O-I Glass(US:OI)2025-04-30 00:53Financial Performance - First quarter 2025 adjusted earnings per share (aEPS) was $0.40, exceeding management's plan but below the prior year's $0.45[6, 7] - The company reaffirms its 2025 earnings guidance, expecting a 50% to 85% improvement from 2024, with adjusted EPS between $1.20 and $1.50, compared to $0.81 in 2024[6, 13, 14] - Free cash flow is projected to be between $150 million and $200 million in 2025, a significant improvement from the negative $128 million in 2024[14] Sales Volume and Demand - First quarter 2025 sales volume increased by approximately 4.4%, driven by inventory normalization and advanced purchases ahead of new tariffs[6, 8, 9] - Sales volume in both the Americas (AM) and Europe (EU) regions increased by approximately 4% in the first quarter of 2025[9] - The company anticipates stable sales volume for the full year 2025 compared to the prior year, with a reassessment planned for mid-2025 based on favorable trends[9] Fit To Win Savings Initiative - The company achieved $61 million in savings from its Fit To Win initiative in the first quarter of 2025[6, 10] - The Fit To Win program is on track to achieve savings of at least $650 million by 2027, with $250 million or more targeted for 2025[10] Tariff Exposure and Mitigation - Approximately 4.5% of the company's global sales volume is currently exposed to new tariffs, primarily affecting U S imports from the EU[21, 22] - The company emphasizes its local supply chain, with approximately 85% of sales and supply within 300 miles of its plants, to mitigate tariff-driven consumer volatility[22]