O-I Glass Slashes 2026-2027 Outlook, Suspends EPS Guidance; Stock Drops 9.7%
OI is trading near its 52-week low of $7.75 (0.6% above the low).
Summary
O-I Glass cut its full-year adjusted EBITDA guidance to $1.0B-$1.1B from $1.125B-$1.225B, and lowered its 2027 target to $1.2B-$1.3B from $1.45B, citing persistent European energy costs and commercial pressures. Free cash flow is now expected to be negative $50M-$150M, a sharp reversal from prior positive guidance. The company also suspended adjusted EPS guidance due to Europe uncertainty. This follows the Q2 loss of $6.33 per share reported earlier today, which included an $873M goodwill impairment. Shares fell another 9.7% after hours to $8.18, compounding a 39% year-to-date decline. The magnitude of the guidance reset and cash flow deterioration signals deeper operational stress than the market had priced in.
At the time of this announcement, OI was trading at $7.80 on NYSE in the Manufacturing sector, with a market capitalization of approximately $1.4B. The 52-week trading range was $7.75 to $16.91. This news item was assessed with negative market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.