By Stephen Nakrosis
O-I Glass said its Investors Day presentation at the New York Stock Exchange on March 14 would include a series of strategic initiatives aimed at enhancing market position and delivering long-term value to shareholders.
"The Power of Glass" presentation will include the company's business strategy, financial review, and future growth plans, O-I said.
The Perrysburg, Ohio, company added that it would aim to accomplish its goals through implementation of a three horizon value creation roadmap. The first horizon, Fit to Win, calls for O-I to reduce total enterprise costs and optimize its entire network and value chain. O-I added has increased its Fit To Win target to generate savings of at least $650 million by 2027.
The second horizon, Profitable Growth, would see O-I leverage a more competitive position and drive future profitable growth with winning customers, the company said.
The final horizon, Strategic Optionality, calls for O-I to further grow its business through geographic expansion, according to the company.
After the bell Thursday, O-I reported net sales of $6.5 billion for 2024, below the $7.1 billion reported in the prior year. Adjusted earnings per share for 2024 were 81 cents, beating the company's guidance of 70 cents to 80 cents a share, and below the $3.09 reported in 2023.
Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
March 13, 2025 18:42 ET (22:42 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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