O-I Glass Inc

NYSE:OI  
14.78
-0.07 (-0.47%)
4:00:00 PM EDT: $14.78 0.00 (0.00%)
Other Pre-Announcement

O-I Glass Inc Expects One To Two Percent CAGR Organic Volume Growth Prior To Divestitures For 2022 Through 2024

Published: 09/28/2021 11:20 GMT
O-I Glass Inc (OI) - Expects One to Two Percent Cagr Organic Volume Growth Prior to Divestitures for 2022 Through 2024.
Anticipates Adjusted Earnings Will Improve to Between $2.20 and $2.40 per Share by 2024.
Intends to Invest Up to $680 Million in New Capacity to Address Supply-constrained Geographies and Categories.
Adjusted Free Cash Flow Should Increase to Between $400 Million and $450 Million by 2024.
Q3 Adjusted Earnings Should Be at High End Or Slightly Above Previous Guidance of $0.47 and $0.52 per Share.
Increased Its Portfolio Optimization Target to $1.5 Billion by 2024.
Full Year Adjusted Earnings Are Now Expected to Range Between $1.70 and $1.75 per Share.
Will Seek to Resolve Legacy Liabilities.
Paddock Enterprises Has Reached an Agreement in Principle for a Consensual Plan of Reorganization.
Investment of $680 Million Expected to Generate a 20 Percent Average Internal Rate of Return.
Total Consideration to Fund Trust Would Be $610 Million on Effective Date of Plan, Which Paddock Currently Expects to Occur in 2022.
Q3 Earnings per Share View $0.49 -- Refinitiv Ibes Data (analyst estimates).
FY2021 Earnings per Share View $1.72 -- Refinitiv Ibes Data (analyst estimates).