A maker of glass bottles and jars for beer, wine, spirits, food, soft drinks, and medicines, O-I Glass runs dozens of plants across the Americas and Europe. The company traces its roots to Michael J. Owens, who invented the first fully automatic bottle-making machine in 1903, and to its 1929 merger with the Illinois Glass Company. Today it is one of the world's largest glass container makers, and its ULTRA technology makes bottles lighter while keeping them strong.
O-I Glass reports Q2 2026 net loss of $6.33 per share, revises 2026 guidance downward.
Net sales were $1,668 million in Q2 2026, down 2% from $1,706 million in Q2 2025.
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Reported net loss attributable to the company was $6.33 per share, including an $873 million non-cash goodwill impairment charge and a $96 million increase to deferred tax valuation allowances, both related to Europe.
Adjusted earnings per share (diluted) were $0.09, down from $0.53 in the prior-year quarter.
Americas segment operating profit rose 22% to $165 million with margins of 17.4%, while Europe segment operating profit fell to $6 million from $90 million.
The company revised 2026 guidance to adjusted EBITDA of $1.0–$1.1 billion, free cash flow of ($50)–($150) million, and leverage ratio at or above 4 times; 2027 adjusted EBITDA target realigned to $1.2–$1.3 billion.
2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits
O-I Glass to present at Wells Fargo Industrials and Materials Conference on June 10, 2026
A live webcast and replay (available for 90 days) will be accessible via a provided link, and presentation slides are attached as Exhibit 99.1.
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CEO Gordon Hardie and CFO John Haudrich will present at the Wells Fargo 16th Annual Industrials and Materials Conference on June 10, 2026 at 11:00 a.m. Central Time.
The presentation reaffirms FY2026 guidance: aEBITDA of $1,125M-$1,225M, aEPS of $1.00-$1.50, and FCF of $50M-$150M.
The company expects 2Q26 to represent about 20% of annual aEPS allocation due to softer sales volumes, with initial signs of improvement in June.
The disclosure is furnished under Item 7.01 and is not deemed filed for SEC purposes.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
O-I Glass subsidiary completes $500M private offering of 9.500% Senior Notes due 2033
The notes are guaranteed by Owens-Illinois Group, Inc. and certain U.S. domestic subsidiaries.
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Owens-Brockway Glass Container Inc., a subsidiary of O-I Glass, issued $500 million aggregate principal amount of 9.500% Senior Notes due 2033.
The offering was made to eligible purchasers under Rule 144A and Regulation S of the Securities Act.
The indenture is dated May 18, 2026, with Regions Bank as trustee.
The notes create a direct financial obligation for the registrant.
1.01 Entry into a Material Definitive Agreement · 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement · 9.01 Financial Statements and Exhibits
O-I Glass shareholders elect 10 directors and ratify Ernst & Young at 2026 annual meeting
O-I Glass held its Annual Meeting on May 13, 2026, with 153,284,461 shares of common stock outstanding as of the March 18, 2026 record date.
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All 10 director nominees were elected to one-year terms, with votes ranging from 126,550,406 to 129,091,028 in favor.
Shareholders ratified Ernst & Young LLP as the independent registered public accounting firm for fiscal year ending December 31, 2026, with 132,246,776 votes for and 6,638,464 against.
The advisory (non-binding) vote to approve named executive officer compensation passed with 126,880,688 votes for and 4,831,872 against.
The report was filed under Item 5.07 to disclose the results of these shareholder votes.
5.07 Submission of Matters to a Vote of Security Holders
O-I Glass subsidiary prices $500M 9.500% senior notes due 2033
On May 4, 2026, Owens-Brockway Glass Container Inc. priced a private offering of $500 million aggregate principal amount of 9.500% senior notes due 2033 at par.
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The notes are guaranteed on a joint and several basis by Owens-Illinois Group, Inc. and certain U.S. domestic subsidiaries that are guarantors under OI Group's credit agreement.
The offering is expected to close on May 18, 2026, subject to customary closing conditions.
Net proceeds, along with borrowings under the revolving credit facility and cash on hand, will be used to redeem all of OBGC's outstanding 6.625% Senior Notes due 2027, of which approximately $612 million is outstanding.
The notes are being offered only to qualified institutional buyers under Rule 144A and to certain non-U.S. persons under Regulation S, and have not been registered under the Securities Act.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
O-I Glass reports Q1 2026 results and revises full-year guidance
First-quarter 2026 net sales were $1.54 billion, down slightly from $1.567 billion in the prior year period.
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Reported net loss per share was $0.48, compared to a loss of $0.10 in the first quarter of 2025; adjusted EPS was $0.05 versus $0.40.
Americas segment operating profit was $142 million, stable year-over-year; Europe segment profit was breakeven, down from $68 million.
Full-year 2026 adjusted EBITDA guidance was revised to $1.125–$1.225 billion from $1.250–$1.300 billion; adjusted EPS guidance cut to $1.00–$1.50 from $1.65–$1.90.
The guidance revision primarily reflects incremental energy-cost inflation, with 75–80% of 2026 EU gas needs secured at favorable prices.
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2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits