O-I Glass, Inc. /DE/ (OI) Form 10-Q — Oct 28, 2026
O-I Glass reported a Q3 2026 net loss of $13 million ($0.08 per share) versus net earnings of $30 million a year earlier, as Europe segment operating profit collapsed 98% to $2 million on lower prices, elevated energy costs and competitive pressure. The nine-month picture is far worse: a net loss attributable of $1,058 million including an $873 million non-cash impairment that fully wrote off Europe goodwill, and operating cash flow turned negative at -$35 million versus +$198 million last year. Cash fell to $379 million from $759 million at year-end.
Key figures
- Revenue
- 1623
- Guidance
- 2026 volumes down ~3-4%; ~$180M Fit to Win benefits in 2026 (cut from $200M); 2026 operating cash flow ~$125M; capex ~$425M; 2027 targets withdrawn, guidance to come on year-end call
- Revenue Yoy
- -2%
- Total Assets
- 8001
- Cash Position
- 379
- Shares Outstanding
- 153812000
- Revolver availability
- $1.15 billion
- Senior notes may 2026
- $500 million at 9.500% due June 1, 2033
- Operating cash flow 9m
- -$35 million
- Europe q3 segment profit
- $2 million vs $95 million prior year
- Goodwill impairment q2 2026
- $873 million (full impairment of Europe goodwill)
- Q3 segment operating profit
- $139 million vs $235 million prior year
- Nine month net loss attributable
- -$1,058 million
- Weighted avg credit agreement rate
- 5.77%
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