OI · O-I Glass, Inc. /DE/
Market Cap
$1.14B
Shares
153.66M
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$7.39
Open$7.28
Day$7.12–7.47
52W close$6.36–16.63
Avg vol 30d3.1M
Short int13.9M · 9.0% float · 4.6d
Short vol51%
Last earningsJul 29, 2026
DataJan 2020–Aug 2026
Filing10-Q · Jul 29
Up next
Next earnings call
Nov 1, 2026
Est · unconfirmed
· in 9 wks
FQ3-26 quarter ends
~Sep 30, 2026
Est
filed Jul 29, 2026
AI Brief
Q1 FY26 earnings call · Apr 29, 2026
Q1 FY26
TL;DR. O-I Glass reported Q1 2026 net sales of $1.54 billion (essentially flat year-over-year) and adjusted EPS of $0.05, missing original expectations as Europe swung to breakeven amid energy cost inflation and competitive pressure, while the Americas held steady at $142 million segment profit. Full-year 2026 guidance was revised, primarily for incremental energy-cost inflation.
Bullish
- + Americas segment operating profit was stable at $142 million despite $10 million of disruption-related costs from extreme weather, civil unrest in Mexico, and a natural gas pipeline failure in Peru. new
- + Fit to Win delivered $50 million gross / $35 million net benefits in Q1 and remains ahead of schedule toward $750 million of cumulative benefits through 2027, with at least $275 million targeted for 2026. new
- + New business wins across about 15 accounts should contribute 1.5% of new sales volume starting in the second half of 2026 and set up 1%–2% profitable growth beginning in 2027. new
- + Shipment trends improved through the quarter, with March volumes down only 2%, and Q2 is expected to be stable with low- to mid-single-digit volume growth in the second half. new
- + South America delivered mid- to high single-digit volume growth, and food is now the second-largest category behind beer. new
- + Energy management practices are expected to cover 75–80% of 2026 EU gas needs, limiting further energy-cost exposure. new
Bearish
- − Q1 adjusted EPS of $0.05 came in below original expectations, with a reported net loss of $0.48 per share including a loss on sale of a joint venture and miscellaneous assets. new
- − Europe segment operating profit was breakeven, down sharply year-over-year, as shipments fell 7% and price/mix was pressured by low-capacity utilization, particularly in wine and Southern Europe. new
- − Q1 shipments were down about 8% versus the prior year (which had benefited from U.S. tariff pre-buys), with North America and Mexico declining on spirits customer inventory adjustments. new
- − Full-year 2026 guidance was revised down, primarily to reflect incremental energy-cost inflation and broader European macro dynamics. new
- − Segment operating profit fell to $142 million from $209 million year-over-year, with an unusually high effective tax rate on low pre-tax earnings (full-year tax rate guided at approximately 35%–40%). new
- − Capacity rationalization has lagged faster-than-expected demand declines in certain regions, requiring additional restructuring actions and driving unfavorable price/cost in Europe. new
From the call
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Sell
Momentum
Weak
Sentiment
Neutral
Fundamentals
Fair
Quant / Vol
Very High
Market backdrop
VIX 14.9 · calm
Equity put/call 0.62
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
−34%
below
Price vs 50-day avg
−11%
below
RSI (14)
49
neutral
MACD trend
Positive
52-week position
10%
near low
Momentum
relative strength
1-month return
+3%
trailing
6-month return
−36%
trailing
YTD return
−50%
this year
Relative strength
−50%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $8 › 200d $11 — 200d above 50d
Institutional flow
Accumulating
+2% holders QoQ · +59 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
9.03% of float · ▲ +17.1% MoM · 4.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
308 holders — mid 3-yr range
Squeeze score
65
elevated · 0–100
Fundamentals
Revenue growth
−2%
Y/Y
Gross margin
17%
expanding
EPS growth
−22%
Y/Y
Free cash flow
$168.0M
Buyback
$30.0M
remaining
Balance sheet
$4.2B
net debt
Quant / Vol
risk profile
Volatility
53%
annualized · 1-yr
Max drawdown
−62%
past year
ATR
5.4%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Latest guidance
· from the Earnings Call filed Jun 30, 2026
full year 2026
Adjusted EBITDA
Non-GAAP
Initiated
$1B – $1.1B
Fit-to-win savings
Initiated
at least $200M
full year 2027
Adjusted EBITDA
Non-GAAP
Initiated
$1.2B – $1.3B
2027
Additional fit-to-win savings
at least $150M
Fit to win benefits
$150M
Prior guidance
period ended
· from the 8-K filed Nov 4, 2025
Adjusted effective tax rate
· Full-Year 2025
33% – 36%
Guided vs delivered
· last 1 settled
Adjusted earnings
full year 2023
guided $3.10 – $3.25
$-0.67
Miss −121.1%
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders Sell
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
−34%
Bearish
Price vs 50-day avg
−11%
Bearish
RSI (14)
49
Neutral
MACD trend
Positive
Bullish
52-week position
10%
Bearish
Market signals — smart money & positioning
Mixed
Trend (MA cross)
No cross
50d $8 › 200d $11 — 200d above 50d
Institutional flow
Accumulating
+2% holders QoQ · +59 funds added
Insider flow
Flat
No net insider activity over 90 days
Short interest
Rising
9.03% of float · ▲ +17.1% MoM · 4.6 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Steady
308 holders — mid 3-yr range
Price context
position in its 52-week range
Range low $6
Now $7 · 10%
Range high $17
vs 200-day avg -34%
vs 50-day avg -11%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Americas Segment Operating Profit | $165M | second quarter of 2026 | — |
| Americas Segment Operating Profit Margin | 17.4% | second quarter of 2026 | — |
| Europe Segment Operating Profit | $6M | second quarter of 2026 | — |
| Fit to Win benefits | $65M | second quarter of 2026 | — |
| Fit to Win net savings | $85M | year-to-date 2026 | — |
| Segment Operating Profit non-GAAP | $171M | 2Q26 | — |
|
|
|||
| Adjusted Earnings before income taxes (C) non-GAAP | $31M | Three Months Ended March 31, 2026 | — |
| Adjusted earnings per share non-GAAP | $0.05 | Q1 2026 | — |
| Adjusted Effective Tax Rate (D)/(C) non-GAAP | 68% | Three Months Ended March 31, 2026 | — |
| Adjusted provision for income taxes (D) non-GAAP | -$21M | Three Months Ended March 31, 2026 | — |
| Segment operating profit - 2026 | $142M | Three months ended March 31 | — |
| Segment operating profit margin non-GAAP | 9.3% | Q1 2026 | — |
|
|
|||
| Segment operating profit margin Americas non-GAAP | 16.3% | Q1 2026 | — |
|
|
|||
| Segment operating profit margin Europe non-GAAP | 0% | Q1 2026 | — |
|
|
|||
| Adjusted earnings (loss) per share (non-GAAP) non-GAAP | $1.6 | Year ended December 31 | — |
| Adjusted earnings (non-GAAP) non-GAAP | $249M | Year ended December 31 | — |
| Adjusted EBITDA (non-GAAP) non-GAAP | $1.22B | Year Ended December 31 | — |
| Countries | 18 | FY2025 | — |
| Free cash flow non-GAAP | $168M | Full Year 2025 | — |
| Net debt (non-GAAP) non-GAAP | $4.24B | Year Ended December 31 | — |
GAAP → non-GAAP reconciliationGAAP Total debt $5B
-$759M Less cash
= Net debt (non-GAAP) $4.24B
|
|||
| Net debt leverage ratio non-GAAP | 3.5 | Year Ended December 31 | — |
| Plants | 64 | FY2025 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Packaging & Containers — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
OI
this stock
O-I Glass, Inc. /DE/
|
$1.14B | -49.9% | -1.6% | — | 9.0% |
|
SW
Smurfit Westrock plc
|
$25.33B | +24.9% | +47.7% | 51.4 | 4.0% |
|
PKG
Packaging Corp Of America
|
$21.42B | +16.6% | +7.2% | 31.2 | 3.3% |
|
AMCR
Amcor plc
|
$21.22B | — | +56.6% | 19.3 | 4.6% |
|
IP
International Paper Co /New/
|
$20.82B | -0.2% | +49.3% | — | 8.7% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| OI | +2.9% | +3.4% | -36.4% | +3.4% | -49.9% |
| SPY | +0.5% | +3.0% | +13.4% | +3.0% | +12.8% |
| vs SPY | +2.5% | +0.4% | -49.8% | +0.4% | -62.8% |
Capital returns
Latest dividend
$0.05
/ share · ex Feb 27, 2020
Paid (TTM)
$0.00
/ share · 0 payouts
Dividend yield (TTM, derived)
— · no payout in the trailing year
Buyback program
· as of Jun 30, 2026
Authorized
$100.00M
Spent (derived)
$70.00M
Remaining
$30.00M
Spent
Remaining
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
Key facts
CIK
812074
CUSIP
67098H104
13F (30d)
240 filings
238 filers
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