O-I Glass, Inc. /DE/

O-I Glass reported a net loss of $972 million for Q2 2026, a significant decline from a $5 million net loss in Q2 2025, primarily driven by an $873 million non-cash goodwill impairment charge related to its European operations. Net sales for the quarter decreased by 2.2% to $1.668 billion. The company's European segment experienced a substantial drop in operating profit, while the Americas segment showed improvement.

O-I Glass reported a significant net loss of $6.33 per share for Q2 2026, primarily due to a $873 million non-cash goodwill impairment and a $96 million increase in deferred tax valuation allowances related to Europe. Adjusted earnings fell to $0.09 per share, impacted by weak European performance despite strong results in the Americas. The company revised its 2026 guidance downwards for adjusted EBITDA and free cash flow, citing ongoing challenges in Europe.

O-I Glass, Inc. announced its financial results for the second quarter ended June 30, 2026. The company will host a conference call on Wednesday, July 29, 2026, at 8:00 a.m. ET, with CEO Gordon Hardie and CFO John Haudrich discussing the results. A live webcast and presentation materials will be accessible on the O-I website, with a replay available for a year.

O-I Glass, Inc. announced an organizational change resulting in Emmanuelle Guérin's immediate departure as Senior Vice President, Business Operations Europe. Ms. Guérin will remain a non-executive employee on garden leave, receiving her salary and benefits until her employment officially terminates on September 30, 2026. She will also be eligible for severance payments and benefits according to the company's executive severance policy.

O-I Glass, Inc. has scheduled its second quarter 2026 conference call and webcast for Wednesday, July 29, 2026, at 8 a.m. EDT. The company's earnings news release for the second quarter will be issued after the market closes on Tuesday, July 28, 2026. Earnings presentation materials will also be available on the company's investor relations website.

O-I Glass, Inc. announced that its CEO and CFO will present at the Wells Fargo 16th Annual Industrials and Materials Conference on June 10, 2026. The company reaffirmed its full-year 2026 adjusted EBITDA guidance of $1,125M to $1,225M and adjusted EPS guidance of $1.00 to $1.50 per share. While 2Q26 is expected to account for a lower portion of annual EPS due to softer demand, initial signs of improvement were noted in June, and the company's 'Fit To Win' initiative is ahead of schedule, driving fundamental improvements and supporting future profitable growth.

O-I Glass, Inc. announced its participation in the Wells Fargo 16th Annual Industrials and Materials Conference. CEO Gordon Hardie and CFO John Haudrich are scheduled to present on Wednesday, June 10, 2026, at 11:00 a.m. CT. A live webcast of the presentation will be accessible through Summitcast and the company's Investor Relations website, with a replay available for 90 days.

Owens-Brockway Glass Container Inc. (OBGC), an indirect wholly owned subsidiary of O-I Glass, Inc., completed a private offering of $500 million aggregate principal amount of 9.500% Senior Notes due 2033. The Notes were offered to eligible purchasers under Rule 144A and Regulation S. Owens-Illinois Group, Inc. and certain U.S. domestic subsidiaries of OI Group fully and unconditionally guarantee the Notes.

O-I Glass, Inc.'s indirect wholly owned subsidiary, Owens-Brockway Glass Container Inc. (OBGC), priced a private offering of $500 million aggregate principal amount of 9.500% senior notes due 2033. The net proceeds, approximately $495 million, will be used to redeem all of OBGC's outstanding 6.625% Senior Notes due 2027. The offering is expected to close on May 18, 2026, subject to customary closing conditions.

O-I Glass, Inc. announced that its indirect wholly owned subsidiary, Owens-Brockway Glass Container Inc. (OBGC), plans to offer $500 million in senior notes due 2033 through a private offering. The proceeds from this offering, combined with funds from the company's revolving credit facility and cash on hand, will be used to redeem OBGC's outstanding 6.625% Senior Notes due 2027. The new notes will be guaranteed by Owens-Illinois Group, Inc. and certain U.S. domestic subsidiaries.