Quarterly ResultApr 28, 2026, 04:38 PM
OI Q1 Adj EPS $0.05; Revises 2026 Guidance Down on Energy Costs
AI Summary
O-I Glass, Inc. reported first-quarter 2026 results with adjusted EPS of $0.05, significantly down from $0.40 in the prior year, and a net loss per share of $0.48. Net sales were $1.54 billion, a slight decrease. Performance fell short of expectations, particularly in Europe, where segment operating profit was breakeven due to higher energy costs and price competition. The Americas segment remained stable. The company revised its full-year 2026 guidance downwards, primarily reflecting incremental energy-cost inflation and net price pressure in Europe, despite strong energy management practices.
Key Highlights
- Q1 2026 Adjusted EPS was $0.05, down from $0.40 in Q1 2025.
- Q1 2026 Net Sales were $1.54 billion, a slight decrease from $1.567 billion in Q1 2025.
- Americas segment operating profit was stable at $142 million in Q1 2026.
- Europe segment operating profit was breakeven in Q1 2026, down from $68 million.
- Revised 2026 Adjusted EPS guidance to $1.00-$1.50 from $1.65-$1.90.
- Revised 2026 Adjusted EBITDA guidance to $1,125M-$1,225M from $1,250M-$1,300M.
- Revised 2026 Free Cash Flow guidance to $50M-$150M from ~$200M.
- Guidance revision primarily due to $0.40-$0.50/share impact from energy inflation and up to $0.15/share from price pressure.