Q2 2026 O-i Glass, Inc Earnings Call Transcript

Jul 29, 2026 / 12:00 PM GMT

Release Date Price: €6.7 (-15.19%)

Transcript 10-Q8-K

Key Points

Positve

O-I Glass Inc (OI) reported a 22% year-over-year increase in segment operating profit in the Americas, demonstrating strong execution of their strategy.
The company's Fit to Win program has generated more than $400 million in net benefits since its launch, with $85 million delivered in the first half of 2026.
O-I Glass Inc (OI) has completed announced plant closures and is advancing the final stages of organizational restructuring, indicating progress in their strategic initiatives.
The company has secured new business wins representing approximately 2% of annual sales volume, expected to contribute to growth later in the year.
O-I Glass Inc (OI) maintains strong liquidity with $1.5 billion available and no debt maturities until 2028, providing financial stability.

Negative

O-I Glass Inc (OI) experienced a significant decline in adjusted earnings per share, from $0.53 last year to $0.09 this year, due to challenges in Europe.
The company's European operations faced elevated competitive pressure, higher energy costs, and operational inefficiencies, leading to a substantial drop in earnings.
Global shipments declined approximately 4.5% year-over-year, with operational disruptions accounting for about half of the decline.
O-I Glass Inc (OI) recorded a significant non-cash goodwill impairment charge and increased tax valuation allowances, impacting financial results.
The company revised its 2026 guidance downward due to continued market challenges in Europe, including additional price pressure and higher energy costs.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

OI.N - O-i Glass, Inc
Q2 2026 O-i Glass, Inc Earnings Call
Jul 29, 2026 / 12:00PM GMT

=====================
Presentation
--------------------------------------------------------------------------------
Unidentified_1 [1]
--------------------------------------------------------------------------------
Thank you for standing by. My name is Gabby, and I will be your conference moderator today. At this time, I would like to welcome everyone to the OI Glass second quarter 2026 earnings conference call.

After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press star 1 to raise your hand. To withdraw your question, press star 1 again. I would now like to turn the call over to Chris Manuel, Vice President of Investor Relations. Please go ahead.

--------------------------------------------------------------------------------
Unidentified_2 [2]
--------------------------------------------------------------------------------
Thank you, Gabby. Good morning,

Already have an account? Log in

Get the full story

Subscribe Now

	Access to All Earning Calls and Stock Analysis
	30-Year Financial on one screen
	All-in-one Stock Screener with unlimited filters
	Customizable Stock Dashboard
	Real Time Insider Trading Transactions
	8,000+ Institutional investors’ 13F holdings
	Powerful Excel Add-in and Google sheets Add-on
	All data downloadable
	Quick customer support
	And much more...

7-Day Free Trial · Cancel Anytime

Subscription fee may be tax deductible.

Excellent

4.6 out of 5

Trustpilot

Research Tools

All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Calculators Discussion Board

Product

Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App Newsletters Signup 中文

Education

Financial Glossary Tutorials FAQ Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation

Company

About GuruFocus Career Contact Us Advertise Term of Use Privacy Policy Referral Program Partner Program

Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey

Disclaimers

GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.