O-I Glass shares have plunged 37.3% since July, but I maintain a “Buy” rating due to extreme undervaluation. OI's Q2 2026 results were abysmal, with revenue down and net loss widening to $972 million, yet the Americas segment showed resilience. Management slashed full-year and 2027 EBITDA guidance, but cost-cutting initiatives like Fit to Win are delivering tangible savings.
O-I Glass NYSE: OI reported second-quarter results that fell below its expectations, as strong performance in the Americas was more than offset by a steep decline in Europe. The company said it is maintaining its strategic direction but has reduced its 2026 outlook and recalibrated its 2027 targets to reflect a slower improvement path in its European operations.
O-I Glass, Inc. (OI) Q2 2026 Earnings Call Transcript
| Containers & Packaging Industry | Materials Sector | Gordon J. Hardie CEO | XFRA Exchange | 67098H104 CUSIP |
| US Country | 19,000 Employees | 16 Mar 2020 Last Dividend | - Last Split | 11 Dec 1991 IPO Date |
O-I Glass, Inc. is a leading manufacturer and seller of glass containers, having a substantial presence in the Americas, Europe, and other international markets. The company, founded in 1903 and headquartered in Perrysburg, Ohio, specializes in providing packaging solutions primarily to the food and beverage industry. It operates through its various subsidiaries, focusing on delivering high-quality glass containers that cater to an array of products. By maintaining direct relationships with its customers through annual or multi-year supply agreements, as well as operating through distributors, O-I Glass ensures a steady market reach and customer satisfaction.
O-I Glass, Inc. offers a diverse range of products and services catered to meet the packaging needs of the food and beverage industry, among others. Its merchandise includes: