O-I Glass Files Q3 2024 10-Q
Ticker: OI · Form: 10-Q · Filed: Oct 30, 2024 · CIK: 812074
| Field | Detail |
|---|---|
| Company | O-I Glass, Inc. /De/ (OI) |
| Form Type | 10-Q |
| Filed Date | Oct 30, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, glass-containers
TL;DR
O-I Glass Q3 2024 10-Q filed. Financials are in.
AI Summary
O-I Glass, Inc. filed its 10-Q for the period ending September 30, 2024. The company, formerly known as Owens Illinois Inc., is a Delaware-incorporated entity specializing in glass containers. The filing details its financial performance and operations for the third quarter of 2024.
Why It Matters
This filing provides investors and analysts with the latest financial data for O-I Glass, Inc., crucial for understanding the company's performance in the glass container industry.
Risk Assessment
Risk Level: low — This is a standard quarterly financial filing with no immediate red flags.
Key Players & Entities
- O-I Glass, Inc. (company) — Filer
- Owens Illinois Inc. (company) — Former company name
- 20240930 (date) — Reporting period end date
- 20241030 (date) — Filing date
FAQ
What is the primary business of O-I Glass, Inc.?
O-I Glass, Inc. is primarily involved in the manufacturing of glass containers, as indicated by its Standard Industrial Classification code [3221].
When is O-I Glass, Inc.'s fiscal year end?
The company's fiscal year ends on December 31st.
What was the previous name of O-I Glass, Inc.?
O-I Glass, Inc. was formerly known as Owens Illinois Inc. /DE/.
In which state is O-I Glass, Inc. incorporated?
O-I Glass, Inc. is incorporated in Delaware (DE).
What is the filing date of this 10-Q report?
This 10-Q report was filed on October 30, 2024.
Filing Stats: 4,747 words · 19 min read · ~16 pages · Grade level 18.4 · Accepted 2024-10-30 16:30:52
Filing Documents
- oi-20240930x10q.htm (10-Q) — 2708KB
- oi-20240930xex31d1.htm (EX-31.1) — 17KB
- oi-20240930xex31d2.htm (EX-31.2) — 16KB
- oi-20240930xex32d1.htm (EX-32.1) — 7KB
- oi-20240930xex32d2.htm (EX-32.2) — 7KB
- oi-20240930x10q001.jpg (GRAPHIC) — 3KB
- 0001558370-24-013964.txt ( ) — 12623KB
- oi-20240930.xsd (EX-101.SCH) — 41KB
- oi-20240930_cal.xml (EX-101.CAL) — 50KB
- oi-20240930_def.xml (EX-101.DEF) — 184KB
- oi-20240930_lab.xml (EX-101.LAB) — 397KB
- oi-20240930_pre.xml (EX-101.PRE) — 287KB
- oi-20240930x10q_htm.xml (XML) — 3656KB
— FINANCIAL INFORMATION
Part I — FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements. The Condensed Consolidated Financial Statements of O-I Glass, Inc. (the "Company") presented herein are unaudited but, in the opinion of management, reflect all adjustments necessary to present fairly such information for the periods and at the dates indicated. All adjustments are of a normal recurring nature. Because the following unaudited Condensed Consolidated Financial Statements have been prepared in accordance with Article 10 of Regulation S-X, they do not contain all information and footnotes normally contained in annual consolidated financial statements; accordingly, they should be read in conjunction with the Consolidated Financial Statements and notes thereto appearing in the Company's Annual Report on Form 10-K for the year ended December 31, 2023. 1 O-I GLASS, INC. CONDENSED CONSOLIDATED RESULTS OF OPERATIONS (Dollars in millions, except per share amounts) (Unaudited) Three months ended Nine months ended September 30, September 30, 2024 2023 2024 2023 Net sales $ 1,679 $ 1,743 $ 5,002 $ 5,464 Cost of goods sold ( 1,464 ) ( 1,379 ) ( 4,165 ) ( 4,199 ) Gross profit 215 364 837 1,265 Selling and administrative expense ( 103 ) ( 134 ) ( 337 ) ( 424 ) Research, development and engineering expense ( 20 ) ( 24 ) ( 62 ) ( 66 ) Interest expense, net ( 87 ) ( 78 ) ( 252 ) ( 263 ) Equity earnings 20 40 75 100 Other expense, net ( 82 ) ( 86 ) ( 98 ) ( 106 ) Earnings (loss) before income taxes ( 57 ) 82 163 506 Provision for income taxes ( 19 ) ( 26 ) ( 102 ) ( 127 ) Net earnings (loss) ( 76 ) 56 61 379 Net earnings attributable to non-controlling interests ( 4 ) ( 5 ) ( 13 ) ( 12 ) Net earnings (loss) attributable to the Company $ ( 80 ) $ 51 $ 48 $ 367 Basic earnings per share: Net earnings (loss) attributable to the Company $ ( 0.52 ) $ 0.33 $ 0.31 $ 2.37 Weighted average shares outstanding (thousands)