| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 1.5K | 1.7% |
| Total Income | 1.5K | 1.7% |
| Expenditure | 1.6K | 2.8% |
| PBT | 142.00 | 32.1% |
| Net Profit | -73.00 | 356.3% |
| OPM | -3.44% | 4.59pp |
| NPM | -4.74% | 3.72pp |
| EPS | -0.48 | 380.0% |
O-I Glass Reports Q1 2026 Results: Net Sales $1.54 Billion
03 May 2026 · 3 May, 6:28 pm
Summary
O-I Glass, Inc. announced its financial results for the first quarter ended March 31, 2026. The company reported net sales of $1.54 billion, a slight decrease compared to the prior year. First-quarter performance fell short of expectations, particularly in Europe, leading to a revision of the full-year 2026 guidance, primarily to reflect incremental energy-cost inflation. The Americas segment profit was stable at $142 million, while Europe segment profit was breakeven. The company has revised its 2026 guidance for adjusted earnings per share to $1.00–$1.50.
Key Highlights
- 1
O-I Glass reported net sales of $1.54 billion in Q1 2026, a slight decrease primarily due to lower price and volumes.
- 2
Shipments declined by 8%, but trends improved through the quarter, with March volumes down 2%.
- 3
Fit to Win delivered $50 million gross / $35 million net benefits despite a disruptive operating environment.
- 4
The company reported a net loss of $0.48 per share, including a loss on the sale of a joint venture and miscellaneous assets.
- 5
Adjusted EPS was $0.05, reflecting near-term European challenges and energy reset.
- 6
Americas segment profit remained stable at $142 million despite significant external disruptions.
- 7
Europe segment profit was breakeven, down due to a step-up in energy costs and elevated price competition.
Management Comments
GORDON HARDIE
Performance in the Americas was stable, and management acted quickly to address near-term headwinds in Europe. Volume trends improved as the quarter progressed, and several meaningful customer wins should position the business for stronger growth in the second half. With Fit to Win delivering strong savings, we remain focused on achieving our 2027 Investor Day objectives.
JOHN H AUDRICH
We have revised our full-year 2026 guidance, primarily due to incremental cost inflation driven by higher global energy prices. We are actively managing risk in a volatile environment – for example, we have secured 75–80% of our 2026 European natural gas requirements at favorable prices, which is expected to help limit further energy-cost exposure.
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