O-I Glass Reports Strong Q3, Boosts 2025 Earnings Guidance
O-I Glass, Inc. (NYSE: OI) has reported a strong third quarter, with significant increases in earnings and operating profits across its segments. The company's Europe segment operating profit surged to $95 million, up 70% year-over-year, while the Americas segment saw a 59% increase to $140 million.
The glass manufacturer's overall segment operating profit reached $235 million, up from $144 million in the same period last year, marking a 570 basis point improvement in margins. Earnings before income taxes totaled $58 million, a significant turnaround from the $57 million loss in the same period of 2024.
Adjusted earnings per share for the quarter were $0.48, compared to an adjusted loss of $0.04 per share in the third quarter of 2024. Net earnings attributable to the company were $0.19 per share, up from a net loss of $0.52 per share in the prior year period. O-I Glass has also raised its full-year 2025 adjusted earnings guidance to $1.55 - $1.65 per share, nearly double last year's results.
Looking ahead, O-I Glass expects continued momentum in 2026 and beyond, with further increases in adjusted earnings and free cash flow as it implements its strategy. The company anticipates achieving higher adjusted earnings, improved margins, greater free cash flow, and a healthier balance sheet in 2025.
