O-I Glass, Inc. (OI) reported third-quarter net sales of $1.623 billion and a net loss attributable to the company of $13 million, versus $1.653 billion of sales and $30 million of earnings a year earlier. Reportable-segment operating profit was $139 million, compared with $235 million; Europe contributed $2 million, versus $95 million, while the Americas contributed $137 million, versus $140 million.
For the first nine months, the company recorded a net loss attributable to it of $1.058 billion, compared with $9 million of earnings. Results included a non-cash $873 million goodwill impairment in Europe. Segment operating profit was $451 million, versus $669 million, and operating activities used $35 million of cash, versus $198 million provided. Cash was $379 million and long-term debt was $4.736 billion as of September 30, 2026; O-I reported compliance with credit agreement covenants on that date.
In late October, O-I initiated a process with employee representatives regarding a proposed permanent European production-facility closure; no final decision will be made until that process is complete. Subject to final estimates, fourth-quarter charges are expected to be approximately $100 million to $120 million.
O-I Glass, Inc. (OI) reported third-quarter 2026 net sales of $1,623 million, versus $1,653 million a year earlier, and a net loss attributable to the company of $13 million, compared with net income of $30 million. Adjusted EBITDA was $234 million, versus $329 million; segment operating profit was $139 million, versus $235 million, including $2 million in Europe versus $95 million.
For the first nine months, net loss attributable to O-I was $1,058 million, and goodwill impairment was $873 million; operating cash flow was negative $35 million, versus $198 million in 2025. Cash and equivalents were $379 million as of September 30, 2026, and total liquidity was $1,533 million. The current 2026 free cash flow forecast is negative $300 million, compared with a prior forecast range of negative $50 million to negative $150 million.
O-I Glass, Inc. (OI) is named in an amended ownership report stating that Dimensional Fund Advisors beneficially owned 6,603,588 common shares, or 4.3% of the class, as of September 30, 2026. Dimensional says the reported securities are owned by investment companies, trusts, and accounts it collectively calls the “Funds.” It may possess voting or investment power over those shares, but disclaims beneficial ownership.
O-I Glass, Inc. director Y. Garza Eugenio Garza received an award of 5,420 phantom stock shares on October 1, 2026, bringing his reported direct phantom stock balance to 15,966 shares. Each phantom share is economically equivalent to one common share.
AllianceBernstein L.P., a Delaware limited partnership, filed an amended Schedule 13G reporting beneficial ownership of 9,613,720 shares of O-I Glass Inc common stock. This represents 6.3% of the outstanding class as of June 30, 2026, held solely for investment purposes in client discretionary advisory accounts. AllianceBernstein reports sole voting powersole dispositive power
Cooper Creek Partners Management LLC reported a significant passive ownership stake in O-I Glass, Inc. common stock. The firm beneficially owns 8,521,717 shares of O-I Glass, representing 5.5% of the class as of the reporting date.
Cooper Creek has sole voting power and sole dispositive power over all 8,521,717 shares, with no shared voting or dispositive authority. The filing states that the securities were not acquired and are not held for the purpose of changing or influencing control of O-I Glass, and are not part of any control-related transaction, other than activities solely in connection with a nomination under Item 11.
O-I Glass, Inc. reported weak second‑quarter 2026 results, with net sales of $1,668 million versus $1,706 million a year earlier and a net loss attributable to the Company of $972 million (basic EPS $(6.33)) versus a $5 million loss. For the first six months, net sales were $3,207 million and the net loss attributable to the Company was $1,046 million (EPS $(6.83)). The decline was driven primarily by a non‑cash $873 million goodwill impairment in the Europe reporting unit, which eliminated that unit’s goodwill.
Combined segment operating profit fell to $171 million from $225 million, as Europe’s profit dropped to $6 million from $90 million amid lower net pricing, higher energy costs and operational disruptions after plant restructuring. Americas segment operating profit improved to $165 million from $135 million, with higher prices and about $19 million of Fit to Win savings partly offsetting lower volumes. The Fit to Win program delivered roughly $53 million of quarterly benefits but has generated cumulative restructuring charges of about $700 million.
Cash declined to $339 million from $759 million at year‑end as operating activities used $200 million of cash in the first half and capital spending reached $237 million. Long‑term debt stood at $4,793 million, including new 9.500% senior notes due 2033 partly offset by redemption of $612 million of 6.625% notes due 2027. Share owners’ equity fell to $539 million. The company remained in compliance with covenants under its $2.7 billion secured credit agreement, with $1.11 billion of revolving capacity unused.
O-I Glass reported results for the quarter ended June 30, 2026, with net sales of $1,668 million versus $1,706 million a year earlier and a net loss attributable to the company of $972 million (basic and diluted loss per share $6.33), compared with a loss of $5 million in 2025.
Results included $873 million of goodwill impairment in other expense, net, plus restructuring and related items, contributing to earnings before income taxes of $(827) million. On an adjusted basis, management reports Q2 2026 earnings of $14 million, or adjusted EPS of $0.09, down from $82 million, or $0.53, in Q2 2025.
Americas segment operating profit increased to $165 million, while Europe declined to $6 million, bringing total segment operating profit to $171 million from $225 million. For full-year 2026, the company now forecasts free cash flow of $(50) million to $(150) million, versus a prior outlook of $50 million to $150 million.
O-I Glass, Inc. reported an organizational change affecting its European leadership. Effective July 8, 2026, Emmanuelle Guérin will no longer serve as Senior Vice President, Business Operations Europe. She remains employed as a non-executive employee on garden leave with continuation of her current salary and benefits through September 30, 2026, when her employment will terminate. She will be eligible to receive severance payments and benefits under O-I Glass, Inc.’s Amended and Restated Executive Severance Policy.
Garza y Garza Eugenio reported acquisition or exercise transactions in this Form 4 filing.
O-I Glass director Eugenio Garza y Garza received a grant of 3,180.1661 shares of phantom stock, each economically equivalent to one share of common stock. This award increased his phantom stock holdings to 10,545.4195 shares. The phantom stock will be settled in cash after he separates from service as a director, at his election.