O-I Glass Posts $6.4B Sales, $1.60 Adjusted EPS and $300M Cost Savings
O-I Glass reported 2025 net sales of $6.4 billion and a net loss of $0.84 per share, while adjusted earnings rose to $1.60 per share on $846 million segment operating profit. The Fit to Win program delivered $300 million in savings and free cash flow climbed to $168 million, prompting raised three-year savings target to $750 million.
1. Full Year 2025 Financial Highlights
O-I Glass generated net sales of $6.4 billion in 2025, a slight decline from $6.5 billion in 2024, and reported a net loss of $0.84 per share. Adjusted earnings nearly doubled to $1.60 per share, operating activities provided $600 million of cash, and free cash flow improved to $168 million.
2. Segment Operating Profit Trends
Segment operating profit rose to $846 million, up 13% from $748 million in the prior year. The Americas segment delivered $549 million in profit, a 40% increase driven by lower costs and net price gains, while Europe profit fell to $297 million as volumes softened and pricing pressure persisted.
3. Fit to Win Savings and Outlook
The Fit to Win program realized $300 million in benefits in 2025, exceeding initial goals and enabling a raise of the cumulative three-year savings target to at least $750 million. Management reaffirmed 2027 financial targets and expects continued cost savings and earnings growth in 2026 despite market uncertainty.