Strong Third Quarter Profits
Third quarter adjusted earnings were reported at $0.48 per share, exceeding both last year's performance and the company's initial plans. Segment operating profit rose by more than 60% year-over-year, and margins are up by 570 basis points.
Successful Fit to Win Initiative
The Fit to Win program contributed $75 million in savings in the third quarter and $220 million year-to-date, surpassing the original 2025 savings target. The program is expected to range between $275 million and $300 million for 2025, with a cumulative benefit of at least $650 million by 2027.
Improved 2025 Outlook
The company has raised its full-year 2025 guidance, now expecting adjusted earnings per share to nearly double versus 2024. Free cash flow is projected at $150 million to $200 million, an improvement of approximately $300 million versus last year.
Strategic Market Positioning
O-I Glass is focusing on eliminating waste, inefficiencies, and building higher-quality revenue streams. Expected annual sales volume growth post-2027 is projected at 1% to 2%.