O-I Glass Reports $73M Q1 Loss, Adjusted EPS 5 Cents vs. 9-Cent Forecast
O-I Glass posted a $73 million net loss in the first quarter, equating to a 48 cent per-share loss. Adjusted earnings were 5 cents per share on $1.54 billion in revenue, below the 9-cent per-share average estimate.
1. Q1 Financial Results
O-I Glass reported a $73 million net loss for the first quarter of 2026, representing a 48 cent loss per share. The glass container maker generated $1.54 billion in revenue during the period.
2. Earnings vs. Expectations
On an adjusted basis, earnings were 5 cents per share, missing the 9-cent per-share average analyst estimate. The shortfall reflects elevated one-time charges and margin pressures in key markets.
3. Conference Call and Outlook
CEO Gordon Hardie and CFO John Haudrich will host a conference call on April 29 at 8:00 a.m. ET to review first-quarter results and discuss strategic priorities. A replay and presentation materials will be available on the company website for one year.