{
  "report_rows": [
    {
      "kpi": "Operating EBITDA",
      "prediction": "BEAT",
      "answer": "pred ~$548M vs. cons $539.5M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "North American packaging volume",
      "prediction": "IN-LINE",
      "answer": "pred ~3.50M short tons vs. cons 3.471M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "EMEA packaging volume",
      "prediction": "MISS",
      "answer": "pred ~1.83M short tons vs. cons 1.856M",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "FY26 operating EBITDA",
      "prediction": "BETTER",
      "answer": "guide ~$3.20B-$3.50B vs. cons $3.234B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "FY26 free cash flow",
      "prediction": "BETTER",
      "answer": "guide ~$300M-$500M vs. cons $344M",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "H2 pricing / EMEA margin commentary",
      "prediction": "UNCHANGED",
      "answer": "reiterate recovery bridge; no material tone upgrade",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": -2.5,
  "day1_confidence": "LOW",
  "day5_residual_pct": -4.0,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH \u2014 no FY raise against a high bar",
  "day5_confidence": "LOW"
}