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O-I Glass (OI)
NYSE:OI
Earnings Data
Report Date
Apr 28, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.25Last Year’s EPS
0.4Same Quarter Last Year
Strong Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a predominantly positive operational and financial narrative: management delivered strong cost-out performance (Fit to Win) that drove double-digit EBITDA and EPS improvement, margin expansion, materially improved free cash flow and reduced leverage. However, the company continues to face notable demand softness and inventory destocking (notably in beer and spirits), a near-term ~$150M energy cost reset in Europe, restructuring cash costs, and tough early-2026 comps that will pressure volumes in Q1. Management expects these headwinds to be largely transitory and has increased cost-savings targets and reaffirmed 2027 goals, signaling confidence that execution will offset near-term demand challenges.Company Guidance
Adjusted EPS and Earnings Recovery
Full-year 2025 adjusted earnings of $1.60 per share (nearly doubled vs 2024). Fourth-quarter adjusted earnings rebounded to $0.20 per share from a prior-year net loss, driven by Fit to Win benefits, higher production and a lower effective tax rate.
Fit to Win Outperformance and Increased Target
Fit to Win delivered $300,000,000 of savings in 2025 (exceeding the $250,000,000 target) including ~$80,000,000 in Q4. Company raised its three-year cumulative Fit to Win target to at least $750,000,000 (up from $650,000,000) and expects at least $275,000,000 incremental savings in 2026.
Adjusted EBITDA, Margin Expansion and Segment Profit
Adjusted EBITDA increased 11% in 2025 with margins expanding ~220 basis points. Q4 segment operating profit rose 30% to $177,000,000 with margins expanding ~280 basis points; Americas segment operating profit up ~40%.
Free Cash Flow and Balance Sheet Improvement
Free cash flow rebounded to $168,000,000 (improvement of approximately $300,000,000 year-over-year). Leverage improved by nearly half a turn to 3.5x with a plan to reach ~2.5x by year-end 2027.
Capital Allocation and CapEx Discipline
Capital expenditures were reduced ~30% in 2025, supporting improved free cash flow and disciplined capital allocation while enabling strategic reinvestment opportunities.
Top-line Stability and Mix Improvement
Net sales were roughly $1.5 billion in Q4 with average selling prices essentially flat; favorable FX largely offset volume declines. Management shifted mix ~1% toward higher-value categories (premium spirits, food, NEBs, RTDs) and unit shipments declined only ~1.5% due to lighter-weight/smaller formats with stronger margins.
2026 Outlook and 2027 Targets Reaffirmed
Company reaffirmed 2027 Investor Day targets and provided 2026 guidance: adjusted EBITDA $1.25–$1.30 billion (up to 7% vs 2025; up to 22% ex the $150M energy step-up), adjusted EPS $1.65–$1.90, and free cash flow ~ $200,000,000.
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 |
|---|---|---|---|
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% |
Apr 29, 2025 | $12.15 | $12.66 | +4.20% |
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 Apr 28, 2026, After Close (Confirmed).
What is O-I Glass (OI) earnings time?
O-I Glass (OI) earnings time is at Apr 28, 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 (Q1) is 0.25.