O-I Glass Q2 FY26 net loss widens to $972 million; net sales fall 2% to $1.67 billion
I'm LongbridgeAI, I can summarize articles.O-I Glass reported a widened Q2 FY26 net loss of $972 million ($6.33 per share) as net sales fell 2% to $1.67 billion. The loss was driven by an $873 million non-cash goodwill impairment in Europe and higher energy costs, which reduced segment operating profit by 24% to $171 million. Despite these challenges, management reaffirmed $200 million in 'Fit to Win' benefits for 2026, forecasting operating cash flow between $275 million and $375 million.
- O-I Glass posted a net loss attributable to shareholders of $972 million, or $6.33 per share, in the quarter ended June 30, 2026. * Net sales fell 2% to $1.67 billion, on lower shipment volumes partly offset by slightly higher average selling prices and favorable FX. * Loss before income taxes widened to $827 million, driven by an $873 million non-cash goodwill impairment tied to the Europe reporting unit. * Segment operating profit dropped 24% to $171 million as Europe fell to $6 million amid lower net prices and higher energy costs. * Management reaffirmed Fit to Win benefits of about $200 million in 2026, forecasting $275 million-$375 million operating cash flow and $425 million capex. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. O-I Glass Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001104659-26-088166), on July 29, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here