Quarterly ResultApr 29, 2026, 04:51 PM
OI Q1 Net Loss $(73)M; Sales $1.54B, down 1.7%
AI Summary
O-I Glass, Inc. reported a significant increase in net loss attributable to the Company, reaching $(73) million in Q1 2026, up from $(16) million in Q1 2025. Net sales decreased by 1.7% to $1,540 million, and gross profit saw a substantial decline of 28.9%. The company also experienced a considerable increase in cash utilized in operating activities and a sharp decrease in cash and cash equivalents.
Key Highlights
- OI Q1 2026 net loss attributable to the Company was $(73) million, compared to $(16) million in Q1 2025.
- Net sales for Q1 2026 decreased by 1.7% to $1,540 million from $1,567 million in Q1 2025.
- Gross profit declined by 28.9% to $199 million in Q1 2026 from $280 million in Q1 2025.
- Basic earnings per share was $(0.48) in Q1 2026, compared to $(0.10) in Q1 2025.
- Cash utilized in operating activities increased to $(294) million in Q1 2026 from $(171) million in Q1 2025.
- Restructuring charges related to the "Fit to Win" program were $38 million in Q1 2026.
- Cash and cash equivalents decreased to $317 million at March 31, 2026, from $759 million at December 31, 2025.
- Americas segment net sales were $871 million and Europe segment net sales were $655 million in Q1 2026.
Price Impact
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