O-I Glass

Q2 FY2026 EarningsQ2 FY26 net loss attributable to the Company hit $972M, driven primarily by a $873M non-cash goodwill impairment in the Europe segment. Net sales fell 2% YoY to $1.67B as shipment volumes dropped 5% due to soft demand in beer and wine and operational disruptions. Segment operating profit declined 24% YoY to $171M, with Americas performing strongly (up 22%) while Europe plummeted 93% due to energy cost resets and competitive pricing pressure. The Company realigned its FY27 adjusted EBITDA target to $1.2B-$1.3B reflecting a slower European recovery.