O-I Glass, Inc. (OI) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

end. If you would like to ask a question, press star 1 on your telephone keypad. I would now like to pass the conference over to our host, Chris Manu, Vice President of Investor Relations. Please go ahead. Thank you, Jerry, and welcome everyone to the OI Glass Third Quarter 2025 Earnings Conference Call. Our discussion today will be led by Gordon Hardy, our CEO, and John Hodrick, our CFO. Following prepared remarks, we will host a Q&A session. Presentation materials for this call are available on the company's website. Please review the Safe Harbor comments and disclosure of our use of non-GAAP financial measures included in those materials. Now I'd like to turn the call over to Gordon, who will start on slide three. Good morning, everybody, and thank you for your interest in OIGlass. Today we will review our third quarter performance, examine recent market trends, and highlight the progress we have made on our transformation journey. We will also share our improved outlook for 2025 and an early view on key business drivers for further improvement in 2026. Before we begin, I want to acknowledge the dedication and determination of the entire OIT. Your commitment, teamwork and execution are the drivers behind our ongoing transformation. Last night, we reported third quarter adjusted earnings of 48 cents per share, delivering strong results that exceeded both last year's performance and our own initial plans. Our top line remains stable, supported by higher average selling prices and favorable effects, even as overall consumer demand remains subdued. We saw revenue growth in non-alcoholic beverages, food, and RTDs, while beer and wine experience declines due to softer consumer demand. Importantly, the execution of our strategic initiatives is leading to a higher quality...