NYSE:OIPackaging
O-I Glass (OI) Is Down 11.3% After Cutting 2026 EPS Guidance on European Headwinds and Costs
O-I Glass, Inc. reported first-quarter 2026 results with sales of US$1,540 million versus US$1,567 million a year earlier, and a net loss of US$73 million, widening from US$16 million, with basic and diluted loss per share from continuing operations at US$0.48 versus US$0.10.
Alongside these weaker results, management cut full-year adjusted EPS guidance to US$1.00–US$1.50, citing energy cost inflation and ongoing competitive pressures in Europe despite ongoing Fit to Win cost savings...