O-I Glass has posted resilient results for the second quarter of 2025, underlining its position as a leading global player in the glass packaging industry. For the three months ended June 30, 2025, net sales remained steady at $1.7 billion, matching the prior-year period. Favourable currency translation gains were offset by slightly lower selling prices and a 3% drop in shipment volume.
While demand grew in the Americas, European markets saw a softening. Year-to-date shipment volumes were up nearly 1%. Earnings before income taxes fell sharply to $7 million from $104 million, largely due to $108 million in restructuring and asset impairment charges linked to the discontinuation of the Modular Advanced Glass Manufacturing Asset (MAGMA) programme.
CEO Gordon Hardie noted that adjusted earnings rose 20% year-on-year, driven by the company’s “Fit to Win” initiatives, which have delivered $145 million in benefits so far in 2025. In late July, O-I confirmed it would suspend one furnace and close one plant in the Americas, expecting $45 million in related charges in Q3.
O-I now forecasts full-year sales volumes in line with 2024 and has raised its 2025 guidance, projecting adjusted earnings growth of 60–90%, reinforcing its strength in the global glass industry. 
Source: O-I Glass with additional information added by Glass Balkan
