O-I Glass Q2 FY26 net loss widens to $972 million; net sales fall 2% to $1.67 billion
OI•Quarterly results and operating performance
- O-I Glass posted a net loss attributable to shareholders of $972 million, or $6.33 per share, in the quarter ended June 30, 2026.
- Net sales fell 2% to $1.67 billion, on lower shipment volumes partly offset by slightly higher average selling prices and favorable FX.
- Loss before income taxes widened to $827 million, driven by an $873 million non-cash goodwill impairment tied to the Europe reporting unit.
- Segment operating profit dropped 24% to $171 million as Europe fell to $6 million amid lower net prices and higher energy costs.
- Management reaffirmed Fit to Win benefits of about $200 million in 2026, forecasting $275 million-$375 million operating cash flow and $425 million capex.
