Earnings Releases·Oct 27, 2026, 4:45 PM ET

O-I Glass, Inc. — Third Quarter 2026 Earnings Summary

Net sales decreased 2% year-over-year to $1,623 million, while net earnings shifted to a $13 million loss ($0.08/share) from $30 million in the prior year; adjusted EBITDA fell to $234 million from $329 million.
The company revised 2026 adjusted EBITDA guidance down to $925–$950 million (from $1,000–$1,100 million) and free cash flow guidance to a use of approximately $300 million (from a use of $50–$150 million), citing soft demand, elevated energy/freight costs, and slower European recovery.
The Americas segment delivered 3% sales growth driven by pricing and currency, whereas the Europe segment saw an 8% sales decline and a drop in operating profit to $2 million from $95 million due to price pressure and cost inflation.
The "Fit to Win" program delivered $50 million in quarterly benefits with a revised 2026 target of $180 million, and the company announced a planned permanent closure of a European facility with estimated charges of $100–$120 million in Q4 2026.
Management expects higher 2027 sales and profitability supported by cost reductions and Americas resilience, though specific 2027 targets are deferred until the year-end earnings call.