Why O-I Glass Stock Was Surging Today

Core Insights - O-I Glass reported strong quarterly results, with stock prices rising nearly 15%, outperforming the S&P 500 index's 0.8% gain [1] Financial Performance - For the third quarter, O-I Glass's net sales were flat year-over-year at $1.7 billion, with overall volume down but offset by higher average selling prices [3] - The company achieved a net income of $75 million, or $0.48 per share, compared to a loss of $6 million in the previous year [3] - Both net sales and earnings per share exceeded analyst estimates of $1.66 billion and $0.42 respectively [4] Future Guidance - Management raised its adjusted earnings guidance for 2025 to a range of $1.55 to $1.65 per share, up from a previous projection of $1.30 to $1.55, with the new low end above the consensus estimate of $1.47 [5] - O-I Glass maintained its forecast for free cash flow at $150 million to $200 million [6]