O-I Glass shares up as adjusted earnings beat expectations

Published 29/07/2025, 22:10
O-I Glass shares up as adjusted earnings beat expectations

Investing.com -- O-I Glass, Inc. (NYSE:OI) reported second quarter adjusted earnings that exceeded analyst expectations, driving shares up 5.3% as investors responded positively to the company’s performance despite challenging market conditions.

The glass container manufacturer posted adjusted earnings of $0.53 per share for the second quarter, significantly beating the analyst estimate of $0.41. Revenue for the quarter came in at $1.7 billion, in line with consensus estimates but flat compared to the same period last year.

While the company reported a net loss of $0.03 per share on a GAAP basis, down from earnings of $0.36 per share in the prior year period, adjusted earnings rose 20% YoY. The reported loss was primarily due to $108 million in restructuring and asset impairment charges, largely related to the discontinuation of the company’s MAGMA program.

"Our teams executed effectively to deliver a strong second quarter 2025 performance, despite a sluggish demand environment," said Gordon Hardie, Chief Executive Officer of O-I Glass.

Overall shipment volumes declined approximately 3% compared to the second quarter of 2024, with increased demand in the Americas offset by softening in Europe. The Americas segment saw operating profit rise to $135 million from $106 million last year, driven by cost reductions and 4% sales volume growth. Meanwhile, Europe’s segment operating profit fell to $90 million from $127 million, impacted by lower prices and a 9% drop in sales volume.

Based on strong performance from its Fit to Win initiatives, which have delivered $145 million in benefits year-to-date, O-I Glass raised its full-year 2025 adjusted earnings guidance to $1.30-$1.55 per share, up from the previous outlook of $1.20-$1.50. This represents a projected improvement of 60-90% over 2024 results.

The company maintained its free cash flow guidance of $150-$200 million for the full year, which would mark approximately $300 million improvement from the prior year.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.