Financial Data and Key Metrics Changes - The company reported second quarter adjusted earnings of $0.53 per share, exceeding expectations and outperforming the same period last year [5][19] - Overall second quarter shipments declined approximately 3%, but year-to-date shipments were up nearly 1% [5][9] - The company raised its full year guidance, now expecting adjusted earnings to increase between 60% to 90% compared to 2024 [6][22] Business Line Data and Key Metrics Changes - In The Americas, shipments increased approximately 4% in both the second quarter and year-to-date, driven by a rebound in beer and spirits categories [11][20] - In Europe, volumes were down nearly 9% in the second quarter, attributed to supplier-related delays and macroeconomic uncertainties [12][20] - The Fit to Win program delivered $84 million in savings for the quarter, bringing the first half total to $145 million [6][14] Market Data and Key Metrics Changes - Lower glass shipments were consistent with softer consumer demand, particularly in European markets, which saw a decline in consumption patterns [10][12] - Non-alcoholic beverages and food categories posted low single-digit growth despite challenges in other segments [12][81] - The company noted a 35% increase in its new product development pipeline as brand owners seek growth opportunities [10] Company Strategy and Development Direction - The company has decided to halt further development of the Magma platform, focusing instead on a best-cost premium operation strategy [7][9] - The Bowling Green facility will be reconfigured to focus on premium opportunities in spirits, aiming for lower operational costs and capital intensity [9][32] - The Fit to Win program is foundational to improving competitiveness and driving future growth by significantly reducing total enterprise costs [6][14] Management's Comments on Operating Environment and Future Outlook - Management acknowledged navigating a complex environment with softer consumer demand and macro uncertainties but expressed confidence in achieving full-year volume stability [5][6] - The company expects performance in Europe to improve progressively as downtime decreases and network optimization actions are implemented [20][75] - Management emphasized the importance of reducing waste and inefficiencies, indicating a relentless focus on operational improvements [46][68] Other Important Information - The company is on track to meet or exceed its 2025 objectives and aims to unlock further upside in the coming years [17][18] - Temporary production curtailments remain in place across Europe to align supply with demand and manage inventory levels [13][21] - The company anticipates a $300 million year-over-year improvement in free cash flow, driven by stronger operating results and reduced capital expenditures [22][100] Q&A Session Summary Question: Volume assumptions for 2025 by segment - Management indicated that both Europe and The Americas are expected to be generally stable year over year, with some fluctuations due to prior year comparisons [30][31] Question: Details on the Bowling Green plant transition - The facility will focus on premium opportunities in spirits, with ongoing reconfiguration efforts [32][34] Question: Fit to Win benefits and corporate costs - Management confirmed that Fit to Win is designed to review the entire cost base, with significant progress already made [41][44] Question: Order books and market conditions - Management noted strong order visibility in The Americas, with some recovery in Northern Europe, while consumer weakness persists in other regions [51][52] Question: Net pricing and European operating rates - Management observed moderated net price pressure due to stable pricing and reduced inflation, with expectations for the second half of the year [88][90] Question: Update on restructuring negotiations in France - Management confirmed ongoing discussions with European works councils regarding network reconfiguration, progressing as planned [105][106]

Financial Data and Key Metrics Changes - The company reported second quarter adjusted earnings of $0.53 per share, exceeding expectations and outperforming the same period last year [4][18] - Overall second quarter shipments declined approximately 3%, but year-to-date shipments were up nearly 1% [4][12] - The company raised its full year guidance, now expecting adjusted earnings to increase between 60% to 90% compared to 2024 [5][21] Business Line Data and Key Metrics Changes - In The Americas, shipments increased approximately 4% in both the second quarter and year-to-date, driven by a rebound in beer and spirits categories [10][11] - In Europe, shipments were down nearly 9% in the second quarter, attributed to supplier-related delays and macroeconomic uncertainties [11][12] - The Fit to Win program delivered $84 million in savings for the quarter, bringing the first half total to $145 million [5][13] Market Data and Key Metrics Changes - The Americas showed mid-single-digit growth in the first quarter, while Europe experienced a decline in shipments due to softer consumer demand [10][11] - Non-alcoholic beverages and food categories in Europe posted low single-digit growth despite overall market softness [11][12] - The company noted a 35% increase in its new product development pipeline as brand owners seek growth opportunities [9] Company Strategy and Development Direction - The company has decided to halt further Magma development, focusing instead on a best-cost premium operation strategy [6][7] - The Bowling Green facility will be reconfigured to focus on premium opportunities in spirits in the U.S. [31] - The Fit to Win program aims to significantly reduce total enterprise costs and optimize the network for competitiveness and growth [13][15] Management's Comments on Operating Environment and Future Outlook - Management acknowledged navigating a complex environment with softer consumer demand and macro uncertainties but expressed confidence in achieving full-year targets [4][5] - The company expects full-year 2025 volumes to be stable compared to the prior year, despite some intra-quarter fluctuations [12][22] - Management emphasized the importance of executing their strategy to drive economic profit and long-term value for shareholders [24][25] Other Important Information - The company is engaged in consultations with European works councils regarding long-term network optimization initiatives [12][101] - Temporary production curtailments remain in place across Europe to align supply with demand [12] - The company expects to see a $300 million year-over-year improvement in free cash flow, driven by stronger operating results and reduced capital expenditures [21][96] Q&A Session Summary Question: Volume assumptions for 2025 by segment - Management indicated that both Europe and The Americas are expected to be generally stable year-over-year, with some fluctuations due to prior year comparisons [29][30] Question: Bowling Green plant pivot details - The facility will focus on premium opportunities in spirits, with ongoing reconfiguration efforts [31][32] Question: Fit to Win benefits and corporate costs - Management confirmed that Fit to Win is designed to review the entire cost base, with significant progress already made [39][42] - Corporate costs are expected to stabilize around $100 to $120 million annually [44] Question: Order books and market conditions - Management noted strong order visibility in The Americas, with some recovery in Northern Europe, while consumer weakness persists in other regions [51][52] Question: Net price expectations and European operating rates - Management expects less net price pressure than initially anticipated, with inflation moderating and stable pricing observed [86][87] Question: Updates on restructuring negotiations in France - Discussions with French authorities are progressing as planned, with a focus on network competitiveness [101][102]

Financial Performance - Second quarter 2025 adjusted earnings per share (aEPS) was $0.53, a 20% increase from the prior year[6] - The company is increasing its 2025 aEPS guidance to $1.30 - $1.55, driven by strong year-to-date performance and Fit To Win (F2W) benefits[6, 14] - First half 2025 shipments were up nearly 1% compared to the prior year, while second quarter 2025 shipments were down approximately 3%[6, 8] Fit To Win Program - The Fit To Win program delivered $84 million in savings in the second quarter 2025, bringing the first half 2025 savings to $145 million[6] - The company is targeting ≥ $650 million in Fit To Win savings by 2027[10] - The Fit To Win program is expected to provide lower cost and capital intensity capacity compared to the MAGMA program, which is being halted[6] Market Conditions and Outlook - The company is navigating mixed market conditions, with Americas up in mid-single digits (MSD) and Europe down high-single digits (HSD) in the second quarter 2025[8] - Full year 2025 sales volume is expected to be stable compared to the prior year[9] - The improved outlook may not fully reflect the potential impact of elevated uncertainty related to changing global trade policies[15] Trade and Tariffs - Approximately 14% of O-I Glass' global sales volume crosses the U S border and is exposed to new tariffs, with 9.5% expected to be exempt due to USMCA compliance, leaving a net 4.5% potentially exposed[29]

Core Insights - O-I Glass reported quarterly earnings of $0.53 per share, exceeding the Zacks Consensus Estimate of $0.41 per share, and showing an increase from $0.44 per share a year ago, resulting in an earnings surprise of +29.27% [1] - The company generated revenues of $1.71 billion for the quarter ended June 2025, slightly missing the Zacks Consensus Estimate by 0.52%, and down from $1.73 billion year-over-year [2] - O-I Glass shares have appreciated approximately 32.8% year-to-date, significantly outperforming the S&P 500's gain of 8.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.48 on revenues of $1.67 billion, while for the current fiscal year, the estimate is $1.40 on revenues of $6.48 billion [7] - The estimate revisions trend for O-I Glass was favorable prior to the earnings release, leading to a Zacks Rank 1 (Strong Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Glass Products industry, to which O-I Glass belongs, is currently ranked in the top 1% of over 250 Zacks industries, suggesting a strong performance potential compared to lower-ranked industries [8]

Executive Summary [Q2 2025 Performance Highlights](index=1&type=section&id=Q2%202025%20Performance%20Highlights) O-I Glass delivered strong Q2 2025 adjusted earnings growth of **20% year-over-year** from 'Fit to Win' initiatives, despite a significant decline in reported earnings Q2 2025 Key Performance Metrics | Metric | 2Q25 ($) | 2Q24 ($) | YoY Change | | :-------------------------------------------------- | :----- | :--- | :--------- | | Reported Net Earnings (Loss) Attributable to the Company Per Share (Diluted) | $(0.03) | $0.36 | -108.33% | | Reported Earnings Before Income Taxes ($M) | $7 | $104 | -93.27% | | Adjusted Earnings Per Share (Diluted) (Non-GAAP) | $0.53 | $0.44 | +20.45% | | Segment Operating Profit (Non-GAAP) ($M) | $225 | $233 | -3.43% | - Year-to-date, 'Fit to Win' benefits reached **$145 million**, offsetting macroeconomic softness[3](index=3&type=chunk) [Full-Year 2025 Outlook Update](index=1&type=section&id=Full-Year%202025%20Outlook%20Update) O-I Glass raised its full-year 2025 adjusted earnings guidance, reflecting strong year-to-date performance and 'Fit to Win' momentum, while maintaining free cash flow guidance Full-Year 2025 Guidance | Metric | 2025 Guidance (Current) ($) | 2025 Guidance (Previous) ($) | 2024 Actual ($) | Projected YoY Improvement (2025 vs 2024) | | :-------------------------- | :-------------------------- | :--------------------------- | :-------------- | :--------------------------------------- | | Adjusted Earnings Per Share (EPS) | $1.30 - $1.55 | $1.20 - $1.50 | $0.81 | 60% - 90% | | Free Cash Flow – Source / (Use) ($M) | $150 - $200 | $150 - $200 | $(128) | ~$300M improvement | - Full-year 2025 sales volumes are expected to be in line with prior year levels[11](index=11&type=chunk) - Free cash flow guidance includes **$140 million to $150 million** in cash restructuring costs[11](index=11&type=chunk) [Strategic and Operational Developments](index=1&type=section&id=Strategic%20and%20Operational%20Developments) O-I Glass halted MAGMA development due to insufficient returns, shifting to a 'Best at Both' operations strategy and planning further capacity optimization in the Americas segment - MAGMA development and operations have been halted due to not meeting operational or financial return requirements[3](index=3&type=chunk) - The company will pursue a 'Best at Both' operations strategy for higher premium output at lower operating cost and capital intensity[3](index=3&type=chunk) - The Bowling Green facility will be reconfigured into a best-cost, premium-focused operation[3](index=3&type=chunk) - Plans include indefinite suspension of one furnace and closure of one plant in the Americas, expecting approximately **$45 million** in Q3 2025 charges[13](index=13&type=chunk) Second Quarter 2025 Financial Review [Consolidated Results](index=2&type=section&id=Consolidated%20Results) O-I Glass reported consistent net sales but a substantial decline in reported earnings due to **$108 million** in MAGMA-related restructuring charges, while adjusted EPS increased Q2 2025 Consolidated Financial Results | Metric | 2Q25 ($M) | 2Q24 ($M) | YoY Change | | :------------------------------------ | :-------- | :-------- | :--------- | | Net Sales | $1,706 | $1,729 | -1.33% | | Earnings before income taxes ($M) | $7 | $104 | -93.27% | | Net earnings (loss) attributable to the Company ($M) | $(5) | $57 | -108.77% | | Diluted EPS ($) | $(0.03) | $0.36 | -108.33% | | Adjusted EPS (Non-GAAP) ($) | $0.53 | $0.44 | +20.45% | - Net Sales benefited from favorable currency translation, offset by slightly lower selling prices and an approximately **3% decline** in shipment volume[5](index=5&type=chunk) - Earnings before income taxes declined primarily due to **$108 million** in restructuring and asset impairment charges from the MAGMA program discontinuation[6](index=6&type=chunk) - Retained corporate and other costs improved to **$25 million** from **$32 million** year-over-year, reflecting 'Fit to Win' benefits[8](index=8&type=chunk) [Segment Performance](index=2&type=section&id=Segment%20Performance) Overall segment operating profit modestly declined, with strong growth in Americas driven by 'Fit to Win' and volume, offset by Europe's significant decline from unfavorable pricing, reduced volume, and higher costs Q2 2025 Segment Operating Profit | Metric | 2Q25 ($M) | 2Q24 ($M) | YoY Change | | :---------------------- | :-------- | :-------- | :--------- | | Segment Operating Profit | $225 | $233 | -3.43% | | Americas Segment Operating Profit | $135 | $106 | +27.36% | | Europe Segment Operating Profit | $90 | $127 | -29.13% | [Americas Segment](index=2&type=section&id=Americas%20Segment) Americas segment operating profit significantly rose due to substantial 'Fit to Win' cost reductions and **4% sales volume growth**, despite unfavorable currency and slightly lower net prices Q2 2025 Americas Segment Performance | Metric | 2Q25 ($M) | 2Q24 ($M) | YoY Change | | :-------------------------------- | :-------- | :-------- | :--------- | | Americas Net Sales | $943 | $899 | +4.89% | | Americas Segment Operating Profit ($M) | $135 | $106 | +27.36% | | Americas Segment Operating Profit Margin (%) | 14.3% | 11.8% | +2.5 pp | - Operating profit increased due to significant 'Fit to Win' cost reductions and **4% sales volume growth**[12](index=12&type=chunk) - Gains were partially offset by unfavorable currency translation and slightly lower net price[12](index=12&type=chunk) [Europe Segment](index=2&type=section&id=Europe%20Segment) Europe segment operating profit declined due to unfavorable net price, an approximately **9% drop in sales volume**, and higher operating costs from production curtailments, partially mitigated by 'Fit to Win' savings Q2 2025 Europe Segment Performance | Metric | 2Q25 ($M) | 2Q24 ($M) | YoY Change | | :------------------------------ | :-------- | :-------- | :--------- | | Europe Net Sales | $741 | $802 | -7.59% | | Europe Segment Operating Profit ($M) | $90 | $127 | -29.13% | | Europe Segment Operating Profit Margin (%) | 12.1% | 15.8% | -3.7 pp | - Operating profit decreased primarily due to unfavorable net price, an approximately **9% drop in sales volume**, and higher operating costs[12](index=12&type=chunk) - Higher operating costs resulted from increased temporary production curtailments aimed at reducing inventory[12](index=12&type=chunk) - Headwinds were partially mitigated by 'Fit to Win' savings and favorable currency translation[12](index=12&type=chunk) Condensed Consolidated Financial Statements [Results of Operations](index=6&type=section&id=Results%20of%20Operations) O-I Glass reported a Q2 2025 net loss of **$5 million**, a significant decline from prior year earnings, primarily due to increased 'Other expense, net' including restructuring charges, with slightly decreased net sales Q2 2025 Condensed Consolidated Results of Operations | Metric | Three months ended June 30, 2025 ($M) | Three months ended June 30, 2024 ($M) | YoY Change | | :------------------------------------ | :------------------------------------ | :------------------------------------ | :--------- | | Net sales | $1,706 | $1,729 | -1.33% | | Gross profit ($M) | $299 | $303 | -1.32% | | Selling and administrative expense ($M) | $(106) | $(110) | -3.64% | | Research, development and engineering expense ($M) | $(11) | $(20) | -45.00% | | Interest expense, net ($M) | $(85) | $(87) | -2.30% | | Equity earnings ($M) | $28 | $30 | -6.67% | | Other expense, net ($M) | $(118) | $(12) | +883.33% | | Earnings before income taxes ($M) | $7 | $104 | -93.27% | | Provision for income taxes ($M) | $(6) | $(42) | -85.71% | | Net earnings (loss) ($M) | $1 | $62 | -98.39% | | Net earnings (loss) attributable to the Company ($M) | $(5) | $57 | -108.77% | | Diluted earnings per share ($) | $(0.03) | $0.36 | -108.33% | [Balance Sheets](index=7&type=section&id=Balance%20Sheets) As of June 30, 2025, total assets slightly decreased due to lower cash and inventories, while trade receivables increased; total liabilities also decreased, leading to lower share owners' equity Condensed Consolidated Balance Sheets | Metric | June 30, 2025 ($M) | June 30, 2024 ($M) | YoY Change | | :-------------------------------- | :----------------- | :----------------- | :--------- | | Total assets ($M) | $9,179 | $9,334 | -1.66% | | Cash and cash equivalents ($M) | $487 | $671 | -27.42% | | Trade receivables, net ($M) | $848 | $725 | +16.97% | | Inventories ($M) | $990 | $1,153 | -14.14% | | Property, plant and equipment, net ($M) | $3,458 | $3,465 | -0.20% | | Total current liabilities ($M) | $2,102 | $2,234 | -5.82% | | Long-term debt ($M) | $4,898 | $4,648 | +5.38% | | Share owners' equity ($M) | $1,369 | $1,631 | -16.06% | [Cash Flows](index=8&type=section&id=Cash%20Flows) For the six months ended June 30, 2025, cash utilized in operating activities slightly improved, while cash utilized in investing and financing activities significantly decreased Condensed Consolidated Statements of Cash Flows | Metric | Six months ended June 30, 2025 ($M) | Six months ended June 30, 2024 ($M) | YoY Change | | :------------------------------------------ | :---------------------------------- | :---------------------------------- | :--------- | | Net earnings (loss) ($M) | $(10) | $138 | -107.25% | | Cash provided by (utilized in) operating activities ($M) | $(16) | $(20) | +20.00% | | Cash utilized in investing activities ($M) | $(221) | $(380) | -41.84% | | Cash provided by (utilized in) financing activities ($M) | $(47) | $180 | -126.11% | | Cash at end of period ($M) | $487 | $671 | -27.42% | - Cash payments for property, plant and equipment decreased from **$373 million** in H1 2024 to **$239 million** in H1 2025[32](index=32&type=chunk) - Non-cash restructuring, asset impairment, and related charges were **$195 million** for H1 2025, compared to none in the prior year[32](index=32&type=chunk) Non-GAAP Financial Measures and Reconciliations [Adjusted Earnings Reconciliation](index=11&type=section&id=Adjusted%20Earnings%20Reconciliation) O-I Glass reconciles net earnings to adjusted earnings by excluding non-recurring items like restructuring and environmental charges; Q2 2025 saw **$86 million** in adjusting items, resulting in **$82 million** adjusted earnings Adjusted Earnings Reconciliation | Metric | Three months ended June 30, 2025 ($M) | Three months ended June 30, 2024 ($M) | YoY Change | | :---------------------------------------------------------------- | :------------------------------------ | :------------------------------------ | :--------- | | Net earnings (loss) attributable to the Company ($M) | $(5) | $57 | -108.77% | | Restructuring, asset impairment and other charges (impacting other income (expense), net) ($M) | $108 | $0 | N/A | | Legacy environmental charge ($M) | $0 | $10 | -100.00% | | European investment tax incentive ($M) | $(22) | $0 | N/A | | Total adjusting items (non-GAAP) ($M) | $86 | $12 | +616.67% | | Adjusted earnings (non-GAAP) ($M) | $82 | $69 | +18.84% | | Adjusted earnings per share (non-GAAP) ($) | $0.53 | $0.44 | +20.45% | - A quantitative reconciliation of forward-looking adjusted earnings to GAAP is not feasible due to the inability to reliably predict all necessary components[41](index=41&type=chunk) [Free Cash Flow Reconciliation](index=13&type=section&id=Free%20Cash%20Flow%20Reconciliation) O-I Glass forecasts full-year 2025 free cash flow between **$150 million** and **$200 million**, a significant improvement from the **negative $128 million** in 2024 Free Cash Flow Reconciliation and Forecast | Metric | Forecast for Year Ended December 31, 2025 ($M) | Year Ended December 31, 2024 ($M) | YoY Change | | :------------------------------------ | :--------------------------------------------- | :-------------------------------- | :--------- | | Cash provided by operating activities ($M) | $600 | $489 | +22.70% | | Cash payments for property, plant and equipment ($M) | $(400) - $(450) | $(617) | -27.07% to -35.17% | | Free cash flow (non-GAAP) ($M) | $150 - $200 | $(128) | N/A (significant improvement) | [Adjusted Effective Tax Rate Reconciliation](index=13&type=section&id=Adjusted%20Effective%20Tax%20Rate%20Reconciliation) A quantitative reconciliation for the forward-looking non-GAAP adjusted effective tax rate is not provided due to the inherent unpredictability of GAAP components like restructuring and asset impairment charges - A quantitative reconciliation of the forward-looking adjusted effective tax rate to GAAP is not provided due to the inability to reliably predict all necessary components[45](index=45&type=chunk) - Significant items such as restructuring and asset impairment charges are complex and unpredictable, making their income tax impact difficult to forecast[45](index=45&type=chunk) Additional Information [About O-I Glass](index=3&type=section&id=About%20O-I%20Glass) O-I Glass, Inc. is a leading global producer of sustainable glass packaging, with **$6.5 billion** in 2024 net sales, operating 69 plants in 19 countries with 21,000 employees - O-I Glass, Inc. is a leading global producer of glass bottles and jars[19](index=19&type=chunk) - Glass is highlighted as a pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material[19](index=19&type=chunk) - In 2024, O-I achieved net sales of **$6.5 billion** with approximately **21,000 employees** across **69 plants** in **19 countries**[19](index=19&type=chunk) [Non-GAAP Financial Measures Disclosure](index=4&type=section&id=Non-GAAP%20Financial%20Measures%20Disclosure) O-I Glass uses non-GAAP measures like adjusted earnings and free cash flow to provide supplemental financial information, excluding non-recurring items for a clearer view of core operations, always supplemental to GAAP - The company uses non-GAAP financial measures including adjusted earnings, adjusted EPS, free cash flow, segment operating profit, and adjusted effective tax rate[20](index=20&type=chunk) - These measures provide supplemental financial information by excluding items not reflective of the company's principal business activity[20](index=20&type=chunk)[21](index=21&type=chunk) - Non-GAAP measures are reconciled to GAAP and should be considered supplemental, not in isolation or more important than comparable GAAP measures[20](index=20&type=chunk) [Forward-Looking Statements](index=4&type=section&id=Forward-Looking%20Statements) This press release contains forward-looking statements reflecting O-I Glass's expectations, which involve inherent uncertainty and risk, as actual financial performance may differ due to various factors including economic conditions and strategic initiatives - Forward-looking statements reflect current expectations and projections about future events, involving inherent uncertainty and risk[24](index=24&type=chunk) - Future financial performance may differ due to factors including 'Fit to Win' benefits, economic conditions, raw material costs, competitive pressures, and MAGMA discontinuation impacts[25](index=25&type=chunk) - The company does not assume any obligation to update or supplement any forward-looking statements in this document[26](index=26&type=chunk)

Core Viewpoint - O-I Glass, Inc. reported a mixed financial performance for the second quarter of 2025, with a significant decline in reported earnings due to restructuring charges, while adjusted earnings showed a 20% increase year-over-year, reflecting the effectiveness of the company's "Fit to Win" initiatives [2][4][8]. Financial Performance - The company reported net sales of $1.7 billion for Q2 2025, consistent with the previous year, benefiting from favorable currency translation but offset by lower selling prices and a 3% decline in shipment volume [3]. - Earnings before income taxes were $7 million, down from $104 million in Q2 2024, primarily due to $108 million in restructuring and asset impairment charges related to the MAGMA program discontinuation [4]. - Adjusted earnings per share (EPS) were $0.53, up from $0.44 in the same quarter last year, while reported EPS was a loss of $0.03 compared to a profit of $0.36 [8]. Strategic Initiatives - The company has halted further development of the MAGMA program, concluding it does not meet operational or financial return requirements, and plans to reconfigure its Bowling Green facility to focus on premium output at lower costs [2][10]. - The "Fit to Win" initiative has generated $145 million in benefits year-to-date, contributing to the company's confidence in achieving its ambitious goals [2]. Updated Guidance - O-I Glass raised its full-year 2025 adjusted earnings guidance to a range of $1.30 to $1.55 per share, reflecting a projected improvement of 60% to 90% over 2024 results [9]. - The company anticipates free cash flow of $150 to $200 million for the full year, a significant improvement from the previous year despite expected cash restructuring costs of $140 to $150 million [9]. Segment Performance - In the Americas, segment operating profit increased to $135 million from $106 million, driven by operating cost reductions and a 4% growth in sales volume [14]. - In Europe, segment operating profit declined to $90 million from $127 million, impacted by a 9% drop in sales volume and higher operating costs [14].

Core Insights - The article emphasizes the importance of value investing as a successful strategy across various market conditions, focusing on undervalued stocks for potential profits [2] - Zacks has developed a Style Scores system to identify stocks with specific traits, highlighting Apogee Enterprises (APOG) and OI Glass (OI) as strong value stocks [3][6] Apogee Enterprises (APOG) - APOG holds a Zacks Rank of 2 (Buy) and a Value grade of A, indicating strong potential in the value investing category [3] - The company has a Price-to-Book (P/B) ratio of 1.89, which is lower than the industry average of 2.17, suggesting it may be undervalued [4] - APOG's Price-to-Cash Flow (P/CF) ratio is 7.97, compared to the industry's average of 9.03, further indicating potential undervaluation [5] - Over the past year, APOG's P/B has fluctuated between 1.68 and 3.78, with a median of 2.24, while its P/CF has ranged from 6.12 to 13.26, with a median of 8.39 [4][5] OI Glass (OI) - OI Glass has a Zacks Rank of 1 (Strong Buy) and a Value grade of A, making it another attractive option for value investors [6] - The stock is currently trading at a forward earnings multiple of 9.11 and a PEG ratio of 0.26, both lower than the industry averages of 9.48 and 0.27, respectively [6] - OI's P/B ratio stands at 1.82, also below the industry average of 2.17, indicating potential undervaluation [7] - In the past year, OI's P/B has varied from 1.04 to 1.96, with a median of 1.37 [7] Conclusion - Both Apogee Enterprises and OI Glass exhibit strong value characteristics, with favorable P/B and P/CF ratios compared to their respective industry averages, suggesting they are currently undervalued [8]

Zacks Consensus Estimate This glass container manufacturer is expected to post quarterly earnings of $0.41 per share in its upcoming report, which represents a year-over-year change of -6.8%. Revenues are expected to be $1.71 billion, down 0.8% from the year-ago quarter. The market expects O-I Glass (OI) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earning ...

Core Insights - O-I Glass has achieved its sustainability goals for renewable electricity and greenhouse gas emissions six years ahead of schedule, originally set for 2030 [1][2] - The company reached 51% renewable electricity usage globally, surpassing the 40% target, and reduced Scope 1 and 2 greenhouse gas emissions by 30%, exceeding the initial 25% reduction goal from the 2017 baseline [2][4] - O-I has announced enhanced sustainability goals for 2030, aligned with the Paris Agreement's 1.5°C pathway, reflecting its commitment to reducing environmental impact [3][4] Sustainability Achievements - The Total Recordable Incident Rate for O-I employees in 2024 was 1.48, marking a 48% decrease from 2019, indicating a focus on safety in building a sustainable business [4] - The company aims for a 47% reduction in greenhouse gas emissions and 80% use of renewable electricity by 2030, alongside a 60% average use of cullet (recycled glass) [7] Company Overview - O-I Glass, headquartered in Perrysburg, Ohio, is a leading producer of glass bottles and jars, achieving revenues of $6.5 billion in 2024 [6]

Company Performance - O-I Glass has shown a year-to-date performance increase of approximately 33.2%, significantly outperforming the average gain of 6.2% in the Industrial Products group [4] - The Zacks Consensus Estimate for O-I Glass's full-year earnings has increased by 9.1% over the past quarter, indicating a positive trend in analyst sentiment [3] - O-I Glass holds a Zacks Rank of 1 (Strong Buy), positioning it favorably among its peers [3] Industry Context - O-I Glass is part of the Glass Products industry, which currently ranks 1 in the Zacks Industry Rank, despite the industry experiencing an average loss of 3.7% year-to-date [5] - In comparison, Otis Worldwide, another stock in the Industrial Products sector, has returned 8.4% year-to-date and holds a Zacks Rank of 2 (Buy) [4][5] - The Manufacturing - General Industrial industry, to which Otis Worldwide belongs, is ranked 36 and has seen a year-to-date increase of 5.6% [6]