Stock Data
$0.09 (1.33%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
CONSUMER CYCLICAL
Industry
PACKAGING & CONTAINERS
O-I Glass Inc is a leading manufacturer of glass containers, catering to the food and beverage industry across the globe. Founded in 1903 and headquartered in Perrysburg, Ohio, the company specializes in producing a wide variety of glass packaging solutions. These include bottles for alcoholic drinks like beer, spirits, and wine, as well as jars for food items, soft drinks, tea, juices, and pharmaceutical products. O-I Glass prides itself on offering containers in numerous sizes, shapes, and colors, serving its customers through direct sales and distributors.
Europe segment operating profit collapsed to $6 million from $90 million as competitive pricing pressure and energy costs eviscerated margins, triggering an $873 million goodwill impairment and prompting management to slash 2026 adjusted EBITDA guidance and flip free cash flow to negative.
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