O-I Glass, Inc. Reports Second Quarter 2025 Results

O-I Glass, Inc. announced its financial results for the second quarter ended June 30, 2025. The company reported a net loss of $0.03 per share, down from net earnings of $0.36 per share in the same period last year, primarily due to restructuring charges. However, adjusted earnings rose to $0.53 per share, up from $0.44 per share in the second quarter of 2024. The company's segment operating profit was $225 million, slightly lower than the $233 million reported in the prior year. O-I Glass attributed its strong performance to the successful execution of its 'Fit to Win' initiatives, which have offset macroeconomic challenges in several markets. The company also announced the discontinuation of its MAGMA development program, citing a lack of financial viability. O-I Glass raised its full-year 2025 adjusted earnings guidance to a range of $1.30 to $1.55 per share, reflecting a projected improvement of 60 to 90 percent over 2024 results.