PERRYSBURG, Ohio, Feb. 18, 2026 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I Glass” or “O-I”) today announced the Company will participate in BofA Securities 2026 Global Agriculture and Materials Conference on Wednesday, February 25, 2026. O-I Glass Chief Financial Officer John Haudrich will present at 10:30 a.m. ET. A live webcast of the presentation will be available at https://bofa.veracast.com/webcasts/bofa/globalagriculture2026/RnXq1t.cfm or can be accessed on the Company’s Investor Relations website, www ...

The number of shares of common stock, $.01 par value of O-I Glass, Inc. outstanding as of January 30, 2026 was 152,361,609. DOCUMENTS INCORPORATED BY REFERENCE Portions of the O-I Glass, Inc. Proxy Statement for the Annual Meeting of Share Owners to be held Wednesday, May 13, 2026 ("2026 Proxy Statement") are incorporated by reference into Part III hereof. Table of Contents TABLE OF CONTENTS | PART I | | 1 | | --- | --- | --- | | ITEM 1. | BUSINESS | 1 | | ITEM 1A. RISK FACTORS | | 9 | | ITEM 1B. UNRESOLVED ...

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Core Viewpoint - O-I Glass reported improved earnings and margins for 2025, with a positive outlook for 2026 despite challenges in demand and rising energy costs in Europe [4][6][14] Financial Performance - Adjusted earnings for 2025 were $1.60 per share, nearly doubling compared to 2024, with free cash flow of $168 million [3][6] - Adjusted EBITDA increased by 11% to approximately $1.25–1.3 billion for 2026, reflecting up to 7% growth [5][14] - Free cash flow is expected to be around $200 million in 2026, influenced by higher earnings and capital expenditures of about $450 million [15] Cost Management and Efficiency - The Fit to Win program delivered $300 million in savings for 2025, exceeding initial targets, with an increased three-year cumulative target raised to at least $750 million [7][5] - The program is expected to generate at least $275 million in additional savings for 2026 [5][7] Market Trends and Strategic Focus - The company is shifting its product mix towards higher value categories such as premium spirits, food, non-alcoholic beverages, and ready-to-drink products, which are outperforming mainstream beer and wine trends [1] - Management anticipates stable or slightly higher net sales for 2026, supported by better gross pricing and favorable foreign exchange [13][14] Segment Performance - In the Americas, segment operating profit rose 40%, despite a 10% decline in volumes, attributed to inventory adjustments and changing consumer behavior [11] - European segment operating profit increased by 8%, with a 3.5% decline in volumes, while strategic initiatives and higher production contributed positively [12] Operational Improvements - The company is enhancing demand forecasting and supply chain efficiency, with forecast accuracy improving from about 50% to approximately 68% [20] - A revamp of the go-to-market model is underway, focusing on better insights and rigorous sales management [21] Future Outlook - Management expects the first quarter of 2026 to be challenging due to prior-year comparisons, but anticipates volume improvements throughout the year [16] - The company reaffirmed its 2027 Investor Day targets, emphasizing progress in adjusted EBITDA, margins, and free cash flow conversion [22]

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] - The company shifted its mix towards higher value categories, resulting in a 1% increase in the quality of its business portfolio [6] Market Data and Key Metrics Changes - Shipments in tons were down 2.5%, reflecting a 3% decline in consumer consumption [5] - The company maintained a stable top line, with average selling prices remaining flat while favorable foreign exchange largely offset volume declines [11] - The company noted that the U.S. market is experiencing high inventory levels, particularly in spirits, affecting consumption [23] Company Strategy and Development Direction - The company is focused on executing its Fit to Win initiative, which delivered $300 million in savings in 2025 and aims for at least $275 million in 2026 [8][9] - The company is committed to exiting unprofitable business segments to improve economic profit while maintaining or growing market share [15] - The company is reorienting its portfolio towards higher growth segments such as non-alcoholic beverages and premium spirits [58] 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] - Management highlighted the importance of disciplined execution and cost management in navigating the challenging environment [8][18] 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 anticipates a challenging first quarter in 2026 due to tough year-over-year comparisons but expects improvement as the year progresses [16][70] 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 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 efforts to exit unprofitable business, with an expected additional 1% movement in that direction [32][34] Question: Changes in go-to-market strategy - The company is revamping its go-to-market model to better leverage insights and improve sales performance [60][61] 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] Question: Impact of the World Cup on volumes - The World Cup is seen as a potential upside, but current guidance does not fully account for event-specific impacts [102]

O-I Glass (NYSE:OI) Q4 2025 Earnings call February 11, 2026 08:00 AM ET Company ParticipantsAnojja Shah - Equity Research DirectorChris Manuel - VP of Investor RelationsGordon Hardie - CEOJohn Haudrich - CFOKyle Benvenuto - Equity Research AssociateMike Roxland - Managing DirectorConference Call ParticipantsArun Viswanathan - Senior Equity AnalystBryan Burgmeier - Equity Research AnalystGabe Hajde - Research AnalystGhansham Panjabi - Senior Research AnalystPaco Ruiz - Senior Equity AnalystOperatorIt is now ...

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].