O-I Glass, Inc. /DE/ — Form 8-K
Filed October 27, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 68/100
What the filing says
O-I Glass revised 2026 adjusted EBITDA guidance downward to $925–$950M (from $1,000–$1,100M) and free cash flow to negative $300M (from negative $50–$150M), citing elevated energy/freight costs, softer demand, and slower Europe recovery. The company announced a process to permanently close a European production facility, with estimated charges of $100–$120M (including $40–$50M cash) expected in Q4 2026. Europe segment operating profit collapsed to $2M from $95M year-over-year, driven by 3.8% net price decline and $15M higher-than-expected energy/freight costs.
Why this rating
Significant revision cuts ~$75–$150M from EBITDA (~7–12% of midpoint); free cash flow swing of ~$250M is material relative to $1.1B market cap. Europe crisis and facility closure represent business restructuring, but company retains $1.5B liquidity and expects 2027 recovery.
See more from October 27, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.