{"id":73815,"date":"2025-11-05T00:04:08","date_gmt":"2025-11-05T00:04:08","guid":{"rendered":"https:\/\/english.saigonbiz.com.vn\/2025\/11\/05\/o-i-glass-reports-third-quarter-2025-results\/"},"modified":"2025-11-05T00:04:08","modified_gmt":"2025-11-05T00:04:08","slug":"o-i-glass-reports-third-quarter-2025-results","status":"publish","type":"post","link":"https:\/\/english.saigonbiz.com\/vn\/o-i-glass-reports-third-quarter-2025-results\/","title":{"rendered":"O-I Glass Reports Third Quarter 2025 Results"},"content":{"rendered":"<div>\n<p>PERRYSBURG, Ohio, Nov.  04, 2025  (GLOBE NEWSWIRE) &#8212; <strong>FOR IMMEDIATE RELEASE<\/strong>\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0<\/p>\n<ul>\n<li style=\"text-align:left;\"><em>Stable Top-line With Significantly Higher Margins and Earnings<\/em><\/li>\n<li style=\"text-align:left;\"><em>Continued Strong Fit To Win Execution Drives Upgraded 2025 Earnings Guidance<\/em><\/li>\n<\/ul>\n<p align=\"justify\"><strong>\u00a0<\/strong>O-I Glass, Inc. (\u201cO-I\u201d) (NYSE: OI) today reported financial results for the third quarter ended September 30, 2025.<\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td rowspan=\"2\" style=\"width:13.2638%;;border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: justify ;  vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: middle ; \">\u00a0<\/td>\n<td colspan=\"5\" style=\"width:48.5929%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; \"><strong>Net Earnings (Loss) Attributable to the Company <\/strong><br \/><strong>Per Share (Diluted)<\/strong><\/td>\n<td colspan=\"4\" style=\"width:97.8182%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; \"><strong>Earnings (Loss) Before Income Taxes<\/strong><br \/><strong>$M<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"width:21.0885%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; \"><strong><em>3Q25<\/em><\/strong><\/td>\n<td colspan=\"3\" style=\"width:27.5045%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; \"><strong><em>3Q24<\/em><\/strong><\/td>\n<td style=\"width:29.8693%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; \"><strong><em>3Q25<\/em><\/strong><\/td>\n<td colspan=\"3\" style=\"width:67.9489%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: middle ; \"><strong><em>3Q24<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:13.2638%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: justify ;  vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; \"><strong>Reported<\/strong><\/td>\n<td colspan=\"2\" style=\"width:21.0885%;;text-align: center ;  vertical-align: middle; \"><strong>$<\/strong><strong>0.19<\/strong><\/td>\n<td style=\"width:8.01999%;;border-top: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; padding-right: 0 ; text-align: right ;  vertical-align: middle; vertical-align: top ; \">\u00a0<\/td>\n<td style=\"width:15.3717%;;text-align: center ;  vertical-align: middle; \"><strong>($0.52)<\/strong><\/td>\n<td style=\"width:4.11282%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; padding-left: 0 ; text-align: left ;  vertical-align: middle; vertical-align: top ; \">\u00a0<\/td>\n<td style=\"width:29.8693%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: top ; \"><strong>$58<\/strong><br \/>(margins up 690 basis points)<\/td>\n<td colspan=\"3\" style=\"width:67.9489%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; \"><strong>($<\/strong><strong>57<\/strong><strong>)<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td rowspan=\"2\" style=\"width:13.2638%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; text-align: justify ;  vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; \">\u00a0<\/td>\n<td colspan=\"5\" style=\"width:48.5929%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; \"><strong>Adjusted Earnings (Loss)<\/strong><br \/><strong>Earnings Per Share (Diluted)<\/strong><\/td>\n<td colspan=\"4\" style=\"width:97.8182%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: bottom ; \"><strong>Segment Operating Profit<\/strong><br \/><strong>$M<\/strong><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\" style=\"width:21.0885%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: top ; \"><strong><em>3Q25<\/em><\/strong><\/td>\n<td colspan=\"3\" style=\"width:27.5045%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: top ; \"><strong><em>3Q24<\/em><\/strong><\/td>\n<td style=\"width:29.8693%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: top ; \"><strong><em>3Q25<\/em><\/strong><\/td>\n<td colspan=\"3\" style=\"width:67.9489%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: top ; \"><strong><em>3Q24<\/em><\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:13.2638%;;border-top: solid black 1pt ; border-right: solid black 1pt ; text-align: justify ;  vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; \"><strong>Non \u2013 GAAP<\/strong><\/td>\n<td colspan=\"2\" style=\"width:21.0885%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; \"><strong>$<\/strong><strong>0.48<\/strong><\/td>\n<td colspan=\"3\" style=\"width:27.5045%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; \"><strong>($0.04)<\/strong><\/td>\n<td style=\"width:29.8693%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; vertical-align: top ; \"><strong>$235<\/strong><br \/>(margins up 570 basis points)<\/td>\n<td colspan=\"3\" style=\"width:67.9489%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; \"><strong>$<\/strong><strong>144<\/strong><\/p>\n<\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">\u201cO-I delivered strong third-quarter earnings along with substantially higher margins compared to the prior year period. Building on a stable top-line, we achieved much better results through disciplined execution of Fit to Win initiatives, higher production efficiency and favorable net price,\u201d said Gordon Hardie, Chief Executive Officer of O-I Glass.<\/p>\n<p align=\"justify\">\u201cWe 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 prioritize 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 $75 million of benefits in the third quarter and $220 million year-to-date. We are on pace to exceed our $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.\u201d<\/p>\n<p align=\"justify\">\u201cGiven our solid performance, we are raising our full-year 2025 adjusted earnings guidance to $1.55 &#8211; $1.65 per share, nearly double last year\u2019s 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,\u201d Hardie concluded.<\/p>\n<p align=\"justify\"><strong>Third Quarter 2025 Results<\/strong><\/p>\n<p align=\"justify\">O-I Glass reported third quarter 2025 net sales of\u00a0$1.7 billion, consistent with the prior year period. Net sales benefited from higher average selling prices and favorable currency translation.<\/p>\n<p align=\"justify\">Sales volume (in tons) was down as modest growth in the NAB, Food and RTD categories was more than offset by lower Beer and Wine. Yet, trends improved over the course of the quarter and volume was nearly flat with the prior year in September.<\/p>\n<p align=\"justify\">Earnings before income taxes totaled $58 million, an improvement of $115 million compared to a loss before income taxes of $57 million in the same period last year as margins increased 690 basis points. This increase primarily reflected a $91 million rise in segment operating profit, which reached $235 million in the third quarter, up from $144 million in the same period of 2024 and represented a 570 basis point improvement in segment operating profit margins.<\/p>\n<ul type=\"disc\">\n<li style=\"text-align:justify;\"><em><u>Americas<\/u><\/em>:\u00a0Segment operating profit rose to $140 million, up from $88 million in the prior year period, a 59 percent improvement as margins increased 550 basis points. Better results were driven by lower operating costs due to significant savings from O-I\u2019s Fit to Win initiatives as well as favorable net price. As expected, sales volumes declined moderately due to continued subdued consumer demand, inventory corrections in the beer value chain, and intentionally exiting unprofitable business.<\/li>\n<li style=\"text-align:justify;\"><em><u>Europe<\/u><\/em>:\u00a0Segment operating profit increased to $95 million, up from $56 million in the prior year period, a 70 percent increase as margins improved 590 basis points. Better results were driven by favorable operating costs reflecting higher production levels and benefits from Fit to Win initiatives. As expected, net price was a headwind, and sales volume, while down modestly, was flat excluding the impact of a major project start-up.\u00a0\u00a0<\/li>\n<\/ul>\n<p align=\"justify\">Retained corporate and other costs were $26 million, compared to $31 million in the prior year period. Net interest expense was $91 million, up from $87 million in the third quarter of 2024, primarily due to higher fees associated with the successful refinancing of the company\u2019s bank credit agreement.<\/p>\n<p align=\"justify\">The company reported net earnings attributable to the company of $0.19 per share (diluted) in the third quarter of 2025, up from a net loss of $0.52 per share in the prior year period.<\/p>\n<p align=\"justify\">Adjusted earnings, which exclude items not representative of ongoing operations, were $0.48 per share up from an adjusted loss of $0.04 per share in the third quarter of 2024.<\/p>\n<p align=\"justify\"><strong>Updated Full-Year 2025 Outlook<\/strong><\/p>\n<table style=\"border-collapse: collapse; width:100%; border-collapse:collapse ;\">\n<tr>\n<td rowspan=\"2\" style=\"width:51.1532%;;border-right: solid black 1pt ; text-align: justify ;  vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; \">\u00a0<\/td>\n<td colspan=\"2\" style=\"width:36.2956%;;border-right: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; \"><strong>2025 Guidance<\/strong><\/td>\n<td colspan=\"3\" style=\"width:12.5385%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; \"><strong>2024<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:18.1478%;;border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; \"><strong>Current<\/strong><\/td>\n<td style=\"width:18.1478%;;border-right: solid black 1pt ; text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; \"><strong>Previous<\/strong><\/td>\n<td colspan=\"3\" style=\"width:12.5385%;;border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; \"><strong>Actual<\/strong><\/td>\n<\/tr>\n<tr>\n<td style=\"width:51.1532%;;text-align: justify ;  vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; \"><strong>Adjusted Earnings Per Share (EPS)<\/strong><\/td>\n<td style=\"width:18.1478%;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; \"><strong>$1.55 &#8211; $1.65<\/strong><\/td>\n<td style=\"width:18.1478%;;border-top: solid black 1pt ; text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; \"><strong>$1.30 &#8211; $1.55<\/strong><\/td>\n<td colspan=\"3\" style=\"width:12.5385%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; \"><em>$<\/em><em>0.81<\/em><\/td>\n<\/tr>\n<tr>\n<td style=\"width:51.1532%;;text-align: justify ;  vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; \"><strong>Free Cash Flow \u2013 Source \/ (Use) ($M)<\/strong><\/td>\n<td style=\"width:18.1478%;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; \"><strong>$150 &#8211; $200<\/strong><\/td>\n<td style=\"width:18.1478%;;text-align: center ;  vertical-align: middle; border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; vertical-align: top ; \"><strong>$150 &#8211; $200<\/strong><\/td>\n<td colspan=\"3\" style=\"width:12.5385%;;border-top: solid black 1pt ; border-right: solid black 1pt ; border-bottom: solid black 1pt ; border-left: solid black 1pt ; text-align: center ;  vertical-align: middle; \"><em>($<\/em><em>128<\/em><em>)<\/em><\/td>\n<\/tr>\n<\/table>\n<p align=\"justify\">The company has increased its full-year 2025 adjusted earnings guidance reflecting strong year-to-date performance and continued momentum from the Fit to Win program.<\/p>\n<p align=\"justify\">O-I now expects adjusted earnings will be in the range of $1.55 &#8211; $1.65 per share, compared to the previous outlook of $1.30 &#8211; $1.55 per share. Management anticipates adjusted earnings per share will nearly double when compared to the 2024 results.<\/p>\n<p align=\"justify\">The company expects full-year free cash flow to be between $150 million and $200 million, representing an improvement of approximately $300 million over the prior year, even after accounting for about $150 million in cash restructuring costs. Although the earnings outlook has improved, the current year free cash flow guidance remains unchanged due to higher-than-expected restructuring opportunities. These increased costs are a result of O-I\u2019s accelerated network optimization initiatives, which are expected to deliver benefits in 2026 and beyond.<\/p>\n<p align=\"justify\">Guidance primarily reflects the company\u2019s current view on sales and production volume, mix and working capital trends; it may not fully reflect the potential impact of tariffs on U.S. imports or retaliatory tariffs on U.S. exports. O-I\u2019s adjusted earnings outlook assumes foreign currency rates as of November 3, 2025, and a full-year adjusted effective tax rate of approximately 33 &#8211; 36 percent.<\/p>\n<p align=\"justify\">The adjusted earnings and cash flow guidance ranges may not fully reflect uncertainty in macroeconomic conditions, foreign currency exchange rates, energy and raw materials costs, supply chain disruptions, labor challenges, and success in global profitability improvement initiatives, among other factors.<\/p>\n<p><strong>Conference Call Scheduled for November 5, 2025<\/strong><\/p>\n<p align=\"justify\">O-I\u2019s management team will conduct a conference call to discuss the company\u2019s latest results on Wednesday, November 5, 2025 at 8:00 a.m. EST.\u00a0\u00a0 A live webcast of the conference call, including presentation materials, will be available on the O-I website,\u00a0<a href=\"http:\/\/www.o-i.com\/investors\" rel=\"nofollow\" target=\"_blank\" title=\"www.o-i.com\/investors\">www.o-i.com\/investors<\/a>, in the News and Events section. A replay of the call will be available on the website for a year following the event.<\/p>\n<p align=\"justify\">Contact: Sasha Sekpeh, 567-336-5128 \u2013 O-I Investor Relations<\/p>\n<p align=\"justify\">In accordance with guidance provided by the SEC regarding the use of company websites and social media channels to disclose material information, O-I wishes to notify investors, media, and other interested parties that it uses its website (<a href=\"http:\/\/www.o-i.com\/investors\" rel=\"nofollow\" target=\"_blank\" title=\"www.o-i.com\/investors\">www.o-i.com\/investors<\/a>) to publish important information about O-I, including information that may be deemed material to investors, or supplemental to information contained in this or other press releases. The list of websites and social media channels that O-I uses may be updated on O-I\u2019s media and website from time to time. O-I encourages investors, media, and other interested parties to review the information the company may publish through its website and social media channels as described above, in addition to the company\u2019s SEC filings, press releases, conference calls, and webcasts.<\/p>\n<p align=\"justify\">O-I\u2019s year end and fourth quarter 2025 earnings conference call is currently scheduled for Wednesday, February 11, 2026 at 8:00 a.m. EST.<\/p>\n<p align=\"justify\"><strong>About O-I Glass <\/strong><\/p>\n<p align=\"justify\">At O-I Glass, Inc. (NYSE: OI), we love glass, and we are proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world\u2019s leading food and beverage brands. We innovate in line with customers\u2019 needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 21,000 people across 69 plants in 19 countries, O-I achieved net sales of $6.5 billion in 2024. Learn more about us:<a href=\"https:\/\/www.o-i.com\/\" rel=\"nofollow\" target=\"_blank\" title=\"o-i.com\">o-i.com<\/a> \/\u00a0<a href=\"https:\/\/www.facebook.com\/OIGlass\" rel=\"nofollow\" target=\"_blank\" title=\"Facebook\">Facebook<\/a> \/ <a href=\"https:\/\/twitter.com\/OI_Glass\" rel=\"nofollow\" target=\"_blank\" title=\"Twitter\">Twitter<\/a> \/ <a href=\"https:\/\/www.instagram.com\/OI_Glass\/\" rel=\"nofollow\" target=\"_blank\" title=\"Instagram\">Instagram<\/a> \/ <a href=\"https:\/\/www.linkedin.com\/company\/o-i\" rel=\"nofollow\" target=\"_blank\" title=\"LinkedIn\">LinkedIn<\/a><\/p>\n<p align=\"justify\"><strong>Non-GAAP Financial Measures<\/strong><\/p>\n<p align=\"justify\">The company uses certain non-GAAP financial measures, which are measures of its historical or future financial performance that are not calculated and presented in accordance with GAAP, within the meaning of applicable SEC rules. Management believes that its presentation and use of certain non-GAAP financial measures, including adjusted earnings, adjusted earnings per share, free cash flow, segment operating profit, segment operating profit margin and adjusted effective tax rate provide relevant and useful supplemental financial information that is widely used by analysts and investors, as well as by management in assessing both consolidated and business unit performance. These non-GAAP measures are reconciled to the most directly comparable GAAP measures and should be considered supplemental in nature and should not be considered in isolation or be construed as being more important than comparable GAAP measures.<\/p>\n<p align=\"justify\">Adjusted earnings relates to net earnings (loss) attributable to the company,\u00a0exclusive of items management considers not representative of ongoing operations and other adjustments because such items are not reflective of the company\u2019s principal business activity, which is glass container production. Adjusted earnings are divided by weighted average shares outstanding (diluted) to derive adjusted earnings per share. Segment operating profit relates to earnings before interest expense, net, and before income taxes and is also exclusive of items management considers not representative of ongoing operations as well as certain retained corporate costs and other adjustments. Segment operating profit margin is calculated as segment operating profit divided by segment net sales. Adjusted effective tax rate relates to provision for income taxes, exclusive of items management considers not representative of ongoing operations and other adjustments divided by earnings before income taxes, exclusive of items management considers not representative of ongoing operations and other adjustments. Management uses adjusted earnings, adjusted earnings per share, segment operating profit, segment operating profit margin and adjusted effective tax rate to evaluate its period-over-period operating performance because it believes these provide useful supplemental measures of the results of operations of its principal business activity by excluding items that are not reflective of such operations.\u00a0 The above non-GAAP financial measures may be useful to investors in evaluating the underlying operating performance of the company\u2019s business as these measures eliminate items that are not reflective of its principal business activity.<\/p>\n<p align=\"justify\">Further, free cash flow relates to cash provided by operating activities less cash payments for property, plant, and equipment. Management has historically used free cash flow to evaluate its period-over-period cash generation performance because it believes these have provided useful supplemental measures related to its principal business activity. It should not be inferred that the entire free cash flow amount is available for discretionary expenditures, since the company has mandatory debt service requirements and other non-discretionary expenditures that are not deducted from these measures. Management uses non-GAAP information principally for internal reporting, forecasting, budgeting and calculating compensation payments.<\/p>\n<p align=\"justify\">The company routinely posts important information on its website \u2013 <a href=\"http:\/\/www.o-i.com\/investors\" rel=\"nofollow\" target=\"_blank\" title=\"www.o-i.com\/investors\">www.o-i.com\/investors<\/a>.<\/p>\n<p align=\"justify\"><strong>Forward-Looking Statements<\/strong><\/p>\n<p align=\"justify\">This press release contains \u201cforward-looking\u201d statements related to O-I Glass, Inc. (\u201cO-I Glass\u201d or the \u201ccompany\u201d) within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the \u201cExchange Act\u201d) and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements reflect the company\u2019s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words \u201cbelieve,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201cwill,\u201d \u201ccould,\u201d \u201cwould,\u201d \u201cshould,\u201d \u201cmay,\u201d \u201cplan,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cpredict,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201ctarget,\u201d \u201ccommit,\u201d and the negatives of these words and other similar expressions generally identify forward-looking statements.<\/p>\n<p align=\"justify\">It is possible that the company\u2019s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the company\u2019s ability to achieve expected benefits from cost management, efficiency improvements, and profitability initiatives, such as its Fit to Win program, including expected impacts from production curtailments, reduction in force and furnace closures, (2) the general political, economic, legal and competitive conditions in markets and countries where the company has operations, including uncertainties related to economic and social conditions, trade policies and disputes, financial market conditions, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates, changes in laws or policies, legal proceedings involving the company, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (3) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current Ukraine-Russia and Israel-Hamas conflicts and disruptions in supply of raw materials caused by transportation delays), (4) competitive pressures from other glass container producers and alternative forms of packaging or consolidation among competitors and customers, (5) changes in consumer preferences or customer inventory management practices, (6) the continuing consolidation of the company\u2019s customer base, (7) impacts from the company\u2019s decision to halt further MAGMA development and operations, (8) unanticipated supply chain and operational disruptions, including higher capital spending, (9) seasonality of customer demand, (10) the failure of the company\u2019s joint venture partners to meet their obligations or commit additional capital to the joint venture, (11) labor shortages, labor cost increases or strikes, (12) the company\u2019s ability to acquire or divest businesses, acquire and expand plants, integrate operations of acquired businesses and achieve expected benefits from acquisitions, divestitures or expansions, (13) the company\u2019s ability to generate sufficient future cash flows to ensure the company\u2019s goodwill is not impaired, (14) any increases in the underfunded status of the company\u2019s pension plans, (15) any failure or disruption of the company\u2019s information technology, or those of third parties on which the company relies, or any cybersecurity or data privacy incidents affecting the company or its third-party service providers, (16) risks related to the company\u2019s indebtedness or changes in capital availability or cost, including interest rate fluctuations and the ability of the company to generate cash to service indebtedness and refinance debt on favorable terms, (17) risks associated with operating in foreign countries, (18) foreign currency fluctuations relative to the U.S. dollar, (19) changes in tax laws or global trade policies, (20) the company\u2019s ability to comply with various environmental legal requirements, (21) risks related to recycling and recycled content laws and regulations, (22) risks related to climate-change and air emissions, including related laws or regulations and increased environmental, social and governance scrutiny and changing expectations from stakeholders, and the other risk factors discussed in the company&#8217;s filings with the Securities and Exchange Commission.\u00a0<\/p>\n<p align=\"justify\">It is not possible to foresee or identify all such factors. Any forward-looking statements in this document are based on certain assumptions and analyses made by the company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results or developments may differ materially from expectations. While the company continually reviews trends and uncertainties affecting the company\u2019s results of operations and financial condition, the company does not assume any obligation to update or supplement any particular forward-looking statements contained in this document.\u00a0<\/p>\n<p id=\"gnw_attachments_section-header\">\n    <strong>Attachments<\/strong>\n<\/p>\n<ul id=\"gnw_attachments_section-items\">\n<li>\n        <a target=\"_blank\" href=\"https:\/\/ml.globenewswire.com\/Resource\/Download\/56311d0f-f353-4615-8293-e46ae088c6c7\" title=\"3Q 2025 O-I Glass Earnings Release\" rel=\"nofollow\">3Q 2025 O-I Glass Earnings Release <\/a>\n      <\/li>\n<li>\n        <a target=\"_blank\" href=\"https:\/\/ml.globenewswire.com\/Resource\/Download\/d8e17398-6201-4dbe-aec4-2fc86e76383d\" title=\"3Q 2025 O-I Glass Earnings Presentation\" rel=\"nofollow\">3Q 2025 O-I Glass Earnings Presentation <\/a>\n      <\/li>\n<\/ul>\n<pre>CONTACT: For more information, contact:\r\nChris Manuel\r\nVice President of Investor Relations\r\n567-336-2600\r\nChris.Manuel@o-i.com<\/pre>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MDU2Y2ZkOTItNDhmOC00OTYwLTliNTUtZTRkNTJjYmMxNjA5LTEwMTk0NzAtMjAyNS0xMS0wNC1lbg==\/tiny\/Owens-Illinois-General-Inc-.png\" referrerpolicy=\"no-referrer-when-downgrade\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>PERRYSBURG, Ohio, Nov. 04, 2025 (GLOBE NEWSWIRE) &#8212; FOR IMMEDIATE RELEASE\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Stable Top-line With Significantly Higher Margins and Earnings Continued Strong Fit To Win Execution Drives Upgraded 2025 Earnings Guidance \u00a0O-I Glass, Inc. (\u201cO-I\u201d) (NYSE: OI) today reported financial results for the third quarter ended September 30, 2025. \u00a0 Net Earnings (Loss) Attributable to [&#8230;]\n","protected":false},"author":1,"featured_media":73816,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-73815","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-people"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.6 (Yoast SEO v21.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>O-I Glass Reports Third Quarter 2025 Results - Biz and Live in Saigon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/english.saigonbiz.com\/vn\/o-i-glass-reports-third-quarter-2025-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"O-I Glass Reports Third Quarter 2025 Results\" \/>\n<meta property=\"og:description\" content=\"PERRYSBURG, Ohio, Nov. 04, 2025 (GLOBE NEWSWIRE) &#8212; FOR IMMEDIATE RELEASE\u00a0\u00a0 \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Stable Top-line With Significantly Higher Marg\" \/>\n<meta property=\"og:url\" content=\"https:\/\/english.saigonbiz.com\/vn\/o-i-glass-reports-third-quarter-2025-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Biz and Live in Saigon\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/SaigonbizGroup\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-05T00:04:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/english.saigonbiz.com\/vn\/wp-content\/uploads\/2025\/11\/Owens-Illinois-General-Inc-.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1\" \/>\n\t<meta property=\"og:image:height\" content=\"1\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"13 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/o-i-glass-reports-third-quarter-2025-results\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/o-i-glass-reports-third-quarter-2025-results\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#\/schema\/person\/267b348e6cf32a66aab33637c2d399a6\"},\"headline\":\"O-I Glass Reports Third Quarter 2025 Results\",\"datePublished\":\"2025-11-05T00:04:08+00:00\",\"dateModified\":\"2025-11-05T00:04:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/o-i-glass-reports-third-quarter-2025-results\/\"},\"wordCount\":2494,\"publisher\":{\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/#organization\"},\"articleSection\":[\"People\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/english.saigonbiz.com\/vn\/o-i-glass-reports-third-quarter-2025-results\/\",\"url\":\"https:\/\/english.saigonbiz.com\/vn\/o-i-glass-reports-third-quarter-2025-results\/\",\"name\":\"O-I Glass Reports Third Quarter 2025 Results - 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