O-I Glass (OI) Q4 2025 Earnings Call Transcript

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Wednesday, Feb. 11, 2026 astatine 8 a.m. ET

• Chair — Gordon Hardie

• Chief Financial Officer — John Haudrich

• Senior Vice President, Investor Relations — Christopher Manuel

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Gordon Hardie: and escaped currency travel rebounded to $168 million. These results bespeak meaningful advancement against our strategical objectives and were successful enactment with our astir caller upgraded guidance. A cardinal contributor was the continued outperformance of Fit to Win, which delivered $300 cardinal of benefits successful 2025, and much than offset ongoing macroeconomic pressures. We exited the twelvemonth with affirmative momentum arsenic 4th fourth adjusted net accrued meaningfully versus the anterior twelvemonth period. Looking ahead, expect continued advancement successful 2026 including different beardown twelvemonth of Fit to Win execution adjacent arsenic marketplace conditions stay challenging. Are reaffirming our 2027 Investor Day fiscal targets.

Despite challenging extremity markets, person accrued our cumulative Fit to Win payment people reinforcing our assurance successful achieving our 2027 adjusted EBITDA goal. As a result, we expect to proceed improving net expanding economical profit, strengthening escaped currency flow, and delivering sustainable agelong word worth for shareholders. John and I volition supply much item connected caller show and our outlook. Let america present crook to Page four, to recap our beardown afloat twelvemonth 2025 results. As you tin see, our show improved crossed our cardinal fiscal metrics. We created intrinsic worth with economical spread, grow expanding by 200 ground points, driven by stronger net much disciplined superior allocation, and continued web optimization. As intended, we maintained a unchangeable apical line.

Average selling prices were steady, portion favorable FX mostly offset a diminution successful volumes. Our shipments and tons were down 2.5% amid a 3% diminution successful user consumption. A fewer insights to add. On a portion basis, our shipments were down lone 1.5%, reflecting our deliberate displacement towards lighter value and smaller format bottles with beardown margins. And large projects startup successful Europe impacted shipments astir 1%. And finally, we capitalized connected emerging opportunities and pockets of maturation arsenic higher worth categories specified arsenic premium spirits, food, NEBs, and RTDs outperformed trends successful mainstream brew and wine. So we shifted our premix astir 1% towards a higher prime publication of business.

Overall, we judge OI maintained our humble modestly improved marketplace stock arsenic we proceed to upgrade our concern portfolio. Adjusted EBIT EBITDA accrued 11% with margins expanding 220 ground points arsenic Fit to Win benefits much than offset humble unit from nett terms and volumes. Adjusted EPS astir doubled driven by stronger operating show and a little effectual taxation rate. Free currency travel improved by astir $300 cardinal supported by higher adjusted earnings, favorable moving superior absorption and a 30% simplification successful superior expenditures. This betterment was achieved contempt $128 cardinal of restructuring payments which are expected to taper aft 2026.