O-I Glass, Inc. /DE/ (OI) Form 8-K — Oct 27, 2026
O-I Glass reported a Q3 2026 net loss of $13 million ($-0.08/share) on net sales of $1.62 billion, down 2% year-over-year, with adjusted EBITDA falling to $234 million from $329 million. Europe was the epicenter: segment operating profit collapsed to $2 million from $95 million on price pressure and roughly $15 million of unexpected energy and freight costs, while the Americas stayed resilient at $137 million in segment profit.
Key figures
- Revenue
- 1623000000
- Guidance
- 2026 adjusted EBITDA of $925-950M (cut from $1,000-1,100M); free cash flow use of ~$300M (cut from -$50M to -$150M); year-end leverage 4.5-5.0x; 2027 targets withdrawn, new guidance at year-end call
- Revenue Yoy
- -2%
- Cash Position
- 379000000
- Total liquidity
- 1533000000
- Adjusted ebitda q3
- 234000000
- Fit to win 2026 target
- 180000000
- Fit to win benefits q3
- 50000000
- Goodwill impairment ytd
- 873000000
- Leverage prior year end
- 3.5x
- Europe segment profit q3
- 2000000
- Segment operating profit
- 139000000
- Adjusted ebitda yoy prior
- 329000000
- Americas segment profit q3
- 137000000
- Europe segment profit prior
- 95000000
- Expected plant closure charges
- $100-120 million in Q4 2026 (incl. $40-50M cash)
- Fit to win cumulative 2027 target
- 650000000
- Energy freight cost headwind europe
- 15000000
AI analysis
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