O-I Glass Reports Third Quarter 2025 Results

Core Insights - O-I Glass, Inc. reported strong financial results for Q3 2025, with significant improvements in earnings and margins compared to the previous year [2][3][4] Financial Performance - Net sales for Q3 2025 were $1.7 billion, consistent with the prior year, benefiting from higher average selling prices and favorable currency translation [4] - Net earnings attributable to the company were $0.19 per share (diluted), a recovery from a net loss of $0.52 per share in Q3 2024 [8] - Adjusted earnings per share were $0.48, up from an adjusted loss of $0.04 per share in the same quarter last year [8] Segment Performance - Segment operating profit reached $235 million in Q3 2025, up from $144 million in Q3 2024, reflecting a 570 basis point improvement in margins [5] - In the Americas, segment operating profit rose to $140 million, a 59% increase from the prior year, driven by lower operating costs and favorable net pricing [5][7] - In Europe, segment operating profit increased to $95 million, a 70% rise from the previous year, supported by higher production levels and benefits from the Fit to Win initiatives [7] Strategic Initiatives - The company continues to execute its Fit to Win initiative, delivering $75 million in benefits for Q3 2025 and $220 million year-to-date, on track to exceed the $250 million annual target for 2025 [3][6] - O-I Glass is focusing on improving the quality of revenue and disciplined pricing strategies to enhance economic profit [3] Updated Guidance - The company raised its full-year 2025 adjusted earnings guidance to a range of $1.55 - $1.65 per share, nearly double the previous year's results [9][10] - Full-year free cash flow is expected to be between $150 million and $200 million, representing an improvement of approximately $300 million over the prior year [11]