino Unido demostró una reducción significativa de la huella de CO2 en la producción de botellas de vidrio ámbar mediante una combinación de biocombustible y tecnologías avanzadas La prueba fue exitosa al implementar:tecnología de precalentamiento de culletuso del 88% de cullet durante la pruebaoperación de horno de oxígeno que generó ingresos de 6.5 mil millones de dólares en 2024 ve este logro como una solución escalable potencial siempre que haya suficiente disponibilidad de biocombustible y costos viables liderada en colaboración con Glass Futures representa el compromiso de O-I con la descarbonización de la fabricación de vidrio y el avance de soluciones de embalaje sostenibles en sus 69 plantas en 19 países O-I Glass (NYSE: OI)는 영국 하로우에 있는 공장에서 100% 바이오 연료를 사용하여 유리 제조 용광로의 천연 가스를 대체하는 혁신적인 시험을 성공적으로 완료했습니다 이 시험은 영국 정부의 'Net Zero Innovation Portfolio' 프로그램의 일환으로 바이오 연료와 첨단 기술의 조합을 통해 호박색 병 생산에서 CO2 배출량을 크게 줄였음을 보여주었습니다 시험은 다음과 같은 방법으로 성공을 거두었습니다:컬렛 예열 기술시험 기간 동안 88%의 컬렛 사용산소 연료 용광로 운영 2024년에 65억 달러의 수익을 올린 이 회사는 충분한 바이오 연료의 가용성과 합리적인 비용이 뒷받침된다면 이 성과를 확장 가능한 솔루션으로 보고 있습니다 Glass Futures와의 협력으로 진행된 이 이니셔티브는 O-I의 유리 제조 탈탄소화와 19개국 69개 공장에서 지속 가능한 포장 솔루션을 발전시키려는 의지를 나타냅니다 O-I Glass (NYSE: OI) a réussi à mener un essai révolutionnaire dans son usine de Harlow en utilisant 100 % de biocarburant pour remplacer le gaz naturel dans les fours de fabrication de verre qui fait partie du programme 'Net Zero Innovation Portfolio' du gouvernement britannique a démontré une réduction significative de l'empreinte carbone dans la production de bouteilles en verre ambré grâce à une combinaison de biocarburant et de technologies avancées L'essai a réussi grâce à la mise en œuvre de :technologie de préchauffage du culletutilisation de 88 % de cullet pendant l'essaifonctionnement de four à oxygène qui a généré des revenus de 6,5 milliards de dollars en 2024 considère cette réalisation comme une solution potentiellement évolutive sous réserve d'une disponibilité suffisante de biocarburant et de coûts viables représente l'engagement d'O-I en faveur de la décarbonisation de la fabrication du verre et de l'avancement de solutions d'emballage durables dans ses 69 usines réparties dans 19 pays O-I Glass (NYSE: OI) hat erfolgreich einen bahnbrechenden Versuch in seinem Werk in Harlow bei dem 100% Biokraftstoff verwendet wurde um Erdgas in Glasproduktionsöfen zu ersetzen Teil des 'Net Zero Innovation Portfolio'-Programms der britischen Regierung zeigte eine signifikante Reduzierung des CO2-Fußabdrucks in der Produktion von bernsteinfarbenen Flaschen durch eine Kombination aus Biokraftstoff und fortschrittlichen Technologien Der Versuch war erfolgreich durch die Implementierung von:Technologie zur Vorwärmung von Cullets88% Cullets-Nutzung während des VersuchsBetrieb von Sauerstoffbrennern das im Jahr 2024 6,5 Milliarden US-Dollar Umsatz generierte sieht diesen Erfolg als potenziell skalierbare Lösung es gibt genügend Verfügbarkeit von Biokraftstoff und tragbare Kosten die in Partnerschaft mit Glass Futures geleitet wird stellt O-Is Engagement für die Dekarbonisierung der Glasherstellung und die Förderung nachhaltiger Verpackungslösungen in seinen 69 Werken in 19 Ländern dar O-I Glass's successful biofuel trial represents a significant technical milestone in glass manufacturing decarbonization efforts The combined approach—utilizing 100% biofuel with cullet pre-heating and oxy-fuel furnace technology—demonstrates a sophisticated multi-faceted strategy for emissions reduction What makes this achievement particularly noteworthy is overcoming the technical challenges of replacing natural gas entirely with biofuel at industrial scale Glass manufacturing requires precisely controlled high temperatures (typically 1500-1600°C) and maintaining consistent production quality while changing fuel sources is technically complex the company's careful language about implementation being contingent on biofuel availability "in sufficient quantities and at a feasible cost" highlights the current practical limitations Biofuel supply chains remain underdeveloped for industrial applications of this scale and cost premiums persist compared to natural gas While the environmental benefits are clear this represents an incremental rather than revolutionary advancement within glass manufacturing's sustainability journey The company has proven technical feasibility without yet demonstrating economic viability at scale across their global operations glass manufacturing typically produces 0.6-0.8 tonnes of CO2 per tonne of glass produced A significant reduction in this carbon intensity could substantially impact O-I's overall emissions profile especially considering their global production volume This biofuel trial positions O-I Glass favorably within the increasingly ESG-conscious packaging sector As a $6.5 billion revenue company operating 69 plants across 19 countries O-I's scale means even incremental sustainability improvements can yield meaningful absolute emissions reductions The strategic value lies in three areas: regulatory preparedness European carbon pricing mechanisms and regulations increasingly penalize carbon-intensive manufacturing making decarbonization technologies potential regulatory cost avoidance measures Major beverage brands—O-I's primary customers—have established aggressive packaging sustainability targets making supplier environmental performance increasingly procurement-relevant the announcement lacks quantification of implementation costs The careful language about waiting for biofuels to become available "at a feasible cost" signals economic hurdles remain substantial This development should be viewed within O-I's broader competitive context O-I faces margin pressures from alternative packaging materials and sustainability expectations This innovation helps defend glass's inherent sustainability advantage (infinite recyclability) while addressing its primary environmental weakness (energy-intensive production) this represents a prudent strategic position rather than a transformative breakthrough—O-I is demonstrating technological readiness without committing to potentially uneconomical near-term investments 100% biofuelSuccessfully demonstrated the technical viability of using biofuel at scaleTrial was part of the UK government's "Net Zero Innovation Portfolio" program  PERRYSBURG (“O-I Glass” or “O-I”) has recently successfully completed a groundbreaking trial in its plant in Harlow using 100% biofuel to replace natural gas in the furnace for the glass-making process This achievement is part of a larger initiative led by Glass Futures and part of the UK government’s “Net Zero Innovation Portfolio” program aimed at exploring sustainable fuel options for the industry in the UK 88% cullet usage throughout the entire trial period the Harlow plant achieved a significant reduction in the CO2 footprint for the amber bottles produced.Technical Viability: The trial at O-I's Harlow plant has demonstrated the potential for using biofuel on a large scale This successful trial indicates that O-I could implement this solution when biofuels become available in sufficient quantities and at a feasible cost for full-scale production “Our participation in this program 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.” said Randy Burns Chief Administrative & Sustainability Officer for O-I “Glass is already recognized as the ideal sustainable packaging material and our job is to integrate innovative approaches with efficient processes to further decarbonize glassmaking we aim to contribute to a more sustainable and economically viable future for the entire industry.” This project underscores O-I's dedication to continually innovate and unlock new sustainability opportunities The company detailed an optimization plan in July O-I has disclosed multiple furnace closures impacting hundreds of employees and a Q3 charge related to Q4 severance payouts O-I Glass has approved a severance program related to cost-cutting, primarily in its Americas segment, the company said in a securities filing late Wednesday. It’s part of the company’s optimization plan detailed in July, dubbed Fit to Win which aims to reduce redundant capacity in O-I’s network The glass container maker anticipates an associated $21 million charge in the third quarter though most cash severance expenditures will be paid in the fourth quarter The severance program is “expected to reduce future selling general and administrative costs in the Americas segment as well as reduce retained corporate and other costs not allocable to the Company’s reportable segments,” according to the filing An O-I spokesperson did not comment on whether this severance program is related to O-I’s disclosure in September that it approved the closure of four furnaces in the Americas segment O-I also declined to provide additional details on the whereabouts of those furnaces Those were expected to close within the next six months O-I said existing customers of the impacted plants would be served by the same plant or other plants in O-I’s network The company said those closures would likely prompt a $20 million charge in Q3: $14 million related to impairment of plant-related assets like furnaces and machinery and $6 million for one-time employee separation benefits and other costs related to the closings O-I also said in the September filing that more furnace closures and other restructuring actions were expected later in 2024 O-I’s new CEO Gordon Hardie discussed the Fit to Win “competitiveness” initiative on the company’s most recent earnings call in July which he said involved conducting an “end-to-end supply chain review.” “Fit to Win is not just another cost-out initiative,” he said at the time “It will fundamentally reshape our company.” Hardie said O-I would close at least six furnaces O-I is scheduled to release third-quarter results on Oct RBC Capital Markets analysts said they “expect an inline report from OI and while glass volumes remain weak (esp we believe earnings are at trough levels,” per a Q3 packaging sector earnings preview on Thursday we gained confidence in its Fit To Win strategy that OI thinks could contribute $300M of non-volume dependent SG&A and footprint savings resulting in 2027 EBITDA of $1.45B from $1.15B in 2024,” RBC analysts wrote In the past two years, other areas where O-I has cut jobs include Portland, Oregon, and Waco, Texas Subscribe to the Packaging Dive free daily newsletter The company has teased multiple closures since Gordon Hardie took over as CEO but previously had shared few specifics on locations and idling its innovation center in Perrysburg Shaw Local reported that the Streator factory will cease commercial operations on or after Nov. 18, impacting 152 employees, some of whom are represented by United Steelworkers unions. Streator is one of 17 total United States locations listed in O-I’s Americas segment O-I Glass has teased multiple furnace closures since new CEO Gordon Hardie announced a “competitiveness” program, dubbed Fit to Win Hardie said six furnace closures would happen over the next three quarters the company had not shared specifics about locations The company has shared updates in a series of securities filings this fall, including one late Tuesday. O-I said it finalized plans to close a furnace in the Americas segment The date and number of workers impacted that O-I specified are consistent with the Streator report The company said that existing customers will be served by other domestic O-I plants O-I anticipates a $39 million charge on its Q3 balance sheet associated with the closure which includes $24 million for impairment of plant-related assets and $15 million for employee separation and closing costs This follows a Sept. 4 filing from O-I Glass reporting it approved the closure of four furnaces including a single-furnace plant in the Americas segment impacting approximately 200 employees — altogether resulting in a $20 million charge in Q3 An O-I spokesperson said this week’s filing “is action related to” the early September filing but did not say whether the $39 million charge was in addition to Additionally, last week the company announced it approved a severance program related to cost-cutting It expects that to result in a $21 million charge in the third quarter with most cash severance actually being paid out in the fourth quarter A spokesperson for Ohio’s Department of Job and Family Services said Thursday it had not received any WARN notice In July, Ohio state officials touted O-I’s role in creating the state’s inaugural “innovation hub,” alongside partners First Solar Owens-Corning and Pilkington North America “Supported by more than $31.3 million in state funding from the Ohio Innovation Hubs Program and $10.4 million in local investment the new Northwest Ohio Glass Innovation Hub will build on Toledo's legacy as the ‘Glass Capital of the World’ to accelerate innovation and job growth in both the glass sector and solar industry which relies heavily on glass,” the state’s announcement said The Toledo Blade reported that O-I’s actions will not impact the viability of the hub going forward which is supported by multiple companies and institutions O-I will hold its third-quarter earnings call on Oct Donald Trump’s return to the White House more mature state policy negotiations and a reckoning around 2025 plastics reduction targets are some of the factors poised to affect the industry will present its strategic initiatives during Investors Day at NYSE on March 14th titled 'The Power of Glass,' will outline a three-horizon value creation roadmap: Horizon 1 - Fit to Win: Targeting cost reduction of at least $650M by 2027 through enterprise-wide optimizationHorizon 2 - Profitable Growth: Expanding in attractive categories through segmented strategyHorizon 3 - Strategic Optionality: Geographic expansion and balanced capital allocation The company reaffirmed its 2025 guidance of $1.20-$1.50 adjusted earnings per share and $150-200M free cash flow O-I targets include adjusted EBITDA of $1.45B+ un fornitore leader di imballaggi in vetro presenterà le sue iniziative strategiche durante il Investors Day alla NYSE il 14 marzo 2025 delineerà una roadmap per la creazione di valore su tre orizzonti: Orizzonte 1 - Pronti a Vincere: Obiettivo di riduzione dei costi di almeno 650 milioni di dollari entro il 2027 attraverso l'ottimizzazione a livello aziendaleOrizzonte 2 - Crescita Redditizia: Espansione in categorie attraenti tramite una strategia segmentataOrizzonte 3 - Opzioni Strategiche: Espansione geografica e allocazione equilibrata del capitale L'azienda ha confermato la sua previsione per il 2025 di utili per azione rettificati tra 1,20 e 1,50 dollari e un flusso di cassa libero tra 150 e 200 milioni di dollari gli obiettivi di O-I includono un EBITDA rettificato di oltre 1,45 miliardi di dollari un flusso di cassa libero superiore al 5% delle vendite e uno spread economico di almeno il 2% presentará sus iniciativas estratégicas durante el Día de Inversores en la NYSE el 14 de marzo de 2025 delineará una hoja de ruta de creación de valor en tres horizontes: Horizonte 1 - Preparados para Ganar: Objetivo de reducción de costos de al menos $650 millones para 2027 a través de la optimización a nivel empresarialHorizonte 2 - Crecimiento Rentable: Expansión en categorías atractivas a través de una estrategia segmentadaHorizonte 3 - Opciones Estratégicas: Expansión geográfica y asignación equilibrada de capital La empresa reafirmó su guía para 2025 de ganancias ajustadas por acción de entre $1.20 y $1.50 y un flujo de caja libre de $150 a $200 millones los objetivos de O-I incluyen un EBITDA ajustado de más de $1.45 mil millones un flujo de caja libre superior al 5% de las ventas y un diferencial económico de al menos el 2% 유리 포장 공급업체의 선두주자인 O-I Glass는 2025년 3월 14일 NYSE에서 열리는 투자자 날에 전략적 이니셔티브를 발표할 예정입니다 '유리의 힘'이라는 제목의 발표에서는 세 가지 수평 가치 창출 로드맵을 설명합니다: 수평 1 - 승리할 준비: 2027년까지 전사적 최적화를 통해 최소 6억 5천만 달러의 비용 절감을 목표로 합니다.수평 2 - 수익성 있는 성장: 세분화된 전략을 통해 매력적인 카테고리에서 확장합니다.수평 3 - 전략적 선택권: 지리적 확장 및 균형 잡힌 자본 배분 2027년에 대한 O-I의 목표에는 14억 5천만 달러 이상의 조정 EBITDA un fournisseur leader d'emballages en verre présentera ses initiatives stratégiques lors de la Journée des Investisseurs à la NYSE le 14 mars 2025 décrira une feuille de route de création de valeur en trois horizons : Horizon 1 - Prêt à Gagner : Viser une réduction des coûts d'au moins 650 millions de dollars d'ici 2027 grâce à une optimisation à l'échelle de l'entrepriseHorizon 2 - Croissance Rentable : Expansion dans des catégories attrayantes grâce à une stratégie segmentéeHorizon 3 - Options Stratégiques : Expansion géographique et allocation équilibrée du capital L'entreprise a réaffirmé son objectif pour 2025 d'un bénéfice ajusté par action de 1,20 à 1,50 dollar et d'un flux de trésorerie libre de 150 à 200 millions de dollars les objectifs d'O-I incluent un EBITDA ajusté de plus de 1,45 milliard de dollars un flux de trésorerie libre supérieur à 5 % des ventes et un écart économique d'au moins 2 % ein führender Anbieter von Glasverpackungen wird seine strategischen Initiativen am Investorentag an der NYSE am 14 Die Präsentation mit dem Titel 'Die Kraft des Glases' wird einen drei Horizonte umfassenden Wertschöpfungsplan skizzieren: Horizont 1 - Fit zum Gewinnen: Ziel ist eine Kostenreduzierung von mindestens 650 Millionen Dollar bis 2027 durch unternehmensweite OptimierungHorizont 2 - Profitables Wachstum: Expansion in attraktive Kategorien durch segmentierte StrategienHorizont 3 - Strategische Optionen: Geografische Expansion und ausgewogene Kapitalallokation Das Unternehmen hat seine Prognose für 2025 von 1,20 bis 1,50 Dollar bereinigtem Gewinn pro Aktie und 150 bis 200 Millionen Dollar freiem Cashflow bekräftigt Für 2027 umfasst O-Is Ziel eine bereinigte EBITDA von über 1,45 Milliarden Dollar einen freien Cashflow von über 5% des Umsatzes und eine wirtschaftliche Spanne von mindestens 2% O-I Glass's announcement represents a comprehensive strategic roadmap with specific financial commitments that provide clear accountability metrics for investors The increased Fit to Win savings target of $650 million by 2027 is particularly significant representing nearly 37% of the company's current market capitalization – a substantial figure that signals management's confidence in operational improvements The reaffirmation of 2025 guidance (Adjusted Earnings of $1.20-$1.50 per share and Free Cash Flow between $150-$200 million) provides near-term visibility while the 2027 targets of Adjusted EBITDA of at least $1.45 billion and Free Cash Flow exceeding 5% of sales establish concrete benchmarks for measuring progress The three-horizon approach demonstrates logical sequencing – first addressing cost structure before pursuing growth The dual competitive positioning strategy (lowest-cost in mainstream best-cost in premium segments) shows nuanced market understanding that could strengthen their competitive positioning across different product categories What's less clear is how the company plans to navigate industry-specific challenges like energy costs and sustainability pressures While the "Strategic Optionality" phase hints at M&A activity and geographic expansion specific capital allocation priorities between debt reduction The framework provides a structured approach to long-term value creation with specific targets that investors can use to hold management accountable though execution risks remain the primary concern given the ambitious nature of the cost-saving targets 2025 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE plans to detail a series of strategic initiatives aimed at enhancing its market position and delivering long-term value to shareholders during its Investors Day presentation at the New York Stock Exchange (NYSE) on March 14th that will begin at 8:30 am titled "The Power of Glass," will feature insights from O-I Glass's leadership team Senior Vice President and Chief Financial Officer The agenda will cover the company's business strategy highlighting O-I's dedication to transforming its cost base and driving profitable growth with an economic profit mindset “Our multi-horizon approach to value creation focusing on cost competitiveness and productivity will enable us to reshape our business and deliver lasting value to our shareholders." 5% of sales and Economic Spread1 of at least 2% the company is introducing preliminary 2029 objectives that include longer-term benefits from its expected Profitable Growth and Strategic Optionality efforts Hardie and members of the O-I Global Leadership Team will ring the NYSE Closing Bell Slides for the I-Day presentation are available on the Company’s website, www.o-i.com/investors.ABOUT O-I GLASS free cash flow as a percentage of net sales Economic Profit and Economic spread provide relevant and useful supplemental financial information that is widely used by analysts and investors These non-GAAP measures should be considered supplemental in nature and should not be considered in isolation or be construed as being more important than comparable GAAP measures excluding gains or losses from discontinued operations depreciation and amortization of intangibles Economic Profit (EP) refers to net earnings (loss) attributable to the Company net and non-cash goodwill impairment charges minus the product of the Company’s average invested capital and its weighted average cost of capital Economic spread percentage (ES%) refers to EP divided by the Company’s average invested capital EP and economic spread to evaluate its period-over-period operating performance because it believes these provide useful supplemental measures of the results of operations of its principal business activity by excluding items that are not reflective of such operations The above non-GAAP financial measures may be useful to investors in evaluating the underlying operating performance of the company’s business as these measures eliminate items that are not reflective of its principal business activity Free cash flow as a percentage of net sales relates to free cash flow divided by net sales Management has historically used free cash flow and free cash flow as a percentage of net sales to evaluate its period-over-period cash generation performance because it believes these have provided useful supplemental measures related to its principal business activity The company routinely posts important information on its website – www.o-i.com/investors adjusted EBITDA and economic spread are each non-GAAP financial measures The company is unable to present a quantitative reconciliation of these forward-looking non-GAAP measures to its most comparable GAAP financial measures without unreasonable efforts 2 Forecasted free cash flow for full year 2025 is a forward-looking non-GAAP financial measure that is reconciled to its most directly comparable forward-looking GAAP financial measure as follows: Net cash provided by operating activities of approximately $600 million less cash payments for property plant and equipment of approximately $400 to $450 million equals free cash flow of approximately $150 to $200 million the company is unable to present a quantitative reconciliation of forward-looking free cash flow to Net cash provided by operating activities without unreasonable efforts Troubled Brazilian operator Oi has hit another landmark its ongoing corporate restructuring and asset disposal push with the disposal of both its fibre broadband and pay-TV businesses This disposal of the two key business units includes the long-anticipated sale of Oi’s fibre broadband unit ClientCo to V.tal This was apparently confirmed on Wednesday last week V.tal, of which Oi is a minority shareholder, offered BRL5.68 billion (about US$981 million) last September in a largely share swap transaction in 2021 funds linked to investment bank BTG Pactual acquired control of Oi's fibre infrastructure and network to create V.tal will make the retail Oi Fibre operation a separate business unit The purchase of the Oi operation apparently marks its debut as a direct broadband operator Oi’s broadband client base stood at 4.3 million The other sale involved the acquisition of the telco's pay-TV unit a company created in October last year for the acquisition of pay-TV assets from Oi Mileto Tecnologia emerged as the winner in an auction held in February It will pay up to BRL30 million (about US$5.2 million) for the asset The remaining payment will depend on the number of active subscribers within approximately two years a leading global producer of glass bottles and jars has announced its upcoming 2025 Investor Day scheduled for Friday themed 'The Power of Glass,' will run from 8:30 a.m The presentation will feature the company's global leadership team and include a Q&A session While in-person attendance is invitation-only a live video broadcast will be available online through Vimeo and the company's Investor Relations website operates 69 plants across 19 countries with approximately 21,000 employees The company achieved revenues of $6.5 billion in 2024 and serves as a preferred partner for many leading food and beverage brands focusing on sustainable rigid packaging solutions un produttore globale leader di bottiglie e barattoli di vetro ha annunciato il suo prossimo Investor Day 2025 programmato per venerdì 14 marzo 2025 La presentazione presenterà il team di leadership globale dell'azienda e includerà una sessione di domande e risposte Sebbene la partecipazione in persona sia solo su invito sarà disponibile una trasmissione video in diretta online tramite Vimeo e il sito web delle Relazioni con gli Investitori dell'azienda gestisce 69 impianti in 19 paesi con circa 21.000 dipendenti L'azienda ha registrato ricavi di 6,5 miliardi di dollari nel 2024 ed è un partner preferito per molti marchi leader nel settore alimentare e delle bevande concentrandosi su soluzioni di imballaggio rigido sostenibile un productor global líder de botellas y tarros de vidrio ha anunciado su próximo Día del Inversor 2025 programado para el viernes 14 de marzo de 2025 La presentación contará con el equipo de liderazgo global de la empresa e incluirá una sesión de preguntas y respuestas Aunque la asistencia en persona es solo por invitación habrá una transmisión en vivo disponible en línea a través de Vimeo y el sitio web de Relaciones con Inversores de la empresa opera 69 plantas en 19 países con aproximadamente 21,000 empleados La empresa alcanzó ingresos de 6.5 mil millones de dólares en 2024 y es un socio preferido para muchas marcas líderes en alimentos y bebidas enfocándose en soluciones de embalaje rígido sostenible 유리병 및 유리항아리의 글로벌 선두 제작업체가 2025년 투자자 데이를 2025년 3월 14일 금요일 뉴욕시에서 개최한다고 발표했습니다 '유리의 힘'이라는 주제로 진행되는 이번 행사는 오전 8시 30분부터 오전 11시 30분(동부 표준시)까지 진행됩니다 Vimeo 및 회사의 투자자 관계 웹사이트를 통해 온라인으로 실시간 비디오 방송이 제공됩니다 오하이오주 페리즈버그에 본사를 둔 O-I Glass는 19개국에 69개의 공장을 운영하며 약 21,000명의 직원이 있습니다 지속 가능한 경량 포장 솔루션에 중점을 두고 많은 주요 식음료 브랜드의 선호 파트너로 활동하고 있습니다 un producteur mondial de premier plan de bouteilles et de bocaux en verre a annoncé son prochain Investor Day 2025 prévu pour le vendredi 14 mars 2025 La présentation mettra en vedette l'équipe de direction mondiale de l'entreprise et inclura une session de questions-réponses Bien que la participation en personne soit sur invitation uniquement une diffusion vidéo en direct sera disponible en ligne via Vimeo et le site Web des Relations avec les Investisseurs de l'entreprise exploite 69 usines dans 19 pays avec environ 21 000 employés L'entreprise a réalisé un chiffre d'affaires de 6,5 milliards de dollars en 2024 et est un partenaire privilégié de nombreuses grandes marques alimentaires et de boissons en mettant l'accent sur des solutions d'emballage rigide durables ein führender globaler Hersteller von Glasflaschen und -gläsern hat seinen bevorstehenden Investor Day 2025 angekündigt Die Veranstaltung mit dem Thema 'Die Kraft des Glases' findet von 8:30 bis 11:30 Uhr ET statt Die Präsentation wird das globale Führungsteam des Unternehmens vorstellen und eine Frage-und-Antwort-Runde beinhalten Während die persönliche Teilnahme nur auf Einladung erfolgt wird eine Live-Videoübertragung online über Vimeo und die Investor-Relations-Website des Unternehmens verfügbar sein betreibt 69 Werke in 19 Ländern mit etwa 21.000 Mitarbeitern Das Unternehmen erzielte im Jahr 2024 einen Umsatz von 6,5 Milliarden US-Dollar und ist ein bevorzugter Partner vieler führender Marken in der Lebensmittel- und Getränkeindustrie wobei der Fokus auf nachhaltigen starren Verpackungslösungen liegt (NYSE: OI) today announced that it will host an Investor Day on Friday “The Power of Glass” event will feature presentations and a question-and-answer session with several members of the Company’s global leadership team ET and is expected to conclude around 11:30 a.m in-person attendance is by invitation only and advance registration is required A live video broadcast of the event will be available at https://vimeo.com/event/4919383 or can be accessed on the Company’s Investor Relations website, www.o-i.com/investors 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, www.o-i.com/investors SASHA SEKPEHInvestor Relations Coordinatoralexandra.sekpeh@o-i.com567.336.5128 Global Lead Partner Discussions are centred around potential operational changes at several plants across the country 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 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 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 Don’t let policy changes catch you off guard Stay proactive with real-time data and expert analysis Proposed changes include the potential cessation of production at the Vayres plant and the possible closure of the Vergèze plant 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 Give your business an edge with our leading industry insights View all newsletters from across the GlobalData Media network O-I Glass (NYSE: OI) has announced its upcoming first quarter 2025 earnings conference call and webcast The company will release its Q1 2025 earnings report after market close on Tuesday Earnings presentation materials will be available on the company's investor relations website The webcast will be accessible through the O-I website's Events and Presentations page and will remain archived until April 2026 O-I Glass (NYSE: OI) ha annunciato la sua prossima conferenza telefonica e webcast sui risultati del primo trimestre 2025 L'azienda pubblicherà il suo rapporto sugli utili del Q1 2025 dopo la chiusura del mercato di martedì 29 aprile I materiali di presentazione sugli utili saranno disponibili sul sito web delle relazioni con gli investitori dell'azienda Il webcast sarà accessibile attraverso la pagina Eventi e Presentazioni del sito web di O-I e rimarrà archiviato fino ad aprile 2026 O-I Glass (NYSE: OI) ha anunciado su próxima conferencia telefónica y webcast sobre los resultados del primer trimestre de 2025 programada para miércoles 30 de abril de 2025 La empresa publicará su informe de ganancias del Q1 2025 después del cierre del mercado el martes 29 de abril Los materiales de presentación de ganancias estarán disponibles en el sitio web de relaciones con inversores de la empresa El webcast será accesible a través de la página de Eventos y Presentaciones del sitio web de O-I y permanecerá archivado hasta abril de 2026 O-I Glass (NYSE: OI)는 2025년 1분기 실적 컨퍼런스 콜 및 웹캐스트를 2025년 4월 30일 수요일 오전 8시 EDT에 개최한다고 발표했습니다 회사는 2025년 4월 29일 화요일 시장 종료 후 1분기 실적 보고서를 발표할 예정입니다 웹캐스트는 O-I 웹사이트의 이벤트 및 프레젠테이션 페이지를 통해 접근 가능하며 2026년 4월까지 아카이브로 남아있을 것입니다 O-I Glass (NYSE: OI) a annoncé sa prochaine conférence téléphonique et webcast sur les résultats du premier trimestre 2025 L'entreprise publiera son rapport sur les résultats du Q1 2025 après la fermeture du marché le mardi 29 avril Les documents de présentation des résultats seront disponibles sur le site web des relations investisseurs de l'entreprise Le webcast sera accessible via la page Événements et Présentations du site web d'O-I et restera archivé jusqu'en avril 2026 O-I Glass (NYSE: OI) hat seine bevorstehende Telefonkonferenz und Webcast zu den Ergebnissen des ersten Quartals 2025 angekündigt Das Unternehmen wird seinen Q1 2025-Ergebnisbericht nach Börsenschluss am Dienstag Die Präsentationsmaterialien zu den Ergebnissen werden auf der Investor-Relations-Website des Unternehmens verfügbar sein Der Webcast wird über die Seite „Veranstaltungen und Präsentationen“ auf der O-I-Website zugänglich sein und bis April 2026 archiviert bleiben (NYSE: OI) has scheduled its first quarter 2025 conference call and webcast for Wednesday The Company’s news release for the first quarter 2025 earnings will be issued after the market closes on Tuesday What:         O-I Conference Call and WebcastEarnings presentation materials will also be posted on the O-I website, www.o-i.com/investors The webcast will be archived at www.o-i.com/investors until April 2026 Brazilian telecommunications company Oi is continuing the slow business of restructuring its operations and settling debts It has now signed a deal with infrastructure business American Tower Corporation (ATC) that will see it transfer selected towers (the number has not been revealed) and properties to ATC The contract with American Tower outlines the transfer of 100% shares of a special purpose entity (SPE) holding selected properties and tower infrastructure This transfer serves as a debt-for-equity swap While Brazil’s Administrative Council for Economic Defense (CADE) has approved the deal its completion depends on approval from regulator Anatel The Data Centre Dynamics news service says that similar negotiations are reportedly under way with other tower infrastructure companies The estimated value of the sale – about US$7.5 million – is a significant sum but given that in June 2016 Oi filed for bankruptcy protection with debts of about US$12.3 billion at today’s exchange rate (it exited bankruptcy protection in late 2022) it only makes a modest dent in the amount the company owes This is now estimated at around US$4.2 billion after Oi’s divesting of such assets as its mobile operations fibre optic company and around 8,000 fixed telephone towers The road ahead for Oi remains challenging given that it now has limited cash-generating assets Data Centre Dynamics says this deal demonstrates the company’s commitment to settling debts and reshaping its business model American Tower operates more than 17,000 towers in Brazil making the market its biggest in Latin America Brazilian digital infrastructure provider V.Tal has enlisted Pinheiro Neto Advogados to acquire the fibre-optic operations of local telecommunications giant Oi for 5.7 billion reais (US$950 million) amidst the latter company’s second judicial restructuring process expert analysis and essential 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