O-I Glass, Inc. (NYSE:OI) Q2 2024 Earnings Conference Call July 31, 2024 8:00 AM ET

Company Participants

Chris Manuel - Vice President of Investor Relations
Gordon Hardie - President and Chief Executive Officer
John Haudrich - Senior Vice President and Chief Financial Officer

Conference Call Participants

Ghansham Panjabi – Baird
George Staphos - Bank of America
Mike Roxland - Truist Securities
Anthony Pettinari – Citi
Joshua Beder - UBS
Arun Viswanathan - RBC Capital Marrkets
Gabe Hajde - Wells Fargo Securities

Operator

Good morning, everyone, and welcome to the O-I Glass Second Quarter 2024 Earnings Conference Call. My name is Kiki and I'll be your conference operator today. [Operator Instructions].

I will now hand you over to your host, Chris Manuel, Vice President of Investor Relations to begin. Chris please go ahead.

Chris Manuel

Thank you, Kiki, and welcome everyone to the O-I Glass second quarter 2024 conference call. Our discussion today will be led by CEO, Gordon Hardie and John Haudrich, our CFO. Today we will discuss Gordon’s view on the business as he joins O-I, key business developments and review our financial results. Following prepared remarks, we will host a Q&A session.

Presentation materials for this earnings call are available on the company's website. Please review the Safe Harbor comments and disclosure of our use of non-GAAP financial measures included in those materials.

Now I'd like to turn the call over to Gordon, who will start on Slide 4.

Gordon Hardie

Thanks, Chris. Good morning, everyone. It's a privilege to be O-I's new CEO. I've spent my career serving the food and beverage industries across the world, including at a few of O-I's customers. Drinking from a glass bottle gives consumers a unique experience. From that perspective, no other packaging container delivers quite like glass.

First, I would like to recognize and thank all those at O-I who tirelessly focus on our customers and their consumers every day. It is this focus and attention to quality that makes O-I a trusted partner and supplier to many of the world's leading food and beverage brands.

As a member of the Board of Directors over the past eight years, I've seen firsthand the progress the team has made to make O-I a more integrated and capable company. The team has achieved much, but in discussions over the last weeks we know and acknowledge that we have not yet achieved the company's full potential nor consistently met the expectations of our shareholders. It is my focus to deliver consistent performance that significantly increases the value of our company. We have a solid foundation. We are determined to increase the value of O-I for all stakeholders.