Shares of O-I Glass (NYSE: OI) surged 5.32% in after-hours trading on Tuesday following the company's release of its second quarter 2025 financial results and an increase in its full-year guidance. The glass container manufacturer demonstrated strong performance despite challenging market conditions, showcasing the success of its ongoing 'Fit to Win' initiatives.

O-I Glass reported adjusted earnings of $0.53 per share for Q2 2025, significantly beating analysts' expectations of $0.41 per share. This represents a 20% increase compared to the $0.44 per share reported in the same quarter last year. While net sales remained consistent at $1.7 billion, the company's focus on cost management and efficiency improvements through its 'Fit to Win' program has yielded positive results.

In light of the strong performance, O-I Glass raised its full-year 2025 adjusted earnings guidance to a range of $1.30 to $1.55 per share, up from the previous outlook of $1.20 to $1.50 per share. This new guidance represents a projected improvement of 60 to 90 percent over 2024 results. The company also announced plans to optimize its operations, including the indefinite suspension of one furnace and the closure of one plant in its Americas segment, as part of its ongoing efforts to reduce redundant capacity and improve profitability.