Owens-Illinois (OI), also known as O-I Glass, saw its stock price surge 5.32% in after-hours trading on Tuesday following the release of its second-quarter 2025 financial results. The company reported strong performance and raised its full-year guidance, demonstrating resilience in a challenging market environment.
The glass container manufacturer posted adjusted earnings of $0.53 per share for Q2, significantly beating the analysts' estimate of $0.41 per share. While net sales remained consistent with the prior year at $1.7 billion, the company's 'Fit to Win' program helped drive improved profitability. Segment operating profit came in at $225 million, showcasing the company's ability to manage costs effectively despite macroeconomic headwinds.
In a strategic move, O-I Glass announced it would halt further development of its MAGMA program, focusing instead on optimizing its existing operations. The company also plans to reconfigure its Bowling Green facility into a best-cost, premium-focused operation. Additionally, O-I Glass raised its full-year 2025 adjusted earnings guidance to $1.30-$1.55 per share, up from the previous $1.20-$1.50, reflecting confidence in its operational improvements and market position. These factors combined to fuel investor optimism, driving the stock's after-hours rally.