Financial Data and Key Metrics Changes - The company reported full-year adjusted earnings of $1.60 per share, nearly doubling compared to 2024, with free cash flow rebounding to $168 million [3][4] - Adjusted EBITDA increased by 11%, with margins expanding by 220 basis points, driven by Fit to Win benefits [7] - Economic spread expanded by 200 basis points, supported by stronger earnings and disciplined capital allocation [5] Business Line Data and Key Metrics Changes - In the Americas, segment operating profit rose by 40%, despite a 10% decline in volumes, primarily in beer and spirits [12] - In Europe, segment operating profit increased by 8%, with volumes declining by 3.5% [14] - Overall, shipments in tons were down 2.5%, reflecting a 3% decline in consumer consumption, but unit shipments were down only 1.5% due to a shift towards lighter weight and smaller format bottles [5][11] Market Data and Key Metrics Changes - The company maintained a modestly improved market share while shifting its mix towards higher value categories such as premium spirits and food [6][7] - The Americas faced challenges with inventory adjustments, particularly in spirits and beer, while Europe experienced price pressure in categories like wine and mainstream beer [12][14][88] Company Strategy and Development Direction - The company is focused on executing the Fit to Win initiative, which delivered $300 million in savings in 2025 and aims for at least $275 million in 2026 [8][10] - The strategic focus includes exiting unprofitable business segments to improve economic profit while maintaining or growing market share [15][33] - The company is reorienting its portfolio towards higher growth and higher margin segments, such as non-alcoholic beverages and premium products [58][59] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic pressures but expressed confidence in achieving 2027 financial targets [4][18] - The first quarter of 2026 is expected to be challenging due to tough year-over-year comparisons, but improvements are anticipated as the year progresses [16][70] - Management highlighted the importance of disciplined execution and cost management in navigating the current environment [8][39] Other Important Information - The company is working to improve supply chain efficiency, with forecasting success rates increasing from 50% to approximately 68%-69% [50] - The company expects to complete actions to eliminate excess capacity in Europe by mid-2026, which should improve operating performance [14][88] Q&A Session Summary Question: Volume decline in the Americas and inventory adjustments - Management indicated that up to half of the 10% volume decline in the Americas was due to inventory adjustments, particularly in beer and spirits [22][23] Question: Expanded savings target and energy headwind - The increase in the savings target to $750 million was not solely due to lower volumes but rather faster-than-expected savings execution [25][27] - The $150 million energy cost increase for 2026 is expected to be a one-time adjustment due to expiring favorable contracts [26] Question: Volume outlook and exiting unprofitable business - The 2026 volume outlook includes impacts from exiting unprofitable business, with expectations for continued improvement in volume management [32][33] Question: Changes in go-to-market strategy - The company is revamping its go-to-market model to better leverage insights and improve sales performance, focusing on higher growth segments [58][60] Question: European market dynamics and pricing - Management noted that while there is still some overcapacity in Europe, pricing has firmed up compared to the previous year [88][90]

Financial Data and Key Metrics Changes - Full-year adjusted earnings reached $1.60 per share, nearly doubling compared to 2024, with free cash flow rebounding to $168 million [3][4] - Adjusted EBITDA increased by 11%, with margins expanding by 220 basis points, while adjusted EPS nearly doubled due to stronger operating performance and a lower effective tax rate [6][11] - Economic spread expanded by 200 basis points, driven by stronger earnings and disciplined capital allocation [5][6] Business Line Data and Key Metrics Changes - In the Americas, segment operating profit rose by 40%, despite a 10% decline in volumes, primarily in beer and spirits [12] - European segment operating profit increased by 8%, with a 3.5% decline in volumes, reflecting contributions from strategic initiatives [13] - Overall, shipments in tons were down 2.5%, with a shift towards lighter weight and smaller format bottles contributing to a 1.5% decline on a unit basis [5][6] Market Data and Key Metrics Changes - Shipments in the Americas were impacted by inventory adjustments, with about half of the 10% volume decline attributed to this factor [21][24] - In Europe, consumption was down low single digits, with stable or slightly higher shipments in wine and food, while beer and spirits remained soft [13][85] - The company maintained a modestly improved market share while upgrading its business portfolio [5][6] Company Strategy and Development Direction - The company is focused on executing the Fit to Win initiative, which delivered $300 million in savings in 2025, with an increased target of at least $750 million for the next three years [8][9] - The strategy includes exiting unprofitable business segments to improve economic profit while maintaining or growing market share [15][33] - The company aims to optimize its portfolio and enhance its competitive position as markets recover [7][18] Management's Comments on Operating Environment and Future Outlook - Management acknowledged ongoing macroeconomic pressures but expressed confidence in achieving 2027 financial targets [4][18] - The company expects continued progress in 2026, with adjusted EBITDA projected between $1.25 billion and $1.3 billion, representing up to 7% growth versus 2025 [15][16] - Management highlighted the importance of disciplined execution and cost reduction in navigating the challenging environment [6][18] Other Important Information - Free cash flow is expected to approximate $200 million in 2026, reflecting higher earnings partially offset by slightly higher capital expenditures [16][70] - The company is working on improving supply chain efficiency, with demand forecasting success rates increasing from 50% to about 68%-69% [48][49] Q&A Session Summary Question: Volume decline in the Americas and inventory adjustments - Management indicated that up to half of the 10% volume decline was due to inventory adjustments, particularly in beer and spirits [21][22] Question: Expanded savings target and energy headwind - The increase in savings target to $750 million was not solely due to lower volumes but rather faster-than-expected savings execution [25][27] Question: Volume outlook and exiting unprofitable business - The 2026 volume outlook includes efforts to exit unprofitable business, with an expected additional 1% movement in that area [31][34] Question: Volume trajectory through 2026 - Management expects a tough first quarter but anticipates a transition to flat volumes in the second quarter and low to mid-single-digit growth in the back half of the year [66][67] Question: European market supply and demand dynamics - In Europe, there is still significant overcapacity in certain categories, but pricing has firmed up compared to the previous year [84][86]

FULL YEAR AND FOURTH QUARTER 2025 EARNINGS February 11, 2026 SAFE HARBOR COMMENTS AND FORWARD 2 -LOOKING STATEMENTS This presentation contains "forward-looking" statements related to O-I Glass, Inc. ("O-I Glass" or the "Company") within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and Section 27A of the Securities Act of 1933, as amended. Forward-looking statements reflect the Company's current expectations and projections about future events at the tim ...

O-I Glass (OI) came out with quarterly earnings of $0.2 per share, beating the Zacks Consensus Estimate of $0.19 per share. This compares to a loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +5.26%. A quarter ago, it was expected that this glass container manufacturer would post earnings of $0.44 per share when it actually produced earnings of $0.48, delivering a surprise of +9.09%.Over the last four quarters, th ...

Financial Performance - Net sales for 2025 were $6.426 billion, a slight decrease from $6.531 billion in 2024, with stable average selling prices and favorable foreign currency translation offsetting lower sales volume [5]. - Adjusted earnings per share (EPS) for 2025 was $1.60, nearly doubling from $0.81 in 2024, while the reported net loss attributable to the company was $0.84 per share compared to a loss of $0.69 per share in the previous year [9]. - Segment operating profit increased to $846 million in 2025, up 13% from $748 million in 2024, reflecting a 170 basis point improvement in segment margins [7]. - Net sales for Q4 2025 were $1,500 million, a decrease of 1.9% from $1,529 million in Q4 2024 [40]. - The company reported a net loss attributable to the Company of $138 million in Q4 2025, compared to a loss of $155 million in Q4 2024 [52]. - The adjusted EBITDA for the year ended December 31, 2025, was $1,218 million, an increase from $1,100 million in 2024 [59]. Cash Flow and Debt - Cash provided by operating activities was $600 million in 2025, an increase from $489 million in 2024, while free cash flow improved to $168 million from a cash use of $128 million in the prior year [10]. - O-I expects free cash flow to approximate $200 million in 2026, nearly a 20% increase compared to 2025 [24]. - Total debt remained stable at $5 billion as of December 31, 2025, with net debt leverage decreasing to 3.5x from 3.9x in 2024 [11]. - Long-term debt rose to $4,837 million as of December 31, 2025, compared to $4,553 million in the previous year [42]. - Cash at the end of the period was $759 million, an increase from $734 million at the end of Q4 2024 [44]. Segment Performance - Segment operating profit in the Americas rose to $549 million, a 40% increase from $392 million in the prior year, while Europe saw a decrease to $297 million, down 17% from $356 million [12]. - Segment operating profit for the Americas increased to $134 million in Q4 2025 from $96 million in Q4 2024, while Europe segment profit rose to $43 million from $40 million [49]. - The segment operating profit margin for the Americas improved to 15.1% in 2025 from 10.8% in 2024, while Europe’s margin decreased to 7.2% from 6.6% [47]. Future Projections - The company anticipates adjusted EBITDA for 2026 to be between $1.25 billion and $1.30 billion, representing up to a 7% increase over 2025 levels [21]. - Management forecasts adjusted EPS for 2026 in the range of $1.65 to $1.90, indicating up to a 19% improvement over 2025 [23]. - Free cash flow for the year ended December 31, 2025, is projected to be between $150 million and $200 million, compared to $168 million in 2024 [56]. Cost Management and Efficiency - Research, development, and engineering expenses decreased to $9 million in Q4 2025 from $18 million in Q4 2024, indicating a focus on cost management [40]. - Cumulative Fit to Win benefits increased to at least $750 million, significantly exceeding the original goal of $300 million for 2025 [4]. Risks and Uncertainties - The company highlighted risks related to supply chain disruptions and competitive pressures in its forward-looking statements [36]. - The Company is unable to provide a quantitative reconciliation of its forward-looking non-GAAP measure, adjusted effective tax rate, for periods ending after December 31, 2025 [61]. - Management cannot reliably predict all necessary components of GAAP financial measures without unreasonable efforts [61]. - Earnings (loss) before income taxes includes significant items such as restructuring charges and asset impairment charges [61]. - The provision for income taxes would include the income tax effect on significant items, which are complex and unpredictable [61]. - The amount recognized for each significant item can vary significantly, impacting future financial results [61]. - The Company cannot address the probable significance of unavailable information, which could be material to future financial results [61].

Core Viewpoint - O-I Glass, Inc. reported strong financial results for 2025, with adjusted earnings nearly doubling compared to 2024, despite a net loss attributable to the company. The company emphasized the effectiveness of its "Fit to Win" strategy, which delivered significant benefits and improved operational performance [3][7]. Full Year 2025 Results - Net sales for 2025 were $6.426 billion, a slight decrease from $6.531 billion in 2024, attributed to stable average selling prices and favorable foreign currency translation offsetting lower sales volume [2][4]. - The company reported a net loss attributable to the company of $0.84 per share in 2025, compared to a loss of $0.69 per share in 2024 [8]. - Adjusted earnings per share (diluted) were $1.60 in 2025, up from $0.81 in 2024, aligning with the company's guidance of $1.55 to $1.65 [9]. - Cash provided by operating activities was $600 million in 2025, an increase from $489 million in 2024 [9]. - Free cash flow improved to $168 million in 2025, compared to a cash use of $128 million in the prior year, despite $90 million in incremental restructuring spending [10]. - Segment operating profit rose to $846 million in 2025, a 13% increase from $748 million in 2024, with a 170 basis point improvement in segment margins [6]. Fourth Quarter 2025 Results - Net sales for Q4 2025 were $1.5 billion, stable compared to $1.529 billion in Q4 2024, reflecting flat average selling prices [11][13]. - The company reported a loss before income taxes of $133 million in Q4 2025, compared to a loss of $125 million in the prior year [14]. - Segment operating profit for Q4 2025 was $177 million, up 30% from $136 million in Q4 2024, with a 280 basis point improvement in segment margins [15]. - Adjusted earnings per share (diluted) for Q4 2025 were $0.20, compared to an adjusted net loss of $0.05 in the prior year [18]. 2026 Outlook - O-I anticipates adjusted EBITDA for 2026 to be between $1.25 billion and $1.30 billion, representing up to a 7% increase over 2025 levels [19]. - The company forecasts adjusted earnings per share in the range of $1.65 to $1.90, indicating up to a 19% improvement over 2025 [21]. - Free cash flow is expected to approximate $200 million in 2026, a nearly 20% increase compared to 2025 [22]. - The company plans to benefit from at least $275 million of incremental "Fit to Win" initiatives in 2026, despite lower net price trends and flat to slightly declining sales volumes [20].

Company Overview - O-I Glass, Inc. is the largest manufacturer of glass containers globally, operating 69 glass manufacturing plants across 19 countries [11]. Investment Ratings - O-I Glass currently holds a Zacks Rank of 3 (Hold) and has a VGM Score of A, indicating a solid position in the market [11]. Momentum and Performance - The company has a Momentum Style Score of A, with shares increasing by 7.4% over the past four weeks [12]. - An analyst has revised their earnings estimate higher for fiscal 2025, with the Zacks Consensus Estimate increasing by $0.01 to $1.60 per share [12]. - O-I Glass has demonstrated an average earnings surprise of +53.8%, suggesting strong performance relative to expectations [12].

O-I Glass ( OI ) has gained strong momentum over the past three months from the successful execution of their " Fit to Win" strategy. With their well-structured and solid plan, I believe O-I Glass will have some veryHi, my name is Sander Pettersen Heio, and I’m based in Norway. My investment focus spans small-cap to mid-cap companies and foreign equities, with a particular emphasis on the Nordic market. I analyze businesses across diverse industries, identifying both established players and emerging growth ...

Core Viewpoint - Zacks Premium provides tools and resources to help investors make informed decisions and enhance their confidence in stock market investments [1]. Summary by Category Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum characteristics, serving as complementary indicators to the Zacks Rank [2]. - Each stock receives a rating from A to F, with A indicating the highest potential for outperforming the market [3]. Value Score - The Value Style Score identifies attractive and discounted stocks using ratios such as P/E, PEG, Price/Sales, and Price/Cash Flow [3]. Growth Score - The Growth Style Score focuses on a company's financial strength and future outlook, analyzing projected and historical earnings, sales, and cash flow [4]. Momentum Score - The Momentum Style Score helps investors capitalize on price trends, utilizing factors like one-week price changes and monthly earnings estimate changes [5]. VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for selecting stocks with strong value, growth, and momentum [6]. Zacks Rank - The Zacks Rank is a proprietary stock-rating model that leverages earnings estimate revisions to guide investors in building successful portfolios [7]. - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +23.9% since 1988, significantly outperforming the S&P 500 [7]. Stock Selection Strategy - To maximize returns, investors should focus on stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B [9]. - Stocks with a 3 (Hold) rank should also have Style Scores of A or B to ensure potential upside [9]. Company Spotlight: O-I Glass - O-I Glass, Inc. is the largest manufacturer of glass containers globally, operating 69 manufacturing plants across 19 countries [11]. - The company currently holds a 3 (Hold) rating on the Zacks Rank and has a VGM Score of A, with a Value Style Score of A due to a forward P/E ratio of 8.27 [11]. - Recent earnings estimates for fiscal 2025 have been revised higher, with the Zacks Consensus Estimate increasing by $0.03 to $1.60 per share, and an average earnings surprise of +53.8% [12].

Core Viewpoint - O-I Glass, Inc. has scheduled its full year and fourth quarter 2025 earnings conference call and webcast for February 11, 2026, at 8 a.m. EST, with the earnings release to be issued on February 10, 2026 [1][2]. Company Overview - O-I Glass, Inc. is a leading global producer of glass bottles and jars, emphasizing the sustainability and recyclability of glass as a packaging material [3]. - The company is headquartered in Perrysburg, Ohio, and employs approximately 21,000 people across 69 plants in 19 countries [3]. - O-I Glass achieved revenues of $6.5 billion in 2024, indicating a strong market presence and operational scale [3].