secwatch.observer — SEC 8-K summary
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Issuer:     O-I Glass, Inc. /DE/ (OI)
CIK:        0000812074
Form:       8-K
Filed at:   2026-07-28T20:30:26+00:00
Accession:  0001104659-26-087559
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

O-I Glass Q2 EPS loss $6.33; cuts 2026 EBITDA guidance to $1.0-1.1B
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- Reported net loss of $6.33/diluted share vs. ($0.03) a year ago; includes $873M goodwill impairment in Europe.
- Adjusted EPS fell to $0.09 from $0.53; Americas segment profit rose 22% to $165M, Europe profit collapsed to $6M.
- 2026 adjusted EBITDA guidance cut to $1.0-1.1B (prior $1.125-1.225B); free cash flow now expected negative $50-150M.
- 2027 adjusted EBITDA target lowered to $1.2-1.3B from $1.45B; net debt leverage ratio expected at or above 4x.
- Fit to Win delivered $65M gross benefits in Q2; company cites temporary European headwinds and operational disruption.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812074/000110465926087559/0001104659-26-087559-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812074/000110465926087559/tm2621494d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-087559

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