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Silgan (NYSE: SLGN - Get Free Report) and O-I Glass (NYSE: OI - Get Free Report) are both materials companies, but which is the better investment? We will contrast the two businesses based on the strength of their analyst recommendations, valuation, earnings, profitability, dividends, risk and institutional ownership. Profitability This table compares Silgan and O-I Glass' net

BlackRock Inc. bought a new position in O-I Glass, Inc. (NYSE:OI – Free Report) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 23,439,932 shares of the industrial products company’s stock, valued at approximately $225,727,000. BlackRock Inc. owned 15.25% of O-I Glass at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of OI. PNC Financial Services Group Inc. grew its stake in shares of O-I Glass by 1.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 37,828 shares of the industrial products company’s stock worth $558,000 after buying an additional 701 shares during the last quarter. Barclays PLC boosted its holdings in O-I Glass by 0.3% in the fourth quarter. Barclays PLC now owns 246,766 shares of the industrial products company’s stock worth $3,642,000 after acquiring an additional 755 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of O-I Glass by 87.6% in the fourth quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 830 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of O-I Glass by 3.1% in the fourth quarter. ProShare Advisors LLC now owns 29,887 shares of the industrial products company’s stock worth $441,000 after acquiring an additional 911 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of O-I Glass by 64.1% during the second quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock valued at $35,000 after acquiring an additional 918 shares in the last quarter. 97.24% of the stock is currently owned by institutional investors.

Analyst Ratings Changes Several brokerages recently commented on OI. Citigroup raised shares of O-I Glass from a “neutral” rating to a “buy” rating and increased their price objective for the company from $8.00 to $9.00 in a research report on Friday, August 21st. Truist Financial dropped their target price on shares of O-I Glass from $13.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, July 30th. Zacks Research upgraded shares of O-I Glass from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Royal Bank Of Canada cut shares of O-I Glass from an “outperform” rating to a “sector perform” rating and cut their price target for the company from $10.00 to $8.00 in a report on Thursday, August 13th. Finally, UBS Group reduced their price target on shares of O-I Glass from $15.00 to $11.00 and set a “buy” rating for the company in a research report on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $10.31.

Read Our Latest Stock Analysis on O-I Glass O-I Glass Stock Performance NYSE:OI opened at $7.20 on Friday. The stock has a 50-day simple moving average of $8.36 and a two-hundred day simple moving average of $9.87. O-I Glass, Inc. has a 52-week low of $6.29 and a 52-week high of $16.91. The company has a debt-to-equity ratio of 8.89, a quick ratio of 0.77 and a current ratio of 1.26. The firm has a market capitalization of $1.11 billion, a PE ratio of -0.96, a P/E/G ratio of 2.41 and a beta of 0.66.

O-I Glass (NYSE:OI – Get Free Report) last released its earnings results on Tuesday, July 28th. The industrial products company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.24 by ($0.15). O-I Glass had a positive return on equity of 10.40% and a negative net margin of 18.13%.The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.68 billion. During the same quarter in the previous year, the business posted $0.53 EPS. O-I Glass’s revenue was down 2.2% on a year-over-year basis. Analysts forecast that O-I Glass, Inc. will post 0.42 EPS for the current year.

O-I Glass Profile (Free Report)

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.

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OI Investors Have Opportunity to Join O-I Glass, Inc. Fraud Investigation with SBS Law PR Newswire LOS ANGELES, Au

NEW YORK, Aug. 04, 2026 (GLOBE NEWSWIRE) -- Q2 2026 results at O-I Glass (NYSE: OI) landed short of consensus on both revenue and earnings, and the stock fell approximately 15% in the session that followed. If you lost money on OI shares, you are encouraged to submit your loss information now. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

The reported quarter fell well short of expectations, with revenue of $1.67 shy of calls for $1.69 to $1.7 billion. Adjusted earnings came in at $0.09 per share against consensus estimates of around $0.29. The Company also cut its full-year 2026 and 2027 guidance metrics alongside the release and unveiled an $873 million non-cash goodwill impairment

Segment results drove the miss. Europe operating profit declined to $6 million from $90 million in the prior-year period -- a drop of $84 million.

Shareholders who purchased O-I Glass stock and suffered a loss may have their claim evaluated at no cost, or call (212) 363-7500.

ABOUT THE FIRM -- For over two decades, Levi & Korsinsky has represented shareholders in securities class actions. Ranked in ISS Top 50 for seven consecutive years.

Frequently Asked Questions About the OI Investigation

Q: How much did OI stock drop? A: Shares fell approximately 15% on July 29, 2026 after the Company again reduced its full-year 2026 guidance and further pushed back planned fiscal 2027 targets. Investors who purchased shares at allegedly inflated prices and suffered losses may be eligible to seek recovery.

Q: What is the OI securities investigation about? A: A securities investigation is pending concerning O-I Glass (NYSE: OI) regarding potentially materially false or misleading statements. Shares fell approximately 15% after the Company disclosed Q2 2026 earnings that fell shy of the market’s expectations.

Q: Who is eligible to participate in the OI investigation? A: Investors who purchased OI stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.

Q: What do OI investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500.

Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.

Q: What if I already sold my OI shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought OI and sold at a loss may still participate in the investigation.

Q: What does it cost me to participate? A: There is no upfront cost to participate. Securities investigations and any resulting actions are generally handled on a contingency basis -- no retainer and no out-of-pocket costs.

Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions.

CONTACT:\

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

[email protected]

Tel: (212) 363-7500

Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

ATLANTA, Aug. 03, 2026 (GLOBE NEWSWIRE) -- Holzer & Holzer, LLC is investigating whether O-I Glass, Inc. (“O-I” or the “Company”) (NYSE: OI) complied with federal securities laws. On July 28, 2026, O-I reported second quarter 2026 results revealing that “[r]eported earnings were a loss of $6.33 per share, including a $873 million non-cash goodwill impairment charge and a $96 million increase to deferred tax valuation allowances, both related to Europe.” Following this news, the price of the Company’s stock dropped. 

If you purchased O-I stock and suffered a loss on that investment, you are encouraged to contact Corey Holzer, Esq. at [email protected] or Joshua Karr, Esq. at [email protected], call our toll-free number at (888) 508-6832, or visit our website at www.holzerlaw.com/case/o-i-glass/ to discuss your legal rights.

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, 2023 and 2025, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website,

www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.

CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
[email protected]

The Zacks Glass Products industry is poised to benefit from the rising demand for glass, both as a packaging option and for use in construction. This is backed by its endless recyclability and sustainability benefits. Growing demand for energy-efficient, smart windows or smart glass panels will be another catalyst for the industry going forward.

Companies like O-I Glass, Inc. (OI - Free Report) and Apogee Enterprises (APOG - Free Report) are expected to gain from efforts to capitalize on this demand by boosting capacity and introducing innovative products to the market.

About the Industry The Zacks Glass Products industry comprises companies that manufacture and sell glass products. O produces glass containers for packaging beverages, food and pharmaceuticals. Another player in the industry offers coated and high-performance glass used in customized window and wall systems. It caters to the construction industry, ranging from commercial and multi-family residential to institutional buildings. It also provides coated glass for picture framing, wall décor and display applications. Nowadays, companies that make glass for buildings offer smart glass windows using artificial intelligence to adjust and suitably increase access to natural light while minimizing heat and glare. Some have developed electrokinetic technology that can be retrofitted on any glass, enabling buildings to cut energy consumption and save on heating and cooling costs.

Major Trends Shaping the Future of the Glass Products Industry Glass Packaging Gaining Popularity: Glass is increasingly becoming the packaging choice for customers, given its endless recyclability without a loss in quality. More than 80% of recycled bottles are used in making new bottles. This also helps negate the need for raw materials. Every ton of recycled glass saves 1,400 pounds of sand, 430 pounds of soda ash and 400 pounds of limestone/dolomite. As consumers are becoming more aware of their environmental footprint, a sharp spike in demand is noticed for refillable bottles, which offer the most sustainable and economical rigid packaging option. Manufacturers are focusing on improving their products by reducing the weight of the bottles for more convenient handling. Also, premium cosmetic and beverage brands are opting for glass to differentiate their products through packaging and ensure quality maintenance.

Demand in the Construction Sector Holds Promise: In recent years, the use of glass gained popularity in construction as a sustainable alternative to traditional building materials, including wood and bricks, owing to its cost-effectiveness, lightweight, immense strength and environmentally friendly factor. Glass increases the influx of natural light in the building, reduces energy consumption, minimizes carbon emissions and enhances the aesthetic appeal of structures. Rising construction activities across the residential, commercial and industrial sectors are likely to fuel the glass products industry’s growth. Increasing investments in the renovation or modernization of the existing infrastructure will also drive the industry’s growth. Various governments are introducing favorable policies and granting incentives to promote green construction to minimize greenhouse emissions and energy consumption, which bodes well for the industry.

Technological Innovation is the Key: Some players revolutionized the industry by bringing smart glass panels or smart windows to the market. These innovative products are designed to enable people to lead healthier and more productive lives by increasing access to daylight and views while minimizing glare and heat from the sun and keeping occupants comfortable. These products also help cut down on energy consumption from lighting and HVAC, thus reducing carbon emissions.

Pricing, Improving Efficiency to Offset Cost Inflation: The industry is witnessing rising costs for transportation, chemical and fuel, and supply-chain headwinds. Therefore, industry players are increasingly focusing on pricing actions and cost reduction and resorting to automation in manufacturing to boost productivity and efficiency.

Zacks Industry Rank Indicates Bright Prospects The Zacks Glass Products industry is a two-stock group within the broader Industrial Products sector. The industry currently carries a Zacks Industry Rank #11, which places it in the top 4% of the 246 Zacks industries.

The group’s Zacks Industry Rank, basically the average of the Zacks Rank of all the member stocks, indicates bullish prospects in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Before we present two Glass Products stocks for investors’ consideration, it is worth looking at the industry’s stock-market performance and its valuation picture.

Industry Versus S&P 500 & Sector The Glass Products industry has underperformed the S&P 500 and the sector in the past year. The stocks in this industry have collectively declined 30.6% against the Industrial Products sector’s gain of 17.5%. The S&P 500 composite has risen 21.7% during the said time frame.

One-Year Price Performance

Industry's Current Valuation Based on the trailing 12-month EV/EBITDA ratio, a commonly used multiple for valuing Glass Products companies, we see that the industry is currently trading at 4.37X compared with the S&P 500’s 18.32X and the Industrial Products sector’s 20.01X. This is shown in the charts below.

Enterprise Value/EBITDA (EV/EBITDA) Ratio (TTM)

Enterprise Value/EBITDA (EV/EBITDA) Ratio (TTM)

Over the last five years, the industry traded as high as 9.42X and as low as 3.53X, the median being 5.20X.

2 Glass Products Stocks to Watch Apogee: The company has been benefiting from the strong performance of its Architectural Services segment, which is gaining on improved pricing and product mix, reflecting its strategic shift toward more premium products. The company’s strong project pipeline and recent order trends bode well. Apogee's ongoing efforts to reduce costs and enhance productivity are expected to bolster margins in the coming quarters. Its solid balance sheet provides additional support. Earlier this month, Apogee acquired Kalwall Companies. This deal is expected to solidify APOG’s Architectural Glass segment. Apogee expects this deal to yield $4 million of operational cost synergies by the end of fiscal 2029. Moreover, Kalwall is expected to generate $85 million in revenues within the first 12 months of the deal completion. The company expects an adjusted EBITDA margin of 15%, with a long-term margin target of 20%. The deal is also expected to be accretive to the company’s adjusted earnings in the first year of completion. APOG shares have gained 9.8% in the past three months. 

The Minneapolis, MN-based entity has a trailing four-quarter earnings surprise of 12.2%, on average. The Zacks Consensus Estimate for earnings for fiscal 2027 has moved up 3% to $2.96 per share over the past 60 days. The company has a long-term earnings growth of 12%. Apogee currently sports a Zacks Rank #1 (Strong Buy).  You can see the complete list of today’s Zacks #1 Rank stocks here.

Price & Consensus: APOG

O-I Glass: The company continues to invest in joint ventures, incremental capacity, and acquisitions to benefit from the growing demand for glass packaging due to increasing consumer preference for healthy, premium and sustainable products for food and beverage. O-I Glass is currently implementing the first phase of its Fit to Win initiative. This program is expected to reduce redundant production capacity, optimize the network and streamline costs in areas such as selling, general and administrative expenses. The program delivered $300 million of benefits in 2025, higher than the expected $250 million. Year to date, gross savings totaled $115 million or $85 million net savings. OI expects approximately $200 million of Fit to Win benefits in 2026 and at least $650 million over 2024-2027. This is expected to drive higher earnings, enhance economic profit and strengthen free cash flow. 

Perrysburg, OH-based O-I Glass manufactures and sells glass containers to food and beverage manufacturers, primarily in the Americas, Europe and the Asia Pacific. OI has a long-term estimated earnings growth rate of 7.3%. O-I Glass currently carries a Zacks Rank #3 (Hold).

Price & Consensus: OI

O-I Glass guided FY 2026 adjusted EBITDA of $1.25 billion to $1.30 billion in February. Shares fell roughly 15% on July 29, 2026 after the Company cut full-year guidance for the second consecutive quarter.

, /PRNewswire/ -- A 15% single-session decline hit O-I Glass (NYSE: OI) shareholders on July 29, 2026, when the Company reduced its full-year 2026 and 2027 projections. Shareholders who lost money on OI are encouraged to submit their loss information here before the investigation advances. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.

On the February 11, 2026 fourth quarter earnings call, Chief Financial Officer John Haudrich stated the Company anticipated "adjusted EBITDA of $1.25 billion to $1.3 billion, representing up to 7% growth versus 2025." On the same call, Chief Executive Officer Gordon Hardie said the Company was "substantially contracted on our energy exposure in 2026 in Europe. So we're confident about the $150 million."

On July 29, 2026, 2026 and 2027 guidance targets were both reduced as management pointed to struggles in the European segment: "continued market challenges, including additional price pressure and higher energy costs related to the Middle East conflict, adjusted Fit to Win timing due to temporary operational disruption and additional costs."

Investors who purchased O-I Glass shares and suffered a loss are encouraged to have their claim evaluated at no cost, or contact Joseph E. Levi, Esq. at [email protected] or (212) 363-7500.

Levi & Korsinsky, LLP | Top 50 Securities Firm | (212) 363-7500 | www.zlk.com

Frequently Asked Questions About the OI Investigation

Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether O-I Glass made materially false or misleading statements regarding its full-year 2026 guidance and projected fiscal 2027 targets. When O-I Glass lowered its guidance following Q2 2026 results, the stock declined sharply.

Q: How much did OI stock drop? A: Shares fell approximately 15% on July 29, 2026 after the Company again reduced its full-year 2026 guidance and further pushed back planned fiscal 2027 targets. Investors who purchased shares at allegedly inflated prices and suffered losses may be eligible to seek recovery.

Q: Who is eligible to participate in the OI investigation? A: Investors who purchased OI stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses -- not on whether you still hold the shares.

Q: What do OI investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500.

Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.

Q: What if I already sold my OI shares -- can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought OI and sold at a loss may still participate.

Q: What does it cost me to participate? A: There is no upfront cost. Securities investigations and any resulting actions are generally handled on a contingency basis -- no retainer and no out-of-pocket costs.

Q: What if I live outside the United States? A: U.S. securities investigations generally cover purchases on U.S. exchanges regardless of the investor's country of residence.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

SOURCE Levi & Korsinsky, LLP

Is Consumer Discretionary a Dead End? These 3 Stocks Say NoO-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.

Second-quarter net sales were nearly $1.7 billion, down about 2% from the prior year, while adjusted earnings were $0.09 per share, compared with $0.53 per share a year earlier. CEO Gordon Hardie said an unusually high adjusted tax rate reduced quarterly results by $0.18 per share.

Get O-I Glass alerts:

Chaos and Cash: Finding Opportunity in VolatilityGlobal shipments declined about 4.5% year over year, though volume trends improved during the quarter and June shipments were flat with the prior year. Hardie said operational disruptions accounted for roughly half of the overall shipment decline.

Americas Strength Contrasts With European Pressure In the Americas, net sales rose about 1% to $949 million, supported by higher selling prices and favorable currency effects despite a 7% volume decline. Segment operating profit increased 22% to $165 million, and margins expanded by approximately 300 basis points to 17.4%.

Hardie described the quarter as the Americas’ highest second-quarter profit in the past 10 years. Higher net prices, foreign exchange and operating-cost improvements offset lower volumes and the impact of a furnace event, according to CFO John Haudrich.

European results were substantially weaker. Net sales in the region fell 5% to $704 million, while segment operating profit dropped to $6 million from $90 million a year earlier. Shipments declined 2%, primarily because operational disruptions constrained the company’s ability to serve customers. Excluding that disruption, underlying European volume trends were roughly flat, management said.

O-I attributed Europe’s performance to competitive pressure on selling prices, higher energy costs tied to the Middle East conflict, operational inefficiencies following restructuring at multiple plants, and two furnace events. Hardie said one event in France was a fire and another in the U.K. involved a leak. The incidents placed added strain on a changing supply network after three plant closures and contributed to higher logistics costs.

Management said both affected plants were repaired and were increasing supply through July. The company also cited one-time disruptions including unavailable rail transportation in France that required a shift to more costly road freight.

Fit to Win Savings Program Remains Central O-I said its Fit to Win cost and operating-improvement program has generated more than $400 million in net benefits since its launch. The company produced $85 million of benefits through the first half of 2026, net of $30 million in direct operating inefficiencies. Including constrained sales opportunities and additional logistics expense, the total effect of disruptions was approximately $45 million.

The company revised its 2026 Fit to Win savings target to approximately $200 million but retained a three-year target of at least $650 million. Haudrich said just under half of the expected $115 million to $120 million of second-half savings was “locked and loaded” through completed restructuring and selling, general and administrative actions. He said roughly one-third of the expected 2027 savings would be carryover benefits from actions already underway.

Hardie said Europe is about a year behind the Americas in implementing Fit to Win and total operating efficiency practices. He said the company expects European operational performance to improve over the next several quarters, with a goal of reaching mid-teen segment profit margins within two years. That outlook assumes some normalization in energy markets and demand conditions, as well as completion of the company’s operational initiatives.

Updated 2026 Outlook and Rebased 2027 Targets O-I withdrew its adjusted earnings-per-share guidance, saying the effective tax rate has become highly sensitive to operating earnings given the low level of anticipated European profit. The company now expects adjusted EBITDA of $1 billion to $1.1 billion for 2026.

Haudrich said the revised 2026 outlook primarily reflects continued European market challenges, additional selling-price pressure, higher energy costs, delayed Fit to Win benefits due to disruption, and added costs at several plants. He said Europe is expected to improve sequentially during the second half, while the Americas is still anticipated to deliver results nearly 60% above 2024 levels in 2026.

For 2027, O-I now expects adjusted EBITDA of $1.2 billion to $1.3 billion, including at least $150 million of additional Fit to Win savings. Management said its assumptions continue to reflect muted market conditions, including relatively flat volume expectations and current elevated energy prices. Potential upside could come from improved European demand or energy-price normalization following a resolution of the Middle East conflict.

The company continues to view its original $1.45 billion adjusted EBITDA target as achievable, though Hardie and Haudrich said reaching that level will likely take longer than initially anticipated.

Commercial Wins and Regional Demand Trends O-I said its commercial transformation is producing new business wins representing approximately 2% of annual sales volume. Management expects the wins to begin contributing during the second half and build further in 2027. Haudrich said the contracted business could add roughly 1% to 1.5% of annualized volume during the second half.

Hardie said July trends across the company’s markets generally remained in line with June, though one geography was still working through supply constraints related to a furnace event. He said those constraints were expected to be resolved after July.

The company cited continued strength in nonalcoholic containers, food, and several Latin American markets. The Andean group delivered double-digit growth, while Brazil posted low-single-digit growth. Hardie said O-I’s businesses in Brazil, the Andean region and Mexico were executing well on cost and commercial initiatives, although Mexican volume was affected by lower tequila exports and Mexican beer imports into the U.S.

“We are recalibrating timing, not changing direction,” Hardie said, emphasizing that the company’s immediate priorities are restoring European performance, improving execution and pursuing profitable growth.

About O-I Glass (NYSE:OI)O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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Shares of O-I Glass (OI -16.39%), a leading maker of glass bottles and containers, were moving lower today after the company came up short in its second-quarter earnings report.

As of 1:41 p.m. ET, the stock was down 17.4% on the news.

Image source: Getty Images.

What happened with O-I Glass Overall revenue was down 2% to $1.67 billion, just shy of expectations at $1.69 billion.

Bottom-line results were even more disappointing as adjusted earnings per share fell from $0.53 to $0.09, well below the consensus at $0.26 per share. Management cited operational challenges in Europe, including competitive pricing pressure, elevated energy costs, and a temporary disruption in operations due to restructuring. Operating profit in Europe was just $6 million, while operating profit in the Americas increased 22% to $165 million, with a 17.4% operating margin.

Management credited its Fit to Win cost-savings program for delivering strong results in the Americas. The company also took a $873 million goodwill impairment charge in Europe due to a decline in its stock price, weaker results, and a lower outlook in Europe.

Today's Change

(

-16.39

%) $

-1.49

Current Price

$

7.58

What's next for O-I Glass Looking ahead to the rest of the year, O-I cut its guidance. The company now sees adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1 billion-$1.1 billion for the year, down from an earlier target of $1.125 billion-$1.225 billion, due to the challenges in Europe.

It also lowered its adjusted EBITDA target for 2027 as it now sees $1.2 billion-$1.3 billion in adjusted EBITDA, compared to an earlier forecast of $1.45 billion.

Given that, it's not surprising to see the stock down double digits today.

Jeremy Bowman has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

For the quarter ended June 2026, O-I Glass (OI - Free Report) reported revenue of $1.67 billion, down 2.2% over the same period last year. EPS came in at $0.09, compared to $0.53 in the year-ago quarter.

The reported revenue represents a surprise of +4.51% over the Zacks Consensus Estimate of $1.6 billion. With the consensus EPS estimate being $0.22, the EPS surprise was -59.09%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how O-I Glass performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Geographic Revenue- Americas: $949 million compared to the $901.6 million average estimate based on two analysts. The reported number represents a change of +0.6% year over year.Geographic Revenue- Europe: $704 million versus $672.06 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -5% change.Net Sales- Other: $15 million compared to the $22.37 million average estimate based on two analysts. The reported number represents a change of -31.8% year over year.Net Sales- Reportable segment totals: $1.65 billion compared to the $1.61 billion average estimate based on two analysts.View all Key Company Metrics for O-I Glass here>>>

Shares of O-I Glass have returned -4.1% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

Wall Street expects a year-over-year decline in earnings on lower revenues when O-I Glass (OI - Free Report) reports results for the quarter ended June 2026. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The earnings report, which is expected to be released on July 28, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.

While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus EstimateThis glass container manufacturer is expected to post quarterly earnings of $0.22 per share in its upcoming report, which represents a year-over-year change of -58.5%.

Revenues are expected to be $1.6 billion, down 6.5% from the year-ago quarter.

Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 3.85% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for O-I Glass?For O-I Glass, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that O-I Glass will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that O-I Glass would post earnings of $0.09 per share when it actually produced earnings of $0.05, delivering a surprise of -44.44%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.

O-I Glass doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Intercontinental Exchange, Inc. (NYSE: ICE), one of the world's leading providers of financial market technology and data powering global capital markets, today

Posted by Defense World Staff on Apr 2nd, 2026

O-I Glass, Inc. (NYSE:OI – Get Free Report) was the target of some unusual options trading activity on Wednesday. Stock investors purchased 2,354 call options on the company. This represents an increase of approximately 3,039% compared to the average volume of 75 call options.

Institutional Trading of O-I Glass Hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada grew its stake in O-I Glass by 33.9% during the 1st quarter. Royal Bank of Canada now owns 112,800 shares of the industrial products company’s stock worth $1,294,000 after buying an additional 28,548 shares during the last quarter. AQR Capital Management LLC lifted its stake in O-I Glass by 154.0% in the first quarter. AQR Capital Management LLC now owns 177,117 shares of the industrial products company’s stock valued at $1,993,000 after buying an additional 107,388 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of O-I Glass by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 92,151 shares of the industrial products company’s stock valued at $1,057,000 after acquiring an additional 4,055 shares during the period. United Services Automobile Association acquired a new position in shares of O-I Glass during the first quarter valued at $119,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of O-I Glass by 43.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 526,279 shares of the industrial products company’s stock worth $6,036,000 after acquiring an additional 160,649 shares during the last quarter. Institutional investors own 97.24% of the company’s stock.

O-I Glass Trading Up 1.2% O-I Glass stock opened at $10.64 on Thursday. O-I Glass has a 1 year low of $9.23 and a 1 year high of $16.91. The firm’s 50-day moving average is $13.28 and its 200-day moving average is $13.46. The company has a debt-to-equity ratio of 3.35, a quick ratio of 0.77 and a current ratio of 1.25. The company has a market cap of $1.62 billion, a P/E ratio of -12.67, a PEG ratio of 0.68 and a beta of 0.82.

O-I Glass (NYSE:OI – Get Free Report) last announced its quarterly earnings data on Tuesday, February 10th. The industrial products company reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. O-I Glass had a negative net margin of 2.01% and a positive return on equity of 18.07%. The business had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the prior year, the firm earned ($0.05) EPS. The company’s revenue for the quarter was down 1.9% compared to the same quarter last year. On average, equities analysts expect that O-I Glass will post 1.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth OI has been the subject of a number of research reports. Robert W. Baird set a $20.00 price target on O-I Glass in a research note on Thursday, February 12th. Zacks Research cut O-I Glass from a “hold” rating to a “strong sell” rating in a research note on Tuesday, March 3rd. Wall Street Zen downgraded O-I Glass from a “buy” rating to a “hold” rating in a report on Saturday, February 28th. Citigroup decreased their target price on O-I Glass from $17.00 to $16.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Finally, Wells Fargo & Company downgraded O-I Glass from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $18.00 to $13.00 in a report on Friday, March 20th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $17.56.

Get Our Latest Analysis on OI

O-I Glass Company Profile (Get Free Report)

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.

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Posted by Defense World Staff on Apr 19th, 2026

O-I Glass, Inc. (NYSE:OI – Get Free Report) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totaling 13,615,188 shares, a decrease of 13.8% from the March 15th total of 15,790,521 shares. Based on an average trading volume of 2,764,150 shares, the days-to-cover ratio is presently 4.9 days. Approximately 9.0% of the company’s stock are short sold.

Analysts Set New Price Targets Several equities analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of O-I Glass in a report on Thursday, January 22nd. Zacks Research downgraded shares of O-I Glass from a “hold” rating to a “strong sell” rating in a report on Tuesday, March 3rd. UBS Group cut their price objective on shares of O-I Glass from $21.00 to $18.00 and set a “buy” rating on the stock in a report on Friday, April 10th. Royal Bank Of Canada set a $14.00 price objective on shares of O-I Glass in a report on Friday. Finally, Wells Fargo & Company downgraded shares of O-I Glass from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $18.00 to $13.00 in a report on Friday, March 20th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, O-I Glass has a consensus rating of “Hold” and an average price target of $15.67.

View Our Latest Stock Analysis on O-I Glass

Institutional Inflows and Outflows A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC increased its stake in shares of O-I Glass by 87.6% in the 4th quarter. Farther Finance Advisors LLC now owns 1,778 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 830 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of O-I Glass in the 2nd quarter worth $29,000. Quarry LP acquired a new stake in shares of O-I Glass in the 4th quarter worth $32,000. Caitong International Asset Management Co. Ltd increased its stake in shares of O-I Glass by 36,533.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 2,198 shares of the industrial products company’s stock worth $32,000 after acquiring an additional 2,192 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in shares of O-I Glass by 64.1% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,350 shares of the industrial products company’s stock worth $35,000 after acquiring an additional 918 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

O-I Glass Trading Up 4.8% O-I Glass stock opened at $10.91 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.77 and a debt-to-equity ratio of 3.35. O-I Glass has a 12 month low of $9.84 and a 12 month high of $16.91. The stock’s 50 day simple moving average is $12.06 and its two-hundred day simple moving average is $13.27. The firm has a market cap of $1.67 billion, a PE ratio of -12.98, a P/E/G ratio of 0.87 and a beta of 0.84.

O-I Glass (NYSE:OI – Get Free Report) last announced its earnings results on Tuesday, February 10th. The industrial products company reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $1.50 billion for the quarter, compared to analyst estimates of $1.52 billion. O-I Glass had a positive return on equity of 18.07% and a negative net margin of 2.01%.The business’s revenue was down 1.9% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) EPS. Analysts anticipate that O-I Glass will post 1.33 earnings per share for the current year.

O-I Glass Company Profile (Get Free Report)

O-I Glass, Inc is a leading global manufacturer of glass containers, supplying the food and beverage, wine and spirits, pharmaceutical, cosmetic and personal care industries. Headquartered in Perrysburg, Ohio, the company produces a broad range of glass packaging solutions, including bottles and jars, designed to meet customer specifications for size, shape, color and performance. O-I leverages proprietary technologies in forming, decoration and quality control to serve both mass-market and premium brands.

Tracing its origins to the early 20th century through the merger of prominent regional glassmakers, the company adopted the Owens-Illinois name in 1929 before rebranding as O-I Glass in 2015.

Read More Five stocks we like better than O-I Glass Receive News & Ratings for O-I Glass Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for O-I Glass and related companies with MarketBeat.com's FREE daily email newsletter.

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Perrysburg, Ohio, April 28, 2026 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: OI) today announced its financial results for the first-quarter ended March 31, 2026. 

Please follow the links below to view the documents containing our first quarter 2026 earnings materials.

O-I Glass First Quarter 2026 Earning Release and Financial Tables

O-I Glass First Quarter 2026 Earnings Presentation

O-I CEO Gordon Hardie and CFO John Haudrich will conduct a conference call to discuss the company’s latest results on Wednesday, April 29, 2026, at 8:00 a.m. ET. A live webcast of the conference call, including presentation materials, will be available on the O-I website, www.o-i.com/investors, in the Events and Presentations section. A replay of the call will be available on the website for a year following the event.

ABOUT O-I GLASS

At O-I Glass, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, O-I achieved revenues of $6.4 billion in 2025. Learn more about us: o-i.com / Instagram / LinkedIn  

CONTACTS:

CHRIS MANUEL     
VP, Investor Relations   
[email protected]
567.336.2600

SASHA SEKPEH
Sr. Finance Coordinator  
[email protected]

O-I Glass First Quarter 2026 Earnings Presentation O-I Glass First Quarter 2026 Earnings Release and Financial Tables

O-I Glass (OI - Free Report) came out with quarterly earnings of $0.05 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to earnings of $0.4 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -46.41%. A quarter ago, it was expected that this glass container manufacturer would post earnings of $0.19 per share when it actually produced earnings of $0.2, delivering a surprise of +5.26%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

O-I Glass, which belongs to the Zacks Glass Products industry, posted revenues of $1.54 billion for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 7.77%. This compares to year-ago revenues of $1.57 billion. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

O-I Glass shares have lost about 28.3% since the beginning of the year versus the S&P 500's gain of 4.8%.

What's Next for O-I Glass?While O-I Glass has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for O-I Glass was unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.46 on $1.66 billion in revenues for the coming quarter and $1.64 on $6.23 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Glass Products is currently in the bottom 12% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Deere (DE - Free Report) , another stock in the broader Zacks Industrial Products sector, has yet to report results for the quarter ended April 2026. The results are expected to be released on May 21.

This agricultural equipment manufacturer is expected to post quarterly earnings of $5.81 per share in its upcoming report, which represents a year-over-year change of -12.5%. The consensus EPS estimate for the quarter has been revised 0% lower over the last 30 days to the current level.

Deere's revenues are expected to be $11.44 billion, up 2.4% from the year-ago quarter.

O-I Glass, Inc. (OI) Q1 2026 Earnings Call Transcript

PERRYSBURG, Ohio, May 04, 2026 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE

O-I Glass, Inc. (the “Company”) announced that Owens-Brockway Glass Container Inc. (“OBGC”), an indirect wholly owned subsidiary of the Company, intends to offer, subject to market and other conditions, $500 million aggregate principal amount of its senior notes due 2033 (the “Notes”) in a private offering (the “Offering”) to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the “Securities Act”). OBGC’s obligations under the Notes will be guaranteed on a joint and several basis by Owens-Illinois Group, Inc. (“OI Group”) and certain U.S. domestic subsidiaries of OI Group that are guarantors under OI Group’s credit agreement.

OBGC expects to use the net proceeds from the Offering, together with borrowings under the Company’s revolving credit facility and cash on hand, to redeem all of OBGC’s outstanding 6.625% Senior Notes due 2027 (the “2027 OBGC Notes”).

The Notes and the guarantees have not been registered under the Securities Act, or applicable state securities laws, and will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. Unless so registered, the Notes and the guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. Prospective purchasers that are qualified institutional buyers are hereby notified that the seller of the Notes may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A.

The information contained in this news release is for informational purposes only and shall not constitute a notice of redemption for the 2027 OBGC Notes or an offer to sell or the solicitation of an offer to buy the 2027 OBGC Notes, the Notes or the guarantees, nor shall there be any sale of the Notes and the guarantees in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About O-I Glass

At O-I Glass, Inc. (NYSE: OI), we love glass and we’re proud to be one of the leading producers of glass bottles and jars around the globe. Glass is not only beautiful, it’s also pure and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, O-I achieved net sales of $6.4 billion in 2025.

Forward-Looking Statements

This press release contains “forward-looking” statements related to the Company within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and Section 27A of the Securities Act. Forward-looking statements reflect the Company’s current expectations and projections about future events at the time, and thus involve uncertainty and risk. The words “believe,” “expect,” “anticipate,” “will,” “could,” “would,” “should,” “may,” “plan,” “estimate,” “intend,” “predict,” “potential,” “continue,” “target,” “commit” and the negatives of these words and other similar expressions generally identify forward-looking statements.

It is possible that the Company’s future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the Company’s ability to achieve expected benefits from cost management, efficiency improvements, and profitability initiatives, such as its Fit to Win initiative, including expected impacts from production curtailments, reduction in force and furnace closures, (2) the general credit, financial, political, economic, legal and competitive conditions in markets and countries where the Company has operations, including uncertainties related to economic and social conditions, trade policies and disputes, financial market conditions, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates, changes in laws or policies, legal proceedings involving the Company, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (3) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current conflicts in the Middle East and between Russia and Ukraine and disruptions in supply of raw materials caused by transportation delays), (4) competitive pressures from other glass container producers and alternative forms of packaging or consolidation among competitors and customers, (5) changes in consumer preferences or customer inventory management practices, (6) the continuing consolidation of the Company’s customer base, (7) risks related to the development, deployment and use of artificial intelligence technologies, (8) the Company’s inability to improve glass melting technology in a cost-effective manner and introduce productivity, process and network optimization actions, (9) unanticipated supply chain and operational disruptions, including higher capital spending, (10) seasonality of customer demand, (11) the failure of the Company’s joint venture partners to meet their obligations or commit additional capital to the joint venture, (12) labor shortages, labor cost increases or strikes, (13) the Company’s ability to acquire or divest businesses, acquire and expand plants, integrate operations of acquired businesses and achieve expected benefits from acquisitions, divestitures or expansions, (14) the Company’s ability to generate sufficient future cash flows to ensure the Company’s goodwill is not impaired, (15) any increases in the underfunded status of the Company’s pension plans, (16) any failure or disruption of the Company’s information technology, or those of third parties on which the Company relies, or any cybersecurity or data privacy incidents affecting the Company or its third-party service providers, (17) risks related to the Company’s indebtedness or changes in capital availability or cost, including interest rate fluctuations and the ability of the Company to generate cash to service indebtedness and refinance debt on favorable terms, (18) risks associated with operating in foreign countries, (19) foreign currency fluctuations relative to the U.S. dollar, (20) changes in tax laws or global trade policies, (21) the Company’s ability to comply with various environmental legal requirements, (22) risks related to recycling and recycled content laws and regulations, (23) risks related to climate-change and air emissions, including related laws or regulations and increased ESG scrutiny and changing expectations from stakeholders and (24) the other risk factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 and any subsequently filed Quarterly Reports on Form 10-Q or the Company’s other filings with the Securities and Exchange Commission.

It is not possible to foresee or identify all such factors. Any forward-looking statements in this press release are based on certain assumptions and analyses made by the Company in light of its experience and perception of historical trends, current conditions, expected future developments, and other factors it believes are appropriate in the circumstances. Forward-looking statements are not a guarantee of future performance and actual results, or developments may differ materially from expectations. While the Company continually reviews trends and uncertainties affecting the Company’s results of operations and financial condition, the Company does not assume any obligation to update or supplement any particular forward-looking statements contained in this press release. 

SOURCE: O-I Glass, Inc.

Owens-Brockway Glass Container Inc. Launches $500 Million Senior Notes Offering

It has been about a month since the last earnings report for O-I Glass (OI - Free Report) . Shares have added about 6.5% in that time frame, outperforming the S&P 500.

Will the recent positive trend continue leading up to its next earnings release, or is O-I Glass due for a pullback? Well, first let's take a quick look at the latest earnings report in order to get a better handle on the recent catalysts for O-I Glass, Inc. before we dive into how investors and analysts have reacted as of late.

O-I Glass Q1 Earnings Miss on Europe Weakness and Energy ResetO-I Glass posted first-quarter 2026 adjusted earnings of 5 cents per share, missing the Zacks Consensus Estimate of 9 cents by 44.4%. Results also fell sharply from 40 cents a year ago.

Net sales were $1.54 billion, edging down 1.7% year over year, but beating the consensus mark of $1.43 billion by 7.8%. Shipments declined 8%, with a tougher operating backdrop in Europe as energy costs stepped up and price competition intensified.

On an adjusted basis, segment operating profit declined to $142 million from $209 million a year ago. The downside was driven by near-term European challenges and the reset in energy costs despite steadier conditions in the Americas.

O-I Glass’ Segment Performances in Q2Americas net sales were $871 million in the first quarter of 2026, essentially flat with $873 million in the prior-year period. Favorable currency translation and net price benefits were offset by lower sales volume and mix.

Segment operating profit in the Americas was $142 million versus $141 million a year ago, with segment margin holding at 16.3% compared with 16.2%. The bridge provided by the company showed gains from price and currency that were largely counterbalanced by volume, mix and operating cost pressures.

Europe net sales came in at $655 million, down from $667 million in the year-ago quarter. The company cited favorable currency translation that partially offset lower selling prices, along with a high-single-digit volume decline tied to softer wine demand in Southern Europe. Europe segment operating profit fell to breakeven from $68 million a year ago.

OI Revises 2026 Guidance as Energy Inflation BuildsReflecting the changed cost backdrop, OI revised its full-year 2026 outlook. The company now expects adjusted earnings per share of $1.00-$1.50, down from its prior view of $1.65-$1.90, primarily due to higher global energy costs linked to conflicts in the Middle East and additional net price pressure in Europe.

O-I also updated its expectations for adjusted EBITDA to $1.12-$1.22 billion compared with the earlier $1.25-$1.30 billion. Free cash flow is now projected at $50-$150 million compared with roughly $200 previously, with the company noting that its energy management practices are expected to limit further exposure and cover 75%-80% of 2026 European gas needs.

How Have Estimates Been Moving Since Then?Since the earnings release, investors have witnessed a downward trend in estimates review.

The consensus estimate has shifted -36.26% due to these changes.

VGM ScoresCurrently, O-I Glass has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.

Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.

OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. It's no surprise O-I Glass has a Zacks Rank #5 (Strong Sell). We expect a below average return from the stock in the next few months.

Performance of an Industry PlayerO-I Glass is part of the Zacks Glass Products industry. Over the past month, Apogee Enterprises (APOG - Free Report) , a stock from the same industry, has gained 5.6%. The company reported its results for the quarter ended February 2026 more than a month ago.

Apogee Enterprises reported revenues of $351.35 million in the last reported quarter, representing a year-over-year change of +1.6%. EPS of $0.92 for the same period compares with $0.89 a year ago.

Apogee Enterprises is expected to post earnings of $0.43 per share for the current quarter, representing a year-over-year change of -23.2%. Over the last 30 days, the Zacks Consensus Estimate has changed -11.3%.

The overall direction and magnitude of estimate revisions translate into a Zacks Rank #4 (Sell) for Apogee Enterprises. Also, the stock has a VGM Score of A.