Oct 27, 4:45 PM ET
O-I Glass reported third-quarter 2026 net sales of $1.6 billion, down 2 percent, and a net loss of $13 million, or $0.08 per share, compared with net earnings of $30 million, or $0.19 per share, a year earlier. The company lowered its 2026 adjusted EBITDA outlook to $925 million to $950 million from $1.0 billion to $1.1 billion, citing energy and freight inflation, soft demand and a slower European recovery, and said it is starting a process on the proposed permanent closure of a European plant.
- Q3 2026 net sales were $1.623 billion versus $1.653 billion; net loss attributable to the company was $13 million versus net income of $30 million in Q3 2025.
- Adjusted EBITDA was $234 million versus $329 million; Europe segment operating profit fell to $2 million from $95 million.
- 2026 adjusted EBITDA guidance is $925 million to $950 million, down from $1.0 billion to $1.1 billion; free cash flow use is expected to be about $300 million.
- The company expects $100 million to $120 million in charges in Q4 2026 related to the proposed closure of a European production facility.
Read the filing on SEC.gov ↗
Jul 10, 4:31 PM ET
O-I Glass disclosed that Emmanuelle Guérin no longer serves as Senior Vice President, Business Operations Europe, effective immediately, following an organizational change on July 8, 2026. She remains an employee on garden leave with salary and benefits through September 30, 2026, when her employment ends, and she is eligible for severance under the company's executive severance policy.
- Role ended effective immediately after a July 8, 2026 organizational change
- Guérin remains on garden leave with salary and benefits through September 30, 2026
- Her employment terminates September 30, 2026; severance eligibility follows the Amended and Restated Executive Severance Policy
Read the filing on SEC.gov ↗
May 18, 4:05 PM ET
On May 18, 2026, Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of O-I Glass, completed a private offering of $500 million in 9.500% Senior Notes due 2033. The notes are guaranteed by Owens-Illinois Group and certain of its U.S. subsidiaries, and the company is adding this debt to its obligations. Shareholders may want to note the new borrowing and its fixed 9.500% interest rate, as the filing does not describe how the proceeds will be used.
- Principal amount: $500 million of 9.500% Senior Notes due 2033, sold under Rule 144A and Regulation S
- Issuer: Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of O-I Glass, Inc.
- Guarantors include Owens-Illinois Group, Inc. and certain U.S. subsidiaries that guarantee its credit agreement
- Indenture dated May 18, 2026, with Regions Bank as trustee, filed as Exhibit 4.1
Read the filing on SEC.gov ↗
Apr 28, 4:30 PM ET
O-I Glass reported first-quarter 2026 net sales of $1.54 billion, down from $1.57 billion a year earlier, and a net loss attributable to the company of $73 million ($0.48 per share), compared with a loss of $16 million ($0.10 per share) in the prior-year quarter. The company cut its full-year 2026 adjusted EPS guidance to $1.00–$1.50 from $1.65–$1.90, mainly because of higher energy costs and weaker European pricing, which lowers expected earnings for shareholders.
- Q1 2026 adjusted EPS was $0.05, down from $0.40 in Q1 2025; Europe segment profit was $0 versus $68 million a year earlier.
- Americas segment operating profit was $142 million, roughly flat with $141 million in the prior-year quarter.
- 2026 adjusted EPS guidance revised to $1.00–$1.50 from $1.65–$1.90; adjusted EBITDA guidance revised to $1,125–$1,225 million from $1,250–$1,300 million.
- The company estimates energy-related inflation could reduce 2026 earnings by about $0.40–$0.50 per share versus prior plans.
Read the filing on SEC.gov ↗
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