Earnings summaries and quarterly performance for O-I Glass, Inc. /DE/.
Executive leadership at O-I Glass, Inc. /DE/.
Gordon Hardie
Detailed
Chief Executive Officer
CEO
AA
Arnaud Aujouannet
Detailed
Senior Vice President and Chief Sales and Marketing Officer
DA
Darrow Abrahams
Detailed
Senior Vice President, General Counsel and Corporate Secretary
JH
John Haudrich
Detailed
Senior Vice President and Chief Financial Officer
VT
Vitaliano Torno
Detailed
Senior Vice President, Chief Transformation Officer and President of O-I Europe
Board of directors at O-I Glass, Inc. /DE/.
Research analysts who have asked questions during O-I Glass, Inc. /DE/ earnings calls.
AV
Arun Viswanathan
RBC Capital Markets
6 questions for OI
Also covers: ALB, AMBP, AMCR +26 more
Gabe Hajde
Wells Fargo & Company
5 questions for OI
Also covers: AMBP, AMCR, ATR +12 more
Ghansham Panjabi
Robert W. Baird & Co.
5 questions for OI
Also covers: AMCR, ATR, AVNT +20 more
AS
Anojja Shah
UBS Group AG
4 questions for OI
Also covers: AMBP, BALL, CCK +5 more
GS
George Staphos
Bank of America
4 questions for OI
Also covers: AMBP, AMCR, ATR +18 more
AP
Anthony Pettinari
Citigroup Inc.
3 questions for OI
Also covers: AMBP, AMCR, AVY +26 more
Bryan Burgmeier
Citigroup Inc.
3 questions for OI
Also covers: AVY, CLH, GFL +5 more
MR
Michael Roxland
Truist Securities
3 questions for OI
Also covers: AMBP, AMCR, AVY +16 more
Joshua Spector
UBS
2 questions for OI
Also covers: ALB, AMBP, APD +37 more
KB
Kyle Benvenuto
Bank of America
2 questions for OI
MR
Mike Roxland
Truist Securities
2 questions for OI
Also covers: AMBP, BALL, CCK +6 more
PR
Paco Ruiz
BNP Paribas
2 questions for OI
FR
Francisco Ruiz
BNP Paribas
1 question for OI
NP
Niccolo Piccini
Truist Securities
1 question for OI
Also covers: AMBP, BALL, BERY +6 more
Recent press releases and 8-K filings for OI.
O-I Glass Announces Q4 and Full-Year 2025 Results, Provides 2026 Outlook
OI
Earnings
Guidance Update
Demand Weakening
- O-I Glass reported full-year 2025 adjusted earnings of $1.60 per share and free cash flow of $168 million, with adjusted earnings nearly doubling versus 2024. Fourth quarter 2025 adjusted earnings rebounded to $0.20 per share from a net loss in the prior year, on approximately $1.5 billion in net sales.
- The Fit to Win initiative delivered $300 million in benefits for 2025, exceeding its original target, and the three-year cumulative target was increased to at least $750 million. The company also reaffirmed its 2027 Investor Day financial targets.
- For 2026, O-I Glass anticipates adjusted EBITDA of $1.25-$1.3 billion, representing up to 7% growth over 2025, which includes an estimated $150 million energy cost step-up. Sales volumes are expected to be flat or slightly down.
- The company continues to operate in a challenging environment with FY 2025 shipments in tons down 2.5% amid a 3% decline in consumer consumption, but improved its leverage to 3.5.
Feb 11, 2026, 1:00 PM
O-I Glass, Inc. Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Guidance
OI
Earnings
Guidance Update
- O-I Glass, Inc. reported strong full-year 2025 performance, with adjusted EPS (aEPS) increasing to $1.60 from $0.81 in 2024, and Free Cash Flow (FCF) improving by approximately $300 million to $168 million.
- In Q4 2025, the company achieved an aEPS of $0.20, a significant improvement from -$0.05 in Q4 2024, and Segment Operating Profit increased 30% to $177 million.
- The "Fit to Win" program exceeded its 2025 target, delivering $300 million in actual savings against a $250 million target, leading to an increased 3-year target of ≥ $750 million.
- For 2026, the company provided guidance projecting aEPS between $1.65 and $1.90, Free Cash Flow of approximately $200 million, and adjusted EBITDA between $1,250 million and $1,300 million.
Feb 11, 2026, 1:00 PM
O-I Glass Reports Strong Full-Year 2025 Results and Raises Fit to Win Target
OI
Earnings
Guidance Update
Demand Weakening
- O-I Glass reported strong full-year 2025 results with adjusted earnings of $1.60 per share and free cash flow of $168 million, nearly doubling adjusted earnings from 2024, and reaffirmed its 2027 Investor Day financial targets.
- The "Fit to Win" program significantly exceeded expectations, delivering $300 million in benefits for 2025 and leading to an increased three-year cumulative target of at least $750 million.
- For 2026, the company forecasts adjusted EBITDA of $1.25 billion to $1.3 billion, an increase of up to 7% over 2025, even with an estimated $150 million energy cost step-up.
- Sales volumes in 2026 are projected to be flat or slightly down, with a challenging first quarter expected to improve to low to mid-single-digit growth in the second half, as the company continues to optimize its portfolio by exiting unprofitable business.
Feb 11, 2026, 1:00 PM
O-I Glass Reports Strong Full-Year 2025 Results, Raises Fit to Win Target, and Provides 2026 Outlook
OI
Earnings
Guidance Update
Demand Weakening
- O-I Glass reported full-year 2025 adjusted earnings of $1.60 per share and free cash flow of $168 million, with adjusted earnings nearly doubling compared to 2024.
- The "Fit to Win" initiative delivered $300 million in benefits in 2025, exceeding its original target, and the company raised its three-year cumulative Fit to Win target to at least $750 million.
- For 2026, O-I Glass projects adjusted EBITDA of $1.25 billion-$1.3 billion, an increase of up to 7% over 2025, despite an estimated $150 million energy cost step-up.
- Sales volumes are expected to be flat or slightly down in 2026, with Q1 volumes anticipated to be down mid- to high-single digits due to tough prior-year comparisons, improving to low to mid-single digit growth in the second half of the year.
Feb 11, 2026, 1:00 PM
O-I Glass Reports Full Year and Fourth Quarter 2025 Results, Provides 2026 Outlook
OI
Earnings
Guidance Update
Demand Weakening
- O-I Glass reported full year 2025 adjusted earnings per share of $1.60 and net sales of $6.426 billion.
- For the fourth quarter of 2025, the company reported adjusted earnings per share of $0.20 on net sales of $1.500 billion.
- The company provided 2026 guidance, expecting adjusted earnings per share between $1.65 and $1.90, adjusted EBITDA between $1.25 billion and $1.30 billion, and free cash flow of approximately $200 million.
- O-I Glass achieved $300 million in Fit To Win benefits in 2025 and increased its cumulative three-year Fit To Win benefit target to at least $750 million.
Feb 10, 2026, 9:30 PM
O-I Glass Reports Full Year and Fourth Quarter 2025 Results and Provides 2026 Outlook
OI
Earnings
Guidance Update
Demand Weakening
- O-I Glass reported full-year 2025 adjusted earnings per share of $1.60, nearly doubling the $0.81 from 2024, driven by $300 million in Fit to Win benefits.
- Free cash flow improved significantly to $168 million in 2025, compared to a $128 million use of cash in the prior year.
- For 2026, the company anticipates adjusted earnings per share in the range of $1.65 to $1.90 and free cash flow of approximately $200 million.
- O-I Glass also increased its cumulative three-year Fit To Win benefit target to at least $750 million.
Feb 10, 2026, 9:20 PM
O-I Glass Outlines Financial Targets and Progress on Transformation Program
OI
Guidance Update
New Projects/Investments
Demand Weakening
- O-I Glass is executing its "Fit-to-Win" transformation program, targeting $650 million in cost savings. The company increased its 2025 Fit-to-Win benefits guidance to $275-$300 million and expects to have achieved close to 50% of the three-year program after 15 months.
- The company projects significant financial improvement, aiming for $1.45 billion EBITDA by 2027 (an 8% CAGR from $1.1 billion in 2024) and aspiring to $1.65 billion EBITDA by 2029. They also expect to double adjusted earnings in 2025 compared to 2024, with guidance of $1.55-$1.65 per share.
- O-I Glass plans to improve free cash flow to greater than 5% of sales by 2027 and 7% of sales by 2029, which will facilitate debt reduction to below 2.5x and potential capital returns to shareholders.
- To enhance competitiveness, the company is permanently closing 13% of its capacity by Q1 2026 and aims to reduce its mainstream category cost base by 20% to better compete with alternative packaging.
Dec 3, 2025, 4:30 PM
O-I Glass Updates Financial Guidance and Strategic Progress
OI
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- O-I Glass has raised its 2025 outlook, now guiding for $1.55-$1.65 per share in earnings and expects to double adjusted earnings compared to 2024.
- The company's Fit-to-Win program has exceeded expectations, with anticipated benefits for 2025 increasing from an initial $250 million to $275-$300 million.
- O-I Glass is undergoing significant network optimization, permanently closing 13% of its capacity, with 8% functionally closed by the end of Q3 2025 and the remaining 5% by Q1 2026.
- Long-term targets include achieving $1.45 billion EBITDA by 2027 and $1.65 billion by 2029, with free cash flow as a percentage of sales increasing to greater than 5% by 2027 and 7% by 2029.
- The company aims to improve cost competitiveness, particularly against cans, by taking 13-15% of its cost base out through the Fit-to-Win program.
Dec 3, 2025, 4:30 PM
O-I Glass Discusses Strategic Transformation and Financial Targets
OI
Guidance Update
New Projects/Investments
Revenue Acceleration/Inflection
- O-I Glass is executing its "Fit-to-Win" program to achieve $650 million in cost savings by 2027, addressing an inflated cost base and improving competitiveness.
- The company has set financial targets for 2027, aiming for $1.45 billion EBITDA, 5% of revenues as free cash flow, and WACC plus two returns, with aspirations for $1.65 billion EBITDA and 7% of sales as free cash flow by 2029.
- O-I Glass raised its 2025 earnings guidance to $1.55-$1.65 per share and increased its Fit-to-Win benefits guidance to $275-$300 million, primarily due to operating improvements ahead of schedule.
- As part of network optimization, O-I Glass is permanently closing 13% of its capacity by the first quarter of 2026, with most actions in the Americas completed and remaining closures in Europe.
- The company anticipates improving cash flow, targeting $150-$200 million after restructuring in 2025, and plans to pay down debt to below 2.5x by 2029.
Dec 3, 2025, 4:30 PM
O-I Glass, Inc. Reports Strong Q3 2025 Results and Raises Full-Year Guidance
OI
Earnings
Guidance Update
New Projects/Investments
- O-I Glass, Inc. reported Q3 2025 adjusted earnings per share (aEPS) of $0.48, a significant improvement from -$0.04 in Q3 2024.
- The company raised its full-year 2025 aEPS guidance to $1.55 - $1.65 (from $1.30 - $1.55), expecting approximately double the prior year's earnings.
- O-I Glass is making strong progress on its "Fit To Win" strategy, achieving $220 million in benefits year-to-date 2025 and expecting $275 million to $300 million in total savings for 2025, towards a target of ≥ $650 million by 2027.
- The company has set long-term financial targets, including adjusted EBITDA of ≥ $1,450 million by 2027 and ≥ $1,650 million by 2029, and aims to increase its premium portfolio from 27% to ~40%.
Dec 2, 2025, 9:31 PM
Quarterly earnings call transcripts for O-I Glass, Inc. /DE/.
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