O‑I Glass reports Q3 2026 loss, cuts 2026 EBITDA outlook and withdraws 2027 targets
O‑I Glass announced a third‑quarter 2026 adjusted loss of $0.09 per share, compared with adjusted earnings of $0.48 a year earlier. Net sales fell 2% to about $1.623 billion and adjusted EBITDA dropped to $234 million. The company lowered its 2026 adjusted EBITDA guidance to $925 million‑$950 million and removed its 2027 financial targets, citing price pressure, higher costs and weak European performance.
Why it matters
The earnings miss and guidance cut reduce expected cash generation and increase leverage to roughly 4.5‑5.0 times year‑end, raising financial risk for shareholders. The announced plant‑closure charges of $100 million‑$120 million will add further earnings and cash pressure in the fourth quarter.
Key facts
- 1Adjusted diluted EPS loss was $0.09 per share, versus $0.48 a year earlier. minichart.com.sg
- 2Net sales for the quarter were approximately $1.623 billion, down 2% from $1.653 billion a year earlier. minichart.com.sg
- 3Adjusted EBITDA for the quarter was $234 million. tradingview.com
- 4The company cut its 2026 adjusted EBITDA guidance to $925 million‑$950 million. minichart.com.sg
- 5Europe segment operating profit fell to $2 million, with margin shrinking to 0.3% from 13.8% a year earlier. minichart.com.sg
- 6Leverage ratio is expected to be about 4.5‑5.0 times at year‑end, up from 3.5 times at end‑2025. minichart.com.sg
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.