O-I Glass reported adjusted earnings of $0.53 per share for Q2 2025, exceeding expectations and reflecting continued progress in cost reduction despite a challenging demand environment.

• Adjusted earnings increased significantly year-over-year, contributing to an optimistic revision of full-year 2025 guidance with earnings expected to rise by 60% to 90% versus 2024.
• The company's "Fit to Win" program delivered $84 million in cost savings this quarter, totaling $145 million for the first half, on track to exceed the $250 million target for the year.
• North American shipments rose approximately 4% in Q2, offsetting a 9% decline in European volumes due to macroeconomic challenges and supply chain issues.
• O-I discontinued MAGMA operations to focus resources on more competitive production strategies, planning reconfiguration of the Bowling Green facility to enhance premium output.