O-I Glass, Inc. (NYSE: OI) reported third-quarter 2026 net sales of $1.623 billion, down from $1.653 billion a year earlier, and a net loss attributable to the company of $13 million, or $0.08 per share. The company reported earnings before income taxes of $34 million.
O-I lowered its 2026 outlook, forecasting adjusted EBITDA of $925 million to $950 million and free cash flow use of about $300 million. The company cited soft demand, energy and freight cost inflation, and a slower recovery in Europe.
- Americas net sales rose to $970 million from $940 million, while segment operating profit declined to $137 million from $140 million.
- Europe net sales fell to $634 million from $688 million, and segment operating profit decreased to $2 million from $95 million.
- Fit to Win delivered about $50 million of benefits in the quarter and $135 million year to date.
- O-I reported approximately $1.5 billion of liquidity at the end of the third quarter.
- The company estimates $100 million to $120 million of fourth-quarter charges related to a proposed permanent closure of a European production facility.
$OI Insider Trading Activity
$OI insiders have traded $OI stock on the open market 1 times in the past 6 months. Of those trades, 1 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $OI stock by insiders over the last 6 months:
- EDUARDO RESTREPO (SVP, Business Ops Americas) purchased 3,309 shares for an estimated $29,731
To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.
$OI Hedge Fund Activity
We have seen 173 institutional investors add shares of $OI stock to their portfolio, and 137 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- GOLDMAN SACHS GROUP INC removed 2,568,529 shares (-45.2%) from their portfolio in Q2 2026, for an estimated $24,734,934
- UBS GROUP AG added 2,430,362 shares (+113.4%) to their portfolio in Q2 2026, for an estimated $23,404,386
- DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC removed 2,111,387 shares (-100.0%) from their portfolio in Q2 2026, for an estimated $20,332,656
- METLIFE INVESTMENT MANAGEMENT, LLC added 2,108,132 shares (+2645.4%) to their portfolio in Q2 2026, for an estimated $20,301,311
- SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,907,337 shares (+inf%) to their portfolio in Q2 2026, for an estimated $18,367,655
- COVALIS CAPITAL LLP added 1,776,558 shares (+170.9%) to their portfolio in Q2 2026, for an estimated $17,108,253
- JPMORGAN CHASE & CO added 1,538,450 shares (+inf%) to their portfolio in Q2 2026, for an estimated $14,815,273
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
