Filing Flows › O-I Glass (OI) › Q1 2025
O-I Glass (OI) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 30, 2025
O-I Glass (OI) reported revenue of $1.6B for the first quarter 2025 (Q1 2025), -2% from a year earlier and +2% from the quarter before. Operating margin was 1.1%, net loss $12.0M (0.8% of revenue).
O-I Glass, Q1 2025: revenue $1.6B (-2% year over year), operating margin 1.1%, net loss $12.0M, operating cash flow −$171M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.6B | +2% | -2% |
| Operating profit | $18.0M | — | — |
| Net earnings | −$12.0M | — | — |
| Operating cash flow | −$171M | — | — |
What changed
Revenue was $1.6B in Q1 2025, down 2% year over year and up 2% from the previous quarter. Americas was the largest line at 56% of revenue. Europe lost $0.04B year over year (down 6%), 162% of the total change.
Gross margin was 17.9%, down 2.1 points from a year earlier. Operating profit was $0.02B, a 1.1% margin (down 6.2 points year over year). Operating expenses grew 30% against a revenue fall of 2%. The fastest-growing cost line was Other operating costs (+146%). The quarter ended with a net loss of $0.01B, narrower than the previous quarter's $0.15B loss.
Operating cash flow was −$0.17B. Non-cash charges added back $0.12B of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $0.28B. Capital expenditures of $0.14B exceeded it, leaving free cash flow of −$0.31B.
Questions
What was O-I Glass' revenue in the first quarter 2025?
O-I Glass (OI) reported revenue of $1.6B for the first quarter 2025 (Q1 2025), -2% from a year earlier and +2% from the quarter before.
Was O-I Glass profitable in the first quarter 2025?
Operating profit was $18.0M (1.1% of revenue) and net loss $12.0M.
Source: O-I Glass 10-Q on SEC EDGAR.