O-I Glass 2025 Q1 Earnings Mixed Results as Net Income Declines 115.8%

O-I Glass reported its fiscal 2025 Q1 earnings on April 29, 2025. The company's earnings reflected a net loss, with a decline in net income and EPS compared to the previous year, indicating a challenging quarter. Despite this, O-I Glass reaffirmed its 2025 guidance, maintaining its outlook for adjusted EPS growth and improved free cash flow. The company continues to focus on its "Fit to Win" strategy, aiming for significant cost savings and operational enhancements. This approach appears to be gaining traction, as highlighted by CEO Gordon Hardie.

Revenue

Earnings/Net Income

O-I Glass swung to a loss of $0.10 per share in 2025 Q1 from a profit of $0.46 per share in 2024 Q1. The company reported a net loss of $12 million in 2025 Q1, a significant deterioration from the net income of $76 million in 2024 Q1, indicating poor performance this quarter.

Price Action

Post-Earnings Price Action Review

The impact of O-I Glass's earnings report on its stock price showed mixed results across different time frames. Revenue exhibited a positive correlation with long-term stock performance, with a 60% win rate over a 30-day period, indicating that the stock price tends to perform well when revenue increases following an earnings release. Net income showed volatility immediately after the release, with a 35% win rate over three days. However, the win rates improved to 50% over 10 days and 60% over 30 days, suggesting a more positive impact on stock price over time. Similarly, EPS also demonstrated immediate volatility with a 35% three-day win rate, but its influence became more consistent over longer durations, with 50% and 60% win rates over 10 and 30 days, respectively. Overall, while revenue, net income, and EPS all positively correlate with the stock price in the long term, some immediate volatility is primarily associated with net income and EPS.

CEO Commentary

Guidance

Additional News

O-I Glass has been actively pursuing its Fit to Win strategy, which aims to generate substantial savings by 2027. The company recently announced plans to enhance its geographic presence and expand in attractive categories, such as premium glass products. O-I Glass is also exploring growth through mergers and acquisitions, considering small bolt-on opportunities to strengthen its market position. Furthermore, the company has highlighted operational efficiency improvements, with a focus on reducing unit costs in key markets. This strategic shift includes realigning assets and specializing plants to optimize production, particularly for premium products like spirits. O-I Glass remains committed to executing its long-term value creation roadmap, aiming to enhance its competitive position and deliver profitable growth.