The chart below shows how OI performed 10 days before and after its earnings report, based on data from the past quarters. Typically, OI sees a +0.77% change in stock price 10 days leading up to the earnings, and a +1.38% change 10 days following the report. On the earnings day itself, the stock moves by -0.62%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Earnings Exceed Guidance: Full year adjusted earnings were $0.81 per share, slightly exceeding guidance despite a challenging market.
Cost Management Success: Fourth quarter costs and operating performance were better than anticipated, reflecting effective inventory management actions.
Projected EPS Growth: 2025 adjusted EPS is anticipated to be in the range of $1.20 to $1.50 per share, representing a 50% to 85% increase from 2024 levels.
Projected Free Cash Flow: Expected free cash flow for 2025 is projected to be between $150 million and $200 million, indicating a substantial improvement from the previous year.
Future Earnings Enhancement: The implementation of the 'fit to win' strategy is expected to significantly enhance future earnings and cash flow.
Negative
Earnings Decline Analysis: Full year adjusted earnings were $0.81 per share, down from historically high performance in 2023.
Quarterly Loss Comparison: For the fourth quarter, an adjusted loss of $0.05 per share was reported compared to adjusted earnings of $0.12 per share in the same period last year.
Market Demand Challenges: Sluggish market demand and high in-home spirits inventories, especially in the US, negatively impacted net price and overall performance.
Inventory Management Challenges: Aggressive inventory management actions were taken in the second half of the year due to overcapacity in certain European markets, indicating underlying operational challenges.
Cautious Commercial Outlook: The commercial outlook remains cautious, with expectations of solid earnings improvement in 2025 contingent on macroeconomic conditions improving.
O-I Glass, Inc. (NYSE:OI) Q4 2024 Earnings Call Transcript
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