Financial Performance Highlights - The company's adjusted earnings per share (aEPS) for 3Q25 was $0.48, a significant improvement from 3Q24's $(0.04)[6, 9] - Segment operating profit increased by 63% and margins increased by 570 basis points[8] - Net sales remained relatively stable, with a slight decrease from $1.679 billion in 3Q24 to $1.653 billion in 3Q25[11, 14] - The company is raising its 2025 earnings guidance and now expects $1.55 - $1.65 aEPS, approximately a 2x improvement compared to the previous year[8] Fit to Win Program - The Fit to Win program contributed $75 million in benefits during 3Q25, bringing the year-to-date total to $220 million[8] - The company expects to exceed its 2025 Fit to Win savings target, with solid progress towards achieving ≥ $650 million in savings by 2027[12] Segment Performance - Segment operating profit in the Americas increased by 59%, from $88 million in 3Q24 to $140 million in 3Q25[16, 17] - Segment operating profit in Europe increased by 70%, from $56 million in 3Q24 to $95 million in 3Q25[16, 17] Future Outlook - The company expects higher aEPS and free cash flow (FCF) in 2026, with continued progress towards its 2027 Investor Day (I-Day) goals[8] - Capital expenditures (CapEx) are expected to remain stable at approximately $450 million[20]

Core Viewpoint - O-I Glass, Inc. reported a strong performance in Q1 2025 despite a net loss, driven by the implementation of its 'Fit to Win' strategy, which is expected to enhance competitiveness and profitability [2][3][10]. Financial Performance - Net earnings attributable to the company were a loss of $0.10 per share in Q1 2025, compared to earnings of $0.45 per share in Q1 2024 [10]. - Adjusted earnings per share (EPS) were $0.40 in Q1 2025, down from $0.45 in the same period last year [10]. - Earnings before income taxes decreased to $18 million in Q1 2025 from $117 million in Q1 2024, primarily due to restructuring and asset impairment charges of $80 million related to the 'Fit to Win' initiative [5][10]. Sales and Shipments - Net sales for Q1 2025 were $1.6 billion, consistent with the prior year, with a 4.4% increase in sales volume offset by unfavorable foreign currency translation and lower average selling prices [4]. - Year-to-date shipments through April 2025 increased approximately 3%, although recent demand softened amid uncertainty regarding new tariff policies [4]. Segment Performance - Segment operating profit in the Americas rose to $141 million in Q1 2025 from $102 million in the prior year, benefiting from over 4% sales volume growth [8]. - In Europe, segment operating profit fell to $68 million from $133 million, despite nearly 4% sales volume growth, due to lower net prices and higher operating costs [8][9]. - Total segment operating profit for the company was $209 million in Q1 2025, down from $235 million in the same period of 2024 [6]. Future Outlook - The company reaffirmed its 2025 guidance, anticipating adjusted EPS to increase by 50% to 85% from 2024 levels, projecting adjusted EPS in the range of $1.20 to $1.50 [11][12]. - Free cash flow is expected to improve significantly to between $150 million and $200 million in 2025, compared to a cash use of $128 million in 2024 [12].