UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark one) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-9576 For the quarterly period ended O-I GLASS, INC. March 31, 2025 (Exact name of registrant as specified in its charter) Delaware 22-2781933 (State or other jurisdiction of (I ...

O-I Glass, Inc. (OI) reported a first-quarter 2025 adjusted loss per share of 40 cents, which beat the Zacks Consensus Estimate of a loss of 18 cents. OI had posted earnings of 45 cents per share in the year-ago quarter. The 11% year-over-year decline was attributed to the company’s temporary production curtailment measures to lower its inventory levels amid sluggish demand and pricing pressure. OI, however, witnessed higher shipments across both the Americas and Europe and achieved $61 million in benefits ...

Financial Data and Key Metrics Changes - The company reported first quarter adjusted earnings of $0.40 per share, down from the previous year but exceeding management's expectations due to stronger sales volume and Fit to Win benefits [4][14] - Shipments increased by more than 4% compared to last year, reflecting a gradual recovery in market conditions [4][6] - The Fit to Win program generated savings of $61 million in the first quarter, contributing significantly to better-than-expected results [4][10] Business Line Data and Key Metrics Changes - Segment operating profit improved significantly in The Americas, driven by strong demand and strategic initiatives, while results in Europe trended down due to lower net prices and temporary production downtime [4][15] - In The Americas, sales volume grew nearly 4%, with strong performance in beer and spirits, while Europe saw a slight increase in volume but faced competitive pricing pressures [6][15] Market Data and Key Metrics Changes - Shipments in The Americas were up more than 4%, with inventory normalization and structural demand improvement in Latin America [6][7] - In Europe, volumes increased nearly 4% driven by customer inventory rebuilding, but there were challenges due to excess capacity and temporary curtailments [7][15] Company Strategy and Development Direction - The company is reaffirming its full-year 2025 guidance, expecting adjusted earnings to improve between 50% to 85% from 2024 levels [5][17] - The Fit to Win program aims to reduce total enterprise costs and optimize the network to support future profitable growth, with a target of $250 million in savings for 2025 [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed cautious optimism about the year, noting that while there are anticipated headwinds, the company is well-positioned to manage elements within its control [5][23] - The impact of changing global trade policies is uncertain, but the company believes it can capitalize on domestic production advantages [21][22] Other Important Information - The company is addressing excess capacity in Europe through temporary curtailments and is consulting with local works councils regarding long-term restructuring actions [7][15] - The company has made significant progress in reducing inventory, which is down approximately $225 million from the same time last year [16] Q&A Session Summary Question: Can you talk about any pre-buy effects and volume impacts? - Management indicated that pre-buying had a limited impact on the stronger volume in the quarter, with stronger sales seen in January and February [30] Question: What is the outlook for volumes in April? - Volumes were down about 1% or 2% in April, but overall, the company maintains a stable volume outlook for the year [31][32] Question: Can you provide insights on volume progress by end market? - Strong volume growth was reported across most categories in The Americas, particularly in beer and spirits, while Europe saw mixed results with some softness in spirits [44][45] Question: What are the plans for French operations given the slowdown in wine? - The company is realigning its operations to focus on premium products, while continuing to invest in key markets like France [50][51] Question: How are tariffs on aluminum seen as an opportunity? - Management noted that if aluminum prices increase, it could help close the cost gap with glass, but they are focused on improving their cost base independently of tariffs [54][57] Question: What is the expected trend for net price and operating costs throughout the year? - Net price pressures are expected to moderate in the second half of the year, while curtailment costs are also anticipated to decrease [62][63] Question: How is the company managing energy costs? - The company has favorable long-term energy contracts and is well-positioned for the current year, with ongoing efforts to manage future energy costs [78][81]

SAFE HARBOR COMMENTS AND FORWARD-LOOKING STATEMENTS This presentation contains "forward-looking" statements related to O-I Glass, Inc. ("O-I Glass" or the "Company") within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements reflect the Company's current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words "believe," " ...

FOR IMMEDIATE RELEASE For more information, contact: Chris Manuel Vice President of Investor Relations 567-336-2600 Chris.Manuel@o-i.com O-I GLASS REPORTS FIRST QUARTER 2025 RESULTS Segment operating profit was $209 million in the first quarter compared to $235 million in the same period of 2024. Strong Start to 2025 as 'Fit to Win' Takes Hold Reaf irming Full Year 2025 Guidance PERRYSBURG, Ohio (April 29, 2025) – O-I Glass, Inc. ("O-I") (NYSE: OI) today reported financial results for the first quarter ende ...

PERRYSBURG, Ohio, April 29, 2025 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE                                                           Strong Start to 2025 as ‘Fit to Win’ Takes HoldReaffirming Full Year 2025 Guidance O-I Glass, Inc. (“O-I”) (NYSE: OI) today reported financial results for the first quarter ended March 31, 2025.  Net Earnings (Loss) Attributable to the Company Per Share (Diluted)Earnings Before Income Taxes$M1Q251Q241Q251Q24Reported($0.10)                                      $0.45$18$117 Adju ...

O-I Glass (OI) shares soared 9.5% in the last trading session to close at $10.53. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.9% loss over the past four weeks.O-I Glass’ shares got a boost yesterday after U.S President Trump announced a 90-day pause on certain tariffs for most countries (except China). OI’s shares also gained since the company announced the launch of the "Fit to Win" initiative to improve its long-term com ...

Perrysburg, Ohio, April 08, 2025 (GLOBE NEWSWIRE) -- -- Over the past few years, the glass market in France has been considerably challenged, primarily due to a slow-down in the wine market. This slow-down, combined with overcapacity and strong competition, has prompted the company to consider additional actions to improve its long-term competitiveness. To face these challenges and adapt to an increasingly complex market, O-I has announced a strategic initiative, Fit to Win, aimed at ensuring the sustainabi ...

PERRYSBURG, Ohio, April 03, 2025 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE:OI) has scheduled its first quarter 2025 conference call and webcast for Wednesday, April 30, 2025, at 8 a.m. EDT. The Company's news release for the first quarter 2025 earnings will be issued after the market closes on Tuesday, April 29. What:         O-I Conference Call and WebcastEarnings presentation materials will also be posted on the O-I website, www.o-i.com/investors, when the earnings news release is issued. When:         We ...

O-I Glass, Inc. (OI) announced that it reached a milestone by successfully testing 100% biofuel in its Harlow, UK-based plant. The trial replaced natural gas in the glass-making furnace. This move demonstrates O-I Glass' continuous innovation and ability to unlock sustainability opportunities. This achievement is part of a broader initiative led by Glass Futures, a U.K.-based glass R&D organization. This initiative was in collaboration with the U.K. government's Net Zero Innovation Portfolio program, which ...