O-I Glass Posts Q3 2026 Results With Earnings Call Set for Tomorrow
OI is trading near its 52-week low of $5.3 (12% above the low).
Summary
O-I Glass released third-quarter 2026 results for the period ended September 30, 2026, with the full earnings release and presentation posted to its investor site. The quarter brought sales of $1.62B, which missed analyst expectations on lower volumes, and a loss of 8c per share, or an adjusted loss of 9c per share. This is the first hard look at the business since the Q2 blowup: a $6.33 per-share loss driven by an $873 million European goodwill impairment, a full-year guidance cut, and a warning that Latin American goodwill is also at risk. It also follows a law firm investigation into the 2026 guidance and 2027 targets and UBS's downgrade to Neutral with a Street-low $6 target. Management runs the call Wednesday, October 28 at 8:00 a.m. ET, where the key questions are whether the Latin America impairment materialized and how far full-year guidance moved.
At the time of this announcement, OI was trading at $5.96 on NYSE in the Manufacturing sector, with a market capitalization of approximately $988M. The 52-week trading range was $5.30 to $16.91. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.