O-I Glass (OI) Q2 2025 Financial Results Summary

# O-I Glass, Inc. (OI) Q2 2025 Financial Results Summary

O-I Glass, Inc. (“O-I”) (NYSE: OI) reported its financial results for the second quarter ended June 30, 2025, on July 30, 2025. Below is a summary of the key metrics and developments from the report.

## Financial Highlights

– **Net Sales**:
– **Q2 2025**: $1.706 billion
– **Q2 2024**: $1.729 billion
– **Change**: Decreased by **1.3%** year-over-year

– **Earnings Before Income Taxes**:
– **Q2 2025**: $7 million
– **Q2 2024**: $104 million
– **Change**: Decreased by **93.3%** year-over-year

– **Net Loss Attributable to the Company**:
– **Q2 2025**: $(5) million or $(0.03) per share
– **Q2 2024**: $57 million or $0.36 per share
– **Change**: Loss compared to profit in the previous year

– **Adjusted Earnings**:
– **Q2 2025**: $82 million or $0.53 per share
– **Q2 2024**: $69 million or $0.44 per share
– **Change**: Increased by **20.5%** in earnings per share year-over-year

– **Segment Operating Profit**:
– **Total for Q2 2025**: $225 million
– **Total for Q2 2024**: $233 million
– **Change**: Decreased by **3.4%** year-over-year

### Segment Performance

– **Americas**:
– **Operating Profit**:
– Q2 2025: $135 million
– Q2 2024: $106 million
– **Change**: Increased by **27.4%**

– **Europe**:
– **Operating Profit**:
– Q2 2025: $90 million
– Q2 2024: $127 million
– **Change**: Decreased by **29.1%**

### Cost and Expenses

– **Cost of Goods Sold**:
– **Q2 2025**: $1.407 billion
– **Q2 2024**: $1.426 billion
– **Change**: Decreased by **1.3%**

– **Selling and Administrative Expenses**:
– **Q2 2025**: $106 million
– **Q2 2024**: $110 million
– **Change**: Decreased by **3.6%**

– **Retained corporate costs**:
– **Q2 2025**: $25 million
– **Q2 2024**: $32 million
– **Change**: Decreased by **21.9%**

### Guidance and Strategic Initiatives

– **Full-Year 2025 Guidance**:
– Adjusted Earnings Per Share (EPS) guidance raised to **$1.30 – $1.55** from previous guidance of **$1.20 – $1.50**.
– Projected improvement of **60% to 90%** over 2024 results.

– **Free Cash Flow Guidance**:
– Anticipated at **$150 – $200 million**, marking a potential **$300 million** improvement compared to the prior year.

– **Fit to Win Initiative**:
– Year-to-date benefits reached **$145 million**.

– **Operations Strategy**:
– Decision made to discontinue further MAGMA development; a focus on optimizing facilities, including the reconfiguration of the Bowling Green facility, was announced.

### Shareholder Actions

– **Share Repurchase**:
– During Q2 2025, $10 million worth of shares were repurchased.

– **Dividend**:
– No dividend was mentioned in the report; thus, it appears there was no quarterly dividend declared.

### Summary

O-I Glass demonstrated a strong performance in terms of adjusted earnings amid challenging market conditions. While net earnings decreased significantly due to restructuring and impairment charges, the efficiency initiatives contributed positively to adjusted earnings and segment profits, particularly in the Americas. The company’s strategic decisions regarding operational adjustments further indicate a focus on enhancing competitiveness and financial performance.