The Transformation at O-I Glass Gains Momentum — Stock Moves Up After Q2 Results!
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O-I Glass is a manufacturer of glass containers, developing comprehensive packaging solutions from glass as well as glass recycling concepts. On July 29, the company reported its Q2 numbers, with EPS significantly exceeding expectations at $0.53 compared to the expected $0.41, while the revenue of $1.7 billion was in line with expectations. The company is pursuing a comprehensive transformation in several phases, set to be completed by 2028, which should lead to significant efficiency gains. By 2029, the company anticipates considerable earnings...
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