O-I Glass reports Q4 adjusted EPS (5c), consensus (8c)

Reports Q4 revenue $1.5B, consensus $1.6B. “2024 was a challenging year for the company, with a decline in net sales and earnings before income taxes. Performance was impacted by market pressures including lower average selling prices, reduced sales volumes and temporarily higher operating costs, as we cut our inventory levels. Faced with these challenges, we took decisive action to reduce costs and manage working capital,” said Gordon Hardie, O-I Glass (OI) CEO.