NYSE:OIPackaging
O-I Glass (OI) Is Down 16.3% After Large Goodwill Impairment And Q2 Net Loss - What's Changed
In the second quarter ended June 30, 2026, O-I Glass, Inc. reported sales of US$1,668 million, a net loss of US$972 million largely driven by an US$873 million goodwill impairment, and also confirmed that no shares were repurchased in the April–June 2026 period under its existing buyback plan.
These results mark a sharp deterioration in reported profitability compared with the prior year, raising fresh questions about the value of past acquisitions and the balance between returning capital...