O-I Glass (OI)
NYSE:OI
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.31Last Year’s EPS
0.53Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: the company showed clear progress on its Fit to Win program, meaningful new business wins, solid liquidity and improving sequential volumes — particularly in the Americas — which support medium-term confidence. However, Q1 results featured a steep decline in adjusted EPS, meaningful operating profit compression driven by Europe, ongoing volume headwinds in key categories (wine and some spirits), and material near-term energy cost risk that prompted a downward revision to full-year guidance. Management emphasized that many headwinds are temporary and reiterated 2027 targets, but near-term challenges balance against the operational and commercial positives.Company Guidance
Stable Net Sales
Net sales of $1.54 billion in Q1, essentially flat year-over-year; favorable FX largely offset slightly lower average selling prices and volume declines.
Fit to Win Momentum and Delivery
Fit to Win is ahead of schedule toward the $750M cumulative target through 2027. Q1 gross benefits were ~$50M and net benefits ~$35M after disruption and transition costs. The company is targeting at least $275M of Fit to Win benefits in 2026 and expects additional meaningful benefits in 2027 (management cited an incremental ~$150M of Fit to Win contribution entering 2027).
New Business Wins Expected to Drive Volume
About 15 incremental account wins across categories, expected to contribute ~1.5% of new sales volume starting in the second half of 2026; wins currently split ~70–75% Americas and ~25–30% Europe.
Sequential Volume Improvement
Shipments improved through the quarter: overall shipments were down about 8% early in the quarter but March volumes were down only ~2%, and management expects Q2 shipments to be stable with low- to mid-single-digit growth in H2.
Americas Operational Strength
Americas segment operating profit remained resilient and was described as 'essentially flat' year-over-year. Management reported the strongest North America EBIT in over eight years and noted capacity utilization in the Americas is in the upper 90s in aggregate.
Liquidity and Balance Sheet Position
Company reported approximately $1.5 billion of liquidity and indicated secured covenants are not at risk; management said secured ratio is very favorable.
Energy Risk Mitigation
Management reported approximately 75%–80% of European gas requirements are protected via hedges at prices favorable to current market levels, providing material insulation against near-term gas price spikes.
OI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
OI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 28, 2026 | $10.24 | $8.65 | -15.53% |
Feb 10, 2026 | $16.39 | $15.58 | -4.94% |
Nov 04, 2025 | $11.80 | $13.47 | +14.15% |
Jul 29, 2025 | $14.48 | $12.67 | -12.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does O-I Glass (OI) report earnings?
O-I Glass (OI) is schdueled to report earning on Aug 04, 2026, After Close (Confirmed).
What is O-I Glass (OI) earnings time?
O-I Glass (OI) earnings time is at Aug 04, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is OI EPS forecast?
OI EPS forecast for the fiscal quarter 2026 (Q2) is 0.31.