Earnings ·
O-I Glass, Inc. reported second quarter 2026 results on July 28, 2026, posting a net loss of $972 million, or $6.33…
OIO-I Glass, Inc.
O-I Glass, Inc. reported second quarter 2026 results on July 28, 2026, posting a net loss of $972 million, or $6.33 per diluted share, compared to a net loss of $5 million in the prior year. The results included an $873 million non-cash goodwill impairment charge and a $96 million increase to deferred tax valuation allowances in Europe. Adjusted earnings were $0.09 per share, down from $0.53 in the prior year, as strong Americas performance partially offset significantly lower Europe performance. Net sales declined 2 percent to $1.668 billion, driven by a 4.5 percent volume decline. The company revised its 2026 adjusted EBITDA guidance down to $1.0–$1.1 billion and realigned its 2027 target to $1.2–$1.3 billion. O-I Glass is a leading global producer of glass bottles and jars for the food and beverage industry.