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O i Glass Inc   (OI)
Other Ticker:  
 
 
Price: $11.0800 $-0.02 -0.180%
Day's High: $11.318 Week Perf: -6.81 %
Day's Low: $ 11.07 30 Day Perf: -11.85 %
Volume (M): 2,338 52 Wk High: $ 23.57
Volume (M$): $ 25,906 52 Wk Avg: $16.40
Open: $11.19 52 Wk Low: $11.01



 Market Capitalization (Millions $) 1,756
 Shares Outstanding (Millions) 158
 Employees 21,100
 Revenues (TTM) (Millions $) 6,867
 Net Income (TTM) (Millions $) -219
 Cash Flow (TTM) (Millions $) -85
 Capital Exp. (TTM) (Millions $) 901

O I Glass Inc
Owens-Illinois, Inc. through its subsidiaries, is the successor to a business established in 1903. The Company is the largest manufacturer of glass containers in the world, with leading positions in Europe, North America, Asia Pacific and South America.

The Company believes it is a low-cost producer in the North American rigid packaging market, as well as a low-cost producer in many of the international glass segments in which it competes. Much of this cost advantage is due to the Company’s proprietary equipment and process technology. The Company believes its proprietary high volume glass forming machines, developed and refined by its engineering group, are significantly more efficient and productive than those used by competitors. The Company’s machine development activities and systematic upgrading of production equipment have given it a low-cost leadership position in the glass container segment in most of the countries in which it competes, a key strength to competing successfully in the rigid packaging market.

Products and Services

The Company produces glass containers for beer and ready-to-drink low alcohol refreshers, spirits, wine, food, tea, juice and pharmaceuticals. The Company also produces glass containers for soft drinks and other non-alcoholic beverages, principally outside the U.S. The Company manufactures these products in a wide range of sizes, shapes and colors. The Company is active in new product development and glass container innovation.

Customers

In most of the countries where the Company competes, it has the leading position in the glass container segment of the rigid packaging market based on sales revenue. The largest customers include many of the leading manufacturers and marketers of glass packaged products in the world. In the U.S., the majority of customers for glass containers are brewers, wine vintners, distillers and food producers. The Company also produces glass containers for soft drinks, principally outside the U.S. The largest U.S. glass container customers include (in alphabetical order) Anheuser-Busch, Diageo, H.J. Heinz, Molson/Coors, Novartis, Pepsico, SABMiller, and Saxco-Demptos, Inc. The largest glass container customers outside the U.S. include (in alphabetical order) Diageo, Foster’s, Heineken, InBev, Lion Nathan, Molson/Coors, SABMiller, and Scottish & Newcastle. The Company is a major glass container supplier to all of these customers.

The Company sells most of its glass container products directly to customers under annual or multi-year supply agreements. The Company also sells some of its products through distributors. Glass container production is typically scheduled to maintain reasonable levels of inventory.

Competitors

The Company has the leading share of the glass container segment of the U.S. rigid packaging market based on sales revenue by domestic producers in the U.S. The principal glass container competitors in the U.S. are Saint-Gobain Containers, Inc., a wholly-owned subsidiary of Compagnie de Saint-Gobain, and Anchor Glass Container Corporation. In addition, imports from Mexico and other countries increasingly compete in U.S. glass container segments. Additionally, a few major consumer packaged goods companies also self-manufacture glass containers.

In supplying glass containers outside of the U.S., the Company competes directly with Compagnie de Saint-Gobain in Europe and Brazil, Ardagh plc in the U.K., Germany, and Poland, Vetropak in the Czech Republic and Amcor Limited in Australia. In other locations in Europe, the Company competes indirectly with a variety of glass container firms including Compagnie de Saint-Gobain, Vetropak and Ardagh plc. Except as mentioned above, the Company does not compete with any large, multi-national glass container manufacturers in South America or the Asia Pacific region.

In addition to competing with other large, well-established manufacturers in the glass container segment, the Company competes with manufacturers of other forms of rigid packaging, principally aluminum cans and plastic containers, on the basis of quality, price, service and the marketing attributes of the container. The principal competitors producing metal containers are Amcor, Ball Corporation, Crown Holdings, Inc., Rexam plc, and Silgan Holdings Inc. The principal competitors producing plastic containers are Consolidated Container Holdings, LLC, Graham Packaging Company, Plastipak Packaging, Inc. and Silgan Holdings Inc. The Company also competes with manufacturers of non-rigid packaging alternatives, including flexible pouches and aseptic cartons.

The Company’s unit shipments of glass containers in countries outside of the U.S. have grown substantially from levels in earlier years. The Company has added to its international operations by acquiring glass container companies, many of which have leading positions in growing or established markets, increasing capacity at select foreign subsidiaries, and maintaining the global network of glass container companies that license its technology. In many developing countries, the Company’s international glass operations have benefited in the last ten years from increased consumer spending power, a trend toward the privatization of industry, a favorable climate for foreign investment, lowering of trade barriers and global expansion programs by multi-national consumer companies.



   Company Address: One Michael Owens Way Perrysburg 43551 OH
   Company Phone Number: 336-5000   Stock Exchange / Ticker: NYSE OI
   


Customers Net Income grew by OI's Customers Net Profit Margin grew to

2.07 %

13.11 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
BALL   -7.31%    
CCK        1.55% 
GPK        0.18% 
SLGN        0.68% 
SON   -7.45%    
ATR        0.27% 
• View Complete Report
   



Financing Agreement

OI European Group B.V. Success Breaks New Ground with Remarkable Results of its Cash Tender Offer for Senior Notes

Published Fri, May 24 2024 8:10 PM UTC

PERRYSBURG, Ohio / SCHIEDAM, the Netherlands, May 24, 2024 FOR IMMEDIATE RELEASE
In a strategic move that marks a significant milestone for OI European Group B.V., the company has announced the successful results of its cash tender offer for any and all of its outstanding 2.875% Senior Notes due 2025. This achievement further solidifies OI European Group's position as a ...

Management Changes

O-I Glass Implements New Leadership Strategy to Tackle Financial Challenges and Improve ROI Ranking

Published Wed, May 15 2024 8:16 PM UTC


These appointments come at a crucial time for O-I Glass, as the company has been facing financial challenges. In the 12 months ending in the first quarter of 2024, O-I Glass recorded a cumulative net loss of $-219 million, leading to a negative return on investment (ROI) of -3.3%. This indicates that the company's financial performance has not been favorable during this...

Financing Agreement

O-I Glass Harnesses Green Bonds to Weather Economic Struggles

Published Mon, May 13 2024 8:15 PM UTC



In a milestone achievement, O-I Glass, Inc. has successfully utilized the proceeds from its second round of Green Bond offerings to propel the company's climate-change strategy forward. This comes in the wake of financial challenges, with O-I Glass recording a cumulative net loss of $219 million in the first quarter of 2024. Let's delve deeper into the facts surrou...

O I Glass Inc

O I Glass Inc Sees Profits Plummet in Challenging First Quarter

O I Glass Inc Faces Challenging First Quarter as Profits Plummet and Revenue Declines
In the first quarter of 2024, O I Glass Inc, a global manufacturer of glass packaging solutions, experienced a significant decline in net profit per share and revenue. The net profit per share plummeted by -65.12% to $0.45, compared to $1.29 in the same period the previous year. However, it is worth noting that the net profit per share turned positive from the preceding reporting period when it was at $-3.12 per share.
Furthermore, the company's revenue decreased by -12.998% to $1.59 billion from $1.83 billion in the same financial reporting period a year before. Sequentially, the revenue also decreased by -2.925% from $1.64 billion. The bottom line of $76.000 million in the first quarter of 2024 fell by -63.81% from $210.000 million in the corresponding period a year before. Fortunately, $41.00 million provisions on taxes kept the slump to only -63.81% during this timeframe.

Product Service News

O-I Packaging Solutions and Revino Introduce Returnable, Reusable Glass Wine Bottles to Promote Sustainability in Wine Packaging

Published Tue, Apr 16 2024 9:27 PM UTC

In a move to contribute towards sustainable packaging solutions, O-I Packaging Solutions (O-IPS) and Revino have jointly announced the launch of returnable, reusable glass wine bottles in the Pacific Northwest region. Starting in Oregon and expanding soon to the entire west coast, O-I IPS, a global manufacturer of sustainable glass packaging, will produce over 2.4 million re...






 

O I Glass Inc's Segments
 
North America
 Segment     of total Revenue
Europe
 Segment     of total Revenue
South America
 Segment     of total Revenue
Asia Pacific
 Segment     of total Revenue
Other
 Segment     of total Revenue
 
• View Complete Report
  Company Estimates  
  Revenue Outlook
O I Glass Inc does not provide revenue guidance.

Earnings Outlook
O i Glass Inc issued annual earnings guidance on

 
Geographic Revenue Dispersion
North America
Europe
South America
Asia Pacific




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