O-I Glass(US:OI) Globenewswire·2026-02-10 21:20Core Viewpoint - O-I Glass, Inc. reported strong financial results for 2025, with adjusted earnings nearly doubling compared to 2024, despite a net loss attributable to the company. The company emphasized the effectiveness of its "Fit to Win" strategy, which delivered significant benefits and improved operational performance [3][7]. Full Year 2025 Results - Net sales for 2025 were $6.426 billion, a slight decrease from $6.531 billion in 2024, attributed to stable average selling prices and favorable foreign currency translation offsetting lower sales volume [2][4]. - The company reported a net loss attributable to the company of $0.84 per share in 2025, compared to a loss of $0.69 per share in 2024 [8]. - Adjusted earnings per share (diluted) were $1.60 in 2025, up from $0.81 in 2024, aligning with the company's guidance of $1.55 to $1.65 [9]. - Cash provided by operating activities was $600 million in 2025, an increase from $489 million in 2024 [9]. - Free cash flow improved to $168 million in 2025, compared to a cash use of $128 million in the prior year, despite $90 million in incremental restructuring spending [10]. - Segment operating profit rose to $846 million in 2025, a 13% increase from $748 million in 2024, with a 170 basis point improvement in segment margins [6]. Fourth Quarter 2025 Results - Net sales for Q4 2025 were $1.5 billion, stable compared to $1.529 billion in Q4 2024, reflecting flat average selling prices [11][13]. - The company reported a loss before income taxes of $133 million in Q4 2025, compared to a loss of $125 million in the prior year [14]. - Segment operating profit for Q4 2025 was $177 million, up 30% from $136 million in Q4 2024, with a 280 basis point improvement in segment margins [15]. - Adjusted earnings per share (diluted) for Q4 2025 were $0.20, compared to an adjusted net loss of $0.05 in the prior year [18]. 2026 Outlook - O-I anticipates adjusted EBITDA for 2026 to be between $1.25 billion and $1.30 billion, representing up to a 7% increase over 2025 levels [19]. - The company forecasts adjusted earnings per share in the range of $1.65 to $1.90, indicating up to a 19% improvement over 2025 [21]. - Free cash flow is expected to approximate $200 million in 2026, a nearly 20% increase compared to 2025 [22]. - The company plans to benefit from at least $275 million of incremental "Fit to Win" initiatives in 2026, despite lower net price trends and flat to slightly declining sales volumes [20].