10-K · February 12, 2026
O-I Glass’s 10-K emphasizes a three-horizon strategy anchored by the Fit to Win cost program (focused on footprint optimization and SG&A reductions), followed by a profitable growth phase and optionality for…
Earnings analysis · 10-Q
OI earnings analysis
Filed April 29, 2026 · Our reading of the company's report
The latest report
O-I Glass reported a Q1 2026 net sales of $1.54 billion, surpassing the consensus estimate of $1.47 billion, but adjusted EPS of $0.05 fell short of the expected $0.11. The company experienced a significant increase in…
Read full summary
O-I Glass reported a Q1 2026 net sales of $1.54 billion, surpassing the consensus estimate of $1.47 billion, but adjusted EPS of $0.05 fell short of the expected $0.11. The company experienced a significant increase in net loss to $73 million compared to a loss of $16 million in Q1 2025, largely attributed to lower sales volumes and prices, particularly in Europe.
Where revenue came from
The business segments reported by the company.
Shares of the segments disclosed in this filing, largest first.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.05
What stood out
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Revenue Beat Expectations
Actual revenue was $1.54 billion, exceeding the estimated $1.47 billion.
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Adjusted EPS Miss
Reported EPS of $0.05 fell short of the expected $0.11, marking a significant decline.
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Favorable Currency Effects
Foreign currency translation positively impacted sales by $130 million.
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Increased Net Loss
Net loss attributable to the company was $73 million compared to a loss of $16 million in Q1 2025.
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Lower Sales Volume
Glass container shipments decreased by approximately 9% year-over-year.
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Segment Operating Profit Decrease
Segment operating profit fell by $67 million, primarily due to lower net prices.
What to watch
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Lower Guidance for EPS
Management revised full-year 2026 adjusted EPS to $1.00-$1.50 from $1.65-$1.90, citing energy cost inflation.
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Weak Demand in Key Markets
Softer demand in key beer, wine, and spirits categories contributed to decreased volume.
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Energy Cost Inflation Risk
Increased energy costs, primarily due to geopolitical tensions, are anticipated to pressure margins.
Management's outlook
Company revised 2026 adjusted EPS guidance to $1.00–$1.50, down from $1.65–$1.90 primarily due to higher global energy costs.
Earlier filings 4
10-Q · November 5, 2025
O-I Glass reported third-quarter net sales of $1,653 million, down $26 million or 2% versus the prior-year quarter, while reportable segment operating profit rose to $235 million (up $91 million, +63%). The company…
10-Q · April 30, 2025
O-I Glass, Inc. reported Q1 2025 results with a revenue of $1.57 billion, reflecting a decrease from the prior year, alongside a reported EPS of -$0.10, missing prior-year earnings significantly. The company struggled…
10-Q · October 30, 2024
O-I Glass reported third-quarter net sales of $1,679 million, down $64 million (4%) year-over-year, driven by lower average selling prices and unfavorable FX despite glass shipments increasing ~2%. Segment operating…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.