Stable Top-line With Significantly Higher Margins and Earnings
Continued Strong Fit To Win Execution Drives Upgraded 2025 Earnings Guidance
O-I Glass, Inc. ("O-I") (NYSE:OI) today reported financial results for the third quarter ended September 30, 2025.
Net Earnings (Loss) Attributable to the Company Per Share (Diluted)
Earnings (Loss) Before Income Taxes$M
3Q25
3Q24
3Q25
3Q24
Reported
$0.19
($0.52)
$58(margins up 690 basis points)
($57)
Adjusted Earnings (Loss)Earnings Per Share (Diluted)
Segment Operating Profit$M
3Q25
3Q24
3Q25
3Q24
Non, GAAP
$0.48
($0.04)
$235(margins up 570 basis points)
$144
"O-I delivered strong third-quarter earnings along with substantially higher margins compared to the prior year period. Building on a stable top-line, we achieved much better results through disciplined execution of Fit to Win initiatives, higher production efficiency and favorable net price," said Gordon Hardie, Chief Executive Officer of O-I Glass.
"We continue to make significant progress towards the targets set at our Investor Day earlier this year. Despite subdued demand, our stable top-line is underpinned by a higher quality of revenue, as we prioritize economic profit and take a disciplined approach to pricing, which includes tighter mix management and focus on expanding our business in attractive and growing categories. We continue to execute our Fit to Win initiative, delivering another $75 million of benefits in the third quarter and $220 million year-to-date. We are on pace to exceed our $250 million annual 2025 target for Fit to Win Benefits. As a result, O-I expects to achieve higher adjusted earnings, improved margins, greater free cash flow, and a healthier balance sheet in 2025."
"Given our solid performance, we are raising our full-year 2025 adjusted earnings guidance to $1.55 - $1.65 per share, nearly double last year's results. We expect continued momentum in 2026 and beyond, with further increases in adjusted earnings and free cash flow as we implement our strategy. Ongoing execution of Fit to Win sets O-I up well to achieve its 2027 objectives and transition to profitable growth beyond 2027," Hardie concluded.
Third Quarter 2025 Results
O-I Glass reported third quarter 2025 net sales of $1.7 billion, consistent with the prior year period. Net sales benefited from higher average selling prices and favorable currency translation.
Sales volume (in tons) was down as modest growth in the NAB, Food and ...
