O-I Glass

Q2 FY2026 EarningsQ2 FY26 results were significantly negatively impacted by a total goodwill impairment of the European segment, leading to a GAAP EPS of -$6.33, missing the consensus mean of $0.25. Revenue of $1,668M slightly missed the $1,680M expectation due to a 5% decline in shipments, primarily in beer, wine, and spirits. Despite headwinds in Europe, the Americas segment saw operating profit grow 22% YoY, while management lowered FY27 EBITDA guidance to $1.2B–$1.3B to reflect a slower European recovery.