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

O-I Glass, Inc. reported a net loss of $13 million for the third quarter of 2026, driven by net price pressure and elevated energy and freight costs in Europe. Net sales declined 2 percent to $1.6 billion, with the Americas segment showing resilience while the Europe segment faced significant commercial headwinds. The company updated its 2026 outlook, lowering adjusted EBITDA guidance to a range of $925 to $950 million and projecting a free cash flow use of approximately $300 million. Additionally, O-I anticipates recording charges of $100 million to $120 million in the fourth quarter related to the proposed permanent closure of a European production facility.