| Metric | Value ($ M) | Q2 FY25 | Q3 FY24 |
|---|---|---|---|
| Revenue | 1.7K | 3.1% | 1.6% |
| Total Income | 1.7K | 3.1% | 1.6% |
| Expenditure | 1.6K | 6.1% | 8.1% |
| PBT | 235.00 | 4.4% | 63.2% |
| Net Profit | 30.00 | 700.0% | 137.5% |
| OPM | 3.51% | 3.10pp | 6.90pp |
| NPM | 1.81% | 2.11pp | 6.58pp |
| EPS | 0.19 | 733.3% | 136.5% |
O-I Glass Reports Q3 2025 Results: Segment Operating Profit $235M
04 May 2026 · 4 May, 8:12 am
Summary
O-I Glass reported stable net sales of $1.7 billion for the third quarter of 2025, consistent with the prior year. Earnings before income taxes improved significantly to $58 million, compared to a loss of $57 million in the same period last year. Segment operating profit increased to $235 million, with notable improvements in both the Americas and Europe. The company is raising its full-year 2025 adjusted earnings guidance to $1.55 - $1.65 per share. Management expects continued momentum in 2026 and beyond, with further increases in adjusted earnings and free cash flow.
Key Highlights
- 1
O-I Glass reported third quarter 2025 net sales of $1.7 billion, consistent with the prior year period.
- 2
Earnings before income taxes totaled $58 million, an improvement of $115 million compared to a loss before income taxes of $57 million in the same period last year.
- 3
Segment operating profit rose to $235 million in the third quarter, up from $144 million in the same period of 2024.
- 4
Adjusted earnings were $0.48 per share, up from an adjusted loss of $0.04 per share in the third quarter of 2024.
- 5
The company is raising its full-year 2025 adjusted earnings guidance to $1.55 - $1.65 per share, nearly double last year’s results.
- 6
Segment operating profit in the Americas rose to $140 million, up from $88 million in the prior year period, a 59 percent improvement.
- 7
Segment operating profit in Europe increased to $95 million, up from $56 million in the prior year period, a 70 percent increase.
Management Comments
Gordon Hardie
O-I delivered strong third-quarter earnings along with substantially higher margins compared to the prior year period. Building on a stable top-line, we achieved much better results through disciplined execution of Fit to Win initiatives, higher production efficiency and favorable net price. We continue to make significant progress towards the targets set at our Investor Day earlier this year. Despite subdued demand, our stable top-line is underpinned by a higher quality of revenue, as we prioritize economic profit and take a disciplined approach to pricing, which includes tighter mix management and focus on expanding our business in attractive and growing categories. We continue to execute our Fit to Win initiative, delivering another $75 million of benefits in the third quarter and $220 million year-to-date. We are on pace to exceed our $250 million annual 2025 target for Fit to Win Benefits. As a result, O-I expects to achieve higher adjusted earnings, improved margins, greater free cash flow, and a healthier balance sheet in 2025. Given our solid performance, we are raising our full-year 2025 adjusted earnings guidance to $1.55 - $1.65 per share, nearly double last year’s results. We expect continued momentum in 2026 and beyond, with further increases in adjusted earnings and free cash flow as we implement our strategy. Ongoing execution of Fit to Win sets O-I up well to achieve its 2027 objectives and transition to profitable growth beyond 2027.
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