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[SITUATION] · [ACTIVE] · [BUSINESS]
2 clusters · 6 sources · 10 days · First seen · Last updated
O-I Glass 2026 earnings miss
Overview
In late July 2026 O‑I Glass reported second‑quarter results that fell short of expectations. Revenue slipped 2 % to $1.67 billion, and adjusted earnings per share dropped to $0.09 from $0.53 a year earlier, missing the consensus forecast of $0.26. Management blamed the shortfall on operational challenges in Europe, citing competitive pricing pressure, high energy costs and a temporary disruption linked to restructuring. The company recorded a $873 million goodwill impairment charge in Europe, leaving operating profit there at just $6 million, while profit in the Americas rose 22 % to $165 million on a 17.4 % margin, helped by its “Fit to Win” cost‑savings program.
Full‑year guidance was revised downward, with adjusted EBITDA now projected at $1.0‑$1.1 billion for 2026 (previously $1.125‑$1.225 billion) and $1.2‑$1.3 billion for 2027 (previously $1.45 billion). The earnings miss triggered a roughly 17 % drop in O‑I Glass shares in after‑hours trading.
Entities
Cambridge, Massachusetts · Main Street Capital Corporation · Northern Oil and Gas Inc. · Nathan's Famous, Inc. · Minerva Neurosciences, Inc.
Timeline
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4 days ago
[BUSINESS] 6 sourcesUS Companies Report Q2 2026 Earnings, Minerva Neurosciences Narrows LossQ2 2026 earnings show Minerva Neurosciences narrowing loss, Nathan's Famous EPS $2.14, Northern Oil beats estimates, Hagerty premium growth with a $2 M loss, and Main Street Capital’s earnings call.
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13 days ago
[BUSINESS] 4 sourcesO-I Glass Q2 2026 earnings miss drives 17% stock declineO‑I Glass reported Q2 2026 revenue of $1.67 bn and EPS $0.09, missing forecasts; a $873 m goodwill hit and Europe woes led to a 17% share fall and reduced 2026‑27 EBITDA guidance.
Sources
levisonenterprises.com · marketbeat.com · mommygearest.com · news.alphastreet.com · seekingalpha.com · stocknews.com