O-I Glass Delivers $1.60 EPS and $300M Fit to Win Benefits
O-I Glass’s adjusted EPS doubled to $1.60 in 2025 from $0.81 in 2024, driven by its Fit to Win program generating $300 million in efficiency benefits. Segment operating profit rose 13% to $846 million as a 40% profit surge in the Americas offset European energy headwinds.
1. 2025 Earnings Performance
O-I Glass reported adjusted EPS of $1.60 for 2025, up from $0.81 in 2024, reflecting almost double year-over-year growth. GAAP results showed a net loss of $0.84 per share due to one-time restructuring charges.
2. Fit to Win Efficiency Program
The Fit to Win program delivered $300 million in efficiency benefits in 2025, surpassing initial targets. These gains contributed to a 13% increase in segment operating profit, which reached $846 million.
3. Cash Flow and Restructuring Impact
Free cash flow turned positive at $168 million in 2025 versus a $128 million cash use the prior year, representing a $300 million turnaround despite $90 million in restructuring investments.
4. 2026 Guidance and Cost Management
For 2026, management raised the cumulative three-year Fit to Win target to at least $750 million and forecast adjusted EPS between $1.65 and $1.90. The company plans at least $275 million in new efficiency measures to offset a projected $150 million rise in European energy costs.