O-I Glass
Makes glass bottles and jars for beverage and food brands.
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Profile
Manufactures glass containers for alcoholic beverages, food, and non-alcoholic drinks across Americas and Europe. Revenue is tied to beverage and food packaging volumes, energy and raw-material costs, plant utilization, glass-container competition, and a footprint reset under Fit to Win.
Manufactures glass containers for beer, wine, spirits, food, and non-alcoholic beverages. The operating map is organized around Americas and Europe, with customers that include large global food and beverage manufacturers.
Sales depend on running furnace-heavy plants efficiently, matching capacity to regional demand, and serving customers through direct supply agreements and distributors. The portfolio stays inside rigid packaging, where glass competes with other container formats and with specialist glass producers.
Fit to Win is reshaping the footprint by reducing redundant capacity, optimizing the manufacturing network, and cutting overhead. MAGMA development has been halted, and legacy asbestos claims were moved into a bankruptcy trust.
Company facts
Categories
Key statistics
Year to date −51.3% · Average volume (30d) 3.1M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 21, 2026 | Citigroup | Upgrade | Neutral | Buy | ||
| Aug 13, 2026 | RBC Capital | Downgrade | Outperform | Sector Perform | ||
| Aug 12, 2026 | RBC Capital | Downgrade | Outperform | Sector Perform | $11 | $8 |
| Jul 30, 2026 | Robert W. Baird | Target | $20 | $13 | ||
| Jul 30, 2026 | BNP Paribas | Target | $18 | $8.50 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.24 | $0.09 | −62.7% | $1.68B | $1.67B | −0.7% | −15.01% |
| Apr 28, 2026Q1 FY26 | $0.09 | $0.05 | −44.4% | $1.47B | $1.54B | +4.8% | −15.53% |
| Feb 10, 2026Q4 FY25 | $0.19 | $0.20 | +5.3% | $1.52B | $1.50B | −1.2% | −4.94% |
| Nov 4, 2025Q3 FY25 | $0.44 | $0.48 | +9.1% | $1.53B | $1.65B | +7.8% | +14.15% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $1.57B | $1.71B | $1.65B | $1.50B | $1.54B | $1.67B | |
| Gross profit | $280.0M | $299.0M | $300.0M | $229.0M | $199.0M | $214.0M | |
| Operating income | $152.0M | $175.0M | $182.0M | $103.0M | $91.0M | $130.0M | |
| Net income | −$16.0M | −$5.0M | $30.0M | −$138.0M | −$73.0M | −$972.0M | |
| Diluted EPS | −$0.10 | −$0.03 | $0.19 | −$0.90 | −$0.48 | −$6.33 | |
| Gross margin | 17.9% | 17.5% | 18.1% | 15.3% | 12.9% | 12.8% | |
| Operating margin | 9.7% | 10.3% | 11.0% | 6.9% | 5.9% | 7.8% |
Fiscal years (4-quarter sums)FY21 $6.36B · FY22 $6.86B · FY23 $7.11B · FY24 $6.53B · FY25 $6.43B
Revenue by product · Q2 FY26
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $339.0M · Total debt $4.99B · Total assets $8.09B · Shareholders' equity $383.0M
Dividends
No dividends on record.
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 153.66M · Float 150.31M · 97.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 23.44M | 15.25% | 13F | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 10.41M | 6.77% | 13F | Aug 13, 2026 |
| AllianceBernstein L.P. | 9.61M | 6.26% | 13F | Aug 14, 2026 |
| Cooper Creek Partners Management LLC | 8.52M | 5.50% | 13G | Aug 14, 2026 |
| Dimensional Fund Advisors LP | 8.14M | 5.30% | 13F | Aug 11, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 15, 2026 | Samuel R. Chapin | director | +12,000 | $8.51 |
| May 14, 2026 | Eduardo Restrepo | officer: SVP, Business Ops Americas | +3,309 | $8.99 |
| May 11, 2026 | Darrow A. Abrahams | officer: SVP, GC & Corporate Secretary | +2,774 | $9.04 |
| May 11, 2026 | John Haudrich | officer: SVP & Chief Financial Officer | +2,207 | $9.07 |
| May 8, 2026 | Randolph L. Burns | officer: SVP, Chief Admin & Sus Officer | +11,000 | $9.32 |
Peers
Not reported.