O-I Glass (OI)
Makes glass bottles and jars for beverage and food brands.
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Manufactures glass containers for alcoholic beverages, food, and non-alcoholic drinks across Americas and Europe. Revenue is tied to beverage and food packaging volumes, energy and raw-material costs, plant utilization, glass-container competition, and a footprint reset under Fit to Win.
Manufactures glass containers for beer, wine, spirits, food, and non-alcoholic beverages. The operating map is organized around Americas and Europe, with customers that include large global food and beverage manufacturers.
Sales depend on running furnace-heavy plants efficiently, matching capacity to regional demand, and serving customers through direct supply agreements and distributors. The portfolio stays inside rigid packaging, where glass competes with other container formats and with specialist glass producers.
Fit to Win is reshaping the footprint by reducing redundant capacity, optimizing the manufacturing network, and cutting overhead. MAGMA development has been halted, and legacy asbestos claims were moved into a bankruptcy trust.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 21, 2026 | Citigroup | Upgrade | ||
| Aug 13, 2026 | RBC Capital | Downgrade | ||
| Aug 12, 2026 | RBC Capital | Downgrade | Target: $11 | Target: $8 |
| Jul 30, 2026 | Robert W. Baird | Target | Target: $20 | Target: $13 |
| Jul 30, 2026 | BNP Paribas | Target | Target: $18 | Target: $8.50 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $339.0M · Total debt $4.99B · Total assets $8.09B · Shareholders' equity $383.0M
- Revenue
- $1.67B
- Operating income
- $130.0M
- Net income
- −$972.0M
No dividends on record.
| Institutions | 104.68% | 160.84M shares | |
|---|---|---|---|
| 319 holders · as of Jun 30, 2026 | |||
| Insiders | 1.82% | 2.80M shares | |
| 19 holders · as of May 19, 2026 | |||
| Strategic holders | 0.11% | 170.3K shares | |
| 1 holder · as of Feb 14, 2022 | |||
| Adds to | 106.61% | ||
153.66M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 106.61%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 15.25% | 23.44M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 6.77% | 10.41M | as of Jun 30, 2026 |
First Pacific Advisors, LPInstitution | 6.51% | 10.00M | filed Feb 14, 2020 |
AllianceBernstein L.P.Institution | 6.26% | 9.61M | as of Jun 30, 2026 |
Dimensional Fund Advisors LPInstitution | 5.30% | 8.14M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 15, 2026 | Samuel R. Chapin | director | +12,000 | $8.51 |
| May 14, 2026 | Eduardo Restrepo | officer: SVP, Business Ops Americas | +3,309 | $8.99 |
| May 11, 2026 | Darrow A. Abrahams | officer: SVP, GC & Corporate Secretary | +2,774 | $9.04 |
| May 11, 2026 | John Haudrich | officer: SVP & Chief Financial Officer | +2,207 | $9.07 |
| May 8, 2026 | Randolph L. Burns | officer: SVP, Chief Admin & Sus Officer | +11,000 | $9.32 |
Not reported.