O-I Glass has reported financial results for the third quarter ended September 30, 2025.
“O-I delivered strong third-quarter earnings along with substantially higher margins compared to the prior year period,” said Gordon Hardie, Chief Executive Officer of O-I Glass. “Building on a stable top-line, we achieved much better results through disciplined execution of Fit to Win initiatives, higher production efficiency and favourable 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 prioritise 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 USD 75 million of benefits in the third quarter and USD 220 million year-to-date. We are on pace to exceed our USD 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 USD 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.”
The full report is available here.