Why did OI miss earnings forecasts in Q4 2024?

O-I Glass (OI) missed earnings forecasts in Q4 2024 due to a combination of factors:

1. **Production Curtailment and Sluggish Demand**: The company experienced significant production curtailment, curtailing 18% of its production capacity to manage inflated inventory levels. This was necessitated by sluggish demand, which resulted in lower sales volumes and revenue.
2. **Lower Average Selling Prices and Unfavorable Foreign Currency Translation**: O-I Glass faced challenges with lower average selling prices and unfavorable foreign currency translation, which contributed to the decline in revenues. These factors, coupled with higher operating costs, impacted the company's profitability.

In summary, O-I Glass's earnings miss in Q4 2024 was primarily due to production curtailment and sluggish demand, along with lower average selling prices and unfavorable foreign currency translation.

|code|Ticker|Name|Date|Net Income|market_code|
|---|---|---|---|---|---|
|OI|OI.N|O-I Glass|2023 Q4|-4.64E8|169|
|OI|OI.N|O-I Glass|2024 Q1|7.6E7|169|
|OI|OI.N|O-I Glass|2024 Q2|6.2E7|169|
|OI|OI.N|O-I Glass|2024 Q3|-7.6E7|169|