Short answer
O-I Glass, Inc. /DE/ (OI) filed an 8-K current report with the SEC on July 28, 2026 reporting Item 2.02 (Results of Operations and Financial Condition), Item EX-99.1 (Exhibit EX-99.1). Exhibit 99.1 accompanies the Item 2.02 earnings disclosure for fiscal year 2026.
O-I Glass, Inc. /DE/ 8-K event analysis
AI summary of each reported item and its exhibits
Item 2.02 · Results of Operations and Financial Condition
- Exhibit 99.1 accompanies the Item 2.02 earnings disclosure for fiscal year 2026
- Investors should review Exhibit 99.1 for O-I Glass’s reported results and management commentary
Item EX-99.1 · Exhibit EX-99.1
- Q2 net sales $1.668B, down 2%; adjusted EPS $0.09 versus $0.53, signaling significant earnings deterioration
- Reported loss $6.33 per share, driven by $873M European goodwill impairment and $96M deferred-tax valuation allowance
- Europe operating profit fell to $6M from $90M; margin dropped to 0.9% amid pricing pressure, energy costs, restructuring and furnace disruptions
- Americas operating profit rose 22% to $165M; margin expanded to 17.4%, partially offsetting European weakness
- 2026 guidance cut to $1.0–$1.1B adjusted EBITDA and $50–$150M cash use; leverage expected at or above 4 times
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