O-I Glass, Inc. (OI) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. My name is Kate and I will be your conference operator today. At this time, I would like to welcome everyone to the OI Glass first quarter 2026 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. Thank you. I would now like to turn the call over to Chris Manuel. Please go ahead. Thank you, Kate. And welcome, everyone, to the OI Glass first quarter 2026 earnings conference call. With me today are Gordon Hardy, our CEO, and John Hodrick, our CFO. After prepared remarks, we will open the line for Q&A. Our presentation materials are available on the company's website. Please review the safe harbor statements and the disclosures regarding our use of non-GAAP financial measures included in those materials. With that, I'll turn the call over to Gordon, who will begin on slide three. Good morning, everyone, and thank you for joining us. Today, we will review our first quarter results, what we are seeing across the business, and our outlook for the year. Before I begin, I want to thank all our OI colleagues across the world for their focus execution and commitment to supporting our customers in a tough environment. The year got off to a challenging start. While the top line held steady, demand was sluggish early in the quarter before improving through March. We also experienced elevated commercial pressures in Europe and several one time external events that increased our costs. As a result, First quarter adjusted earnings of 5 cents per share cam...