O-I Glass Q1 Earnings & Revenues Beat Estimates on Higher Volumes

O-I Glass, Inc. (OI) reported a first-quarter 2025 adjusted loss per share of 40 cents, which beat the Zacks Consensus Estimate of a loss of 18 cents. OI had posted earnings of 45 cents per share in the year-ago quarter. The 11% year-over-year decline was attributed to the company’s temporary production curtailment measures to lower its inventory levels amid sluggish demand and pricing pressure. OI, however, witnessed higher shipments across both the Americas and Europe and achieved $61 million in benefits ...