O-I Glass, Inc. (OI) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, everyone, and thank you for joining the OIGlass full year and fourth quarter 2025 earnings conference call. My name is Lucy and I'll be coordinating your call today. During the presentation, you can register a question by pressing star followed by one on your telephone keypad. If you change your mind, please press star followed by two. It is now my pleasure to hand over to your host, Chris Manuel, Vice President of Investor Relations to begin. Please go ahead. Thank you, Lucy, and welcome, everyone, to the OIGlass fourth quarter and year-end 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. I'd now like to turn the call over to Gordon, who will start on slide three. Good morning, everyone, and thank you for your interest in OIGlass. Today, we will review our full year and fourth quarter 2025 results, discuss recent business trends, and provide an update on our strategic initiatives. We'll also outline our 2026 outlook and progress towards our 2027 investor day targets. Before we begin, I want to recognize the dedication of the entire OI team. Your commitment and execution continue to strengthen our performance. Last night, we reported full year adjusted earnings of $1.60 per share. Supported by stable top line, adjusted earnings nearly doubled versus 2024 and free cash flow rebounded to 168 million. These results reflect meaningful progress against our strategic objectives and were in line with our most recent upgraded guidance. The key contributor was th...