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
4 questions for OI
Also covers: ALB, AMBP, AMCR +25 more
Gabe Hajde
Wells Fargo & Company
4 questions for OI
Also covers: AMBP, AMCR, ATR +11 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
Ghansham Panjabi
Robert W. Baird & Co.
3 questions for OI
Also covers: AMCR, ATR, AVNT +20 more
MR
Michael Roxland
Truist Securities
3 questions for OI
Also covers: AMBP, AMCR, AVY +16 more
AS
Anojja Shah
UBS Group AG
2 questions for OI
Also covers: AMBP, BALL, CCK +3 more
Joshua Spector
UBS
2 questions for OI
Also covers: ALB, AMBP, APD +37 more
Bryan Burgmeier
Citigroup Inc.
1 question for OI
Also covers: AVY, GFL, RSG +4 more
FR
Francisco Ruiz
BNP Paribas
1 question for OI
NP
Niccolo Piccini
Truist Securities
1 question for OI
Also covers: AMBP, BALL, BERY +4 more
Recent press releases and 8-K filings for OI.
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
O-I Glass Reports Strong Q3 2025 Adjusted Earnings, Raises Full-Year Guidance
OI
Earnings
Guidance Update
Demand Weakening
- O-I Glass reported Q3 2025 adjusted earnings of $0.48 per share, exceeding both last year's performance and initial plans.
- The company raised its full-year 2025 adjusted earnings guidance to $1.55-$1.65 per share, which is nearly double its 2024 results.
- The "Fit-to-Win" initiative contributed $75 million in savings in Q3 and $220 million year-to-date, with full-year 2025 savings now expected to range between $275-$300 million.
- Despite stable net sales, full-year 2025 sales volumes are projected to be down about 2% due to softer consumer demand, though this is largely offset by net price improvements and Fit-to-Win benefits.
- O-I anticipates continued growth in adjusted earnings and free cash flow in 2026, driven by strong initiative benefits and disciplined capital allocation.
Nov 5, 2025, 1:00 PM
OI Announces Strong Q3 2025 Earnings and Raised Full-Year Guidance
OI
Earnings
Guidance Update
New Projects/Investments
- Adjusted earnings per share (aEPS) for Q3 2025 significantly improved to $0.48/sh, compared to ($0.04)/sh in the prior year period.
- Segment Operating Profit for Q3 2025 increased by 63% to $235 million, with Segment Operating Profit Margins rising 570 basis points to 14.4%. Net sales remained stable at $1,653 million.
- The company raised its 2025 adjusted EPS guidance to $1.55 - $1.65.
- The "Fit To Win" program contributed $75 million in benefits during Q3 2025, bringing year-to-date benefits to $220 million, and the company anticipates exceeding its 2025 savings target.
Nov 5, 2025, 1:00 PM
O-I Glass, Inc. Reports Strong Q3 2025 Results and Raises Full-Year Earnings Guidance
OI
Earnings
Guidance Update
- O-I Glass, Inc. reported net earnings attributable to the company of $0.19 per diluted share for Q3 2025, a significant improvement from a net loss of ($0.52) per diluted share in Q3 2024.
- Adjusted earnings per share for Q3 2025 were $0.48, compared to an adjusted loss of ($0.04) per share in the prior year period.
- The company's net sales for Q3 2025 were $1.7 billion, consistent with the prior year period, while segment operating profit increased to $235 million from $144 million in Q3 2024.
- O-I Glass, Inc. raised its full-year 2025 adjusted earnings guidance to $1.55 - $1.65 per share, up from the previous outlook of $1.30 - $1.55 per share.
Nov 4, 2025, 9:30 PM
O-I Glass Reports Strong Third Quarter 2025 Results and Raises Full-Year Earnings Guidance
OI
Earnings
Guidance Update
- O-I Glass reported adjusted earnings per share of $0.48 for the third quarter ended September 30, 2025, a significant increase from an adjusted loss of ($0.04) per share in the prior year period.
- The company's segment operating profit rose to $235 million in Q3 2025, up from $144 million in Q3 2024, with segment operating profit margins improving by 570 basis points.
- O-I Glass raised its full-year 2025 adjusted earnings guidance to a range of $1.55 - $1.65 per share, an increase from the previous outlook of $1.30 - $1.55 per share.
- The "Fit to Win" initiatives contributed $75 million in benefits during the third quarter and $220 million year-to-date, positioning the company to exceed its $250 million annual target for 2025.
Nov 4, 2025, 9:20 PM
O-I Glass, Inc. Subsidiary Enters New Credit Agreement
OI
Debt Issuance
- On September 30, 2025, Owens-Illinois Group, Inc., a direct, wholly owned subsidiary of O-I Glass, Inc., entered into an Amended and Restated Credit Agreement and Syndicated Facility Agreement.
- This agreement refinances a prior credit agreement and provides for up to $2.7 billion in borrowings, comprising term loans A, term loans B, and a revolving credit facility.
- The term loans A and the revolving credit facility mature in September 2030, while the term loans B mature in September 2032.
- The Credit Agreement includes a financial maintenance covenant, a Secured Leverage Ratio, which could restrict the ability of OI Group to undertake additional financing or acquisitions if the ratio exceeds the specified maximum.
Oct 1, 2025, 10:51 AM
Quarterly earnings call transcripts for O-I Glass, Inc. /DE/.
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