O-I Q2 FY2026 Earnings Call
With Gordon Hardie (CEO) and John Haudrich (CFO).
Transforming glassmaking with purpose, through the Power of Glass. At O-I Glass, Inc. (NYSE: OI), we are proud to be one of the leading producers of glass bottles and jars around the globe.
More about O-I
Glass is not only beautiful, it is also pure, healthy, and completely recyclable, making it the most sustainable rigid packaging material. Headquartered in Perrysburg, Ohio (USA), O-I is the preferred partner for many of the world’s leading food and beverage brands. We innovate in line with customers’ needs to create iconic packaging that builds brands around the world. Led by our diverse team of approximately 19,000 people across 61 plants in 18 countries, we collaborate with customers to create iconic, innovative packaging that builds brands around the world.
1Prepared remarks3 speakers
Thank you, Gabby. Good morning, everyone, and welcome to the O-I Glass Second Quarter 2026 Earnings Conference Call. With me today are Gordon Hardie, our CEO, and John Haudrich, our CFO. After prepared remarks, we will open the line for Q&A. Our press release and earnings materials are available on the company's website. Please review the safe harbor statements and disclosure regarding our use of Non-GAAP financial measures included in those materials. Today's remarks do include forward-looking statements, and…
Thank you, Chris, and good morning, everyone. Today, we will review our second quarter results, discuss market conditions, and provide an updated view of our 2026 outlook and 2027 targets. Before I begin, I want to thank our O-I colleagues around the world for their continued commitment and flexibility during a challenging operating period. Let me start with a straightforward assessment. We are clearly disappointed with our first half performance. Europe has not delivered the expected results as outlined in our…
Good morning again, everybody. I'll now comment on recent performance. Second quarter net sales were stable while adjusted earnings were $0.09 per share compared with $0.53 per share last year. Performance varied significantly by region. Strong Americas results helped offset substantially lower earnings in Europe while an unusually high adjusted tax rate reduced results by $0.18 per share. In the Americas, segment operating profit increased 22%…