O-I Glass Inc. Reports $6,531M Net Sales in 2024, Projects aEBITDA Growth to ≥$1,450M by 2025E
O-I Glass Inc. has reported its financial results, highlighting net sales of $6.531 billion for 2024, which is 1.6 times higher than its next largest glass competitor. The company, a global leader in both mainstream and premium glass packaging, achieved $1.1 billion in adjusted EBITDA for the same period. Looking ahead, O-I Glass has set an earnings improvement target with adjusted EBITDA expected to reach between $1.17 billion and $1.21 billion in 2025, with a longer-term objective of at least $1.65 billion by 2029. This outlook reflects the company's strategic focus on transforming its cost base, optimizing the value chain, and building a more premium business portfolio. The company continues to leverage its global reach and privileged customer relationships to drive growth in targeted geographies, categories, and segments. O-I Glass remains committed to being the preferred glass supplier, emphasizing its competitiveness and value proposition in the packaging industry.
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