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$950M
Market Cap
4.5
P/E
0.21
PEG
10.4%
ROCE
-7.8%
ROE
3.60
D/E
9.3%
OPM
-62.9%
% from 52W High
15
α RS
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🌏 Global Investor Returns
Currency-adjusted total returns for OI including FX impact
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📈 Price History
Ratio Health
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By Category
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About

O-I Glass, Inc., through its subsidiaries, manufactures and sells glass containers to food and beverage manufacturers in the Americas, Europe, and internationally. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine. It is also involved in the production of glass packaging for various food items, soft drinks, teas, juices, and pharmaceuticals. In addition, the company offers glass containers in a range of sizes, shapes, and colors. It sells its products directly to customers under annual or multi-year supply agreements, as well as through distributors. The company was formerly known as Owens-Illinois, Inc. and changed its name to O-I Glass, Inc. in December 2019. O-I Glass, Inc. was founded in 1903 and is based in Perrysburg, Ohio.

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📈 Growth Pattern
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Manager Shares Value % of Fund Period
Jim Simons Renaissance Technologies LLC 54.7K $575K 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED O-I Glass Q1 2026 adjusted EPS $0.05; Europe pressures, Fit to Win benefits $50M
Revenue & Profitability
First quarter 2026 net sales were $1.54 billion, flat year-over-year. Adjusted earnings per share were $0.05, down from $0.40 in the prior year. Segment operating profit was $142 million, down from $209 million. Americas segment operating profit was flat at $142 million; Europe was breakeven (down $68 million). Full-year 2026 adjusted EPS guidance revised to $1.00-$1.50.
Outlook
Management expects full-year sales volumes to be about flat with the prior year. Demand improved sequentially through Q1, with March volumes down only 2%. Second half is expected to deliver low to mid-single-digit growth supported by easier comparisons and new business wins. Europe faces competitive pressure and energy inflation, while the Americas outlook is positive.
Growth Drivers
O-I has secured new business across about 15 accounts spanning all categories, expected to contribute 1.5% of new sales volume starting in the second half of 2026. Growth is seen in beer, spirits, food, and NAB segments. Regional growth is strong in Brazil (mid-single-digit beer, NAB), Andean (mid-single-digit), and U.K. (spirits up mid-single-digit, wine up 11%).
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
Not explicitly discussed as a standalone metric. Americas segment operating profit was stable at $142 million despite external disruptions. Europe segment operating profit was breakeven, down $68 million from a year ago, driven by $76 million net price reduction. Fit to Win net benefits were $35 million in Q1. Energy inflation is expected to add $75-$100 million in cost headwinds.
Key Risks
Key risks flagged by management include macro-driven energy inflation from Middle East conflicts (estimated $75-$100 million impact), elevated competitive pressures in Europe (up to $25 million risk), one-time external disruptions (extreme weather, civil unrest, natural gas pipeline failure), and continued softness in wine and spirits demand. Tariff impacts on exports from Americas Central were also noted.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-29
Second quarter earnings declined sharply year-over-year due to European operational disruptions and higher energy costs, but Americas delivered record profits and margin expansion. Guidance for 2026 and 2027 was revised lower, though long-term targets remain, with Fit to Win savings and new business wins expected to drive gradual recovery.
Q1 2026 Q1 2026 2026-04-29
Q1 results were below expectations due to weak early demand and European headwinds, but sequential improvement and new business wins support a stronger H2. Americas remain robust, while Europe is restructuring to address overcapacity and energy costs.
Q4 2025 Q4 2025 2026-02-11
Adjusted EPS nearly doubled year-over-year, with strong free cash flow and margin expansion driven by Fit to Win cost savings. 2026 guidance calls for stable to modestly higher sales, up to 7% EBITDA growth, and continued portfolio optimization amid challenging markets.
Q3 2025 Q3 2025 2025-11-05
Q3 adjusted EPS of $0.48 and a 60%+ rise in segment profit reflect strong cost savings and improved business mix, leading to raised 2025 guidance. Fit-to-win initiatives and network optimization are ahead of schedule, with further earnings and cash flow growth expected in 2026.
Q2 2025 Q2 2025 2025-07-30
Second quarter adjusted EPS exceeded expectations, driven by strong cost savings and operational improvements. Full-year guidance was raised, with stable volumes expected and significant free cash flow improvement projected, despite macroeconomic and trade uncertainties.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
This analysis does not constitute, nor should it be interpreted as, an offer, solicitation, or recommendation to buy, sell, or hold any securities or financial products. Investors are strongly advised to conduct their own independent research and due diligence and to consult with a licensed financial advisor or an SEC-registered investment adviser before making any investment decisions, taking into account their individual financial situation, risk tolerance, and investment objectives.

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Conflict of Interest Disclosure:
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Information Sources:
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