Maintaining Full-Year 2026 Guidance, But Seeing Additional Earnings Pressure in 1Q26PERRYSBURG, Ohio, Feb. 25, 2026 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE John Haudrich, Chief Financial Officer of O-I Glass, Inc. (“O-I,” NYSE: OI), will present at the BofA Securities 2026 Global Agriculture and Materials Conference on Wednesday, February 25, 2026, at 10:30 a.m. ET. During the presentation, O-I will outline its strategy to enhance shareholder value through improved competitiveness, disciplined cost trans ...

Core Viewpoint - O-I Glass, Inc. will participate in the BofA Securities 2026 Global Agriculture and Materials Conference, highlighting its commitment to engaging with investors and stakeholders in the industry [1]. Company Overview - O-I Glass is a leading producer of glass bottles and jars globally, emphasizing the sustainability and recyclability of glass as a packaging material [3]. - The company is headquartered in Perrysburg, Ohio, and operates approximately 64 plants in 18 countries, employing around 19,000 people [3]. - In 2025, O-I Glass achieved net sales of $6.4 billion, indicating strong financial performance [3]. Event Details - The presentation by O-I Glass Chief Financial Officer John Haudrich is scheduled for February 25, 2026, at 10:30 a.m. ET [1]. - A live webcast of the presentation will be available on the BofA Securities website and the company's Investor Relations page [1]. - A replay of the presentation will be accessible within 24 hours and archived for 90 days post-conference [2].

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]

Core Viewpoint - O-I Glass, Inc. reported strong financial results for 2025, with adjusted earnings nearly doubling compared to 2024, despite a net loss attributable to the company. The company emphasized the effectiveness of its "Fit to Win" strategy, which delivered significant benefits and improved operational performance [3][7]. Full Year 2025 Results - Net sales for 2025 were $6.426 billion, a slight decrease from $6.531 billion in 2024, attributed to stable average selling prices and favorable foreign currency translation offsetting lower sales volume [2][4]. - The company reported a net loss attributable to the company of $0.84 per share in 2025, compared to a loss of $0.69 per share in 2024 [8]. - Adjusted earnings per share (diluted) were $1.60 in 2025, up from $0.81 in 2024, aligning with the company's guidance of $1.55 to $1.65 [9]. - Cash provided by operating activities was $600 million in 2025, an increase from $489 million in 2024 [9]. - Free cash flow improved to $168 million in 2025, compared to a cash use of $128 million in the prior year, despite $90 million in incremental restructuring spending [10]. - Segment operating profit rose to $846 million in 2025, a 13% increase from $748 million in 2024, with a 170 basis point improvement in segment margins [6]. Fourth Quarter 2025 Results - Net sales for Q4 2025 were $1.5 billion, stable compared to $1.529 billion in Q4 2024, reflecting flat average selling prices [11][13]. - The company reported a loss before income taxes of $133 million in Q4 2025, compared to a loss of $125 million in the prior year [14]. - Segment operating profit for Q4 2025 was $177 million, up 30% from $136 million in Q4 2024, with a 280 basis point improvement in segment margins [15]. - Adjusted earnings per share (diluted) for Q4 2025 were $0.20, compared to an adjusted net loss of $0.05 in the prior year [18]. 2026 Outlook - O-I anticipates adjusted EBITDA for 2026 to be between $1.25 billion and $1.30 billion, representing up to a 7% increase over 2025 levels [19]. - The company forecasts adjusted earnings per share in the range of $1.65 to $1.90, indicating up to a 19% improvement over 2025 [21]. - Free cash flow is expected to approximate $200 million in 2026, a nearly 20% increase compared to 2025 [22]. - The company plans to benefit from at least $275 million of incremental "Fit to Win" initiatives in 2026, despite lower net price trends and flat to slightly declining sales volumes [20].

Core Viewpoint - O-I Glass, Inc. has scheduled its full year and fourth quarter 2025 earnings conference call and webcast for February 11, 2026, at 8 a.m. EST, with the earnings release to be issued on February 10, 2026 [1][2]. Company Overview - O-I Glass, Inc. is a leading global producer of glass bottles and jars, emphasizing the sustainability and recyclability of glass as a packaging material [3]. - The company is headquartered in Perrysburg, Ohio, and employs approximately 21,000 people across 69 plants in 19 countries [3]. - O-I Glass achieved revenues of $6.5 billion in 2024, indicating a strong market presence and operational scale [3].

Company Overview - Verallia has appointed Cristina Riesgo as its new Chief Financial Officer (CFO), effective March 1, 2026, succeeding Nathalie Delbreuve [1] - The company operates 35 glass production sites across 12 countries, employing nearly 11,000 people [6] Leadership Experience - Cristina Riesgo brings over 20 years of financial experience from various international companies, starting her career at General Electric (GE) [1][2] - At GE, she held several global leadership roles, including head of controlling, financial planning and analysis leader, and CFO for Supply Chain Factories [2] Recent Role - Prior to joining Verallia, Riesgo served as CFO of the Onshore division at Siemens Gamesa, managing financial operations for a $6 billion (€5.12 billion) business [3] Strategic Goals - Riesgo aims to ensure robust financial governance and drive initiatives for profitable and sustainable growth at Verallia [4] - The company’s CEO, Patrice Lucas, expressed confidence in Riesgo's leadership to support the group's growth plans and strategic objectives, aligning with its purpose to "reimagine glass for a sustainable future" [5] Event Postponement - Due to Riesgo's scheduled start date, Verallia has postponed its Capital Market Day from January 2026 to the third quarter of the year to facilitate her transition [6]

Company Participation - O-I Glass, Inc. will participate in Citi's 2025 Basic Materials Conference on December 3, 2025 [1] - The presentation will be led by CEO Gordon Hardie and CFO John Haudrich at 11:30 a.m. ET [1] Webcast Information - A live webcast of the presentation will be available at a specified link and on the Company's Investor Relations website [2] - The replay of the presentation will be accessible within 24 hours and archived for 90 days [2] Company Overview - O-I Glass is a leading producer of glass bottles and jars globally, emphasizing the sustainability of glass as a packaging material [3] - The company is headquartered in Perrysburg, Ohio, and employs approximately 21,000 people across 69 plants in 19 countries [3] - O-I Glass achieved revenues of $6.5 billion in 2024 [3]

Core Insights - O-I Glass, Inc. reported strong financial results for Q3 2025, with significant improvements in earnings and margins compared to the previous year [2][3][4] Financial Performance - Net sales for Q3 2025 were $1.7 billion, consistent with the prior year, benefiting from higher average selling prices and favorable currency translation [4] - Net earnings attributable to the company were $0.19 per share (diluted), a recovery from a net loss of $0.52 per share in Q3 2024 [8] - Adjusted earnings per share were $0.48, up from an adjusted loss of $0.04 per share in the same quarter last year [8] Segment Performance - Segment operating profit reached $235 million in Q3 2025, up from $144 million in Q3 2024, reflecting a 570 basis point improvement in margins [5] - In the Americas, segment operating profit rose to $140 million, a 59% increase from the prior year, driven by lower operating costs and favorable net pricing [5][7] - In Europe, segment operating profit increased to $95 million, a 70% rise from the previous year, supported by higher production levels and benefits from the Fit to Win initiatives [7] Strategic Initiatives - The company continues to execute its Fit to Win initiative, delivering $75 million in benefits for Q3 2025 and $220 million year-to-date, on track to exceed the $250 million annual target for 2025 [3][6] - O-I Glass is focusing on improving the quality of revenue and disciplined pricing strategies to enhance economic profit [3] Updated Guidance - The company raised its full-year 2025 adjusted earnings guidance to a range of $1.55 - $1.65 per share, nearly double the previous year's results [9][10] - Full-year free cash flow is expected to be between $150 million and $200 million, representing an improvement of approximately $300 million over the prior year [11]

Core Points - O-I Glass, Inc. has scheduled its third quarter 2025 conference call and webcast for November 5, 2025, at 8 a.m. EST [1] - The earnings release for the third quarter 2025 will be issued after market close on November 4, 2025 [1] - Earnings presentation materials will be available on the O-I website upon the release of the earnings news [1] Company Overview - O-I Glass, Inc. is a leading global producer of glass bottles and jars, emphasizing the sustainability and recyclability of glass as a packaging material [3] - The company is headquartered in Perrysburg, Ohio, and employs approximately 21,000 people across 69 plants in 19 countries [3] - O-I Glass achieved revenues of $6.5 billion in 2024, positioning itself as a preferred partner for many leading food and beverage brands [3]

Core Insights - O-I Glass has achieved its sustainability goals for renewable electricity and greenhouse gas emissions six years ahead of schedule, originally set for 2030 [1][2] - The company reached 51% renewable electricity usage globally, surpassing the 40% target, and reduced Scope 1 and 2 greenhouse gas emissions by 30%, exceeding the initial 25% reduction goal from the 2017 baseline [2][4] - O-I has announced enhanced sustainability goals for 2030, aligned with the Paris Agreement's 1.5°C pathway, reflecting its commitment to reducing environmental impact [3][4] Sustainability Achievements - The Total Recordable Incident Rate for O-I employees in 2024 was 1.48, marking a 48% decrease from 2019, indicating a focus on safety in building a sustainable business [4] - The company aims for a 47% reduction in greenhouse gas emissions and 80% use of renewable electricity by 2030, alongside a 60% average use of cullet (recycled glass) [7] Company Overview - O-I Glass, headquartered in Perrysburg, Ohio, is a leading producer of glass bottles and jars, achieving revenues of $6.5 billion in 2024 [6]