Reports Q1 revenue $1.6B, consensus $1.56B. “O-I demonstrated strong performance in the first quarter of 2025, as our ‘Fit to Win’ strategy takes hold and we make significant progress towards becoming a more competitive and profitable company. While reported earnings were down from the prior year primarily due to restructuring actions, adjusted earnings surpassed our plan. Shipments increased across both the Americas and Europe and we achieved $61M in Fit To Win benefits which exceeded our projections. This helped offset expected net price pressure and the impact of temporary production curtailments aimed at rebalancing inventory levels. Momentum is building, and we remain confident in achieving our savings targets of at least $250M in 2025 and $650M cumulatively by 2027,” said Gordon Hardie, O-I Glass (OI) CEO.
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