O-I Glass delivered strong results in 2025, with adjusted earnings nearly doubling versus 2024, driven by disciplined execution of its Fit to Win strategy which delivered $300 million in benefits. The company's financial performance was consistent with recent guidance, despite softer market demand and relatively stable net sales. Segment operating profit improved significantly, and free cash flow saw a substantial increase.
Net sales for Q4 2025 were $1.5 billion, stable compared to the prior year period, with flat average selling prices and favorable foreign currency translation offsetting a moderate decline in sales volumes.
The company reported a net loss attributable to the company of $0.90 per share in Q4 2025, compared to a net loss of $1.00 per share in Q4 2024.
Adjusted earnings per share for Q4 2025 were $0.20, a significant improvement from an adjusted net loss of $0.05 per share in the prior year quarter.
Segment operating profit increased by 30% to $177 million in Q4 2025, driven by lower operating costs and benefits from Fit to Win initiatives.
O-I Glass anticipates continued progress in 2026, with adjusted EBITDA expected to be in the range of $1.25 billion to $1.30 billion, representing up to a 7% increase over 2025 levels. Adjusted earnings per share are projected to be between $1.65 and $1.90, and free cash flow is expected to approximate $200 million.
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